Personal Financial Coaching

So the Current administration is grappling with the financial quagmire of rampant inflation…highest inflation in the past FOURTY (40) years. I went to get my car washed and vacuumed yesterday. I normally drive thru and don’t dry at all or do it myself and vacuum myself. But you know, it’s winter time. It’s normally 12-13 dollars. Yesterday it was $24, not including the tip for the kids wiping the car down. Now that’s inflation!

Be careful when ANYONE offers something for free…including the government. Those checks we got during the pandemic worked, but worked too good…now we lose that money due to higher prices.

So what must one do to make it in inflationary times:

1. De-clutter and sell some stuff you never use
2. Start a budget to see where your money is going. EveryDollar is a free budget program on-line. Takes some effort but stick with it. I find it takes about three months to develop a really tight plan.
3. If you don’t have savings, budget to build up a savings account of at least $1000-1500. Sixty percent of America can’t fund an $800 emergency….and they will happen.
4. Exchange your credit card for a debit card. (You May pay the bill when due, but doesn’t matter). Studies show that we spend 12-13 percent more using a credit card.
5. Consider a part-time or second job, but be careful to limit the time devoted to this so as to not be there for your family or church activities/services.

I have many other ideas as well…this is the value of a financial coach, plus having someone to hold you gently accountable to actually achieve you own financial goals. If you would like to meet to discuss your goals or situation, I have limited time, but leave a message on my voicemail. (757-535-1440)

A new year and possibly new goals/(resolutions)!

Are you drowning in debt and don’t realize it?
Are you looking to retirement, but aren’t ready financially, or don’t know if you’re ready?

Inflation is here my friends! The next year or so or years (who knows) could be tough on us all, particularly if we have a fixed income.

I just read that the average new car payment is $636.00 (Edmonds)
And the Vera’s term is 70 months, almost 6 years. As an aside, the highest ranking model is the Lexus RX (I happen to own one but mine is a 2015 paid for with cash)

If you need a guide to get you onto the right road, financially contact me now. I have a few openings for my coaching practice! If you keep on doin’ what you’ve been doin’, you’ll keep on gettin’ what you already got.

PS…I’m associated with the Dave Ramsey coaching team!

“If u keep on doin’, what u already done, u’ll keep on gettin’
What u already got.” Change comes hard, that’s why you need a coach to help you achieve your financial dreams. There is hope!