The 1 to 5 Plan for Easy Financial Planning

The 1 to 5 Plan for Easy Financial Planning

Saving & Investing
For many people, the new year means a whole new look to your paycheck. Maybe you received a raise or a cost of living increase. Chances are your health insurance premiums went up. And, of course, taxes may be coming out at a slightly different rate. Whenever I get my first paycheck in the new year, I always closely look at my paystub compared to last year’s and determine where I can make adjustments to better reach my savings goals. One of my favorite plans to build wealth is what I call the “1 to 5 Plan.” I developed this plan for myself, but you can make adjustments depending on where you are currently at and your goals.  If you are looking for a great way to kickstart your year and…
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How to Find Fulfillment at Work

How to Find Fulfillment at Work

Goals / Taking Action
Across the board, research on happiness and fulfillment reveals the critical importance of feeling like you are making an impact.  Does your work matter?  To feel fulfilled and find happiness at work, you need to be able to answer this question with a “yes.” How to Find Fulfillment at Work Depending on your role and where you work, it may be hard to feel like your work makes a difference. Thankfully, there are two easy solutions for this. 1. Ask yourself three questions.  Angela Duckworth’s Grit details three questions to ask yourself to increase your satisfaction in your job. First, how does the work you’re already doing contribute to society?  Let's say you work in marketing for a healthcare company and your goal is to sell more of a particular type…
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Introducing Sabbatical Sundays

Introducing Sabbatical Sundays

Sabbatical Sundays
At Women’s Money, our goal is to help you fund your freedom. We help you figure out your finances so that you can create the life that is best for you. For some, the next part of your journey might simply be taking some time off. Maybe it’s taking a few months to travel, spend more time with your kids, work through a bucket list, learn photography, or write a novel.  Whatever the reason, the focus of a sabbatical is to take some time off to recover and re-energize. Recovery is key to being the best “you” you can be. That’s why we are excited to announce a new series called “Sabbatical Sundays.” Each week we will feature an article from an anonymous writer who will be joining us for this weekly series…
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Women’s Money Manifesto

Women’s Money Manifesto

Take Action
Are you ready to reshape your financial future? Did you come to Women’s Money looking for some practical tips on managing your money, learning how to invest, negotiating for a sabbatical, or even building a business? Women’s Money is a community of strong, action-oriented women who are inspired to create change for themselves and positively impact the world around them. We believe in: Letting go of the past.Living in the present.Investing in the future. We do this by: Shaking it off and starting with a clean slate.Knowing that through challenge, we can change.Finding joy and making more brilliant moments.Showing up and doing what we say we will. We invest in ourselves. We use structure to create freedom. We don’t improve just for ourselves. We also strive to improve the lives of others. …
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Why You Should Use the New Year to Set a Money Resolution

Why You Should Use the New Year to Set a Money Resolution

Goals / Taking Action
It’s a New Year. It’s a Monday. It’s the beginning of the month. All of these are reasons to embrace a fresh start for your finances and your future. But is this a good approach? And if so, why? It turns out there is enormous power in starting something new on a fresh turn of the calendar page.  In Dan Pink’s book When: The Scientific Secrets of Perfect Timing, Pink writes about “temporal landmarks.” Temporal landmarks are key dates or points of time in the calendar. These can include a new year, a holiday, or a birthday. They prompt us to reflect on the old and the new. Think about your most recent birthday. Didn’t you reflect on how quickly or slowly the year had gone? About what you did…
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Write A Letter as Your Future Self

Write A Letter as Your Future Self

Goals / Taking Action
Do you know what you want to spend your time on over the course of the next year? Do you know where you want to spend your money? Can you describe your passion and life’s work?  One of the best ways to find happiness and create wealth is to have clear goals and direction. But sometimes, you don’t know exactly what you want. One of the best exercises I have done is to write a letter as my future self. Specifically, I imagine myself a year from now, and I write a letter to myself looking back at and reflecting on the past year.  As you finish a month of preparing for the next year, spend 30 minutes and do the following exercise. How to Write a Letter as Your Future Self…
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What Do You Need Right Now?

What Do You Need Right Now?

Take Action
What kind of preparation do you do for important moments in your life? Maybe you spent hundreds of hours, logging thousands of miles, preparing for a marathon. Maybe you prepared responses to exhaustive lists of interview questions to prepare for a job interview. Maybe you spent months agonizing over a guest list and table centerpieces and tens of thousands of dollars preparing for a wedding. Maybe you went to classes, read countless books, and packed and repacked your hospital bag to prepare for childbirth. Maybe you are saving for an entire lifetime to be ready for retirement. But what about today? This exact moment? How much time did you spend preparing for right now? Why Preparation is Important One thing I have learned during this time of COVID is the…
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The Power of Visualization: How Affirmations and Visualizations Work

The Power of Visualization: How Affirmations and Visualizations Work

Goals / Taking Action
If you’ve ever participated in a competitive sport, you’ve likely been introduced to the concept of visualization. Your coach might have told you: Just imagine yourself kicking the soccer ball into the upper right corner of the goal...or sprinting with all of your remaining energy for the last 400 meters of your 5k...or serving the tennis ball to the inside of your opponent’s backhand. Even if you didn’t play sports, you may have heard about visualization, affirmations, mental rehearsals, or vision boards.  The basic idea is that you picture yourself achieving a specific goal with vivid detail. Imagine exactly how it feels, the emotions you are feeling, the smell, the touch, what you are wearing, the sounds you are hearing, etc. The more detail you can envision, the better. The power of…
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Dr. Suess’ Advice for the Year 2020

Dr. Suess’ Advice for the Year 2020

Goals / Taking Action
For anyone who has been in a slump in 2020, Dr. Suess says it perfectly: When you’re in a Slump, You’re not in for much fun.Un-slumping yourself Is not easily done. That’s right, if you’ve been in a slump during 2020, Dr. Suess tells us that un-slumping ourselves is not easily done.   That’s tough love. But what I love about the phrase “unslumping yourself” is that it puts the onus on you. No one but you can pull yourself out of a slump.   The good news is that you’ve done it before. You’ll be able to do it again. On Waiting Of all of the ways to describe 2020, it has certainly been a year of waiting.  Waiting for COVID to be over. Waiting for news of the vaccine. Waiting for the…
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8 Key Metrics to Assess Your Financial Well-Being

8 Key Metrics to Assess Your Financial Well-Being

Take Action
Last week I wrote about seven frameworks to analyze your entire life and overall well-being. But what if you’re not interested in your overall well-being and just want personal finance specific frameworks?   You're in luck. We have some metrics you can use to assess your financial well-being. Metrics to Assess Your Financial Health Below are the best ways to think about your personal finances. You can analyze, track, and assess your financial health and wellness with these metrics. Run the numbers, and see how you are doing. 1. Income and Expenses The simplest framework for understanding your monthly and yearly finances is to understand your income and your expenses. To put together this list, simply put your income in one spreadsheet (or column of a spreadsheet) and your expenses for that…
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