5 Ways to Reset Your Finances After the Holidays

The holidays often bring joy and connection, but they can also leave us with financial stress. Now that the celebrations are over, it’s time to take control of your finances and start fresh. These five steps will help you reset your finances and set yourself up for success in the year ahead.

1. Review Your Holiday Spending Habits

Let’s get real—where did your money go during the holidays? Sit down and go through your transactions. Break them into categories like gifts, entertainment, travel, and all those extra Starbucks runs (it’s okay, we’ve all been there). Figuring out where you overspent can help you spot patterns and make smarter choices next year. 

Tip: Pick one thing to tweak for next year, like swapping a full-blown gift exchange for a Secret Santa or hosting a potluck instead of footing the whole holiday meal bill yourself.

2. Reevaluate Your Budget for the New Year

New year, new budget! Take a look at your current financial situation. Do you have holiday bills to tackle? Maybe some income or expense changes? Adjust your budget accordingly to reflect where you’re at now.  Starting the year with a fresh, realistic plan gives you a solid foundation for tackling those money goals. 

Tip: Add a “holiday recovery” line to your budget to keep tabs on paying off any lingering holiday debt. It’s like a progress bar for your wallet!

3. Prioritize High-Impact Financial Goals

Trying to do everything at once can feel overwhelming. Instead, pick one or two financial goals to prioritize this year. Maybe it’s building up your emergency fund, paying down credit card debt, or finally saving for that dream vacation.  Zeroing in on a couple of goals helps you stay focused and actually make progress. 

Tip: Keep your goals visible! Use a savings tracker, a countdown, or even sticky notes on your fridge to remind yourself why you’re doing this.

4. Declutter and Sell Unused Items

Ready to feel productive and bring in a little extra dough? Declutter your home and sell those items you never use. That barely-worn sweater? Those gadgets collecting dust? They could be someone else’s treasure—and your financial boost.  You’ll clear out your space and earn some quick cash to put toward debt or savings.

Tip: Promise yourself you’ll only use the money for your financial goals, not on impulse buys (no matter how tempting that coffee run seems).

5. Automate Good Financial Habits

Want to make this whole money thing less stressful? Automate it! Set up automatic transfers to savings accounts, schedule bill payments, and if possible, set recurring payments to chip away at debt.  Automation means you’re taking action without even thinking about it. Plus, it helps you avoid those pesky late fees!

Tip: Start a holiday savings account now and set up small, automatic monthly contributions. You’ll be amazed at how prepared you’ll feel when December rolls around again.

Wrapping It All Up

Getting back on track financially doesn’t have to be complicated. Review your holiday spending, refresh your budget, focus on a couple of big goals, declutter for extra cash, and automate the good habits. These steps are simple, effective, and totally doable—because you’ve got this!

Here’s to a fresh financial start this year! 🎉

3 Reasons Why a Financial Plan is Your Best New Year’s Resolution

As the new year begins, it’s the perfect time to commit to meaningful resolutions that can shape your future. While health and career goals are popular, don’t overlook the power of financial resolutions. By developing healthy financial habits, you can set the stage for a brighter, more secure year ahead. Here are three reasons why creating strong financial habits should top your New Year’s resolution list:

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1. Build a Strong Financial Foundation for the Year Ahead

January is the ideal time to lay the groundwork for long-term financial stability. Habits like creating a budget, saving consistently, and paying down debt set you up for success—not just for the year, but for decades to come.

The compounding effect of disciplined financial habits means small, consistent steps taken now will grow into significant rewards over time. Imagine looking back a year from now and seeing measurable progress toward your biggest financial goals.

Resolution Tip: Start the year by setting up a monthly budget that tracks your income and spending. There are so many tools to help set a monthly budget!

2. Create Financial Margin for Peace of Mind

One of the greatest gifts you can give yourself this year is financial margin—the gap between your income and expenses. This cushion not only helps you handle unexpected challenges but also reduces stress and provides the freedom to pursue opportunities without financial strain.

Yet, studies show that 72% of households lack a written financial plan, leaving them vulnerable to financial emergencies (Schwab). This year, resolve to be different. Cultivate habits that build your financial margin, like automating savings or cutting unnecessary expenses.

Resolution Tip: Set up an automatic transfer to your savings account each payday. Even starting with $25 can add up over time.

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3. Turn Your Goals Into Achievements

Every New Year’s resolution begins with a dream—but dreams require resources and a plan to become reality. Whether it’s traveling, buying a home, or retiring early, strong financial habits are the key to making your aspirations achievable.

Research shows that 83% of people who set financial goals feel better about their finances within a year (BusinessWire). By making financial goal-setting a resolution this year, you’re not just imagining a better future—you’re taking steps to create it.

Resolution Tip: Write down three financial goals for the year and break them into actionable steps, such as saving a specific amount or paying off a portion of debt.

Make This the Year You Embrace a Fully Funded Life

A New Year’s resolution isn’t just about making temporary changes—it’s about creating a sustainable plan for your future. With the Fully Funded Life Membership, you’ll gain the tools, guidance, and support you need to build strong financial habits like budgeting, saving, and setting clear goals. These aren’t just steps—they’re the foundation for a life of financial freedom and abundance.

This is your opportunity to move beyond resolutions and take meaningful action. Join a community that’s dedicated to helping you achieve the life you’ve always dreamed of—a Fully Funded Life.

Start Your Journey Today with Fully Funded Life!

Budgeting Hacks to Help You Take Control of Your Money in 2025

If you’re looking to start 2025 on the right financial foot, you’re not alone. Setting up a solid budget can help reduce stress, reach financial goals, and make room for some of the fun things in life. Here’s a guide to practical budgeting tips that will help you maximize your income, cut unnecessary expenses, and save for future goals.

1. Cancel Memberships and Subscriptions You Don’t Use

Do you really use all those streaming services, magazines, or gym memberships? It’s easy for subscriptions to add up, especially if you forget to cancel free trials or automatically renew services you no longer need. Go through your recent bank statements and check for recurring charges. If you find any memberships or subscriptions you’re not actively using, cancel them right away. This simple step could save you hundreds over the course of the year!

