Emergency Fund

When you look ahead to this year…which is you?

Our last blog talked about projecting your taxes, so you can see what’s coming and plan for it. A lot of what planners do is look ahead to see what is coming and what could be coming, so you can have what you need ready.  At Fiscal Fitness Clubs, we’ve broken down these tasks and given you step by step instructions and support to make it easier, because we know that managing your money and doing planning can seem [...]

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Strength Training Your Go-To-Teammate: Emergency Funds

30 DAY CHALLENGE:   Pump Up Your Emergency Fund In Tackling Death and Disabling Disability, your first go-to-teammate is Emergency Funds.   We’ve shown you how to get quotes to check on the efficiency of your insurance, but this blog will focus on how to build up that critical teammate, Emergency Funds. Everybody knows we should have between 3 to 6 month’s reserves stashed somewhere for emergencies, but that amount can be daunting.  Since most of us are tapped out and living paycheck [...]

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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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So, how do you protect yourself from the adult ghosts and goblins?

Ghosts, Goblins, Zombies, IRS audits, more bills than money, retiring on social security only…what’s the scariest for you? I’ve been through a medical emergency that created a financial crisis and came to the conclusion that “one crisis at a time is enough, thank you very much!” So, how do you protect yourself from the adult ghosts and goblins? Here’s just a few things you’ll want in your arsenal. Zombie repellant: Emergency Funds (3 to 6 months of expenses)– Emergency funds can be hard [...]

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