The Financially Free Blog

The Financial Gym Team The Financial Gym Team

5 Tips to Getting Your SO On Board with Your Financially Fit Journey

You’ve finally had enough of being broke and overspending and are ready to get financially fit. There’s just one problem. Bae isn’t on board. Let’s be real, getting financially fit requires some changes and when you must do things differently, not everyone in life will be as thrilled about it as you. But your relationship can have a huge impact on your journey so how do you get your SO on board? Here are five tips for getting your significant other on board with your financially fit journey.

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5 Ways to Get the Most Out of A Money Windfall

Whether you’ve just found out Grandma Betty died and left you a sum of money, or you got a huge bonus or miraculously won the lotto, you’re probably wondering one thing: What’s the best way to use your newfound wealth? There are no shortage of ways to spend money but without having a plan, you can easily stick to where you’re at or be more worse off than you were before the windfall.

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How to Help Your Elderly Parents

Let’s face it, you’re not getting any younger. And neither are your parents. At this point, they’re getting up there and you’re starting to worry about their finances and security. What will happen to them? What do you need to do to make sure they have a plan in place for their finances? It can be tough to think about but taking action now and having a conversation now can help everyone. Here’s how to help your elderly parents to get their finances and care in order.

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The Difference between a Savings and a CD Account

When you’re ready to get fit, you start working out, trying to find the best equipment that gets you the most bang for your buck. What will really get you looking like J. Lo who seems to defy age? Similarly, when it’s time to get financially fit you want to find the right tools to help grow your assets and that starts with saving. There are two different tools that can help you stash your cash: savings accounts and CD accounts. Read on to learn more about these two options and decide what is best for you.

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A Financial Gym Client A Financial Gym Client

What My Quarterly Weigh-In Was Like

Our client Keeley shares about her initial fears for her first quarterly review and what she’s accomplished in her first 3 months as a client at The Gym. She’s upped her emergency fund and also budgets for fun money since we want you to keep living your best life! Great job Keeley!

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A Financial Gym Client A Financial Gym Client

What My Plan Session Was Like

What’s it like to receive your financial plan? FinGym client Ruth Joseph explains how she tackled her plan’s “to-do” list!

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How an Accountability Buddy Can Transform Your Finances

It’s almost the new year and you’re ready to get your finances in check. You’ve tried before but you tell yourself this time will be different. Sound familiar? Many of us have goals to improve our finances but fall short for a number of reasons. But there’s a secret weapon that can transform the process: getting an accountability partner.

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A Financial Gym Client A Financial Gym Client

What My Financially Naked Session Was Like

I was huffing and puffing on the stationary bike in the workout room of my Southern Utah home where my boyfriend and I live with our two dogs. I looked at the incoming call from New York with some amount of trepidation - "I am struggling to remain physically fit,” I thought to myself, "why am I adding the massive challenge of becoming financially fit to my plate?" The holidays were winding down and I was guilty of overindulging not only on food, but also spending too much on more than one occasion - I connected to the video chat anyway. 

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A Financial Gym Client A Financial Gym Client

What My First Warm-Up Call Was Like

FinGym client Jessica Weeks opens up about how she felt about her WarmUp call and what she has accomplished in the 3 months that she’s been a client of Tai’s.

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Top 5 Things You Need to Know About Filing For a Tax Extension

The tax deadline is approaching and panic is starting to set in. You feel like there’s no way you can get everything together to submit in time, so what can you do? The good news is you can file a tax extension. While that might seem like the easy way out, there are some important things to know first. Here are the top five things you should know and how to file for a tax extension.

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5 Ways to Use Your Tax Refund Wisely

After all the talk about Trump tax reform, you were worried about tax time. Will you owe? Or will you get a refund? But you got a tax refund! Phew. Getting back a chunk of change can be a relief and also cause for celebration. But before you start popping off the bubbly, think about how you can get the most out of your tax refund. We got you covered. Here are five ways you can use your tax refund wisely.

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Do I have to report cash and side hustle income on my tax return?

If you’re a side hustler, but also have a 9 to 5 job, you might wonder how all of this will affect your taxes. You’re familiar with the W-2 life, but what about all of your side hustle income? Do you have to report it? Read on to learn more about what you need to know about side hustles and taxes.

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A Financial Gym Client A Financial Gym Client

My "Gym-Fueled" Life Changes

Client and Warm Up Call Associate, Rebekkah, has paid off $14K in credit card debt, funded her emergency savings, increased her credit score by 50 points and even funded a two-week European vacation. Learn how she overcame her money fears and to accomplish all of this and more.

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5 Women to Know In the Personal Finance Space

You know at The Financial Gym we’re all about supporting women. As a female-founded company, we love supporting other women trailblazers, especially in the personal finance space. That’s why for Women’s History Month and International Women's Day we’ve rounded up our favorite top five ladies in personal finance.

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4 Reasons to Enjoy the FinGym Webinars

Let’s be honest, webinars have a bad rap. If you’re anything like I am then you know the drill - log in, tune out. My experience with the Financial Gym webinars has been different. These one-hour sessions are packed with information and make it easy to get the most out of the brain power behind The Gym.

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How the Financial Gym Helped Change the Way I View My Finances

I saw an ad on Facebook, and I was immediately intrigued about having a financial advisor that’s more like a gym trainer. My first thought was automatically “Oh, there’s no way I could afford something like that”. But did that stop me from signing up for a free warm up call and finding out all the information I could? No, it did not. I was immediately hooked after that first call and especially after I found out that I could afford the monthly membership fee.

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Student Loan Debt Consolidation vs. Refinancing

Whether you should consolidate or refinance is a personal decision. If your main goal is to save money, refinancing can help. If you want to simplify your payments, consolidating can be a good option. Like any loan-related decisions, you want to read the fine print, know your interest rate, repayment term and monthly payment. Think of the short-term and long-term benefits, weighing the pros and cons to come to a decision that works for you.

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A Financial Gym Client A Financial Gym Client

How Saving Less Helped Me Surpass My Emergency Fund Goal

As far as I was concerned, saving almost half my monthly income was the way to go. It worked on paper, and made logical sense, but it didn’t fit in with the full picture of what I was trying to accomplish, which I didn’t see until Crystal laid it out for me. She suggested that I reduce my monthly emergency fund contributions by $166 so I could have more flexibility with the rest of my budget.

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What to Declare on a W-4 If You're Single

Whether you’re just starting a new job or want to change your tax situation, there’s one form that is inevitable for employees to fill out. The W-4. This is where you put down your tax withholding which states how much should be taken out of your check and this is what will determine if you get a refund or not. If you’re single and not filing jointly and don’t have kids to worry about, you might wonder what is the right thing to put down. Read on for more guidance. Please note we’re not tax specialists so this is general guidance and anything specific should be discussed with a tax specialist.

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