What are your top money to-dos?

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Quiz Questions

1.
Have you set personal, professional and financial goals for yourself?
- A.
  I haven't started thinking about this yet
- B.
  I have vague goals but no timelines or specific numbers
- C.
  I have specific goals and a timeframe by which I want to achieve them
2.
Do you have student loan debt?
- A.
  Yes, I have more than $10,000 in student loan debt
- B.
  Yes, I have some student loan debt but it's less than $10,000
- C.
  No, I'm debt free
3.
Do you pay your credit card balance each month or do you carry a balance?
- A.
  Five or more months out of the year I carry a balance
- B.
  Three to four months out of the year I carry a balance
- C.
  One to two months out of the year I carry a balance
- D.
  I always pay off my balance in full
4.
Do you have a mortgage?
- A.
  Yes
- B.
  No
5.
If you have debt, do you know the interest rates of the different types of debt you have?
- A.
  I don't have debt
- B.
  I have debt but I'm not sure where to find the interest rates for my loans (including a mortgage)
- C.
  I have debt and I know the interest rate(s) on my loan or loans
- D.
  I have debt and I know the interest rate(s) on my loan or loans and I've taken steps to reduce the interest rates (e.g., refinancing or transferring a balance)
6.
Do you have a retirement account like a 401K or 403b through work with a company match?
- A.
  No, I don't have a 401K through work
- B.
  Yes, I have a 401K but there is no match
- C.
  Yes, I have a 401K and I contribute enough to get the full match
- D.
  Yes, I have a 401K and I am maxing out the account each year (max contribution is $19K in 2019)
7.
Do you have a retirement plan from an old employer?
- A.
  Yes, and I've rolled it over to my new job or an IRA
- B.
  Yes, and I'm not sure what to do with it or I haven't gotten around to rolling it over
- C.
  No, still at the same job or didn't have a retirement plan at any previous employers
8.
How much are you saving for retirement?
- A.
  Haven't started yet but hoping to start soon
- B.
  1-5% of my monthly income
- C.
  6-10% of my monthly income
- D.
  11-16% of my monthly income
- E.
  17% or more of my income income
- F.
  I know I'm saving but I'm not sure how much!
9.
Do you have short-term and long-term disability insurance?
- A.
  Yes, I have both
- B.
  I have one but not both
- C.
  I don't have either
- D.
  I'm not sure (how would I even check that?)
10.
Do you have life insurance?
- A.
  Yes, I have life insurance and I feel confident it's the right policy and amount
- B.
  Yes, I have life insurance but I'm not sure I have enough or the right policy
- C.
  No, I don't have life insurance.
- D.
  I'm not sure
11.
Do you have kids?
- A.
  Yes
- B.
  No
- C.
  No, but thinking about it in the next year
- D.
  No, but thinking about in in the next 2-3 years
12.
Do you have 4-5 months of living expenses in your checking or savings account available for emergency spending e.g., if you were to lose your job or have an unexpected medical bill?
- A.
  Yes, I have 4-5 months of expenses easily accessible in case of an emergency
- B.
  I have some cash savings, more than what I need to pay my monthly bills, but not quite enough to live off of for several months
- C.
  No, I don't have meaningful cash savings beyond what I need to pay my monthly expenses
- D.
  I'm not sure
13.
Do you have a high-yield* savings account for your additional cash? (*>2% interest rate)
- A.
  Yes, I have automated transfers set up to this account
- B.
  Yes, but I don't have automated transfers set up and I probably should have more of my money in this account
- C.
  No, I don't have a high-yield savings account
- D.
  I'm not sure
14.
Are you thinking about buying a house in the next 1-3 years?
- A.
  Yes, actively in the market
- B.
  Yes, thinking about purchasing a home in the next few years
- C.
  I already own a home
- D.
  Not actively thinking about buying
15.
Do you have a Flexible Savings or Health Savings account?
- A.
  Yes, I have one through work and I'm using it effectively to pay for expenses like childcare with tax-free dollars OR I'm using my health savings account to get tax-free savings
- B.
  Yes, I have one through work but I'm not sure I'm optimizing it
- C.
  My company offers one but I'm not enrolled
- D.
