Break a sweat without hitting the gym

The gym is a necessary evil for most of us.

All the eating and drinking we do (looking at you, holiday season) means we need to stay on top of our physical health.

Know what else is important? Your financial health! When was the last time you looked at your credit report (akin to doing a sit-up, I’m sure)?

Today I’m going to share a few crucial financial fitness tips for you, and you won’t even have to get up off the couch. Welcome to the La-Z-Boy gym!

I mentioned your credit report earlier. A good rule of thumb is to check your credit score once a year. Your credit report is full of information about the status and health of your credit accounts. Want to get loans with excellent rates? You’ll need a credit score that opens those doors for you.

Know your worth. No, this isn’t an Instagram-worthy motivational poster — you need to know your net worth. Compare your debts (personal, mortgage, and student & car loans) to your assets (savings accounts, investments, real estate, collectibles). Then weigh them against each other to paint an overall financial picture.

Be sure to assess financial goals. Want to pay off that mortgage before you retire? Consider making additional weekly payments, even a small amount like $25/week. Want to travel in your golden years? Plan for it as a long-term goal. Christmas credit card debt? A short-term goal could mean paying it off in 3 months. Divide your goals by time and importance.

Never neglect your financial health. Just like heavy weightlifting, gathering your credit card bills and having ‘the talk’ with the spouse can be challenging.

Maybe you need a ‘spotter’, and we’re here to help! For a free 15 minute consultation, set up a time in our scheduler or call (330) 836 7800 ext.1.