Showing posts with label plan. Show all posts
Showing posts with label plan. Show all posts

Friday, June 20, 2014

Make the Right “BIG” Decisions – Healthy Lifestyle Decisions (pt. 5 of 5)

By Olivia Sandham 

If you’ll recall, the very first post in this series pointed to the idea that financial and lifestyle changes to improve overall wellness seemed similar because they can appear more like sacrifices and they probably wouldn’t stick in the long run.  The post concluded that trying to implement “BIG” financial and lifestyle decisions might be more worth the effort.  Since we have covered all of the financial “BIG”s in the last few posts of this series, let’s finish out the series by summarizing the “BIG” lifestyle decisions that could be made to improve your overall health.

1. Plan and Prepare Ahead:  Set aside a couple hours every few days (I use Sundays and Wednesdays, for example) to put together a healthy shopping list, buy the groceries, and portion/prepare snacks and meals in advance.

Benefits:  No more eating out because “there’s nothing in the fridge”, no more missing snacks/meals, no more microwave meals, no more worry and hassle trying to feed yourself and your loved ones (the stress alone makes me want a brownie). You can eat more healthy and more frequently, which will keep your metabolism going.  You could have more time to enjoy the meals with your loved ones, more energy from eating better, and you might even lose some unnecessary pounds.

Effort:  Planning and preparing does take some time, and certainly some effort at first if this is new to your schedule, but just like anything else you do on a continued basis, it easily becomes a habit and part of your weekly routine.  By having snacks correctly pre-portioned, vegetables and fruit already washed and cut, and meals prepared and ready to cook, you will ultimately save time and stress, which means having more free time and energy for other things.

2. Remove and Replace:  Figure out what food items are holding you back from your goals (i.e. aforementioned brownies) and remove them from your diet by replacing them with a better alternative.  You’ll be looking for less calories, less fat, less sugar, less carbs, and more protein, fiber, and vitamins.  Make small changes in your replacements so it doesn’t seem like such a leap or sacrifice.  Keep trying new and different healthy choices to see what works for you.  If you drink regular soda, try drinking juice or tea, and work your way to unsweet tea and water.  If you drink 2% or whole milk, try drinking 1% and work your way down to skim milk.  If you have a sweet tooth, replace those brownies with fruit and chocolate sauce, and eventually work your way down to eating just the fruit.  Replace your red meats with poultry by preparing them in the same fashion at first, such as using a chicken or turkey patty on your cheeseburger, or using ground turkey in your chili.  Add vegetables where you can, even if you have to add extra seasoning at first.

Benefits:  You can try new and different foods, plus fuel your body with better choices which will result in better health, focus, energy, and possibly even put you in a better mood.  And of course, you might lose some weight by choosing better food alternatives.

Effort:  This might take a little research on which foods work as good replacements and how to prepare them.  You should also pay more attention to nutrition details of items, which could take a little longer when deciding what to buy/order.  But you will be amazed how quickly your body will adapt to eating healthier food items, how little you will miss the old items, and how much better you will feel every day.

3. Focus on More:  When you think about being healthier, do the words "restrict" or "limit" or "diet" come to mind?  Why must we immediately go to the negatives when we think about being healthier?  Instead of thinking about what you could be missing or sacrificing, focus on what you WILL be getting.
  • Eat more frequently
  • Try more types of foods
  • Get more sleep
  • Drink more water
  • Do more physical activity
  • Have more energy
  • Have a more positive attitude
  • Feel more accomplished and in charge of your life
  • Possibly encounter more opportunities along the way
Benefits:  Changing your attitude, although listed as the third item in this blog, should probably be your first focus.  By focusing on MORE, everything you decide to do from here forward will be easier and seem less like a sacrifice and more like something you GET to do, GET to eat, or GET to achieve.

Effort:  This is such a simple change, but it might not be that easy.  Pay attention to your attitude when you hear that little voice inside your head, when you talk to others, and when you respond to others.  Catch yourself if you veer toward the negative or the less, and steer yourself right back on track to the positive and to the MORE.

And with that, our blog series on Making the Right Decisions concludes.  We hope you enjoyed the series and look forward to hearing how you have started making better decisions toward achieving your finance and health goals!

Friday, March 28, 2014

AARP Retirement Calculator: Are You Saving Enough?

Are you looking for a fun, free, and easy method to try estimating your retirement? We discovered the AARP Retirement Calculator, a neat online device that can make thinking about your future and retirement a little more enjoyable. Using the calculator can be a great way to check if the plan you currently have for your financial future should allow you to retire when and how you want. Discover all your options and how the choices you make today and in the near future could ultimately affect your retirement finances!