  My company or job doesn't offer this benefit
- E.
  I'm not sure
16.
Are you thinking about long-term care for you or someone in your family?
- A.
  Yes, actively thinking about options for me or someone in my family
- B.
  No, not actively thinking about it but interested in learning more
- C.
  No, not interested
- D.
  Not sure

Quiz Outcomes

1.
Reevaluating spending & paying off debt
Your results If you have credit card debt, it's ok. So do 39% of other Americans. However, credit card debt is high-interest (generally above 18%), and paying off the interest and principle on that debt can prevent you from reaching other financial goals. While we haven't done a deep dive on your finances, we recommend you join the Credit Cards, Spending, and Automating Your Money session to focus on adjusting your spending to get to the root cause of your credit card debt (was it a one-time large medical bill or something more systemic about how you spend?). We will help you develop a plan for paying off your debt and building an emergency fund so you never have to go back into debt. In addition, we recommend Goal Setting and Prioritization. All good financial planning starts with understanding both your short-term and long-term goals for your money, your life, and your career. This session will help you map out all of your goals and define your priorities outside of paying off debt. These will likely be the highest-impact "financial to-dos" for you helping you get to $5K in value for today (e.g., paying off $15K in credit card debt early, could save you more than $7K if your interest rate is 20% and you're only paying $400 / month now). We look forward to being apart of your money journey!
2.
Emergency Fund + Retirement
Your results You're doing a great job avoiding credit card debt. That's a money win! Next, you need to start thinking about building an emergency fund (6 months of living expenses in case you lose your job, have a big medical bill, move, etc.) and increasing your savings for the future. We recommend you join our sessions on Goal Setting & Prioritization; Credit cards, Spending, and Automating Your Money; and Retirement. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. In the latter session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement OR if you can renegotiate your insurance, cable, and utility bills to spend $200 less per month, you can have $2,400 built up in an emergency fund within the year. Finally, we recommend our session on Retirement. While it may be tempting to focus first on other goals, the earlier you start saving for retirement the less you have to save total (thanks compounding interest). We will review how much you need to have a comfortable retirement and how to set yourself up for success. What will the return on your day be?
3.
Retirement + Buying a Home
Your results You're doing a great job staying out of credit card debt and building up emergency savings (just in case!). Next on your plate is saving more for retirement. We recommend you join our sessions on Goal Setting & Prioritization, Credit Cards, Spending, & Automating Your Money, and Buying a Home. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. In the latter session, we will include an exercise on spending. Whereis your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement OR if you can renegotiate your insurance, cable, and utility bills to spend $200 less per month, you can have $2,400 built up towards a down payment within the year. What will the return on your day be?
4.
E. Fund + Retirement + Home
Your results You're doing a great job avoiding credit card debt. That's a money win! Next, you need to start thinking about building an emergency fund (6 months of living expenses in case you lose your job, have a big medical bill, move, etc.) and increasing your savings for the future so you can be ready to buy a home. We recommend you join our sessions on Goal Setting & Prioritization; Credit cards, Spending, and Automating Your Money; and Buying a Home. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and thinkabout how to achieve them. In the latter session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement OR if you can renegotiate your insurance, cable, and utility bills to spend $200 less per month, you can have $2,400 built up in an emergency fund within the year. What will the return on your day be?
5.
Life Insurance + Retirement + Prioritization
Your results You're doing a great job avoiding credit card debt and creating an emergency fund (just in case!). Start by patting yourself on the back for having some money wins! Next on your plate is digging in on your life insurance plus saving more for retirement. One key thing you should be doing to protect your kids is having at least 10x your income in life insurance and potentially 10x your income + $100K for college. While we don't have a session on insurance, use part of the day to check out this article on how much insurance you need and how to decide between different types of insurance (spoiler alert: term insurance is much cheaper and often a better option than whole!). Then, take the time to sign up! Based on your answers to this quiz, we recommend that you join our Retirement session, Goal Setting and Prioritization, and Credit Cards, Spending, and Automating Your Money. We know there are a lot of things competing for your dollars (529 savings versus an extra mortgage payment versus vacation), we will go through some goal-setting exercises to help you decide how to meet your goals next year and in ten years and dig in on your spending to see if there are places you can make tweaks to free up money to fund other goals. In the latter session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement. What will the return on your day be?
