USU Extension Assistant Professor
Warning: I absolutely LOVE Dr. Seuss! I love how his books helped my kids learn to read. I love his made up names and animals that make me smile. I love the playful artwork and the vibrant colors. But do you want to know what I love most? I love the versatility of his stories that can be read simply for fun or to teach life lessons. I’ll bet you didn’t realize that some of Dr. Seuss’s stories can even help you on your path to financial wellness, did you?
If any of your new year’s resolutions have to do with managing your money better or dealing with debt, stick with me as we explore the wisdom Dr. Seuss imparted in a few of his well known stories.
Melanie Jewkes, M.S.
USU Extension Associate Professor
Now that the holidays are behind us, you may or may not be a little anxious to peek at your bank or credit card statements. No surprise when Americans purchase about $1,000 worth of holiday joys on credit. But now might be the perfect time of year to make a better plan for next year. There is a better way!
My favorite budgeting magic trick is to avoid using debt or credit, especially for small purchases but also for larger ones, buy paying yourself first. Maybe you’ve heard that phrase before “Pay yourself first.” This is a seemingly simple principle to encourage use of cash instead of borrowing.
In other words-- save money and avoid debt so that instead of paying somebody to use their money (i.e. money you have to pay on interest and late fees or even loan origination fees), you “pay” yourself by putting that money into savings. In some instances you earn money on interest (though, admittedly, the interest rates right now on bank accounts is minimal) or at least avoid paying more than the cost of whatever the item was you charged. Pay Yourself First also applies to long-term savings for things like retirement, but for now we’re talking about “small” purchases that can sometimes irritate, if not wreak havoc, on our monthly budgets.
Let’s talk more about the real, life-changing application of this principle and how to apply it.
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Ready to own your path to finical wellness this year? Check off each small step monthly and see the drastic impact of improved personal finances over the course of the year. These short, actionable tips and related resources will have you in the driver's seat with your money.
We invite you to join us for FREE, monthly personal finance webinars.
See the schedule here!
Jerevie Canlas, Ph.D., CFLE
Empowering Financial Wellness Program Coordinator
If there’s one thing I learned from the events of 2020, it’s that I need to be on top of my finances just in case something unexpected happens - like a job loss (which happened to me in May), or when we needed a new car (something we had to purchase in November), or somebody needs to be hospitalized (which happened to a lot of people).
They say prevention is better than cure, and that’s the principle behind annual physicals. You go see your primary care provider at least once a year so your general health can be evaluated, and you visit your dentist at least twice a year. Based on a number of factors, your doctor might recommend that you do a couple of things such as exercising more, cutting back on certain foods, increasing your fiber intake, or even referring you to a specialist if necessary. Seeing your doctor at least once a year can detect health conditions that can lead to chronic health issues. The biggest benefit of an annual physical is KNOWLEDGE - and this knowledge can potentially save your life.
By KristiLyn Wilkinson, M.S.
USU Extension Empowering Financial Wellness Program Manager
I don’t know about you, but I am not sad about leaving 2020 in the past. If anything, I am more committed to doing what is in my control to make 2021 a better year for me and my family. You might not be a fan of setting new year resolutions. Maybe setting goals in January seems like an arbitrary unimportant date to you and you set goals whenever you feel like it. Maybe you don’t believe in setting goals because they feel restrictive. Maybe you have had your new year resolutions mapped out since last October. No matter where you fall on this spectrum, I would highly suggest that you set some financial goals…at some point in your life…preferably right now. Why? I will tell you, but first, grab a blanket (it’s freezing here in Utah) and settle in. We are about to get touchy-feely.
Blog editor and Accredited Financial Counselor sharing real-life money smarts that can help you stay on track with financial goals while still enjoying life!
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