Tag - Financial Wellness

Defusing the Legal Documents Bomb 2.0

Because this was one of our most popular blogs and because we know it’s a challenge for everyone, we decided to recycle this blog with a few changes. It’s time to get your A-team in action! There’s a family bomb out there and the procrastination fuse is burning. Almost every client we speak with says something to the effect of “Estate planning is on our to- do list. We really need to get it done”, or “My parents haven’t gotten [...]

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Downsizing Debt

The average household credit card debt has increased from $15,762 in 2015 to  $16,061 in 2016, according to the American Household Credit Card Debt Study by Nerd Wallet. Student loan debt increased from $48,172 to $49,042.  If you carry car loans, the average is $28,535. In total, the average American household has $132,529 of debt and the average rate on credit cards is 18.76%!!!!!!   That means the average household is paying $1,292 in credit card interest each year. That’s a really [...]

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The Ultimate in Adulting!

The Ultimate in Adulting There’s lots of buzz around the word “Adulting”.  For those of you who haven’t heard it before, the Urban Dictionary defines it as: “Adulting (v): to do grown up things and hold responsibilities such as a 9-5 job, a mortgage/rent, a car payment, or anything else that makes one think of grown-ups.” One of the most critical skills for adulting is knowing how to effectively manage your money. There are lots of reasons it’s a struggle for Millennials (and the rest [...]

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Tackling Death!

Life’s team has a really tough offensive player… …who has a great track record of ruining a team’s chance of winning the financial planning game. His name is Death! Sometimes he targets the quarterback, but he’s equally effective in ruining the game by taking out another team member. That means your team needs to evaluate strategies for being prepared no matter who is targeted. Knowing the consequences and being prepared, whether it’s you, a spouse, a partner, a former spouse, [...]

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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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You sure you got all your stuff done for taxes?

Said with an old time western drawl, “Whoa Pardner!  Don’t be in such a dang-fired hurry. You sure you got all your stuff done for taxes?” We know. You just want it done!  The deadline is looming.  But slow down just a minute as you fill in all those forms or gather the documents to send off to somebody else to complete. Even if you’ve already gotten your taxes submitted, take a few minutes to consider the following: Even AFTER you file, as [...]

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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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Are you willing to pay the cost of disorganization?

Here’s some more motivation to complete your January challenge of getting organized: Average late fee for a bill: $25 Extra interest on late credit card 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/missed extended credit card warranty: $100 Missed 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 and they equal [...]

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January Challenge: Organize Your Paper & Cloud Files

One of the top resolutions for many people each year seems to be “getting organized” and that generally includes paperwork!  There are lots of reasons as to why you should do it this year and cross that resolution off your list! The Goal:   Implement and follow a paperwork management system that includes an organized and secure cloud folder. The Benefits: Save time and frustration when working on other tasks this year. How can you expect to put a net worth statement together or [...]

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