6.
Retirement + Maternity Planning
Your results You're doing a great job staying out of credit card debt and building up emergency savings in case you get a big medical bill, move, or have other big expenses all hit at the same time. Pat yourself on the back and celebrate some money wins! Next on your plate is saving more for retirement and planning for kids. Common benchmarks say you should have at least your current salary saved by the time you're 30 and two times your current salary by 35. We recommend you join our sessions on Goal Setting and Prioritization; Retirement; Credit Cards, Spending, and Automating your Money; and Maternity Planning. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. With retirement, vacations, and planning for baby competing for your dollars, how should you prioritize? In the next session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have >$50K more in retirement. Check out this Fidelity post with some examples based on income and the age you start saving more. What will the return on your day be?
7.
Retirement + Investing
Your results You're doing a great job staying out of credit card debt and building up emergency savings (just in case!). Next on your plate is saving more for retirement. Common benchmarks say you should have at least your current salary saved by the time you're 30 and two times your current salary by 35. We recommend you join our sessions on Goal Setting & Prioritization; Credit cards, Spending, and Automating Your Money, and Retirement. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. If you can reduce your spending and increase your automated retirement savings 1% per year, you will easily have $50K more in retirement. Finally, since you're doing a great job accumulating assets, join our session on Investing. Depending upon your total savings, improving your returns should easily equal $5K in value over a 20-year time frame (a 1% higher return on $100K in savings over 20 years is a $40K increase!). What will the return on your day be?
8.
Emergency Fund + Prioritizing with Kids
Your results You're doing a great job staying out of credit card debt and saving for retirement. However, you need to build up an emergency fund so if you get in a car accident, have big medical bills, or lose your job, you will have a buffer to keep you out of debt. In addition, you're thinking about buying a house. We recommend you join our sessions on Goal Setting & Prioritization and Credit cards, Spending, and Automating Your Money. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. How do you pick which is more important - a down payment, retirement or your kid's 529? After you have set goals, in the Credit Cards, Spending & Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals like saving that down payment automatically each month. Finally, in the Buying a Home session we will also help you check your credit score, learn tips to raise your credit score, and how to reduce your interest rate so you save $5K+ on your mortgage. What will the return on your day be?
9.
Retirement + Emergency Fund + Investing
Your results You're doing a great job staying out of credit card debt and building up emergency savings in case you get a big medical bill, move, or are unable to work for a few months. Next up to getting your financial house in order is building your retirement savings. The earlier you start saving, the less you will have to save (thanks compounding interest). We recommend you join our sessions on Goal Setting & Prioritization; Credit cards, Spending, and Automating Your Money, and Retirement. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. If you can reduce your spending and increase your automated retirement savings 1% per year, you will easily have $50K more in retirement. In the latter session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. What will the return on your day be?
10.
Emergency Fund + Maternity Planning
Your results You're doing a great job staying out of credit card debt and saving for retirement. Pat yourself on the back and celebrate some money wins! However, you need to build up an emergency fund so if you get in a car accident, have big medical bills, or can't work for several months, you will have a buffer to keep you out of debt. In addition to building an emergency fund, you're also thinking about having kids. We recommend you join our sessions on Credit Cards, Spending, and Automating your Money, Maternity Planning, and Goal Setting and Prioritization. How do you pick which is more important - building up your emergency fund, retirement or your kid's 529? We will walk through some goal setting exercises to help you identify your financial goals and how to achieve them. In the Credit Cards, Spending, and Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement OR if you can renegotiate your insurance, cable, and utility bills to spend $200 less per month, you can have $2,400 built up in an emergency fund within the year. What will the return on your day be?
11.
