Tax time! That tedious time of year that inspires the champion procrastinator in so many of us, for so many reasons. For some of us, we dread the bill. (That cash looked so much better sitting in our savings
This blog post is part one of two about breaking the debt cycle. Stay tuned for part two next week.
Getting out of debt often feels like an uphill battle. One month, you receive a bonus at work that
In honor of Black History Month, we have rounded up some resources that our team members recommend. These sources provide education about the generational poverty cycle, gentrification, the racial wealth gap, Black-owned banks, and more! Books: The Short and
Have you ever thought about being a financial trainer? If so, we have some exciting news! We recently launched “The CFT School” which is The Financial Gym Advisors’s new Certified Financial Trainer licensing program. In this program,
Great question, Financial Friend! At the heart of your question is the concept of habit formation. Reward mechanisms can be a big motivator when we are working on creating new habits. In some cases we work the rewards into
Interest rates! What are they?
I like to explain interest rates as the cost or price of money in order to borrow it today. This directly relates to a concept called the time-value of money (TVM). TVM is the
After a long, pandemic-induced wedding drought, this year is shaping up to be the busiest yet. According to Yahoo, there will be an estimated 2.5 million weddings in 2022, which is the most the U.S. has seen since 1984.
The rules of the credit game are confusing, yes. But too many credit cards only hurt you in one instance.
There is a general fear of credit cards from most of our clients because most people think of credit
To pay extra on a student loan or not? That is the question. And, it’s a question we hear often considering that the average person in the U.S. owes $30,000 or more in student loan debt.
It may surprise
Great question! When we have so many competing priorities: rent, bills, retirement, student loans, credit card bills, and day to day discretionary spending, it can be hard to know what “living within your means” actually means. On the one
If you’re looking for a student loan payment that better fits within your budget, you may be faced with a confusing array of repayment plans. That alone can make you want to shut off your computer and avoid dealing
Are you stuck living in the paycheck-to-paycheck cycle? It’s time to build your emergency fund. An emergency fund is money you have set aside for the emergencies that inevitably come up. Your car breaks down, you lose your
The thing I love most about being a Certified Financial Trainer at The Financial Gym Advisors is that we take the WHOLE person into account. We know that none of our clients are going to just stop buying things.
The last thing anyone wants is for their stuff to go missing. But losing your wallet is a whole other level of annoying. Here’s your checklist of what to do if this happens to you and some things to
Have you ever felt like you’ll always be stuck in a negative money mindset? Do you always feel like there’s never enough money? If that’s the case, we hate to break it to you: you have a scarcity mindset.
During difficult financial times, student loan payments often get put on the back burner. By the time a borrower has their finances back under control, they may find that their student loans have gone into default. If this has
2022 is here! While making a resolution is not a requirement, many people feel that it is a good way to start off the new year, and financial resolutions are often among the most popular. You might be thinking…
<pA common New Year's resolution that many people embark on year after year is to eat healthier. It’s a tried and true resolution and one that feels good and attainable after the holiday season.
This year, we thought it
New year, new habits — at least that what many Americans strive for when declaring a new year’s resolution, especially after the year that 2021 was! Resetting the calendar can feel like the perfect time to wipe the slate
Money can help catapult you closer to larger life goals making rewarding milestones, like buying your first home or retiring early, a reality. On the flipside, the lack of money can also feel like a setback keeping those very
Here at The Financial Gym Advisors, we are all about making small changes that won’t impact your day-to-day life too much, but will impact your budget (for the better!). Many of these changes have positive effects outside of their
