64.7K
Downloads
140
Episodes
The Fiscal Fitness podcast is about money, saving, budgeting and debt from experienced financial coaches.
Episodes
Monday May 04, 2020
Monday May 04, 2020
Amazon has made it so easy and convenient to have all of your purchases on your doorstep within a matter of days (or sometimes hours!). The convenience is great, but how is this impacting your finances?
The convenience of being able to order anything we want in the click of a button, may be holding you back from reaching your financial goals.
In this episode, Coach Jill gives some quick and simple tips to help you gain control of your Amazon spending habits in this episode of The Fiscal Fitness Podcast.
Coach Jill's Amazon best practices to stop overspending:
- The convenience of instant gratification may be sabotaging your financial goals.
- Practice strengthening your delayed gratification muscle by adding items to your cart, but waiting to click “buy” until a set day each week. (**Hint - choose a day at the beginning of the week - try Tuesday or Wednesday)
- Review your cart each week and determine if you still want each item and if the total amount of items in the cart are in line with your spending goals.
- Move anything that isn’t top priority onto your wishlist to save for later.
- Prefund an Amazon gift card for yourself to keep your spending on track. Each payday, put a set dollar amount onto your gift card and make a commitment to yourself not to spend more than what you have put on the card.
Monday May 11, 2020
Monday May 11, 2020
As we start the slow return to normalcy following the COVID19 quarantine, it's time to consider what our spending habits will be.
Companies will more than likely start to market towards our need for normalcy and the things we have been missing out on the past few months.
Jill and Kelsa talk about some strategies to make sure that your climb out of quarantine will be well within your budget!
Tips from Jill and Kelsa:
- Some expenses you may see a quick spike in
- eating out
- travel
- entertainment
- What else do you expect?
- Don't forget to add back into your budget
- childcare
- gas expense for traveling to work
- kids activities if they were cancelled for a while
- Grooming
- hair
- nails
- facials
- waxing
- etc
- Be honest and realistic with yourself on what you may need to add
- If you lost your job, now is the time to get your resume updated and maybe learn a new skill that makes you more marketable
Resources:
Monday May 18, 2020
Monday May 18, 2020
Knowing your income and expenses are important.
But just as important are numbers that show you the bigger picture of your financial situation and that’s where your Net Worth & Savings Rate come into play.
Kelsa will walk you through how to calculate these, provide some insights as to why you might want to care about them, and even provide some tools for you to use!
Notes from episode:
- Why your savings rate & Net Worth are important numbers to know
- How to calculate both of these figures
- Pros & cons of using these numbers
- Next steps once you’ve gained awareness of these figures
- How to improve & strengthen your net worth & savings rate
Resources:
- https://fred.stlouisfed.org/series/PSAVERT
- Click here to get the downloads to calculate your net worth and savings rate. www.fiscalfitnessphx.com/episode88
Saturday May 23, 2020
Saturday May 23, 2020
Meet our newest Financial Coach - Jaclyn Wise!
As a former math teacher you might expect budgeting would come easily, but Jaclyn shares she was a mess when it came to budgeting and balancing her own checkbook. Once she started making “real” money, she thought her finance worries would be solved. She was wrong. Six years after graduating college, she found she was still living paycheck-to-paycheck and feeling extremely jealous whenever her friends posted pictures on Facebook of themselves enjoying vacations in exotic places. She scrutinized and antagonized every purchase she made, big and small. Money made her feel all the wrong feelings.
That was years ago. Today, her life looks a lot different.
Since investing in financial coaching in 2015, Jaclyn and her husband have made a remarkable amount of progress in five short years.
Jaclyn shares her story of how she became a financial coach and some of the challenges she has overcome along the way. Jaclyn has a heart for financial coaching and wants you to see the all of the possibilities in life too. She is on a mission to help you reach the goals you have in life. Even the ones that seem out of reach right now. The thing is they’re not. Jaclyn cannot wait to show you how much closer you are than you think.
Friday May 29, 2020
Friday May 29, 2020
It’s one of our favorite times of the month! It is time for the FC Beat.
That’s the Financial Coaches Beat, in case you didn’t know, where Kelsa and Jill are giving you the inside scoop on what’s happening, all things in the Fiscal Fitness world.
