On this International Women's Day, I celebrate women of all ages who are working hard to create economic stability and prosperity for themselves, their families and their communities.
We all know that our kids are watching us and that we are modeling behavior whether we like it or not! Spending time working on our own financial health can provide an excellent opportunity to teach healthy financial behavior to our kids.
At first it may seem complicated, but if you spend time studying the items on your pay statement, you will be better informed about your income, your deductions and your taxes. You can compare your own calculations to the IRS withholding calculator and feel empowered to take charge of your pay stub!
When I meet or talk on the phone with someone who is experiencing a financial crisis, such as the loss of a job or spiraling debt, I try to bring the focus toward immediate next steps that can help bring relief. It is not until after this crisis is addressed that we can move on to bigger picture goals. The first thing to do is to recognize that you are not alone in your experience and that there are steps you can take to make things better day by day.
While good deals can be great, my recommendation is to remain mindful of what you really need before snapping up a bargain for a bargain’s sake.
Whether you are a student looking to apply for financial aid, an employee needing to update your benefits at work, a retiree wanting to switch your Medicare plan, or anyone needing to enroll in health insurance coverage through the Marketplace exchange, now is the time to gather your documents and your wits and tackle the task!