Emergency Fund + Student Loans + Retirement
Your results You're doing a great job staying out of credit card debt but you need to start building up an emergency fund so if unexpected expenses come up (like medical bills, a car accident) or you were to lose your job that you have a buffer against debt. We recommend that you join our sessions on Goal Setting & Prioritization, Credit Card, Spending, and Automating Your Money, Student Loans and Retirement. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. In the second session, we will focus on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can renegotiate your insurance, cable, and utility bills to spend $200 less per month, you can have $2,400 built up in an emergency fund within the year OR if you put that extra money towards student loans, you might pay off your debt two years faster saving on interest. Finally, don't forget about your future self. Thanks to compounding interest, the earlier you start saving the less you need to save. While achieving all these goals might be overwhelming, spending a day focusing on your money is a first day to getting there. What will the return on your day be?
12.
Optimizing + 401K Roll Over
Your results You're doing a great job staying out of credit card debt, maintaining an emergency fund (just in case!), and saving for retirement. You're being the independent woman Beyonce always wanted you to be! The next step is making sure you're optimizing your savings. We recommend that you attend the session on Goal Setting and Prioritizing, Credit Cards, Spending and Automating Your Money, 401K / 403b and 401K Roll Over, and Investing. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your short-term and long-term goals and figure out how you will achieve them. If you're trying to save for starting a business and funding your retirement, where should that extra dollar go? In the Credit Cards, Spending & Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? You're doing a good job managing your spending already. For you, a key piece will be automating transfers so you are building towards your goals automatically each month. The last two session around to help you optimize. If you have a retirement plan from an old job, we will help you understand the fees in your plan (yes, 401Ks have fees) and if it makes sense to roll it over to an IRA or your current job. Finally, in the sesion on Investing, we will also cover through some retirement vehicles like Health Savings Accounts which are often overlooked and will make sure you have a smart allocation of assets in your retirement accounts and other investing portfolios. A 1% higher return on $100K over 20 years is >$40K! A similar swing in 401K fees (e.g., from 1.2% to 0.2%) can have an even bigger impact on your finances. What will the return on your day be?
13.
Life Insurance + Optimizing
Your Results You're doing a great job avoiding credit card debt, maintaining an emergency fund, and saving for retirement. Next on your plate is signing up more life insurance plus making sure you're optimizing your investings. One key thing you should be doing to protect your kids is having at least 10x your income in life insurance and potentially 10x your income + $100K for college. Check out this article on how much insurance you need and how to decide between different types of insurance (spoiler alert: term insurance is much cheaper and often a better option than whole!). The next step is making sure you're optimizing your savings. We recommend that you attend the sessions on Goal Setting & Prioritizing, Credit Cards, Spending, and Automating Your Savings, Investing and Retirement. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your short-term and long-term goals and figure out how you will achieve them. If you're trying to save for college and fund your retirement, should that extra dollar go to maxing out your 401K or a 529? In the Credit Cards, Spending & Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? You're doing a good job managing your spending already but can you renegotiate a few bills to give you another $100 / month to direct to savings? Next, you will set up automated transfers so you are building towards your goals automatically each month. Finally, in the Investing session, we will also cover through some retirement vehicles like Health Savings Accounts which are often overlooked, and will discuss what a smart allocation of assets in your retirement accounts and other investing portfolios should look like. A 1% higher return on $100K over 20 years is >$40K! A similar swing in 401K fees (e.g., from 1.2% to 0.2%) can have an even bigger impact on your finances so you should also consider the session on 401K / 403b and 401K Rollover if you have an old retirement plan. What will the return on your day be?
14.
Optimizing & Goal Setting
Your results You're doing a great job avoiding credit card debt, maintaining an emergency fund, and saving for retirement. Pat yourself on the back, you are well on the path to being the independent woman Beyonce always wanted you to be! The next step is making sure you're optimizing your savings. We recommend that you attend the sessions on Goal Setting & Prioritizing; Credit Cards, Spending & Automating Your Money; and Investing. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your short-term and long-term goals and figure out how you will achieve them. If you're trying to plan for baby and buy a house, should that extra dollar go to a down payment or a college fund? In the Credit Cards, Spending & Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? You're doing a good job managing your spending already but can you renegotiate a few bills and free up $200 / month towards one of your goals? For you, a key piece will be automating transfers so you are building towards your goals automatically each month. In addition, in the Investing session, we will also cover retirement vehicles like Health Savings Accounts which are often overlooked, and will discuss what a smart allocation of assets in your retirement accounts and other investing portfolios should look like. A 1% higher return on $100K over 20 years is >$40K! A similar swing in 401K fees (e.g., from 1.2% to 0.2%) can have an even bigger impact on your finances. Therefore, if you have a retirement plan from an old job, we will help you understand the fees in your plan (yes, 401Ks have fees) and if it makes sense to roll it over to an IRA or your current job's retirement plan. Our goal is to help you automate your savings so you can set it and leave it with just periodic check-ins during the year. What will the return on your day be?
