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Fiscal Fitness Campaign
Being financially strong
Just as a well defined physical regimen puts your body in top condition, a similar regimen with your finances can put you in a position of fiscal strength. Being financially strong means that you are in control. It means that your money is working for you, instead of the other way around. It’s a safety net that allows you to handle life’s emergencies without the worry of how you will pay for them. It means rewarding yourself without incurring debt. And it means that you are on the right road to preparing for a secure retirement. Essentially, financial strength puts you in the driver’s seat. And it’s a great place to be.
Being financially strong means:
- Keeping more of your hard-earned money
- Understanding and controlling your spending habits
- Increasing your purchasing power
- Making your money "work" for you
How to use the toolkit
The quiz below is the perfect starting place to assess your own fiscal strength, while each section provides direction to help you achieve your financial goals.
Each section focuses on a particular financial area while providing both the information to understand the topic and a worksheet to use when setting achievable goals and implementing specific strategies. Each section is broken down by month, allowing you to take step-by-step measures toward improving your financial strength, and measuring your results. So flex those brain muscles and get on your way to being financially strong. Take this quiz to determine your level of fiscal fitness. Then read each section for ways to make improvements.
Goal Setting
- Do you have written annual financial goals?
- To learn more about how setting goals can set the stage for your financial future, click here
Reducing Fees
- Do you ever pay ATM fees?
- Do you ever pay fees for “bouncing” a check?
- Are you currently using your stateside ATM card to get cash while overseas?
- Do you pay late fees on bills paid past the due date?
- For more information about reducing fees paid on your money, click here
Dealing with Debt
- Do you pay more than the minimum amount on your credit card bills?
- Do you pay more on higher interest debt first?
- Do you have a written plan for paying off your debt?
- For tips on eliminating your debt, click here
Controlling Your Spending
- Do you use a written household budget?
- Do you have enough money to pay your bills each month?
- For helpful information on controlling spending, click here
The Power of Compounding
- Do you know the advantage of investing a lump sum at age 25 vs. age 40?
- Do you regularly contribute to a retirement account or other form of savings account?
- To learn more about how compounding can help you build a secure future, click here