2. Pack Lunches and Skip the Takeout

Packing your lunch might sound like a small change, but it can have a big impact. Spending $10-15 each workday on takeout can add up quickly—around $200-300 a month! By planning and packing your lunches, you can eat healthier, save money, and even reduce food waste. Try meal-prepping on Sundays to make it even easier to grab a lunch during the week. This small habit could save you a couple of thousand dollars over the year, which can be redirected toward other goals.

3. Check Your Insurance Rates

One often-overlooked tip is to review your insurance policies annually. Insurance companies frequently update their rates, and if you haven’t checked yours in a while, you may be missing out on savings. Compare rates for car, home, and health insurance to make sure you’re getting the best deal. You can use online comparison tools or work with an insurance agent who can find you lower rates. This small step could reduce your monthly bills without compromising coverage.

4. Make a Monthly Budget & Track EVERY Expense

Budgeting can feel overwhelming, but it’s easier when you break it down monthly and track every expense. Create a monthly budget that includes all your fixed and variable expenses and set realistic limits for each category. Use an app or even a simple spreadsheet can help you track your spending. Make a habit of checking your budget weekly to see if you’re staying on track. Once you know exactly where your money goes, it’s easier to identify and cut unnecessary expenses.

5. Set Up Direct Deposits for Savings Goals

Saving up for big expenses—like a vacation, car repairs, or holiday gifts—is easier when you set aside money gradually. A great way to do this is to set up direct deposits into separate savings accounts designated for each goal. Many banks now offer the option to create sub-accounts, which you can name for each goal. By automatically depositing a small amount with each paycheck, you’ll build up funds over time without even noticing it. This "out of sight, out of mind" approach makes saving easy and keeps your goals on track.

Wrapping Up

Incorporating these five budgeting hacks into your financial routine can make a huge difference in reaching your goals for 2025. By cutting unnecessary expenses, finding cost-effective alternatives, and planning ahead, you’re setting yourself up for a more financially stable year. Start with one or two of these tips, and you’ll be well on your way to building healthy financial habits that last!

Starting Strong: The Ultimate Checklist for Your 2025 Financial Success

As we turn the page on a new year, there's no better time to refresh your financial mindset and set goals for lasting success. A fresh start in 2025 brings an opportunity to build on the lessons of the past while implementing new strategies that keep you moving toward financial freedom. Whether you're looking to get out of debt, grow your savings, or invest for your future, here’s your ultimate checklist to kickstart your financial success for the year ahead.

1. Reflect on the Past Year

• Start by reviewing your financial wins and challenges in 2024. Were there goals you didn’t quite hit, or expenses that crept up unexpectedly?

• Take note of areas you want to improve and celebrate any progress you made, no matter how small. This reflection will give you clarity as you set intentions for 2025.

2. Set SMART Financial Goals

• Make sure each goal you set is Specific, Measurable, Achievable, Relevant, and Time-bound (SMART). Instead of a vague “save more,” try “save $5,000 by year-end for emergencies.”

• Include short-term, and long-term goals that balance immediate needs with future aspirations.

3. Create a 2025 Budget that Aligns with Your Goals

• Draft a monthly budget that reflects your income, essential expenses, and savings targets. Budgeting doesn’t have to be restrictive—it’s about empowering yourself to make informed choices.

• Don’t forget to account for annual expenses like holiday gifts, insurance premiums, or upcoming vacations so that they don’t catch you off guard.

4. Build Your Emergency Fund

• An emergency fund is a non-negotiable pillar of financial security. Saving one month of expenses allows you to manage your finances with a monthly budget. 

• If you already have an emergency fund, consider increasing it to cover rising living costs or any potential new expenses.

5. Attack Your Debt with a Purpose

• Outline a strategy for tackling debt, whether it’s credit card balances, student loans, or car payments.

• Consider using tools like balance transfer offers or negotiating interest rates to speed up the process, but stay disciplined and stick to your payment plan.

6. Boost Your Savings with Automated Transfers

• Make saving easy by setting up automatic transfers to your savings and investment accounts. This helps make saving a habit and ensures you stay on track.

• If you’re not sure how much to set aside, start small and increase your savings rate over time.

7. Evaluate and Adjust Your Insurance Needs

• Review your current insurance coverage to ensure it aligns with your needs. Health, auto, home, life, and disability insurance are essential tools for protecting what you’ve worked hard for.

• Look for any gaps in coverage and consider if changes are needed due to life events, such as marriage, having children, or buying a home.

8. Invest with Confidence

• If you haven’t started investing, now is a great time to learn the basics and explore your options. Whether it’s a retirement account, stocks, or mutual funds, investing is key to growing your wealth.

• Don’t just dive in; take the time to understand your risk tolerance and long-term goals. Consulting with a financial advisor may help you design a portfolio that suits your needs.

9. Track and Adjust Monthly

• Financial success requires consistency and attention. Check in with your budget and goals each month to make sure you’re on track.

• Celebrate your progress, no matter how small, and adjust as needed to accommodate unexpected expenses or shifts in priorities.

10. Stay Educated and Engaged

• Make 2025 the year you commit to financial literacy. Books, podcasts, and online resources (like “I Was Broke. Now I’m Not.”) can keep you informed, inspired, and motivated.

• Join a community of like-minded people who can encourage you on your journey. Financial success is about building wealth and enjoying life, so seek out resources and communities that align with your values.

Starting 2025 with Confidence: Your Fully Funded Life Awaits

As you step into 2025, remember that financial success is a journey—and with the Fully Funded Life Membership, you don’t have to travel it alone. Setbacks may arise, but with a clear plan, expert guidance, and a supportive community, you’ll be equipped to navigate every twist and turn.