15.
Optimizing while Planning for Kids
Your Results You're doing a great job avoiding credit card debt, maintaining an emergency fund, and saving for retirement. Pat yourself on the back, you are well on the path to being the independent woman Beyonce always wanted you to be! The next step is making sure you're optimizing your savings. We recommend that you attend the sessions on Goal Setting & Prioritizing, Credit Cards, Spending & Automating Your Money, Maternity Planning, and Investing. All good financial planning starts with goal setting. We recommend that you join this session if you want to brainstorm your short-term and long-term goals and figure out how you will achieve them. If you're trying to save for college and retirement, should that extra dollar go to a 529 plan or your 401K? In the Credit Cards, Spending & Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? Do you have too much cash in your checking account? You're doing a good job managing your spending already. For you, a key piece will be automating transfers so you are building towards your goals and making sure your money is working for you automatically each month. In the Investing session, we will also review some retirement vehicles like Health Savings Accounts which are often overlooked,and will discuss what a smart allocation of assets in your retirement accounts and other investing portfolios should look like. A 1% higher return on $100K over 20 years is >$40K! A similar swing in 401K fees (e.g., from 1.2% to 0.2%) can have an even bigger impact on your finances. We know you're thinking about starting your family. In the Maternity Planning session, we will talk through how to plan for baby so can achieve your personal, profession, and financial goals. Finally, in the Retirement or 401K / 403B and 401K Roll Over sessions, we will talk about optimizing your retirement. If you have a retirement plan from an old job, we will help you understand the fees in your plan (yes, 401Ks have fees) and if it makes sense to roll it over to an IRA or your current job's retirement plan. Once you understand your 401K fees and have all your accounts in one place, in the Retirement session, we will review some benchmarks for how to know if you're on track and will go through some exercises, so you know your retirement numbers and what you need to retire. Our goal is to help you automate your savings so you can set it and leave it and watch your progress towards your goals. What will the return on your day be?
16.
Life Insurance + Emergency Fund
Your Results You're doing a great job avoiding credit card debt and and saving for retirement. Pat yourself on the back! Next on your plate is building an emergency fund and signing up for life insurance. To protect your kids, many recommend having at least 10x your income in life insurance and potentially 10x your income + $100K for college. Check out this article on how much insurance you need and how to decide between different types of insurance (spoiler alert: term insurance is much cheaper and often a better option than whole!). We recommend you join our sessions on Credit Card, Spending, and Automating your Money and Goal Setting and Prioritization. All good financial planning starts with goal setting. In this session, we will help you brainstorm your own short-term and long-term financial goals and figure out how you will achieve them. If you're trying to save for college and retirement, should that extra dollar go to a 529 plan or your 401K? In the session on Credit Cards, Spending, and Automating Your Money, you will do a deep dive into your spending to identify if there are places you can trim. Next, we will help you set up automated transfers to yourself in an emergency fund. This way if you have medical bills, move, or can't work for several months you have a buffer against debt. Our aim is to get you to $5K in value by helping you identify your goals, automating steps to get there (e.g., automatic transfers to an emergency fund or 529), and making sure you and your family are protected against the unexpected. What will the return on your day be?
17.