And of course our favorite part which is tooting the horns of our amazing clients, sharing the great work that they are doing and celebrating their accomplishments.
You’ve got to tune in for this one!
Monday Jun 08, 2020
Monday Jun 08, 2020
What does it mean to be interested vs. invested and how is this showing up for you in your life?
The energy behind these two words and the actions we take are entirely different and in this episode, Coach Jill dives into how being “interested” in something is showing up for you in life and how it is holding you back from creating the life you want.
Notes from episode:
- Think about something you have been “interested” in. What does this look like for you? What results are you getting in your life?
- Think about something you have “invested” in. How did you show up differently? What was the result of being invested?
- How were your actions different between being interested or being invested?
- What area of your life are you currently interested in and how can you invest to get the results you are seeking?
Related links:
- Join us in our private Facebook group: Fiscal Fitness Money
Tuesday Jun 16, 2020
Tuesday Jun 16, 2020
Meet our newest financial coach at Fiscal Fitness Phoenix, Jaclyn Wise!!!
She wasn't always this awesome at budgeting though. It took some determination to look inside herself to be able to ask for help from a financial coach. And she hasn't looked back.
Today, Jaclyn is sharing the top 5 money mistakes that she has made in the past and provides some strategies and action steps to help you avoid those same mistakes.
Here are Jaclyn's top 5 money mistakes:
- Money Mistake #1: I blew through my grad party money.
- Money Mistake #2: I misused my student loans.
- Money Mistake #3: I struggled in silence (for six years!)
- Money Mistake #4: We bought way too much house
- Money Mistake #5: I overspent for the wrong reasons
You can find Coach Jill's Top 5 Money Mistakes here.
And you can find Coach Kelsa's Top 5 Money Mistakes here.
www.fiscalfitnessphx.com/episode92
Monday Jun 22, 2020
Monday Jun 22, 2020
It’s one of our favorite times of the month! It is time for the FC Beat.
That’s the Financial Coaches Beat, in case you didn’t know, where Jaclyn and Jill are giving you the inside scoop on what’s happening, all things in the Fiscal Fitness world.
And of course our favorite part which is tooting the horns of our amazing clients, sharing the great work that they are doing and celebrating their accomplishments.
You’ve got to tune in for this one!
Monday Jun 29, 2020
Monday Jun 29, 2020
Adoption can be one of the most loving and selfless things someone can do. It's fair to say that the foster care system for each state is extremely underfunded and overfilled with children that need loving homes.
Michael and Kelsa made the decision to adopt through the Arizona foster care system almost three years ago and were lucky enough to adopt their son, Alex, on June 14th of 2019.
Many people have asked them about the process as well as the financials for adopting Alex. While each state is different in regards to the foster to adopt programs available, Kelsa and Michael have put together some great talking points about their experience so you can do some initial leg work for your state.
Tuesday Jul 07, 2020
Tuesday Jul 07, 2020
Money is a LIFELONG journey. No matter where you are starting, there will always be something “Next” on the list. When we think about our financial lives, it’s as if we are climbing a mountain. We are always looking up and we can see the next step towards the goal we are working towards, but it’s like the top of the mountain is covered in clouds. Every time we think we must be JUST about to reach the peak, we get through the clouds and discover there is still so much more to go.
There will ALWAYS be more we are striving for and if we aren’t careful this can lead to frustration It is easy to compare ourselves to others who we see as more successful and think - “they are so far ahead, I will never get there.” So to combat this, we need to manufacture some artificial peaks for ourselves. We need to have a way to measure our progress and recognize that while it still feels as though we are climbing a never ending mountain, we actually HAVE made so much progress and that makes it worthwhile to keep on going!
Notes from the episode:
- Our brains want to keep us “safe” and “safe” = Familiar. This isn’t actually a good thing if the things we have been doing aren’t getting us the results we want.
- In order to “retrain” our brains, we need to create positive memories and experiences that relate to our financial wins.
- Setting goals or milestones is the first step. We need to have something clearly defined that we are working towards, so we know when we can celebrate!
- Visual cues and reminders can be extremely useful for positive reinforcement and training our brains to focus on what is most important to us (this is why vision boards are actually so powerful!).
- Be intentional about using ordinary experiences and turning them into purposeful and intentional ways to celebrate and acknowledge your progress!