Winning Plans. Planning Wins

Starting the year with a financial plan is always a sound decision. The two most important aspects of this plan are; the money you save and the money you spend. You can create a money management plan that works for you and is simple too! Do you currently have a savings account with an active balance? Do you have a savings account or a bank account at all? If not, no worries! This savings plan is simple and can be done as often as you choose! More importantly no bank account in needed! Here’s how it goes: 1. Find an envelope, any size and any color. 2. Write on that envelope “Savings 2017” or any other inspirational title for yourself. 3. Now for everyday of the year, put away that number of dollars. For example, on January 1st, we would have put away $1. Then on January 2nd we would

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Spending Plan

The second important aspect to money management this year will be understanding how you spend money. So many times we just “swipe the card” or “pay in cash” and are unaware of the amount of money we are actually losing out on. Having an idea of where exactly your money goes will help you to determine if the purchases are necessary or not, and also help you to save more money in the future. Setting up a budget can be done in different ways. You can 1. Look at previous bank statements to determine where your money has gone, or you can 2. Look at a month ahead and determine where your money is going. For this newsletter, we’ll show you how to do option 2. Step 1. Create a list of monthly expenditures. The most common are rent/housing, utilities, food, gas, and entertainment. Think of all the things you spend your

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Family Matters

As we embark on a new year, and a new journey; it is more important now than ever to strengthen our families. We all could have better relationships with our parents, our children, siblings and other relatives. It takes a consistent daily effort to build stronger relationships. The biggest problem that exist is communication. The way we talk to one another, or don’t talk to one another contributes to the types of relationships we have. Here are some tips on fostering better communication in our families. 1. Listen to Understand, not reply. Often times in a heated debate, we will listen not with our ears but with our mouths. We listen for keep points, waiting to rebuttal them. However, this is not the best way to start communication. Listen to what the other person is saying. Take into consideration their tone of voice and emotion. Are they angry? Sad? Happy? What words

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