Before using the calculator, we encourage you to read our list of “Pros and Cons of Using the AARP Retirement Calculator”:

PROS:
  • Using this calculator can be a good starting checkpoint to see if you are currently on track for retirement, currently way off track for retirement, or somewhere in between.
  • After inputting your information, click on “Options” to see what changes you can make in retirement to help you have more income available if needed or desired.
  • At any point, you can also go back to the “About You” section and change answers, allowing you to see how different choices starting now could possibly affect how much income will be available to you in retirement. This can be a helpful tool if you are able to actually implement some of these changes in your life, such as how much of your income you and your partner save for retirement each year.
  • When deciding your lifestyle in retirement, click on “Learn more about Retirement Lifestyle Assumptions” and you can manually input what percentage of your current lifestyle expenses you plan to have in retirement.
CONS:
  • The calculator does take into consideration the multitude of creative ways you can collect more Social Security income (to be discussed in next week’s blog!)
  • The calculator cannot substitute for the valuable knowledge and experience of a financial advisor. This tool should only be used for fun to see where you are at now and how different decisions could affect your future outcome, but make sure you discuss any officially changes in your retirement plans with your financial advisor.
Think you’re ready to give it a try? Click here to Get Started.

Wednesday, December 18, 2013

Superfunding a 529 College Savings Plan


According to a Reuters article shared by CNBC.com earlier this week "Should You Superfund Your 529 College Savings Plan?", college costs have reached an average of $40,917 a year for a private four-year college and $18,391 for a state school, as researched by the College Board.  These high numbers along with ever-increasing tax rates have affluent families and wealthy grandparents considering strategically "superfunding" a 529 college savings plan as a way to aggressively cover college costs while also saving on taxes.

If you are interested in finding out about the benefits of contributing to a 529 plan, click here to read the full article.

Thursday, October 24, 2013

Are You Making Smart Money Moves?

A recent post under Personal Finance on the U.S. News & World Report website listed 50 Smart Money Moves. We have taken our top 30 from this list and created a "Financial Check-Up" for our blog readers. Check each smart money move you believe you follow on a regular basis, and see where your money-moves rank with our results below.

 
( ) Decide on financial goals.
( ) Create a spending plan.
( ) Resist retailers' enticements.
( ) Track your own spending.
( ) Don't accept posted prices (i.e. price-matching).
( ) Research products online before visiting stores.
( ) Earn money from more than one source.
( ) Negotiate your salary.
( ) Don't shy away from all debt and make sure to choose the best credit card or loan for you.
( ) Pay off high-interest-rate debt quickly.
( ) Check your credit report and build a solid credit history.
( ) Track and review account statements.
( ) Take advantage of rewards cards.
( ) Adopt a hands-off approach to investing (consider a professional).
( ) Remember the risk-versus-reward rule.
( ) Start early, invest often.
( ) Don't try to time the market, and don't follow the market every day.
( ) Check your Social Security statement online and calculate your own retirement number.
( ) Take baby steps.
( ) Save even when you're not earning.
( ) Live with family members.
( ) Look for non-financial ways to help family members.
( ) Prepare to help aging parents.
( ) Avoid sharing credit accounts.
( ) Live more simply, use fewer products, and find cheaper hobbies.
( ) Plan weekly meals.
( ) Insure yourself.
( ) Make sure you're ready for X (house, baby, retirement, etc.).
( ) Cancel/avoid catalog subscriptions.
( ) Find ways to lower your utility bills.
 
If you checked 0 to 10 Smart Money Moves, you are:
Moving at the Speed of Slow.  Though you may not be where you should be now, there’s still hope!  Which of the above are you doing regularly and which areas do you need to work on?  Consider the ways you can start to implement these things into your life, put them into practice, and monitor as you go.  You’ll be glad you did.  If you need help getting started, don’t be afraid to ask for it!
 
If you checked 11 to 20 Smart Money Moves, you are:
Moving in the Right Direction.  So you’re not quite there, but don’t give up.  Be sure to track your progress and make adjustments when necessary.  If you need advice to reach your goals, contact a professional.
 
If you checked 21 to 30 Smart Money Moves, you are:
Moving toward Financial Freedom...and freedom is fun!  Way to go!  You’ve worked very hard and it’s paying off.  Slip-ups and setbacks can (and likely WILL) happen, so be careful not to regress backward.  Keep up the good work and you can enjoy the fruits of financial freedom!