>>>
>>> AS
>>> AS WE
>>> AS WE ENTER INTO THIS NEW YEAR, IT IS ALWAYS A GREAT TIME TO START THINKING ABOUT OUR
FINANCES, HOW WE ARE TAKING
CARE OF OURSELVES.
BRENDA IS A FINANCIAL COUNSELOR
WITH EVERGREEN CREDIT UNION,
AND BRENDA YOU PUT TOGETHER
THIS BOOK THAT ACTUALLY HELPS
PEOPLE BEGIN THE PATH OF
FINANCIAL WELLNESS.
IT IS CALLED "YOUR MONEY 101".
AND KEEPER COMING IN.
>> YOU 4@4@ARE WELCOME.
>> WHAT IS FINANCIAL WELLNESS
AND WHY IS IT SOMETHING
EVERYONE SHOULD BE THINKING
ABOUT?
>> EVERYONE FROM TIME TO TIME
IS FACED WITH 4@FINANCIAL WORRI.
WHAT HAPPENS IS, A LOT OF
PEOPLE ARE AFRAID TO TALK ABOUT
IS FACED WITH 4@FINANCIAL WORRI. WHAT HAPPENS IS, A LOT OF PEOPLE ARE AFRAID TO TALK ABOUT@
IT, AND IMPACTS THEIR LIFE AND
THEIR PRODUCTIVITY ON THEIR
JOB.
IT IMPACTS THEIR HEALTH AND
EVEN THERE MENTAL WELL-BEING.
>> YOU MENTIONED SOME 4@PEOPLE
ARE EMBARRASSED BY IT, BUT YOU
HAVE STATISTICS THAT SHOW THIS @
IS SOMETHING THAT IMPACTS A LOT
OF PEOPLE.
>> ABSOLUTELY.
WHEN EVERGREEN STARTED THE
PROGRAM IT WAS 4@REALLY IMPORTA
>> ABSOLUTELY. WHEN EVERGREEN STARTED THE PROGRAM IT WAS 4@REALLY IMPORTA@
FOR US TO HELP EVERYONE TO
UNDERSTAND THAT THEY ARE NOT
ALONE.
78% OF 4@AMERICANS ACTUALLY LIV
PAYCHECK TO PAYCHECK, AND WHAT
IS MORE EVEN ASTOUNDING 4@IS TH
THE PEOPLE WHO MAKE $100,000 OR
MORE, 10% OF THEM4@ ALSO LIVE
PAYCHECK TO PAYCHECK.
>> 4@SO EVERYTHING IS RELATIVE
THAT SENSE.
>> IT IS.
>> LET'S START AT THE BEGINNING
HERE.
WHAT DO YOU WANT?
EVERGREEN IS PUT TOGETHER A 4@
PROFIT AND LOSS SHEET.
THAT SOUNDS 4@LIKE SOMETHING TH
COULD GET PEOPLE ON THE RIGHT
TRACK.
WHAT SHOULD PEOPLE BE STARTING
WITH?
>> THE FIRST THING WE SHOULD DO
IS GET EVERYONE IN THE ROOM
TOGETHER.
IF YOUR SPOUSE IS WITH YOU, SIT
DOWN TOGETHER AND TRY TO GET A
HANDLE ON YOUR FINANCES.
YOU DO THAT BY PUTTING A PROFIT
AND LOSS 4@SHEET TOGETHER.
LIST OUT ALL OF YOUR EXPENSES,
PUT DOWN ALL 4@OF YOUR DEBTS TH
YOU OWE, ADD YO4@UR 4@INCOME IN
EVERYTHING CALCULATED SO THAT
YOU KNOW WHAT YOUR BOTTOM 4@LIN
IS.
A LOT OF PEOPLE WHO'VE COME
THROUGH THE PROGRAM DON'T TAKE
THE TIME TO 4@DO THIS, AND WHEN
WE DO THE EXERCISE THEY REALIZE
THEY HAVE BEEN RUNNING OUT OF
NEGATIVE EVER4@Y MONTH.
SAID THEY ARE SUBSIDIZING THEIR
BUDGET WITH CREDIT 4@CARD DEBT.
AND THAT'S WHAT4@ PEOPLE HAVE T
DO FIRST IN ORDER TO BE ABLE TO
KNOW WHERE TO BEGIN. 4@
>> SO, AT LEAST WRITING IT DOWN
SHOWS WHAT YOU ARE SPENDING
MONEY ON.
YOU ALSO 4@SAY ESTABLISH $1000
EMERGENCY FUND.
