Are you financially fit?

Sweat Equity: What 30 Unison employees and family members contributed by running or walking in the Firecracker 5k on July 4th. The 80-degree temperature and 50% humidity at 8am took sweat equity to a whole new level! Great job to all who came out and participated!

Twelve years ago I started setting and working on reaching a variety of health and fitness goals. Fortunately, I have been pretty successful at finding the right balance of smart, good choices and giving in to not-so-good indulgences (I am powerless against deep dish Hawaiian pizza). Recently, I decided it was time to focus more on my “financial fitness”. Unfortunately, I have not been as successful in this area and have failed to achieve many of my money-related goals.

One of the hardest parts about working towards any financial target is that it takes time to see results. You have to make small changes and sacrifices. Don’t call it a financial diet, but a Life$tyle Change.  

Budgeting is like training for a marathon. It is a good idea to set some guidelines, goals and do a little planning before you start. Ok, my budget workout buddies, let’s get going!

Step 1: Assess your financial fitness level. How much do you “weigh”?

Do you have a sense of how fiscally fit you are? Get a copy of your credit report. Assess your monthly income vs. expenses. These numbers are like your “starting weight” from which to measure your progress. Just as dieters who track their food and calories are more successful, so are those consumers who track their financial expenses.

Step 2: Set Goals. Do you want to lose or gain “weight”?

Consider your financial goals. Are you starting a financial program to help payoff debt? Or do you have another motivation such as saving to buy a house? Having set goals will help gauge your progress and keep you motivated. Make sure your goals are realistic and obtainable.

Step 3: Ask for help. Hire a “personal trainer”.

Easier said than done, right? Financial Services Representatives (FSRs) are the “personal trainers” of Unison! Consult with an FSR and discuss what you have for steps 1 & 2. He or she can help create a “training plan” and “workouts” to get you started in the right direction.

Ready, set, save! Next blog will include some “workouts” we can incorporate into our financial training. Keep us posted on your journey of getting “financially fit”!

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