Before you start a Money Club, take a few minutes to ask yourself these questions:

1. Who will I invite to join the Money Club?
   You can invite friends, family members, or acquaintances to join the Money Club. Your friends, co-workers, business associates, and neighbors are perfect candidates for The Money Club. If you belong to any kind of group: a bunco group, hobby club, investment club, or simply a group of friends, you can bring the group together to improve each member's financial life.
   
   
2. How often will the Club meet?
   Money Clubs seem to work best when meeting every other week -- but you can set any schedule you like. Some Clubs meet once each week, while others meet once a month.
   
   
3. When will the Club meet?
   The Money Club can meet at any time -- as a brown bag lunch meeting at work, during the evening, during the weekend, or during the day -- whatever works best for your members. Most meetings last about an hour.
   
   
4. How many people will be in the club, and where will it meet?
   Where the Money Club meets will influence the number of members in the club and vice versa. Most clubs have between six and ten members.

If it's in your home, you might want to keep it to eight or fewer members. Ideally, no one member will have to host every meeting of the Club. Members are usually eager to host a meeting of the Club at their houses.

If your library, local bookstore, church, community center, YMCA, or local restaurant has a meeting room available, this can also work well. Any place that's clean and dry will work just fine.

Now that you have a clear vision of what you want for your Money Club, you can find others who are motivated to improve their financial lives.

Next Choosing Members

Aggravated by credit card debt? Join the Club