Being a FinFit Hero to Your Kids

SuperHeroDad.jpgOur kids already look up to us for so many things, but we know that there’s so much we need to teach them regarding money, savings and being Fiscally Fit.  As we were growing up, we watched how adults handled their finances: paying bills, putting money in savings, giving to others and even simple things regarding shopping for groceries.   So, what can we do to make sure our children are taught to make the right fiscal decisions when they are old enough to do so?  

Here are a few simple tips on teaching your kids about money and as a result becoming their FinFit Hero!

Give them Real work

Remember having chores at home that your parents asked you to do each week?   Things like doing the dishes, cleaning the house, doing laundry, mowing the lawn, etc…?  

Many Parent’s provide a weekly allowance regardless if those chores are done.   The concern here is that kids would be paid for doing nothing, rather than earning their pay – just like real life.    Have a list of chores to be done, but also have items on that list where they have an opportunity to earn more.   This  concept not only introduces them to a commission based system, it also helps encourage a positive work ethic.

Assign Goals with their Earnings
Now that they understand the value of what it takes to earn money, what should they do with it?

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Budget: Have you been Naughty or Nice?

December 04, 2014

budget, financial stress

FinFit Staff

FinFit Logo

Tis’ the Season when many of us start feeling financial stress around the holidays, but for those who are already struggling, this may be a particularly difficult time of year. So, whether you have been naughty or nice with your finances this year, FinFit is making a list and checking it twice!!

Consider the following tips to help reduce financial stress during the holiday season:

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How to Improve Your Credit Score?

February 21, 2014

budget, credit

FinFit Staff

credit scoreAt FinFit, customers often ask us how they can improve their credit score. We coach our customers that there is no quick and easy solution. It takes attention to detail, practicing good habits and sticking with a plan over an extended period time. Financial Fitness takes time and effort. We remind them that a credit score can impact whether you will qualify for a loan and the rates you will be charged for insurance. A credit score reflects payment patterns over time with an emphasis on recent history.

Building your credit history is what improves your credit score. Listed below are some tips to improve your credit history:

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