This is your year to make empowered, intentional financial choices that lead to freedom, security, and a life of abundance. With Fully Funded Life by your side, you’ll have the tools and confidence to turn 2025 into a year of transformation and success.

Start your Fully Funded Life today and make 2025 your best financial year yet!

8 Ways To Celebrate Financial Wins

Celebrating financial victories, no matter how small, is crucial for maintaining motivation and building a positive financial mindset. Whether you’ve paid off a debt, reached a savings milestone, or achieved a financial goal, acknowledging and celebrating your successes can reinforce good habits and inspire further progress. Here are eight ways to celebrate your financial wins and keep your momentum going.

1. Treat Yourself Responsibly
   Reward yourself with a thoughtful, budget-friendly treat when you achieve a financial milestone. Choose something that aligns with your values and won't derail your progress, such as a special meal or a small purchase. This positive reinforcement helps you enjoy the fruits of your hard work while maintaining financial discipline.

2. Share Your Success with Loved Ones
   Announce your financial achievement to family and friends who support your goals. Consider hosting a small gathering or virtual celebration to share your joy. By involving your support network, you enhance your sense of accomplishment and receive valuable encouragement to continue pursuing your financial goals.

3. Reflect on Your Progress
   Take time to document your financial journey and create a milestones chart to visualize your progress. Reflecting on your achievements helps you appreciate the effort you’ve put in and provides motivation for future goals. This practice also allows you to identify what worked well and areas for improvement.

4. Reinvest in Your Financial Future
   Use a portion of your financial win to boost your savings or investments. Reinvesting in your future not only solidifies your financial health but also helps accelerate progress toward long-term goals. Consider allocating funds to an emergency fund, retirement account, or other investment opportunities.

5. Give Back to the Community
   Celebrate your financial success by donating to a charity or volunteering your time. Giving back helps those in need and enhances your sense of fulfillment. It also reinforces the positive impact of your financial achievements and fosters a spirit of generosity.

6. Set a New Financial Challenge
   Build on your recent success by setting a new financial goal. Create a clear plan and timeline to achieve this goal, breaking it down into smaller, manageable steps. This keeps your momentum going and ensures that you stay focused and motivated as you work toward new milestones.

7. Celebrate with a Financial Milestone Ritual
   Establish a personal or family ritual to mark financial achievements. This could be a special dinner, a symbolic gesture, or an annual review of your financial progress. Rituals provide a meaningful way to celebrate and reinforce your successes, creating positive associations with your financial goals.

8. Share Your Success Story
   Share your financial journey and achievements through a blog post or social media update. By telling your story, you inspire others and strengthen your own commitment to financial goals. Offering advice and insights based on your experience can also provide valuable support to those on a similar path.

Celebrating financial wins is not just about enjoying the moment; it’s about reinforcing positive habits and setting the stage for future success. By treating yourself responsibly, sharing your success, reflecting on your progress, and investing in your future, you can maintain motivation and continue building on your achievements.

3 Things You Can Learn from Unmet Goals

Unmet financial goals can be discouraging, but they also provide valuable insights if you approach them with the right mindset. Instead of viewing these unmet goals as failures, consider them as opportunities to learn and improve your financial strategy. Here are three key lessons you can learn from unmet financial goals and how to use these insights to strengthen your financial future.

1. Understand What Went Wrong

• Identify Financial Barriers: Examine the reasons behind your unmet financial goals. Did you underestimate expenses, overestimate income, or fail to account for unexpected costs? Understanding these barriers is crucial for avoiding similar pitfalls in the future.

• Evaluate Your Financial Plan: Review the financial strategies you employed. Were your budgeting methods effective? Did you have a clear plan for saving or investing? Assess whether your approach was realistic and aligned with your financial situation.

• Learn from Financial Feedback: If your unmet goals involved financial advisors, family members, or colleagues, gather their feedback. They might offer valuable insights into what could have been done differently.

Use this analysis to refine your financial plan. Adjust your budget, create more accurate forecasts, and develop strategies to better manage unexpected expenses.

2. Reassess Your Financial Priorities

• Evaluate Financial Goals: Reflect on whether your financial goals were realistic and aligned with your current priorities. Sometimes unmet goals occur because they no longer fit with your financial situation or life stage.

• Adjust Your Focus: Ensure your financial goals reflect your current needs and priorities. For example, if your goal was to save for a vacation but unexpected expenses arose, it may be time to prioritize building an emergency fund first.

• Set New, Realistic Goals: Based on your reassessment, set new financial goals that are achievable given your current circumstances. Make sure these goals are relevant and aligned with your immediate financial needs and long-term aspirations.

Align your financial goals with your current priorities and financial reality to increase the likelihood of achieving them.

3. Develop Financial Resilience and Adaptability

• Build Financial Resilience: Unmet financial goals can be a setback, but they also provide an opportunity to build resilience. Learn to view financial challenges as a natural part of the journey toward financial stability and growth.

• Embrace Adaptability: Financial circumstances can change unexpectedly. Cultivate adaptability by being flexible with your financial plans. If a goal becomes unfeasible, adjust your strategies or timelines accordingly.

• Strengthen Problem-Solving Skills: Use the experience of unmet financial goals to enhance your problem-solving skills. Analyze what went wrong and develop strategies to address similar issues in the future.

Develop resilience and adaptability to better manage financial setbacks and adjust your strategies for improved outcomes.

Unmet financial goals are not failures but valuable learning experiences. By understanding what went wrong, reassessing your priorities, and developing resilience, you can turn these setbacks into powerful growth opportunities. Use these lessons to refine your financial strategies and enhance your ability to achieve financial success.

Lower Your Home & Auto Insurance

When was the last time you obtained quotes for your home and auto insurance?  It is very, very important to carry both home and auto insurance. However, that does not mean that you should pay the highest dollar amount possible!  Here are some tips to lower some of these costs and add some extra green to your budget.

Homeowners Insurance Tips:

• If you have auto insurance or some other insurance, ask for a “bundle” discount.