THAT'S DIFFICULT TO DO FOR A
LOT OF PEOPLE, BUT HOW DO 4@YOU
DO THAT?
>> 69% OF THE PEOPLE IN AMERICA
DO NOT HAVE $1000 IN AN
EMERGENCY FUND.
WE ALL KNOW A FLAT TIRE COULD
SET SOMEONE BACK.
ONCE YOU 4@DO THIS "WHERE DOES
YOUR 4@MONEY 4@GO" WORKSHEET, Y
KNOW WHERE TO START.
TRY TO PAY YOURSELF FIRST, EVEN
IF IT IS FIVE DOLLARS A WEEK, 4@
$10 A WEEK, THE MAGIC NUMBER IS
10%.
PAY YOURSELF FIRST, YOU ARE 4@4@
WORTH IT.
WE ARE NOT DOING THAT AS
AMERICANS, WE HAVEN'T BEEN
TAUGHT TO DO THAT.
START SLOW, SET 4@SMALL GOALS.
BUT 4@4@WRITE A GOAL DOWN, YOUR
FINANCIAL GOAL FOR THE YEAR.
YOU WANT TO BE OUT 4@OF DEBT?
DO YOU WANT TO GO TO HAWAII FOR
A FAMILY VACATION?
DO YOU WANT TO BUY A CAR OR
HOME?
IF YOU DON'T WRITE THE GOAL
DOWN YOU WILL NOT KNOW WHAT4@ T
WORK TOWARDS.
IT WILL BE A LOT EASIER TO
WRITE YOUR FINANCIAL GOAL DOWN,
GET YOUR SPENDING PLAN DONE,
UNDERSTAND WHERE YOUR MONEY
GOES AND THEN YOU CA4@N WORK TH
PLAN.
>> EVEN IF YOU HAVE 4@FAIRLY BI
RED CARD BILLS YOU SHOULD
ALWAYS 4@BE PAYING YOURSELF AT
LEAST A LITTLE 4@BIT.
>> WHAT WE LIKE TO DO, WE LIKE
TO WORK WITH EVERYONE ONE-ON-
ONE, FIRST OF ALL EVERYONE IS
COMING TO THE TABLE WITH 4@4@
SOMETHING DIFFERENT.
FIRST THING WE HAVE4@ TO DO IS
FIND OUT WHERE THEIR 4@MONEY
GOES.
WHAT WE FOUND IS ONCE PEOPLE DO
THAT, A LOT OF TIMES, THEY ARE
PAYING FOR MEMBERSHIPS AND
SUBSCRIPTIONS THAT THEY ARE NOT
EVEN USING ANYMORE.
AND ALL OF THAT LITTLE BIT OF
MONEY IS ADDING UP WHERE THEY
COULD BE TAKING UP, PAYING OFF
THEIR DEBT THAT IS REALLY4@ A
HIGH INTEREST RATE, 4@AND THEN,
ONCE THE DEBT IS PAID DOWN MAKE
SURE YOU ARE STILL PUTTING A
LITTLE BIT AWAY FOR 4@YOURSELF
WHILE YOU ARE DOING THAT.
BUT 4@YOU CANNOT DOING THAT
WITHOUT A PLAN AND
UNDERSTANDING WHERE YOUR MONEY
GOES.
>> ONE THING PEOPLE CAN BE
LOOKING AT YOU FOR HIS DEBT
CONSOLIDATION.
THERE ARE QUESTIONS YOU OFFERED
TOO THAT PEOPLE CAN BE ASKING
CREDITORS. 4@
WHAT IS AN EXAMPLE OF ONE OF
THOSE QUESTIONS THEY 4@CAN ASK
CONSOLIDATE THAT DEBT?
>> FIRST THING, IF YOU EVER
FIND YOURSELF IN TROUBLE, AND 4@
LIFE HAPPENS TO EVERYONE AT
SOME POINT, CONTACT YOUR
CREDITORS RIGHT AWAY AND TELL
THEM WE HAVE HAD 4@A PROBLEM.
SEE IF THEY CAN CHARGE YOU
INTEREST ONLY ON A LOAN, OR
MAYBE DO A SKIP A PAY FOR ONE
MONTH.
IT ALWAYS REACH OUT TO YOUR 4@
CREDITORS FIRST, THE PROBLEMS
DO NOT GO 4@AWAY.
SEE YOU ARE BETTER OFF TO HAD
THEM 4@STRAIGHT ON.
>> BRENDA WITH EVERGREEN CREDIT
UNION THANK YOU FOR COMING IN.
AND YOU HAVE BEEN KIND ENOUGH
TO GIVE US