What is Financial Counseling?

29 09 2016


Deposit More? How One Trip to the ATM Changed My Savings Habits

8 05 2016


Featured in AFCPEs The Standard Spring 2016 Newsletter

Choose your Financial Goals! Ready. Set. Go.

22 03 2013


Goals make the world go round.  They keep focus alive and hope that brings about change.  With regard to personal finance though – what are some of your goals?  Do you wish for job security?  Maybe having adequate insurance.  For some, a financial goal may include managing food costs.  Whatever dreams and aspirations you have around financial planning will include goals important to your life and situation.  Everyone’s goals will differ and each other and they are not better than someone else’s.  They vary depending on your stage in life – those folks closer towards retirement age may have a retirement or cost of housing goal versus someone graduating from college that wants to set aside money for savings.  Remember, goals are to awake our senses and keep us moving forward in an upward direction for achievement.

So, are you ready?  Track your top four financial goals here.  You’ll have a clearer mind as to what is important in your financial life at this very moment.  Remember, aspirations change so use this tracker throughout the year.

Have goals and move foward my friends.

Financial Literacy in College

7 09 2012

College students want financial literacy to be relatable.  Let’s make it fun for them to understand.


Statistics/Quotes: 06/20/2012

20 06 2012

Hope deferred makes your heart sick—Joel Osteen

When you choose to live your days with failure on your mind you will fail.  Let’s flip your way of thinking, shall we.  Replace your thoughts with the word “soon”. 

Soon my finances will improve; soon I will find employment; soon our debt will be paid off.

Maintaining a forward-thinking attitude is key to moving forward.

Tear down your Barriers to Saving and Cross the Bridge to your Financial Success

21 03 2012

Featured in Military.com’s Money Section, Military Saves’ Newsletter – March 2012 and FINRA Foundation’s Save and Invest

What barriers stand in your way when it comes to saving?  Everyone faces challenges at some point in time.  However, failure to overcome these obstacles may prevent and delay your financial success.

Postponing to save can be costly in the long-run.  The Thrift Savings Plan (TSP) states “the more years you have to save, the more effective it is. So the earlier you begin. . .and the longer you are able to leave the money in your account, the greater the opportunity you have to enjoy the benefits of compounding”.

You will see from the chart below that postponing saving two years yields a loss of $440.  It may not sound like much, but every little bit helps in the grand scheme of saving.  In fact, that’s the theme for Military Saves – “Start Small, Think Big”.


What are some obstacles when it comes to saving?

“No pain, no gain”

  • High expenses.  [You] “My bills make up my entire paycheck”. [Me] “Allocate money into savings from a portion of your entire paycheck”.  If you feel like your expenses overpower your income, review your expenses and decide which to cancel or minimize.  Remember, to live within your means but below your needs.  That means take home pay should always exceed monthly expenses.
  • Low Income.  [You] “If only I earned more, I could save more”.  [Me] “You can save money with the income you currently earn”.  The stigma associated with high-income earners saving more is false.  Truth: financial problems don’t discriminate. It affects all ages and social classes.  Statistics have shown modest income earners whom saved diligently have an extremely high net worth.
  • Lack of Time.  [You]  “I don’t have time to save”.  [Me] “Your time to save starts today”.  Set a day to review your current financial situation every month.  And each month forward set aside time again to conduct this review.  The fact is – you cannot afford to procrastinate.  As America Saves states “One of the most important things you can learn in life is how to save money.  It’s the first step to getting where you want to be. . . . once you start it gets easier and easier”.
  • Lack of Information.  [You] “Saving is hard, I don’t know where to find knowledgeable information about it”. [Me] “You’re in luck, there are plenty of resources for military and civilian alike”.  Your boots on ground for financial success is a click away.  Military Saves’ Resources and Save and Invest can point you in the right direction.

Lets turn your barriers into bridges!

“A penny saved is a penny earned”

  • Begin with a BudgetThe use of a budget helps identify money that enters your household and how the money will leave.  When your finances are written down it becomes increasingly clear as to where you stand financially per month and identifies areas where you can scale back spending and increase saving.  Action Plan Track your Spending.
  • Change your Thinking.  Stay motivated, push forward and choose to save.  Find your tribe – surround yourself with those people who share your financial goals.  Avoid keeping up with the Jones’.  Remain positive and stay on track with your saving goals.
  • Shed Debt.  See what Military One Source has to say about shedding debt.  Saving may not feel like an option when debt is lying heavily on your shoulders.  However, paying off debt will free up funds for depositing into a saving or retirement account.  Action PlanManage your Debt.
  • Programs Offer Help.  With tax time around the corner, Bonds Make it Easy points out how easy it is to purchase bonds from your tax return.  The Thrift Savings Plan (TSP) is another great resource for saving with expenses charged to each TSP account being approximately 25 cents per $1,000 of investment!

Excited about saving?  Track your progress with FINRAs Savings Calculator!  Your mission:  break down the stumbling blocks you face because the cost of waiting to save can be detrimental to your financial health.

The Great Recovery 2011

16 08 2011

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