What I Learned Watching the NFL Playoffs

Last weekend, the final 4 teams left in the NFL playoffs squared off to see who would make it to the Super Bowl.  This year, it’s the New England Patriots vs. New York Giants playing in the season’s final game.  2 teams, 1 trophy……….I can’t wait.  I’m almost as excited about the commercials as I am the game.  My favorite team was eliminated, so there won’t be a championship parade for me to attend this year.  That made me think.  The NFL has 32 teams.  Only 1 wins the Super Bowl.  Only 1 is considered “successful”.  The other 31???  They all failed to meet their goals and have to wait another year to try to reach them. Continue reading

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Posted in Communicator, Financial Planning | Tagged , , , , , | Leave a comment

Are You Paying Too Much On Your Phone Bill?

We often review people’s budgets  to help them find savings and one area that I consistently find people spending more than they probably need to is on their phone bill. The average landline bill is probably only about $20 but most people also have a cell phone bill that averages about $50 per month. As people switch to smartphones with more expensive data plans, that cell bill will only increase. The average smartphone user now spends over $100 per month. Continue reading

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Posted in Money Saving Ideas, The Maverick | Tagged , , , , , | 1 Comment

The Basics of Income Taxes

Every year around this time we at Financial Finesse see an increase in demand for our Tax Basics workshop.  The thing about our Tax Basics workshop is that it is exactly what it says it is—basic.  We don’t discuss tax theory.  We don’t attempt to understand the alternative minimum tax.  Instead we focus on the tax concepts that affect the majority of taxpayers across the U.S.  Understanding things like tax credits, exemptions, and deductions is critical to making sure you don’t end up on an H&R Block commercial finding out that you “voluntarily” let the government have over $8,000 because you didn’t know the tax benefits of education (in case you are interested, see IRS publication 970, Tax Benefits for Education). Continue reading

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Posted in Rebel | Tagged , , , , , | Leave a comment

Re-Evaluating Your HSA for Your Workforce

Last week’s mail started the avalanche of end of year statements and one of the first to arrive was my HSA statement.  I am lucky to be in pretty good health so I don’t mind having a high-deductible health plan. As a result, I also get to watch my HSA continue to build up year after year so this is one statement I usually look forward to opening. Continue reading

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Posted in Employee Benefits, H.R. Guru | Tagged , , , , , | Leave a comment

Spin Out in the Snow – Should Have Taken the Extra Rental Car Insurance

We all have something of a teenager mentality in us, “It won’t happen to me.  I am invincible!” I suppose you have to have some attitude or you’d never leave the house.  I did leave my house yesterday in a snow storm because my husband and I had tickets to a film showing at the Sundance Film Festival.  We specifically chose a film at the Sundance Resort for Saturday rather than a film in the town of Park City because we wanted to experience the ambiance of founder Robert Redford’s Sundance Resort viewing room.  This meant a 40 mile drive down Provo Canyon in a snow storm. Continue reading

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Posted in Financial Planning, Money Diva | Tagged , , , , , | Leave a comment

Investing Lessons From Mitt Romney and the Italian Cruise Ship Tragedy

Within the last 24 hours, I watched a presidential debate and saw endless news footage of an Italian cruise ship sinking.  As a guy who lived on a boat for a few years, I couldn’t help but read everything I could find about the cruise ship, the captain, and the circumstances surrounding this tragedy.   As a political geek, I couldn’t help but watch yet another debate with an ever narrowing field of candidates.  My only regret this political season is that there are only debates for the Republicans.  During the last election cycle we had them for both parties, and for me that was a wonderful thing.  But, that’s not what I ‘m writing about today. Continue reading

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Posted in Basic Investing, Communicator | Tagged , , , , , | Leave a comment

When it Comes to Financial Advice, Follow the Money

As the election year begins, there’s a lot of concern about money in politics and how it can be used to corrupt politicians and buy votes. But politics isn’t the only profession in which money can be a problem. The same can be said for financial planning too. Continue reading

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Posted in Financial Planning, The Maverick | Tagged , , , , , | Leave a comment

Sparking the Interest of Retirement Readiness with Your Employees

My favorite gift from this past Christmas has to be my new Kindle Fire.  I would have never bought one for myself, however, because I swore that the reading experience from turning the pages of an actual book could not be duplicated.  But now, I am a Kindle convert.  Not only because it gives the look and feel of a real page in a book; I now have access to hundreds of books for FREE in the Amazon bookstore.  Continue reading

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Posted in H.R. Guru, Workplace Financial Education | Tagged , , , , , | Leave a comment

Is Love Draining Your Money?

This is an extreme example. I’ll say that right up front but there are lessons here we can all take away.  Yesterday, I took a call to our financial helpline from a caller who was having trouble making ends meet.  She said that she made good money but was always scrambling at the end of the month to get her bills paid.  As I always do, I started asking her questions not only to get to the root of the problem but to tap into her strengths.  Building on people’s strengths is a much better way to achieve real behavior change than to focus on only the problem and the obstacles.  Anyway, long story short, the root of the problem soon emerged. Continue reading

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