Tag Archive for financial plan

Time to Develop Your Money and Your Life

January 11, 2021 John Uncategorized No comments

We tend to obsess over money, Often at the expense of important parts of our overall life. 

Here’s a GenuLines look at tying it all together to lessen the stress in your life. 
 
 
Time to Develop Your Money and Your Life
Some of the biggest stressors for families are financial challenges. When your financial house is in order, then the rest of your life falls into place with less hassle.
 
For most of us, financial planning was not a part of our high school or college curriculum. Ditto for balancing a checkbook or concentrating on 401k or emergency expenditures.
 
No balance in your financial issues can mean no balance in other life areas, too. Unfortunately, money controls much of our thought patterns, time, and worries.
 

Figure Out Your Spending Habits

money planningLearn about your financial patterns before talking about money with your partner.
You can make improvements in your spending habits.
 
And you can do that whether you’re frugal or a spendthrift.
 

 

The Spendthrift

If you have no knowledge of where money comes from or how to manage it, you’ll find that money will manage you. Spending more than you earn is never a good scenario.
 
Sit down with your finances. Figure out what’s coming in, what’s going out. and keep the difference for yourself as spendable income.
 
It’s really that simple.
 
Living above your means is something that you do not want to do, ever. Living above your means is never a win/win situation.
 

The Frugal Financier

If you hate to part with pennies and dimes you’ll have strained money dealings with most everyone. No one is going to put up with someone who’s being a tightwad, even for fun.
 

Get Together with Your Financial Partner

It’s very important to get together with your financial partner. Put your differences to work for you instead of against you.
 
Let’s say you are frugal and your partner is a spendthrift. Come up with great and innovative ways to meet somewhere in the middle.
 
Compromise is an important part of a relationship. And what better way to incorporate that tool than to use it in your financial life.
 
JohnK 1-11-2021
 
stick man hears about moneyOverheard: “It’s amazing how fast later comes when you buy now”
                                      ~Milton Berle
 
 
 
 
Article image by rupixen.com on Unsplash
 
disclaimer for talking money
 

Money and Mindfulness on The Next Chi For Yourself

April 24, 2019 John Uncategorized No comments

Is it possible to be a conscientious citizen of the world and save more money? Our next scheduled Chi For Yourself guest says yes you can.

Jonathan K DeYoe is a Buddhist and a financial planner. He’ll talk about a unique financial plan that’s guided by your deepest beliefs, and how to save, invest, pay off debt, and fund your retirement and dreams by building a lifetime income stream. 

man who talks about money

      Jonathan K. DeYoe

 

Jonathan K. DeYoe is the author of Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend.

Join us on Thursday,  April 25th at 4 pm Eastern, 1 pm Pacific time at chiforyourself.com

 

JohnK 4-24-2019

chiforyourself.com home

 

 

 

Do You Have A Financial Safety Net? (And How To Build One)

October 16, 2018 John Uncategorized No comments
Movement in the financial markets lately can make you seasick! If you manage your own finances as I do the market ups and downs will make you wonder if you should make changes or stand pat. 
 
The GenuLines post below offers some ideas on getting your financial house in order. Read it and “reap”
 
 
financial remedy
 
 
 

Do You Have A Financial Safety Net? (And How To Build One)

 
Do you have a financial safety net? It’s something worth thinking about and setting up.
If not, now is the time to get started.
 
You can begin by putting away three to six months of living expenses.
 
Keep this money in an interest-bearing account. Know what your family needs to live on in the event your income stops.
 
Then start saving as much money as you can until you have built up this safety net.
You can shave your spending, too.
Do More With Less
Do a little less eating out. Think twice about buying the newest TV and tech gadgets.
 
To make the process go faster add any bonuses, tax refunds, etc.
 
But don’t stop there. Make it your goal to add to your cushion as often as possible.
 
Then come back and revise your numbers from time to time.
 
Your living expenses may go up or down over time. You can quickly adjust the amount you need in readily accessible cash.
Protection
Life and disability insurance are two more important parts of your financial strategy. Do you have a plan in place to continue to cover your living expenses (or those of your family) if you can no longer work?
 
Call your insurance agent and go over your current coverage. Make sure the insurance you’re paying for will pay out what you need and if not, make adjustments.
 
Now you have two legs of your plan firmly in place. Next, think about investing any additional savings in higher interest-bearing accounts.
 
Do your best to forget about accessing any of this money in the near term. Think about how handy it will be to have it when you’re dealing with an emergency.
 
Or, when you’re ready to retire.
 
And, don’t let your money sit in a bank or, worse yet, in a drawer in your house. There are lots of investment vehicles that will get you a much better return than a savings account.
 
Talk to your financial adviser. You’ll come up with a plan that’s right for you, your family, and whatever the future may hold. 
 
JohnK 10-16-2018
 
 
 
 
 
man talks financialOverheard: No wealth can ever make a bad man at peace with himself” 
                                  ~Plato
 
 
 
 
 
 
 
 
disclaimer for financial