Goal Setting + Student Loans
Your Results You're doing a great job managing your spending and staying out of credit card debt. We know there are a lot of things competing for your money - paying off your student loans, food, retirement, etc. We recommend you attend our sessions on Goal Setting & Prioritization, Credit Cards, Spending, and Automating Your Money, and Student Loans. All good financial planning starts with setting goals. How do you pick which is more important - building an emergency fund, retirement or paying off your student loans? Not only will we help you set goals, but in the Credit Card, Spending, and Automating Your Money session we will do exercises to help you identify where your money is going, find the places you may be able to trim, and automate your savings and payments so you are achieving your money goals while you sleep. Finally, we will help you dig in on your student loans and identify if it may make sense to refinance at a lower interest rate or if you should automate an extra payment each month to help you pay off loans faster. Someone with a $10K loan and a 10-year loan term, could save ~$1,800 if their interest rate went from 7% to 4% by refinancing. While that's a big number, it's nowhere near as big as the impact of increasing your retirement savings an extra 1% per year in your 20s or 30s. What's your situation and where can you get the biggest return on your day?
18.
Emergency Fund + Student Loans + Retirement
Your Results You're doing a great job managing spending and staying out of credit card debt. Your next step is to come up with a plan for paying off your student Loans, saving for retirement, and building an emergency fund! We recommend you join our sessions on Goal Setting & Prioritization Credit Cards, Spending and Automating your Money, and Student Loans. We know you have a lot of things competing for your money. During the session on goal setting, we will help you to set some goals so you can build a framework for deciding if that extra dollar goes to debt, retirement, or that dream trip. In Credit Cards, Spending and Automating Your Money, we will dig in on your spending so you can see the whole picture and identify a few places to save money (e.g., renegotiating your auto insurance). The next step will be to automate those payments so you're paying yourself first. Finally, Student Loans and Retirement. While it may be tempting to focus first on your loans, the earlier you start saving for retirement the less you have to save total (thanks compounding interest). At the same time, since there may be an opportunity to refinance your loans or negotiate a lower payment, it may make sense to start here so you can knock money off your interest payments long term. As an example, someone with a $10K loan and a 10-year loan term, could save ~$1,800 if their interest rate went from 7% to 4% by refinancing. While that's a big number, it's nowhere near as big as the impact of increasing your retirement savings an extra 1% per year in your 20s or 30s. What's your situation? What will the return on your day be?
19.
Emergency Fund + Kids
Your Results You're doing a great job staying out of credit card debt and saving for retirement. Take a minute to pat yourself on the back for some money wins! However, you need to build up an emergency fund so if you get in a car accident, have big medical bills, or lose your job, you will have a buffer to keep you out of debt. This becomes even more important if you add kids to the mix - unexpected bills pop up a lot more when you have a little one to care for! We recommend you join our sessions on Goal Setting & Prioritization, Credit Card, Spending, and Automating Your Money, and Maternity Planning. All good financial planning starts with goal setting. How do you pick which is more important - building an emergency fund, retirement or your kid's 529? Not only will we help you set goals, but in the Credit Card, Spending, and Automating Your Money session we will do exercises to help you identify where your money is going, places you may be able to trim, and how you can automate some cash each month to build up on emergency fund helping you get $5K in value. Finally, in the Maternity Planning session we will talk through how to plan for baby so you can achieve your personal, professional, and financial goals. What will the return on your day be?
20.
E. Fund + Kids + House
Your Results You're doing a great job staying out of credit card debt and saving for retirement. Take a minute to feel good about those wins! The next step is to build up an emergency fund so you're protected in case you can't work for several months, have unexpected medical bills hit, etc. We recommend you join our sessions on Goal Setting and Prioritizing, Credit Cards, Spending and Automating Your Money, Maternity Planning, and Buying a Home. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your financial goals and figure out how you will achieve them. If you're trying to plan for baby and buy a house, should that extra dollar go to a down payment or building up an emergency fund to pay for all the unplanned costs that can crop up during pregnancy? While you don't have credit card debt, the Credit Cards, Spending, and Automating Your Money session will help you dig in on your spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals like buying a house and building up an emergency fund? The second piece will be automating transfers so you are building towards that down payment automatically each month. Finally, the sessions on Maternity Planning and Buying a Home will help you plan for two big life decisions and will dig in on how to raise your credit score to reduce your mortgage rate or how to negotiate with your boss so you can maintain your salary but get more flexibility. What will the return on your day be?
21.
