Year End Financial Summary

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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Get a plan, Stan…just set yourself free!

 50 Ways to Leave Your Lover by Paul Simon The song refers to breaking up with an unwanted girlfriend (which by the way happens a lot around Valentine’s day), but we think it can easily apply to our financial patterns that just aren’t getting us to where we want to be. FEBRUARY CHALLENGE:  “Taking Stock” Part 2 In our last blog, we suggested tracking Key Indicators that will tell you how you are progressing and what the issues are that you need to [...]

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How do you know you’re winning?

You’ve got to take stock! With long range projects, it’s hard to see the success you’ve made and know if you’re on track or even winning. That’s why people create milestones and ways to track progress.  Well, financial wellness is a really, really, really long project!  You‘ve got lots of phases, lots of moving parts, debts that span 30 years and retirement funding that will go much longer than that.  You need a way to track your progress. If you [...]

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Whoa! Even if you’ve filed, you’re not done with taxes yet!

Whoa! Even if you’ve filed, you’re not done with taxes yet! Whether you’ve filed your taxes or not, you can’t quite put this tax season behind you because you have a few more tasks to complete. Calculate your average and effective tax rates. The average tax rate is the federal marginal rate plus your state rate (see the chart below). This is the tax that is applied to the last dollar you make. You use this to determine what you really made [...]

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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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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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