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!). Below is a list of six things that we think
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 job,
With fixed mortgage rates at their highest level in decades, adjustable-rate mortgages (ARMs) are making a comeback. While an adjustable-rate mortgage can save you money in the short term, they come with a lot of uncertainty and can cost
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.
Living within your means is the first
If you are hoping to travel in 2023, you are in good company: the U.S. Travel Association is forecasting that Americans will be taking more trips and spending more on them than in 2022. But amazing adventures to sip
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 flip side, the lack of money can also feel like a setback keeping those
With the new year and new goals on the horizon, we thought it would be a good idea to share six roadblocks you may hit while taking action on your finances.
In order to motivate yourself to change ingrained
January is a popular time to work on new goals, including financial goals. But after the shine and excitement of setting a new goal wears off, it’s hard to stay on track: studies show that most people abandon their
Without fail, the turn of the New Year gives many of us this burst of “you can do it” energy. It’s almost like a new car smell or the gleam of light breaking off the horizon in the wee
The one-on-one monthly accountability membership at Financial Gym Advisors connects you with a Certified Financial Trainer ®, also known as your B.F.F. (Best Financial Friend). Your financial trainer has one job: to help you achieve your financial goals.
Here’s
So much of our day-to-day lives are made up of habits: small actions we perform frequently without much thought—checking our phones when we first wake up, brushing our teeth, or crashing on the couch after work, for example. These
On one hand, managing money is just math: how much comes in, how much goes out, and how much gets set aside. On the other hand, it has nothing to do with math and everything to do with emotion.
Transitioning from the end of one year into the next is the ideal time to start planning. You can look at the year holistically and identify any financial conflicts or opportunities early on. Either way, you’ll be more prepared
If you are in a rush to embody your “New Year, New You” self, you’re missing out on one of the most important steps of goal-setting: reflection. Reflection allows you to step outside of the day-to-day grind and derive
One of our DC-based Financial Trainers, Mike, explains why you may not want to consider debt settlement right away, even though it may seem like a tempting offer to alleviate some of the stress of paying back your debt.
<pLast holiday season we noticed a new trend of current FinGym clients purchasing gift memberships for loved ones, and particularly for their parents. The reasons varied. Sometimes it was to help their parents plan for retirement, or to give
We give a lot of our time, energy and money to the holiday season so it’s more important than ever to also practice self-care.
When you’re burned-out or stressed, the immediate feeling of it can be hard to
The holiday season is expensive: consumers in the U.S. spend about $1,000 annually on Christmas each year. With the added costs of inflation this year, budget-conscious shoppers will have an even greater challenge than usual. Fortunately, there are ways
You may be familiar with the phrase, “living paycheck-to-paycheck” — it might even resonate with your current financial situation. If you’d put yourself under this category, you’re not alone. According to a 2017 CareerBuilder survey, 78% of U.S. workers
It’s easy to get carried away during the holidays. Spending during this time of year is normalized and there is pressure to make it special at any cost. Looking out for these spending traps will help you avoid a
Many people open their first bank account as a kid wherever their parents bank and never make a change. But the banking industry itself has changed a lot since most of us were kids and sticking with the same