Emergency Fund + Planning for Baby
Your Results You're doing a great job staying out of credit card debt and saving for retirement. Take a minute to feel good about those wins! The next step is to build up an emergency fund so you're protected in case you can't work for several months, have unexpected medical bills hit, etc. We recommend you join our sessions on Goal Setting and Prioritizing, Credit Cards, Spending and Automating Your Money, and Maternity Planning. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your financial goals and figure out how you will achieve them. If you're trying to plan for baby and build an emergency fund, should that extra dollar go to building up an emergency fund or decorating the nursery? While you don't have credit card debt, the Credit Cards, Spending, and Automating Your Money session will help you dig in on your spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals like buying a house and building up an emergency fund? The second piece will be automating transfers so you are building towards your goals automatically each month. Finally, in the session on Maternity Planning we will talk about how to plan for baby so you can achieve both your professional, personal, and financial goals. What will the return on your day be?
22.
Emergency Fund with Kids + House
Your Results You're doing a great job staying out of credit card debt and saving for retirement. You're also protecting you and your family by having life insurance. Take a minute to feel good about those wins! The next step is to build up an emergency fund so you're protected in case you can't work for several months, have unexpected medical bills hit, etc. We recommend you join our sessions on Goal Setting and Prioritizing, Credit Cards, Spending and Automating Your Money, and Buying a House. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your financial goals and figure out how you will achieve them. If you're trying to save for college and buy a house, should that extra dollar go to a 529 plan or saving for a down payment? While you don't have credit card debt, the Credit Cards, Spending, and Automating Your Money session will help you dig in on your spending. Where is your money going now and can you trim spending or renegotiate your bills to help you fund some of your goals like buying a house and building up an emergency fund? The second piece will be automating transfers so you are building towards that down payments automatically each month. Finally, in the session on Buying a Home we will discuss when to rent and when to buy plus how to check your credit score so you can minimize the interest you will pay on your loan. What will the return on your day be?
23.
Emergency Fund + Kids + Retirement
Your Results You're doing a great job staying out of credit card debt and saving for retirement. You're also protecting you and your family by having life insurance. Take a minute to feel good about those wins! The next step is to build up an emergency fund so you're protected in case you can't work for several months, have unexpected medical bills hit, etc. We recommend you join our sessions on Goal Setting and Prioritizing, Credit Cards, Spending and Automating Your Money, and Retirement. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your financial goals and figure out how you will achieve them. If you're trying to save for college and fund your retirement, should that extra dollar go to maxing out your 401K or saving for college? While you don't have credit card debt, the Credit Cards, Spending, and Automating Your Money session will help you dig in on your spending and automate to achieve your goals. Where is your money going now and are there a few places to trim that can help you fund some of your goals like funding retirement and building up an emergency fund? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have >$50K more in retirement. Check out this Fidelity post with some examples based on income and the age you start saving more. Finally, in the session on Retirement we will review how much money you need to retire, how to tell if you're on track, and how to invest your money to get the optimal return. A 1% higher return on $100K over 20 years is >$40K! A similar swing in 401K fees (e.g., from 1.2% to 0.2%) can have an even bigger impact on your finances. If you're not sure what your 401K fees are or if you have a retirement plan from an old job, join the 401K / 403b and 401K Rollover session to dig in on your fees. What could the return on your day be?
24.
E. Fund + Retirement + Kids + House
Your results You're doing a great job avoiding credit card debt. That's a money win! Next, you need to start thinking about building an emergency fund (4-5 months of living expenses in case you lose your job, have a big medical bill, move, etc.) and increasing your savings for the future so you can be ready to buy a home and start a family. We recommend you join our sessions on Goal Setting & Prioritization; Credit Cards, Spending, and Automating Your Money; and Buying a Home. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and thinkabout how to achieve them. In the latter session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement OR if you can renegotiate your insurance, cable, and utility bills to spend $200 less per month, you can have $2,400 built up in an emergency fund within the year. What will the return on your day be?
25.