• Consider increasing the deductible to reduce your premium costs.  If you are managing your money well and have built your emergency fund to at least three months of expenses (Rung #5), you may consider increasing your deductible.  This can result in a substantially lower insurance premium.

• Example: If you increase your deductible from $500 to $1000 and the premium drops to $400 a year, this is probably a no-brainer.  The premium is the only cost guaranteed to happen, and an event requiring the use of the insurance is not. If you are able to make it fourteen months without a claim, you will come out ahead financially.  Even if a claim happens two years down the road, you will pay the $500 more in deductible, but you will have saved $800 in premiums (two years at $400 per year in reduced premiums due to increasing the deductible by $500).  

• Shop around for the best rates every two years.

• Obtain a minimum of three quotes – one of them being from an independent insurance agency.

Auto Insurance Tips:

• Always have auto insurance.

• Bundle with other types of insurance to get discounts.

• Shop around for the best rates every two years.

• Obtain at least three quotes – one of them from an independent insurance agency.

• Obtain quotes with different deductibles.

• Obey the traffic laws.

• Be very cautious buying car insurance from family or friends without getting quotes from other places.  

Try out some (or all!) of these tips and save some money today!

5 Financial Habits For The New Year

As the new year approaches, it’s the perfect time to evaluate your financial health and make improvements. Establishing strong financial habits now can set you up for long-term success, making it easier to reach your financial goals and secure your future. Here are five essential financial habits to adopt this year:

1. Create (and Stick to) a Budget

Budgeting is a fundamental aspect of managing your finances effectively. By creating a budget, you gain a clear understanding of your income and expenses, which helps you live within your means and avoid overspending. Here’s how you can build an effective budget:

• Track Your Income and Expenses: Begin by listing all sources of income and categorizing your monthly expenses. Tools like EveryDollar, Mint, or YNAB can simplify this process.

• Set Spending Limits: Allocate specific amounts for different expense categories, such as groceries, entertainment, and savings.

• Review and Adjust Monthly: Life changes, so your budget should too. Regularly review and adjust your budget to reflect any changes in your financial situation.

A well-structured budget is your roadmap to financial stability, helping you manage your money more effectively and reach your financial goals.

2. Build an Emergency Fund

An emergency fund is a financial safety net that protects you from unexpected expenses, such as medical bills, car repairs, or job loss. Here’s how to start building your emergency fund:

• Determine Your Target Amount: Aim to save 3-6 months’ worth of living expenses. This amount provides a cushion for most unexpected events.

• Automate Your Savings: Set up automatic transfers to a separate savings account dedicated to your emergency fund. Start with a small, manageable amount if necessary.

• Save Regularly: Consistency is key. Even small, regular contributions to your emergency fund can add up over time.

Building an emergency fund provides peace of mind and financial security, ensuring you’re prepared for life’s unexpected challenges.

3. Pay Down Debt Aggressively

Debt can hinder your financial progress and impact your overall financial health. Reducing and eventually eliminating debt should be a priority. Consider these strategies:

• Choose a Repayment Method: The Snowball Method involves paying off the smallest debt first, while the Avalanche Method focuses on paying off the highest-interest debt first. Both methods can be effective; choose the one that motivates you the most.

• Explore Debt Consolidation: If you have high-interest debt, consider debt consolidation or refinancing options to reduce your interest rates and simplify payments.

• Commit Extra Funds: Allocate any additional income or savings towards debt repayment to accelerate the process.

By aggressively paying down debt, you’ll improve your credit score, reduce financial stress, and free up resources for other financial goals.

4. Set Clear Financial Goals

Having clear financial goals gives you direction and motivation. Whether you’re aiming for short-term or long-term goals, it’s important to define and plan for them:

• Define Your Goals: Set both short-term goals (e.g., saving for a vacation) and long-term goals (e.g., buying a home or retirement).

• Use the SMART Framework: Ensure your goals are Specific, Measurable, Achievable, Relevant, and Time-bound to make them more attainable.

• Track Your Progress: Use financial tools or apps to monitor your progress and stay on track.

Setting and tracking financial goals helps you stay focused and make meaningful progress toward achieving your dreams.

5. Start Investing Early

Investing is crucial for building wealth and preparing for the future. Starting early allows your money to grow through compound interest. Here’s how to begin:

• Understand Different Investment Options: Explore various investment avenues such as stocks, bonds, mutual funds, and real estate. Diversification can help manage risk.

• Consider Low-Cost Options: For beginners, low-cost index funds or employer-sponsored retirement plans like a 401(k) are excellent starting points.

• Start Small: Even modest investments can grow significantly over time. Begin with what you can afford and increase your contributions as your financial situation improves.

Investing wisely helps you accumulate wealth and provides financial security for the future.

Adopting these five financial habits will set you on the path to a more secure and prosperous financial future. By creating a budget, building an emergency fund, paying down debt, setting clear goals, and investing early, you’ll be well-equipped to achieve your financial objectives.

How To Navigate Family Finances During The Holidays: Money Conversations Made Easy

The holiday season is a time of joy, celebration, and, often, financial stress. Navigating conversations about money with family can be challenging, but with the right approach, you can make these discussions easier and more productive. Here’s how to handle money conversations with your family during the holidays with ease.

Approach Conversations with Empathy and Understanding

When discussing finances during the holidays, it’s crucial to approach the conversation with empathy. Start by creating a supportive environment where everyone feels heard and respected. Share your financial concerns and limitations in a way that is considerate of others' perspectives. For instance, instead of saying, "I can't afford this," try, "I’m trying to stick to a budget this year and need to be mindful of my spending." Practice active listening to understand each family member’s financial situation and expectations.

Set Boundaries and Manage Expectations

Setting clear financial boundaries helps prevent misunderstandings and unrealistic expectations. Clearly communicate your spending limits for gifts, travel, or holiday events. For example, if you’re planning a family gift exchange but have a set budget, explain it in a way that emphasizes your desire to keep the holiday enjoyable without financial strain. Use phrases like, "I’d love to participate, but I need to stay within a certain budget," and be open to negotiating and compromising to find a solution that works for everyone.

