Author - Fiscal Fitness Clubs of America

Prepare! The Tax Man Cometh!

This is going to be a short blog ‘cause you got stuff to do…like your taxes. We’ve procrastinated long enough and April 15 is around the corner, along with spring. Here are some helpful hints to get you on your way to prepared for getting taxes checked off your list! GET TIME SCHEDULED ON YOUR CALENDAR. Gather your papers. If you followed our paperwork management January suggestions, you should be in good shape. You have a box with last year’s tax papers [...]

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What’s Behind the Net Worth Door?

What can you learn from your Net Worth statement?  Net Worth statements provide a check for what is changing from year to year, but they also have some great hidden ratios that help you understand your patterns.  Here’s what to look for: What changed from year to year? If net worth went up in investments or reduction of debt, GOOD! If it went up due to new possessions (like a car or home), NOT GOOD! If net worth stayed the same, but debt went [...]

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True Love & Budgets

Ah, Valentine’s Day is past and we showed our loved ones how much we care! Now we just have to show them the bill! Did you know that the number one listed reason for divorce and family conflict is money conflicts? The Business Insider had some statistics on love and money for newlyweds: “In both the first and third years of marriage, money was most often reported as a topic of marital disagreement. It beat out tensions about leisure, each [...]

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Being the Director of Getting Things Done!

That’s your title this year! You have taken on the challenge of being the “Director of Getting Things Done”, so you can get what you want from your money! Now, every “Director” needs a good assessment of where things stand and what needs to be done. After that, prioritization becomes important. Last month you got your paperwork organized, and that is good because you’re going to need to use that paperwork to complete this month’s projects: • Copying and renaming your Fiscal [...]

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What Can Disorganization Cost You?

Do any of these costs come to mind? Average late fee for bill pay: $25 Extra interest on late bills:     $20 Lost gift card/discount card: $25 Missing return receipt: $50 Failure to cancel by deadline: $50 Missed conference registration deadlines: $75 Late airfare purchase:  $100 Missed rebate request: $15 Lost warranty repairs or missed extended credit card warranty: $100 Passed deadline for reevaluating insurance: $100 Failure to file claims: $30 Missed coupons: $5 Failure to cancel Dr. appointment/lesson/tutoring/etc.: $50 Do all of these 3 times in a year= $1,935 a year! That’s a [...]

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Is Getting Organized one of Your Goals for this Year?

Is this your to do file? Out of sight, out of mind? One of the top resolutions seems to be “getting organized” and that generally includes paperwork! Our January focus for Club Members is Paperwork Management. Each month we focus on a different “financial” task by breaking down all that financial life stuff, so it becomes easier to do. Later in the year, we’ll be reviewing taxes, investments, legal and estate documents, insurance and a bunch of other stuff. Our goal [...]

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New Year’s Resolutions = RESOLVE TO DO BETTER!

“My goal for 2016 is to accomplish the goals of 2015, which I should have done in 2014, because I promised them in 2013 and planned them in 2012.”   – Anonymous New Year’s Resolutions are supposed to be things that we RESOLVE TO DO BETTER! This means typically changing habits….and boy are those things hard to change! The quote at the top is funny because most of us identify with it and have had the same resolutions several years running! Research into [...]

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It’s Taxing Time!

Yes, time for 2015 year-end tax prep BIG PICTURE: Interested in reducing your tax burden for 2015? If so, you’ve got to add one more thing to your year-end holiday gifting and partying! You’ve got shopping, and holiday parties, and family get togethers, and cleaning house, and wrapping and entertainment events, and New Year’s planning, and oh yeah…year-end tax moves. Who has time for those? (Let’s see, if you saved $40 on gifts in 3 hours on Black Friday, what [...]

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Tips for College While Keeping Costs in Mind

As we head into the Holiday season, we will soon share the things that we are all grateful for (things we have received and the gifts we will soon give).  One of the things we have found is that often times people wish they put as much time, energy, and money into giving their children a financial boost for college. Some of our most successful clients have had parents, grandparents, and other family members wrap up a small gift for under the tree and have also [...]

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