E. Fund + Retirement + Kids
Your Results You're doing a great job avoiding credit card debt. That's a money win! Next, you need to start thinking about building an emergency fund (4-5 months of living expenses in case you lose your job, have a big medical bill, move, etc.) and increasing your savings for the future so you are ready to start a family. We recommend you join our sessions on Goal Setting & Prioritization; Credit Cards, Spending, and Automating Your Money; and Maternity Planning. All good financial planning starts with goal setting. In the first session, you will brainstorm your short-term and long-term financial, personal, and professional goals and think about how to achieve them. In the latter session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement OR if you can renegotiate your insurance, cable, and utility bills to spend $200 less per month, you can have $2,400 built up in an emergency fund within the year. While it can be tempting to delay Retirement savings, due to the power of compounding interest, the earlier you start saving, the less you have to save. We also recommend attending our session on Retirement so you know what you need to do to be on track. What will the return on your day be?
26.
Retirement & Goal-Setting with Kids
Your Results You're doing a great job avoiding credit card debt, creating an emergency fund (just in case!), and protecting you and your family with life insurance. Start by patting yourself on the back for some BIG money wins! Based on your answers to this quiz, we recommend that you join our Retirement session, Goal Setting and Prioritization, and Credit Cards, Spending, and Automating Your Money. We know there are a lot of things competing for your dollars (529 savings versus an extra mortgage payment versus vacation), we will go through some goal-setting exercises to help you decide how to meet your goals next year and in ten years and dig in on your spending to see if there are places you can make tweaks to free up money to fund other goals. In the latter session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? The second piece will be automating transfers so you are building towards your goals automatically each month. If you can reduce your spending or increase your automated retirement savings 1% per year, you will easily have $50K more in retirement. What will the return on your day be?
27.
E. Fund + Buying a Home + Optimizing
Your Results You're doing a great job avoiding credit card debt and saving for retirement. Pat yourself on the back, those are big money wins. The next step is building an emergency fund, four to six months of living expenses that can get you through if you have unexpected medical expenses or lose your job. This is a prerequisite to buying a house since that fund will also be there if the water heater blows out and you need to replace it. We recommend that you attend the sessions on Goal Setting & Prioritizing; Credit Cards, Spending & Automating Your Money; and Investing. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your short-term and long-term goals and figure out how you will achieve them. If you're trying to build an emergency fund and the down payment on a house, which comes first? In the Credit Cards, Spending & Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? You're doing a good job managing your spending already but can you renegotiate a few bills and free up $200 / month towards one of your goals? For you, a key piece will be automating transfers so you are building towards your goals automatically each month. In addition, in the Investing session, we will also cover retirement vehicles like Health Savings Accounts which are often overlooked, and will discuss what a smart allocation of assets in your retirement accounts and other investing portfolios should look like. A 1% higher return on $100K over 20 years is >$40K! A similar swing in 401K fees (e.g., from 1.2% to 0.2%) can have an even bigger impact on your finances. What will the return on your day be?
28.
E. Fund + Investing
Your Results You're doing a great job avoiding credit card debt and saving for retirement. Pat yourself on the back, those are big money wins. The next step is building an emergency fund, four to six months of living expenses that can get you through if you have unexpected medical expenses or lose your job. We recommend that you attend the sessions on Goal Setting & Prioritizing; Credit Cards, Spending & Automating Your Money; and Investing. All good financial planning starts with goal setting. We recommend that you join this session to brainstorm your short-term and long-term goals and figure out how you will achieve them. If you're trying to build an emergency fund and the down payment on a house, which comes first? In the Credit Cards, Spending & Automating Your Money session, we will include an exercise on spending. Where is your money going now and are there a few places to trim that can help you fund some of your goals? You're doing a good job managing your spending already but can you renegotiate a few bills and free up $200 / month towards one of your goals? For you, a key piece will be automating transfers so you are building towards your goals automatically each month. In addition, in the Investing session, we will cover retirement vehicles like Health Savings Accounts which are often overlooked, and will discuss what a smart allocation of assets in your retirement accounts and other investing portfolios should look like. A 1% higher return on $100K over 20 years is >$40K! A similar swing in 401K fees (e.g., from 1.2% to 0.2%) can have an even bigger impact on your finances. If you have a 401K from an old job, make sure to join the session on 401K / 403B and 401K Roll Over to understand the fees in that account and if it makes sense to roll your old retirement plan into an IRA or your new employer's plan. What will the return on your day be?