Goal Setting

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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What’s your child’s future and what are you doing to influence it?

Anybody who has a child has had at least a flashing thought about their future after high school.  It’s easy for it to flash through and then think…oh, but first I need to…STOP! First, you need to put a time on your calendar to start addressing this issue within the next 2 weeks. Set aside an hour this month to explore the topic and start discussions with your child.  Many years ago I was working on an education class, my [...]

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Downsizing Debt

The average household has $15,762 of credit card debt, according to the 2015 American Household Credit Card Debt Study. If you have student loans, the average is $48,172. If you carry car loans, the average is $27,141. In total, the average American household has $130,922 of debt and $2,630 is the average interest on credit card debt. That’s a really nice vacation or college savings! Another startling and disturbing fact is that consumers consistently and vastly underestimate how much [...]

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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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