So who has started spring cleaning? Do you have a good system in place so it doesn’t take hours and hours to get the job done? There certainly are a lot of cleaning checklists on Pinterest and Instagram. As we’re thinking about spring cleaning our homes, it’s also the perfect time to spring clean your finances. The first quarter is over, and last year taxes have been completed so let’s get organized financially for the rest of the year.
Here are 10 ideas for spring cleaning your finances.
Check your credit reports. You can check your credit report from each of the three credit bureaus once a year so I recommend checking one at the end of April, one at the end of August, and one at the end of December. Credit report mistakes can prevent you from getting a loan or force you into paying a higher interest rate. If you see any errors or fraudulent activity on your credit report, file a dispute with the credit bureau right away.
Review your monthly...
Every year in March or April, National Equal Pay Day brings awareness to the pay discrepancies between men and women for the same work. Equal Pay Day was created by the National Committee on Pay Equity (NCPE) in 1996. This year, Equal Pay Day will be recognized on March 15.
Equal Pay Day also symbolizes how far into the year women must work to earn what men earned in the previous year.
In 2021, women earned 82 cents for every dollar earned by men so a woman must work 15 months to earn what a man earns in 12 months. According to a recent article in Forbes, women lose hundreds of thousands of dollars over a lifetime compared to their white male counterparts. One study showed that white women lost $555,360, and black women lost $964,400 over their working lifetime.
The pay gap between men and women is expected to rise post-pandemic. The prediction is that women will earn ONLY 76 cents for every dollar earned by a male worker, and it will take more than 10...
With Valentine's Day right around the corner, many of us are focusing on those special people in our lives and how we can show them what they mean to us. And that is certainly important…but I also want to challenge you to do something for yourself.
Self-love and taking care of yourself should be a priority - I'm sure you're familiar with the airplane safety speech…put the oxygen mask on yourself BEFORE assisting others. And that's great advice for other areas of your life too!
As a financial advisor and money coach, I want to encourage you to do one thing this month that will help you improve your financial wellness. After working with hundreds of clients, I know that financial wellness can significantly impact a person's overall well-being.
There have been countless challenges since March 2019, and now we're experiencing high rates of inflation and supply chain issues. So this is the perfect time to see what changes you need to make in the new year....
Looking for the best budgeting or money management tools? There are so many facets of budgeting, and you’ll likely have to make some sacrifices, but using one of these tools can make those sacrifices easier and can take the hardest work out of budget. These are the best budgeting apps and tools to download now if you want to get your spending under control.
Some of these budgeting products listed below offer both a desktop and an app version of the product. And some of these tools do the same thing. You don’t need all of these, so pick and choose which ones best fit your financial situation!
You Need a Budget is one of the most popular budgeting apps available. If you’ve never even had a budget before, this is the app for you. It’s a great way to get started with budgeting and will teach you about all the ways to manage your money. The app uses a “zeroed” out budget and makes sure that you allocate your money down to the very last...
It’s easy to overspend and go over budget during the holiday season! I’ve certainly done it plenty of times!! I know it’s hard not to get caught up in the gift-buying season with all of the advertisements and “special” deals that we’re bombarded with every day. And none of us want to be viewed as a “scrooge.” With some planning and research, there are so many ideas for creating a wonderfully memorable holiday season without stressing about spending too much.
Here is a recap of some of our previous blog posts that share gift ideas for some people that may be hard to buy for as well as tips on how to stay on budget and creative ideas for decorating.
Read about some tips to help you stay on budget, including setting spending limits, only shopping for the kids, using cash-back websites, and more! Even if you only want to incorporate a few of these tips, they are sure to help you stay...
Thanksgiving is one of my favorite holidays with its focus on family and gratitude, and it’s the perfect opportunity to feel grateful for everything that I have, despite whatever bumps in the road tried to take me off course throughout the year. But Thanksgiving can also be a difficult time for people for a variety of reasons so I wanted to share how developing a gratitude mindset can help you take a different approach to not only Thanksgiving but each new day.
So what is a gratitude mindset?
Gratitude is defined as the quality of being thankful and exhibiting a readiness to show appreciation for and to return kindness. Simply put, a gratitude mindset is the ability to focus on the positive things in life rather than the negative - you know the glass is half full kind of thinking. You see opportunities instead of obstacles. When you can focus on gratitude, the number of things you appreciate continue to grow.
Why should you strive for a gratitude mindset?
A lot of people, women in particular, are hesitant to ask for more. Whether it’s a mindset that’s holding you back, fear of rejection, or something else entirely, you have to pursue what you want — and sometimes, that means asserting yourself and asking for what you want!
Even if you work for a company that reevaluates the market rate for positions and adjusts salaries accordingly or you work for yourself and can increase your rates any time, there is still a level of needing to feel confident to advocate for yourself when and if it becomes necessary.
I have a client who works in data analytics, but she wasn’t “trained” to do data analytics (ie: she didn’t go to school for this particular set of skills she has). Instead, she evolved into this role in the company and she’s good at it. However, because of the way she evolved into it, she was significantly underpaid when we started working...
April is Financial Literacy Month! It’s such an important time for me because I truly believe in the importance of education, especially around money. The reality is that the schools don’t provide much, if any, financial education.
So, I want to make sure you have the tools to feel confident in sharing this information with your kids and also so you are confident in advocating for yourself when it comes to your finances.
I remember learning about money at a young age — I must have been about 10 and my brother was 15. My mom was a single mom. She hurt her back and couldn't go grocery shopping, so it fell to us (my brother and I) to go to the store and get what we needed.
It was the first time we had to be responsible to get the groceries and it was a little scary. We were in charge of making sure we chose wisely so we would all have food to eat for the whole week and hadn’t loaded the cart with groceries that would exceed our budget.
Even though it was a...
When you want to feel empowered around your money mindset, there’s one thing that is at the heart of preparing to increase your income. Sometimes, in mindset work, we forget that we do have a great deal of control. While that control isn't over anything outside of ourselves, we can control our thoughts, reactions, and beliefs — and that is powerful! And it starts with asking.
Kids are great at this. For example: My kids always want McDonald’s. Nevermind that 99.9% of the time when they ask, my answer is no. But they always ask for it. I’m sure if you’re a parent, cousin, or caretaker of any sort, you’ve had this experience, too.
And as any kiddo is too familiar in hearing… Just because you want it doesn’t mean it’s going to happen. But when you realize that in your money mindset journey that you have a great deal of power over your choices, you can learn to guide your thoughts and actions to prepare yourself for an increase in...
Often, as someone is entering a life transition, they have this feeling of “I can do it!” mixed with a hefty dose of “What am I going to do?”
The goal behind Watch Her Thrive is to be a beacon. It’s more than just writing helpful blog articles to show you how something is done. It’s to empower you and show you that Yes, you can do it!
From my early career days, I’ve always been an educator. Sometimes in the traditional sense, like when I taught third grade in inner city Baltimore; and sometimes in the non-traditional sense, like when I became a published senior equity research analyst. And sometimes in the very non-traditional sense as my ex-husband and I navigated the adoption system.
No matter what I did, my mom was always my rock. She was non-judgemental, full of support and encouragement, and always accepting of my anti-status-quo ways. I wanted to blend all of that knowledge and personal guidance into a sustainable, fulfilling...