Pulling Together to Get to the Top
Liverpool and her children say the secret to their financial balancing act is largely threefold.
1. Communication: “We run the family like a business,” says Mitchell. “Whenever there’s money coming in, we have a family meeting or a phone meeting to discuss our financial needs, how we’re going to spend the money, what it’s going toward, and how much we can save. We’re doing this all the time. We meet, have phone meetings, whatever it takes to keep everything as close knit as possible. If there’s no communication, you don’t know where the money is going,” he adds.
2. Budget and Frugal Living: Liverpool and Vickery often stay with host families instead of hotels, and use discount housing opportunities like Airbnb, so that they can save money by cooking their own meals when they’re on the road. They also use Wi-Fi as often as possible to cut down on data usage costs for their cell phone plans. In addition, they hold each other accountable to their budget. “I was planning to remove the carpets from our home and put wood floors in for $6,500. Dominque pointed out that we don’t need to do that right now and were bumping up against our budget. We decided to save the money instead,” says Liverpool.
3. Keep Your Eye on the Prize: The family says the most important factor when it comes to staying on track is for them to keep their eye on what they are trying to achieve.
“Just to be a top player. I just want to be a top player,” says Vickery, and she’s got the game, set, and love of her family to help her keep pursuing her dreams.
Article Appeared @http://www.blackenterprise.com/money/sachia-vickery-playing-it-safe-with-her-money-playing-to-win-on-the-tennis-court/2/