Focus on Shared Goals and Values

Aligning financial conversations with shared family goals and values can shift the focus from money to what truly matters. Discuss the traditions and experiences that everyone values most and find ways to incorporate them into your holiday plans without overspending. Consider creating new, cost-effective traditions that highlight togetherness and joy. For example, instead of expensive gifts, you could plan a family game night or a potluck dinner, which can be just as meaningful and enjoyable.

Navigating family finances during the holidays doesn’t have to be a source of stress. There are ways you can manage holiday finances more effectively and enjoy a more meaningful holiday season. We encourage you to engage in open and honest discussions to ensure a joyful and financially stress-free holiday. Remember, effective communication not only helps manage money but also strengthens family bonds and enhances the holiday experience.

Fall Financial Cleaning: Steps to Organize Your Finances Before Year-End

As autumn settles in and you start thinking about tidying up your home, it’s also a great time to give your finances a thorough cleaning. Just like fall cleaning helps you prepare for the new season, organizing your finances before the year ends can set you up for a successful financial future. Here’s how to do a fall financial cleaning in just three simple steps: 

Review and Adjust Your Budget

Take a close look at your current budget and compare it with your actual spending over the past year. Have you overspent in some areas or saved more than expected in others? Use this review to adjust your budget for the final months of the year. Make room for any upcoming expenses and ensure your spending aligns with your financial goals.

Organize Financial Documents

Gather all your important financial documents, including bank statements, receipts, and tax-related paperwork. Organize these documents so you’re ready for tax season and any other financial planning needs. Consider digitizing documents for easier access and to reduce physical clutter. An organized financial record will make managing your finances much smoother.

Review Financial Goals and Progress

Reflect on the financial goals you set at the beginning of the year. How close are you to achieving them? Based on your current financial situation, adjust your goals if necessary and set new targets for the upcoming year. Review your savings and investment plans to ensure they are still on track and make any needed adjustments.

By reviewing your budget, organizing your financial documents, and assessing your financial goals, you can finish the year on a strong note and start the new year with clarity and confidence. This fall, take the time to clean up your finances and prepare for a successful financial future.

5 Questions to Ask Before Spending Money

Do you ever get caught in the cycle of  “see it, want it, and buy it?” Before you spend you don’t stop to think through your purchase. Here are five questions you can ask yourself before spending money on impulse purchases and larger purchases. 

• Do I Need This? 

• Often times its helpful to take a moment, pause, and ask yourself the simple question of ‘Do I need this?’ This question can become a gatekeeper of sorts. A way to prevent impulsive spending. With the access to shopping right at our fingertips, wait overnight before even answering the question. You’d be amazed at the clarity a good night of sleep can bring to a spending decision. 

• Will this item increase or decrease in value?

• Now, not all of our purchases can be for items that increase in value, but if all of your purchases go down in value - there is a problem. Ask yourself this question, as you consider larger purchases and potential investment purchases. Find someone you know who is prospering with their investments, and ask for their advice!

• Do I have the money to pay cash for this item?

• Is your first instinct to finance? To finance the car, the next car, the furniture, the trip, and so on… Consider asking yourself this question before purchasing. If you don’t have the cash to pay for it, don’t buy it (unless it’s a house or an asset that will increase in value.)

• Will this purchase generate income for me or take income away from me?

• What a great question to ask - and what a difference it will make in the way you think about money. Before you spend, just stop and ponder the options available to you to use those resources to generate more income for you in the future.

• Will this help me achieve my future plans, hopes, and dreams?

• Without a longer-term perspective, it becomes extremely easy to fall into the trap of living for the minute, and immediately spending every single dime we earn. This question can help you recognize that spending all your money right away can rob you of your future dreams.

So Before You Spend…

THINK!  Think about what this big purchase means.  Not just the temporary gratification, but how it will impact you in the long run.

5 Ways to Cultivate a Generous Mindset

In a world that often emphasizes accumulation and self-interest, choosing to cultivate a generous mindset can be a transformative act. Generosity is not just about giving money—it's a way of life that can enrich both the giver and the recipient. Whether you’re just starting your journey towards financial freedom or you’re already well on your way, here are five ways to develop a generous mindset that will positively impact your finances and your life.

1. Practice Gratitude: The Foundation of Generosity

Generosity begins with a sense of gratitude. When you focus on what you have rather than what you lack, it’s easier to recognize opportunities to give to others. Gratitude shifts your mindset from scarcity to abundance, making you more inclined to share your resources, whether they be time, money, or talents.

One simple way to practice gratitude is by keeping a gratitude journal. Each day, write down three things you’re thankful for. Over time, you’ll notice that your perspective shifts, and you’ll find more joy in giving.

2. Start Small: Generosity Begins with Small Acts

Generosity isn’t measured by the size of the gift, but by the intention behind it. You don’t need to make large donations or grand gestures to make a difference. Small acts of kindness, like buying a coffee for a friend or donating to a local charity, can have a significant impact.

Start with what you have. If you can’t give financially, consider donating your time or skills. The important thing is to cultivate the habit of giving regularly, no matter the size.

3. Set Giving Goals: Intentionality in Generosity

Just as you set financial goals for saving or investing, it’s important to set goals for giving. By setting specific, measurable goals, you can make generosity a consistent and intentional part of your life.

Think about the causes you care about and set a giving goal that aligns with your values. Whether it’s a percentage of your income or a specific dollar amount, having a goal helps you stay committed to making generosity a priority.

4. Surround Yourself with Generous People: The Power of a Generous Community

The people you surround yourself with have a significant impact on your mindset and behavior. Being part of a community that values generosity can inspire and motivate you to give more.

When you’re surrounded by generous people, you’ll find that generosity becomes contagious, leading to a greater collective impact.

