Author: 2018Marketing@finfit.com

Different types of money stress and how to reduce it

Written by 2018Marketing@finfit.com on April 2, 2024. Posted in Spending & Budgeting.

Learn Login to MyFinFit FinFit Learn | Spending & Budgeting Different types of money stress and how to reduce it It’s hard to fix a problem without knowing what the cause is. There are many ways money can cause stress, but they often fall into three categories: A) Stress about not having enough to cover today Not being able to pay your bills on time Feeling overwhelmed by debt B) Stress about not being prepared for the future Worry...

How to avoid the minimum repayment trap

Written by 2018Marketing@finfit.com on April 2, 2024. Posted in Credit & Borrowing.

Learn Login to MyFinFit FinFit Learn | Credit & Borrowing How to avoid the minimum repayment trap Carrying a large credit card balance is nobody’s idea of fun. With interest rates (APR) hovering at 20% – and often higher for subprime borrowers – maintaining a credit card balance can add up to thousands of dollars in interest over time. The good news is that you can save yourself lots of time and money by learning one key move that will help...

How to guard against lifestyle creep

Written by 2018Marketing@finfit.com on April 2, 2024. Posted in Spending & Budgeting.

Learn Login to MyFinFit FinFit Learn | Spending & Budgeting How to guard against lifestyle creep ‘Lifestyle creep’ describes the tendency we all have to spend more as we earn more. Of course, a level of lifestyle inflation is inevitable and quite natural – most of us don’t live as frugally as we did when we were students, or starting out in our first job. But if unchecked this can create the unwelcome situation where although we earn...

How to make your work bonus work hard

Written by 2018Marketing@finfit.com on April 1, 2024. Posted in Spending & Budgeting.

Learn Login to MyFinFit FinFit Learn | Spending & Budgeting How to make your work bonus work hard You’ve worked hard for your bonus, now let’s let it work hard for you! Below we look at a handful of options for spending or saving your hard earned money… Chip away at debt It might not give you the same feeling as spending it on something nice, but using some or all of your bonus to clear a chunk of debt might make it go...

Tips for teaching your kids about money

Written by 2018Marketing@finfit.com on April 1, 2024. Posted in Family, Home & Lifestyle.

Learn Login to MyFinFit FinFit Learn | Family, Home & Lifestyle Tips for teaching your kids about money How we view money – in the form of our financial beliefs and behaviors – is largely influenced by what we learn from our parents and those around us while we’re a child. To help you raise money-savvy children, we’ve come up with five easy tips that you can introduce to your children while they’re young to help them understand...

How to pay down debt as fast as possible

Written by 2018Marketing@finfit.com on March 27, 2024. Posted in Credit & Borrowing.

Learn Login to MyFinFit FinFit Learn | Credit & Borrowing How to pay down debt as fast as possible Whatever the reason for ending up in debt in the first place, whether it’s unexpected bills, medical issues, job loss, or even just overspending, many of us struggle to know how to pay it back in the best way possible. For many, this amount can be in the tens of thousands. It can feel overwhelming or impossible to take back control,...

20 good-to-know terms for your debt management journey

Written by 2018Marketing@finfit.com on March 27, 2024. Posted in Credit & Borrowing.

Learn Login to MyFinFit FinFit Learn | Credit & Borrowing 20 good-to-know terms for your debt management journey When working towards accomplishing your financial goals, there are some common terms you’ll see pop up a lot and understanding them can help you make the best decisions for your unique financial situation. This glossary of personal finance terms focuses on 20 words and phrases related to debt management and is meant to...

First-time investing – here’s what you need to know

Written by 2018Marketing@finfit.com on March 27, 2024. Posted in Saving, Investing & Retirement.

Learn Login to MyFinFit FinFit Learn | Saving, Investing & Retirement First-time investing – here’s what you need to know Embarking on an investment journey marks a pivotal step towards securing your financial future. Whether you’re eyeing a traditional savings account or diving into the realms of stocks and shares, understanding your options is crucial. For tailored advice that aligns with your goals, consulting a...

How to create (and stick to) a spending plan when money is tight

Written by 2018Marketing@finfit.com on March 27, 2024. Posted in Spending & Budgeting.

Learn Login to MyFinFit FinFit Learn | Spending & Budgeting How to create (and stick to) a spending plan when money is tight In today’s financial climate, adapting to economic shifts is crucial. The 50/30/20 rule, recommended for its straightforwardness, suggests dividing your take-home pay into 50% for necessities, 30% for desires, and 20% for future financial growth. Yet, in times of economic squeeze or income fluctuation, this strategy...

How to support family members in financial need

Written by 2018Marketing@finfit.com on March 27, 2024. Posted in Family, Home & Lifestyle.

Learn Login to MyFinFit FinFit Learn | Family, Home & Lifestyle How to support family members in financial need In the years since the global pandemic, financial landscapes have shifted dramatically for many Americans. With over half reporting financial struggles due to escalating costs, the need for support has never been more pronounced. For those considering aiding a family member or friend through a rough patch, integrating...