Financial Wellness @ Work

Shave Your Budget, Not Your Moustache

A recent Wells Fargo study found that 31% of survey respondents do not think they will have enough money to “survive” on in retirement, yet more than half say they plan to save later for retirement in order to “make up for not saving enough now.” If we have learned anything from Aesop’s fable regarding the ant and the grasshopper, it’s that waiting until later is NOT a good strategy. This is especially true when it comes to saving for retirement. Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

Think Long Term For The Holidays

So the weather is cooling down and immediately we start thinking about all of the yummy holiday food and spending time with our loved ones. After we start basking in the glow of chocolate chip cookies and family, it slowly starts to sink in that this time of the year is expensive. Between traveling, Thanksgiving Day meals, and presents, you and your wallet are exhausted by New Year’s. So what is a gift-giving person to do? Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

The Season of Generosity

One of my favorite pre-holiday meetings involves gathering the kids together to discuss our holiday plans. In our household, it’s inevitable that kids will find that perfect moment of cute childhood brilliance to break out their Christmas wish list at a moment when they are polite and well-behaved. In the spirit of giving to others, my wife and I encourage them to also create a wish list for things they would like to give to others in need. Before you start donating online or breaking out those checkbooks, let’s review the basics of why, when, who and how. Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

A 5k Vacation

One of my favorite commercials is from Mastercard with all the kids begging their parents to “take one more day” of their unused vacation and they present Mom and Dad some pretty compelling reasons why taking at least one more day is priceless.  For those that do decide to take a family vacation, there IS a price, and it’s usually not cheap.  In fact, a recent Forbes article puts the average cost for a family of four at almost $5k after tallying up the cost of airfare, hotel, food, and taxes.  Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

Is Bigger Better?

JLo and I have something in common regarding our rear ends – our recent car accidents, that is. We both walked away unhurt and with minimal damage to our SUVs after being rear-ended at a stoplight. Not so lucky was the  young driver of the Honda Civic who hit me from behind since his entire front end was crushed like an accordion.  JLo’s accident was due to a drunk driver so he is probably even more unlucky. Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

Should You Have an Anti-Budget?

A friend of mine recently sent me this blog post called “How the Anti-Budget Can Save Your Wallet.” The basic premise is that a traditional budget isn’t realistic for most people because they just don’t stick to it and it isn’t even necessary to have one. Instead, it suggests simply setting aside your savings first (at least 20% of your income) and just spending the rest without having to categorize each of your expenses. Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

Repair or Replace?

After being towed to the auto repair shop, my stepson got the bad news last week that his beloved 2005 sporty Monte Carlo needs a new transmission.  He can pay $2,600 for a new one or $1,800 for a rebuilt transmission, but either way, the cost of the repair is almost what the car is worth, according to Kelly Blue Book.  No matter how much he loves his car, he’s come to the realization that it doesn’t make sense to dump any more money into a clunker car with over 160,000 miles.  He’s seen a lot of good times in the Monte Carlo, but now as a new dad of a toddler, having a two-door sports car has become a drag.  Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

iMistake?

I read this article about Apple selling 10 Million iPhone 6′s on the first week of sales and it made me think about the number of people I see in coaching sessions who have the newest version of cool technology.  Having the latest iPhone or Galaxy or iPad or whatever the technology might be is seen as being on the leading edge.  There’s a bit of a “cool factor” involved.   Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

Teetotal Up Your Savings By Dropping Your Drinking

With football season in full swing, my husband stocks up on his favorite Yuengling beer, the unofficial state drink in PA. A case costs around $18 and goes pretty quick with his two sons over to watch the game on Sundays. With 17 weeks in the season, that’s over $300 – which is a bit under what the average U.S. household spent on wine, beer, and other alcoholic beverages in 2013, according to the Bureau of Labor Statistics, as reported in a recent Reuters article.  That amounts to about 1% of the typical household expenditures but keep in mind that the average includes non-drinkers too so that means some households are spending WAY more than that already hefty amount on alcohol. Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr

Could a Sonic Boom Crack a Windshield?

I had to make a call to my insurance agent today to report a claim on my broken front windshield.  My explanation for the needed repair sounded almost as absurd as “the dog ate my homework,” but the only direct link I could make to my windshield cracking was that a sonic boom broke the glass. I had gone to watch the Blue Angels Navy flight squadron fly over the Baltimore Inner Harbor as part of this month’s Star Spangled Spectacular, which is celebrating the 200th birthday of the writing of the Star Spangled Banner lyrics by Francis Scott Key. The Navy jets are VERY loud and I had parked my car at Martin Airport to see the take-off and landing of the squadron.   Read more

Share it:
  • Facebook
  • Twitter
  • LinkedIn
  • StumbleUpon
  • Digg
  • Google Buzz
  • Yahoo! Buzz
  • Reddit
  • Posterous
  • email
  • Blogosphere
  • Live
  • Netvibes
  • Orkut
  • RSS
  • Technorati
  • Tumblr
css.php