5. Reflect on the Impact of Giving: See the Fruits of Your Generosity

Finally, take time to reflect on how your generosity has impacted others and yourself. Reflecting on the positive outcomes of your giving can reinforce your commitment to living generously and help you see the difference you’re making in the world.

Ask yourself questions like:

• How has giving changed my perspective on money and wealth?

• What impact has my giving had on those I’ve helped?

• How has generosity enriched my life?

By reflecting on these questions, you’ll deepen your understanding of the value of generosity and be more motivated to continue giving.
You can make generosity a core part of your financial journey, it just starts with one step.

5 Spooky Financial Mistakes to Avoid This October

October is a month filled with spooky fun, from haunted houses to ghostly costumes. But when it comes to your personal finances, there are some spooky things you should definitely avoid.

1. Ignoring Your Budget

As the holiday season approaches, it’s easy to get caught up in the excitement and let your spending spiral out of control. But ignoring your budget can lead to a ghostly apparition: overspending. Without a clear plan, expenses can creep up on you, leaving you with a chilling credit card bill or an empty bank account.

To avoid this, make sure you set a budget and stick to it. Plan for upcoming expenses, including fall festivities, and keep track of where your money is going. Remember, a budget isn’t meant to be restrictive—it’s a tool to help you stay in control of your finances.

2. Relying Too Much on Credit Cards

Credit cards can be convenient, especially when you're shopping for costumes, decorations, and treats. But relying too much on them can lead you down a trapdoor into the dark world of debt. High interest rates can quickly turn a small purchase into a large financial burden, leaving you with a trick instead of a treat.

To avoid falling into this trap, use credit cards responsibly. Only charge what you can afford to pay off in full each month, and consider using cash or a debit card for smaller purchases. If you already have credit card debt, make a plan to pay it off as quickly as possible.

3. Skipping Emergency Savings

One of the scariest financial mistakes you can make is skipping out on building an emergency fund. Life is full of unexpected surprises—car repairs, medical bills, or even job loss. Without an emergency fund, these unexpected expenses can turn into a financial nightmare.

Start by setting aside a small amount each month until you have at least three to six months' worth of expenses saved. Having this cushion will give you peace of mind and protect you from financial monsters lurking in the shadows.

4. Neglecting Retirement Contributions

It’s easy to put off retirement savings when there are more immediate financial concerns, especially with the holidays around the corner. But neglecting your retirement contributions can come back to haunt you later in life. The longer you wait to save, the more you miss out on the magic of compound interest, and the harder it becomes to catch up.

Make retirement savings a priority, even if it means making small sacrifices in the present. Contribute regularly to your retirement accounts and take advantage of any employer matching programs.

5. Failing to Plan for Taxes

Taxes might not be on your mind in October, but failing to plan for them can lead to a terrifying surprise when tax season rolls around. If you’re not withholding enough from your paycheck or overlooking potential deductions and credits, you could end up owing more than you expected.

Take the time now to review your tax situation. Adjust your withholding if necessary, and consider meeting with a tax professional to ensure you’re on the right track. Planning ahead can help you avoid the horror of a large tax bill come April.

Don’t let these spooky financial mistakes turn your October into a nightmare. By keeping an eye on your budget, using credit wisely, building an emergency fund, staying on top of retirement contributions, and planning for taxes, you can ensure that your finances stay healthy and strong.

When Should I Start Planning and Saving for Retirement?

Retirement may seem like a distant milestone, especially when you're juggling current financial obligations. However, when it comes to planning for your retirement, the question isn't just "When should I start?" but rather, "How soon can I start?" We believe that proactive planning is the key to achieving financial security, and that includes your retirement. So, let’s dive into when you should start planning and saving for retirement.

The Earlier, the Better

If there's one piece of advice that stands the test of time, it's this: the earlier you start saving for retirement, the better. Why? Because starting early allows you to take full advantage of compound interest, the process where your investment earnings generate even more earnings over time. This can significantly grow your retirement savings.

But what if you're already past your 20s or 30s? Don’t worry—it's never too late to start. The key is to begin as soon as possible and be consistent with your contributions. Even small amounts saved regularly can grow significantly over time.

Understanding Your Retirement Goals

When it comes to retirement, one size does not fit all. The amount you need to save depends on your specific retirement goals. Do you envision traveling the world, downsizing to a cozy home, or maybe starting a small business in your retirement years? Each scenario requires a different level of savings.

Start by setting a clear financial vision for your retirement. Ask yourself questions like:

• At what age do I want to retire?

• What kind of lifestyle do I want to maintain?

• What will my monthly expenses likely be?

Once you have a clear picture of your retirement goals, you can estimate how much you'll need to save. This will give you a target to work towards, making it easier to stay motivated and on track.

Adjusting Your Plan as Life Changes

Life is unpredictable, and your retirement plan should be flexible enough to adapt to changes. Whether it’s a career change, starting a family, or experiencing unexpected health issues, these events can impact your retirement savings strategy.

It's important to regularly review your retirement plan and adjust it as needed. For example, if you receive a raise, consider increasing your retirement contributions. Or, if you experience a significant life change, reassess your retirement goals to ensure they still align with your current situation.

Being flexible doesn’t mean being passive. Regularly monitoring your progress and making informed adjustments will help you stay on course to achieve your retirement goals.

The journey to a secure retirement begins with a single step, and the best time to take that step is now. By starting early, setting clear retirement goals, and being flexible as life changes, you can create a solid plan for your future. Remember, retirement planning is not a one-time event but an ongoing process that evolves with you.

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How Can I Secure My Financial Future? 3 Investing Tips

When it comes to securing your financial future, few strategies are as effective as investing. Whether you're dreaming of a comfortable retirement, saving for your children's education, or simply aiming for financial freedom, the decisions you make today can have a profound impact on your future. We believe that wise investing is a key component of financial stewardship, and we're here to guide you on this journey. Here are three investing tips to help you secure your financial future.

