5 Money Mistakes to Avoid
5 Goals to Save Towards Your Financial Plan
Feeling financially successful doesn’t come easy to everyone. According to Experian’s latest Personal Finance Survey, only 17% of respondents said they felt “very secure” about their finances. What’s even more troubling is 26% felt less financially secure compared to the previous year.
With so many factors playing into your financial health, feeling some unease about money is understandable. To help you stay on track with healthy financial planning habits, try to steer clear of these common money mistakes.
The Value of a Quarterly Review
When it comes to managing your money, you have a lot of different priorities. You need to pay your bills, focus on paying down your debt and think about the future. But there are also some goals you should be saving for consistently. Here are the top five goals you should focus on for your financial plan.
How to Save Your First $1,000 in Emergency Savings
Prior to joining The Financial Gym, my husband and I handled our money in a very basic way. We’d receive our income, check our calendar of bill due dates to what needed to be paid before the next pay period, pay those bills, and the rest went to whatever we needed. Simple, right? We’d plan on saving some of those remaining funds, but then one of our cars would need a repair, one of our pets would need an immediate vet visit, and just like that our savings would be wiped out. So much for our $1000 emergency fund!
5 Legit Side Hustles to Earn an Extra $200 a Month
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, etc. But if you have no savings getting to that first four-figures is tough. It can seem daunting even. If you’re just starting your savings journey, here’s how to save your first $1,000 for your emergency fund.
7 Last-Minute Weekend Summer Getaways
Have you ever felt like if you just made a couple hundred dollars more per month your life would be different? Your life would be better or easier and you could double down on your goals and stop stressing all the time? The good news is that you can earn $200+ per month with these five legit side hustles.
Message from the CEO: Summertime
Whether you’re satiating your wanderlust solo or traveling with the entire family, planning an elaborate summer vacation can take time. And since summer is officially upon us, you might feel like it’s too late to get a trip on the books.
But according to the latest data from Skyscanner, the best time to book a domestic flight is 30 days in advance, meaning you still have time to enjoy the best weekend getaways in the U.S. Here’s a list of last-minute travel ideas that’ll help you enjoy the summer sun this season.
5 Items You Should Automate ASAP
Until last year, we closed the Gym for one week in the summertime which was easier when we just had 400 clients and 8 full-time employees. This summer, we’re fast approaching 2,500 clients with 22 full-time employees so closing the Gym is no longer an option.
5 Ways to Celebrate the Fourth of July on the Cheap
There are countless money management tips online that may or may not work for you. Some are super hands-on with spreadsheets to help you manually track money going in and out of your checking account, while others are much more simpler.
If you find yourself too busy to get a handle on your budget, a “set it and forget it” approach might be a fit for you. One of the best ways to save money and reach your financial goals is by automating your finances.
Here are the five basic money areas to automate starting today.
5 Fave Cash Back Apps for Savings On-The-Go
Summer is here and the Fourth of July is just around the corner. It’s exciting to get a day off in the middle of the week and take some time to celebrate our freedom. The fourth of July can be a time of fun and festivities but if you’re not careful, it can add up quick. Here are some budget-friendly ideas for celebrating the Fourth of July on the cheap.
How to enjoy the summer on a budget
Although the act of clipping Sunday mailer coupons has a therapeutic quality to it, it’s no longer the most efficient way to cut costs at the register. And as more shoppers rely on their smartphone to help make life easier, consumers are leveraging cash back apps as a way to fast-track savings on everyday purchases.
The key to making this savings strategy work is ensuring you’re not buying more than you intended just to get cash back — in this scenario, you’re actually taking your savings in the opposite direction.
If you can use these apps wisely and already plan on making certain purchases, earning cash back on those transactions is a no-brainer. Here are today’s best cash back apps for busy, but frugal, shoppers.
7 Graduation Gifts for the New Grad In Your Life
As the summer season is in full effect, it’s time to enjoy and have some fun. Summer seems to pass by so fast, so you want to get the most out of it and live and love life. All of that fun can come at a cost, though. Luckily, there are ways you can enjoy the summer on a budget. Here are eight ways to have fun in the summer without breaking the bank.
5 Affordable Father's Day Gifts
Every May and June, graduates across the country leave their old college life behind to begin a new chapter of adulthood. It’s an exciting time full of lots of transitions. To congratulate the graduate in your life for all of their hard work, you want to get them something to commemorate the beginning of their new life. Here are seven graduation gifts to consider for the new grad in your life.
What Your FICO Score Is Made Up Of
Father’s day is around the corner. You know you want to get a gift for the dad in your life, whether biological or not, but don’t want to spend too much. What gifts can you give that show that you care but won’t cost you a pretty penny but also won’t look cheap? We’ve got you covered with these five affordable father’s day gifts.
Financial Literacy: Paying it Forward
As an adult, your credit score plays a huge role in your life. It can lead to better interest rates, can help you get approved for an apartment and mean the difference between getting a loan or not. The most common credit score is the FICO credit score. But what actually makes up your FICO credit score? Read on to learn more.
4 Ways to Change Your Money Mindset from Scarcity to Abundance
All of us have a financial story that is influenced by our childhood. That story can lead to overspending and mismanaging money — and if we're honest, it's tough to break. Financial Gym client, Rebecca, is working with us to ditch her spending habits after a childhood in poverty and learning how to keep the money she makes. Not only that, she's now paying it forward to others in her community. Read on to learn more.
6 Ways to Protect Your Privacy Online and Secure Your Financial Data
Have you ever felt like you’ll always be broke? 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. You focus on lack, rather than growth. Here’s the good news. You can switch up your money mindset! Is it easy? No. But it’s possible to make progress, so you can better your relationship with money. Here are four ways to shift your money mindset.
Understanding Your Employee Benefits
It seems like every month there’s news of a new data breach. The risk of identity theft and fraud are high. So what can you do to protect your privacy online and secure your financial data? Here are six tips for more personal information security.
6 Ways to Keep Your Summer Spending in Check
Whether you’re just starting out at a job or have been there a while, there’s one thing that you should know: your employee benefits. Your employee benefits add so much value to your compensation. But if you don’t understand your employee benefits, you might not get the most out of what they offer. Here’s a quick guide to understanding your benefits at work.
Investing 101: How to Start Investing
As the days get longer and the temperatures start to rise, you know summer is around the corner. Summertime is all about fun in the sun and enjoying life with friends and loved ones. And there’s no shortage of things to do either. There are music festivals everywhere you look, backyard BBQs, camping getaways, and happy hours on bustling patios. All of this fun can lead to good times but also wreck your budget. Before you let your finances go off the deep end, here’s how to keep your summer spending in check.
When you hear the word “investing”, what do you think of? You might instantly think of The Wolf of Wall Street or think of men in suits or terms that seem like another language. Let’s face it, everything about investing can seem confusing and like it is for “them” and not “us.” But here’s the thing. Investing is for everyone and is one of the few surefire ways to build wealth and beat the cost of inflation. But if you don’t know much about investing or how to get started, it can prevent you from taking action. No more excuses! Here’s your beginner’s guide on how to start investing.