Start Early and Stay Consistent

The best time to start investing was yesterday; the next best time is today. One of the most powerful tools in your investing arsenal is compound interest. This is the process by which your investment earnings are reinvested, allowing you to earn even more over time. The earlier you start, the more time your money has to grow.

Imagine you start investing $100 a month at the age of 25. Assuming an average annual return of 7%, by the time you’re 65, you could have over $250,000. However, if you wait until you’re 35 to start, that same investment could only grow to about $120,000. The difference? A decade of missed growth.

Consistency is just as crucial. Make investing a regular habit, even if you begin with small amounts. Over time, those small contributions can compound into significant wealth.

Diversify Your Investments

You've likely heard the saying, "Don't put all your eggs in one basket." This adage is especially true when it comes to investing. Diversification involves spreading your investments across various asset classes (like stocks, bonds, and real estate) to reduce risk. A well-diversified portfolio can help protect you against major losses and provide more stable returns over time.

Building a diversified portfolio doesn't have to be complicated. Start by understanding your risk tolerance and financial goals, then allocate your investments accordingly. Whether you're a conservative investor or more aggressive, there are options to suit your needs.

Educate Yourself Continuously

Investing is not a one-time activity; it's an ongoing process. The financial markets are dynamic, and staying informed is crucial to making sound investment decisions. The more you know about market trends, investment strategies, and economic factors, the better equipped you'll be to navigate your financial journey.

We offer a wealth of educational resources designed to help you grow your investment knowledge. Providing you with the tools you need to become a confident, informed investor.

Securing your financial future through investing doesn't have to be daunting. By starting early, diversifying your investments, and continuously educating yourself, you can build a solid foundation for long-term wealth. Remember, the journey to financial freedom is a marathon, not a sprint. Start today, stay consistent, and watch your investments grow.

How To Put Your Investments To Work

Proverbs 14:4 – “Where there are no oxen, the manger is empty, but from the strength of an ox comes an abundant harvest.”

Perhaps no verse has had more of an impact on my financial management than this verse.  I believe that if you apply these principles, your finances will be forever changed.

Understand the verse.

I was reading this verse several years ago, and it literally changed my entire mindset about financial management.  Perhaps it is because I grew up on a farm and connected with the talk about farm animals and equipment.  Maybe it is because I am continually learning more about finances.  Whatever the reason I like this verse, I promise you that it can completely change your finances!

Think about your ability to work.  No matter how strong you are, how much energy you have, or how determined you may be, there is only so much work you can do.  There is only one of you.  You can work more hours.  You can work 20 hours per day, but you will reach a limit.

As a farmer, there is only so much you can do.  Help is required to accomplish more.  With oxen, so much more can be accomplished.  They are STRONGER than you are.  They have MORE ENDURANCE than you do.  They even have SKILLS you don’t have (ever attempted to pull a barn by yourself?)

Identify your oxen.

It is important to identify the potential “oxen” that could work for you – in place of you – and produce additional income (abundant harvests).

A retirement investment account (such as a 401(k), 403(b), 457, TSP, or Roth or Traditional IRA) are oxen.  Think about it.  When your retirement investments go up in value over time, does it require much effort from you?  Absolutely not.  Like an ox, you will need to occasionally provide direction and guidance to the investment account, but it will do the heavy lifting for you and take your finances places you can not get to on your own.

Another form of oxen is business ownership.  An owner of a McDonald’s franchise makes money even when they are at home asleep because the system is producing profits without their active and direct involvement every minute of the day.

Acquire oxen.

The manger is empty when there are no oxen.  The manger is designed to hold food.  When faced with the decision of “empty manger/no food” versus “abundant harvest”, I am going to choose the abundant harvest every single time.  I believe that this would be your choice also.

Obviously, the critical step toward an abundant harvest is to have oxen.  These oxen, however, can be expensive.  Acquiring a McDonald’s franchise can cost hundreds of thousands of dollars.  Starting a business can also cost an enormous amount of money.  So where does one start out?  We must start out just like everyone else – start where you are with what you have.

I challenge you to write down your plans, hopes, and dreams on paper.  Seriously, take five minutes to ponder your goals and write them down.  Now, next to each goal, write down how much each goal will cost.  This process will help you understand the necessity of acquiring an ox or two.

My oxen acquisition started by fully funding my 401(k).  I contributed the maximum amount allowed by law.  Notice that I did not contribute just enough to gain the company match.  This is a great start, but to truly get the 401(k) ox to work for me, I needed to maximize my contributions.  If you simply can’t contribute the maximum, start with a little and increase it on a consistent basis so that you will be maximizing it in just a few years.  These investments seemed so little at the start that it seemed pointless.  Just 15 years later, however, the 401(k) ox is healthy and doing a LOT of heavy lifting for me!  It will do the same for you.

Put your oxen to work!

This is the fun part!  As you put your oxen to work and provide adequate nourishment and attention, they will begin to work for you in ways you never thought possible.  Your 401(k) will grow without the need for any energy expenditure from you.  The rental house will produce income and increase in value even when you are on vacation.  The book that you’ve been wanting to write will be purchased by people from across the globe – even while you sleep.  The website will sell products without your direct involvement.  The team of people at your business will work to serve customers whether you are there or not.

Don’t make the mistake of thinking your oxen will work perfectly with zero involvement from you.  The last I checked, oxen will still wander off if you don’t provide them some direction and leadership.  Be sure to establish a system that allows you to always know the numbers and enables you to measure the health of your herd.
As your oxen work for you, they will truly provide an abundant harvest that will allow you to bless your family and those in need in ways you never thought possible.

The Definition of Investing

Investing is one of the most powerful ways to grow wealth, but for many, it’s also one of the most intimidating. I recently conducted a survey and received hundreds of responses, and one of the top financial topics people struggle with is investing.

With terms like mutual funds, ETFs, stocks, bonds, brokers, margin accounts, rate of return, yield rate, P/E ratio, market capitalization, and current ratio, it can literally feel as if investing is another language! If you've ever felt lost or overwhelmed by these terms, know that you're not alone—I’ve been there too.

But before we dive into the specifics, let’s start with the basics: What is investing?

What is Investing?

At its core, investing is simply using your money and possessions to create more money and possessions. The goal of any investment is to gain more in return than what you originally put in.

This might sound straightforward, but the ways to achieve this goal are numerous and varied. From buying stocks and bonds to investing in real estate or starting a business, there are countless strategies for growing your wealth. Each comes with its own set of terms, risks, and potential rewards.

Why Investing Matters

Investing is crucial for achieving long-term financial goals. Whether you're planning for retirement, saving for a child's education, or just looking to build wealth over time, investing allows your money to work for you. Instead of sitting idle in a bank account, your money can grow and compound, helping you reach your financial dreams faster.

What’s Next?

For immediate next steps, visit our dedicated investing resource page where you’ll find tools, articles, and guides to get you started on your investing journey.

Consider diving deeper by reading Oxen by Joe Sangl. This book provides powerful insights into building wealth through investments, using the metaphor of oxen to illustrate the importance of acquiring financial assets that work for you.

Additionally, if you're serious about ongoing education and mastering your financial future, consider joining our Fully Funded Life Membership. This membership offers comprehensive resources, coaching, and a community of like-minded individuals all striving for financial success.

Blame vs. Accountability: How to Cultivate a Positive Money Mindset

When it comes to personal finance, the mindset you adopt can be just as important as the strategies you implement. Many people struggle with their finances, not because they lack knowledge, but because they fall into the trap of blame instead of embracing accountability. Shifting from blame to accountability is crucial for cultivating a positive money mindset that leads to financial success. Here’s how to make that shift…

1. Stop Blaming External Factors

It’s easy to point fingers at external factors when things go wrong financially—whether it’s the economy, your employer, or unexpected expenses. While these can impact your finances, blaming them won’t solve the problem. Instead, recognize that while you can’t control everything, you can control how you respond.

A positive money mindset starts with taking ownership of your financial situation. This doesn’t mean ignoring real challenges, but it does mean refusing to let them dictate your financial future. Acknowledge what’s within your control, and focus on actions that move you toward your goals.

2. Embrace Accountability

Accountability is the opposite of blame—it’s about taking responsibility for your financial choices, both good and bad. When you hold yourself accountable, you empower yourself to make changes. Instead of dwelling on past mistakes, use them as learning opportunities.

One practical way to embrace accountability is by tracking your spending and setting clear financial goals. Tools like the Fully Funded Life Ladder can help you visualize your progress and keep you on track. Being accountable to yourself (and even to a trusted friend or financial coach) can transform how you approach money management.

3. Focus on Growth and Learning

A blame-based mindset keeps you stuck in the past, but an accountability-based mindset opens the door to growth and learning. Recognize that building financial literacy is a journey, and every step forward is progress. Whether it’s reading financial books, attending financial workshops, or exploring the resources we have available, continuous learning is key to cultivating a positive money mindset.

Investing in your financial education will help you make informed decisions, and as your knowledge grows, so will your confidence. Remember, the more you learn, the more empowered you become to take control of your financial future.

Shifting from blame to accountability is essential for fostering a positive money mindset. By taking ownership of your financial situation, embracing accountability, and focusing on continuous learning, you can create the foundation for lasting financial success. Start today by exploring our tools and resources and take that first step toward a brighter financial future.

3 Budget-Busting Expenses to Watch Out For

Budgeting is essential for financial stability, but even the most meticulously planned budgets can be blindsided by unexpected or irregular expenses. Need help overcoming budget-busting expenses? You probably know the big ones—Christmas, the quarterly insurance premium, the annual property taxes—but let’s dive into why these are so challenging and how to handle them effectively.

1. Holiday Spending

The holiday season is a time of joy and giving, but it can also wreak havoc on your budget. According to a survey, the average American plans to spend nearly $1,000 on holiday gifts. Now, imagine this $1,000 hit in a single month—would it blow up your budget? ABSOLUTELY!

Solution: To smooth out this expense, consider setting up a Christmas fund. By calculating your estimated holiday spending and dividing it by 12, you can save a set amount each month. For instance, saving just $84 every month would cover a $1,000 holiday budget, leaving you stress-free when the festive season rolls around.

2. Quarterly Insurance Premiums

Insurance is a necessary expense, but quarterly premiums can be budget-busters. Let’s say your car insurance premium is $450 every three months. That’s a significant amount to pay in one go, especially if it coincides with other large expenses.

Solution: By calculating the annual cost of your premiums and dividing it by 12, you can save each month. In this case, $150 set aside monthly will ensure you’re prepared when that $450 bill arrives.

3. Annual Property Taxes

Property taxes are another heavy hitter, often due once a year. Depending on where you live, this could be a substantial amount—let’s say $1,200. A one-time payment like this can throw your budget into chaos if you’re not prepared.

Solution: Treat your property taxes like any other monthly bill by dividing the total by 12. Setting aside $100 every month will make the annual payment much more manageable.

Smoothing Out the Peaks and Valleys

To eliminate this peak-and-valley, feast-and-famine style of living, take the time to list out all of your KNOWN, UPCOMING expenses and their associated annual cost. In the examples above, the annual budget-busting expenses total up to $4,400 per year. Divide this number by 12 months, and you arrive at $367/month. If you save $367 EVERY SINGLE MONTH, you WILL be able to absorb these budget-busting expenses without the huge headaches that you may currently be experiencing!

Don’t believe me? Ask anyone with a Christmas fund or a home mortgage escrow account! These are nothing more than budget-buster smoothing tools. Mortgage companies and businesses have realized that if the costs are not smoothed out and absorbed monthly, the chances are unlikely of you having enough cash on hand when the bill arrives otherwise.

By identifying your major expenses and smoothing them out over the year, you can take control of your budget and eliminate the stress of surprise costs. Start today by listing your budget-busting expenses and setting up monthly savings goals. Your future self will thank you!