At iMoneyCoach we can help you say “I LOVE My Life!”
To help you do that we have developed the iMoneyCoach Financial Life Training System, a series of online courses designed to teach you how to do better with your money and get you to a place where you can enjoy your life.
The iMoneyCoach Financial Life Training System is a series of online courses that are fully narrated and interactive, including videos, quizzes, and worksheets to help make the process of managing your finances easier and exciting. In less than 3 months you can be well on your way to financial success and a life you LOVE!
In these courses you will learn:
- How to get out of debt
- How to create and adjust a budget that fits your life
- How to set and reach goals, both financial and in other areas of your life
- How to create balance in your life that will allow you to be successful with your finances
- Much much more!
Be sure to check out the iMoneyCoach Financial Life Training System today – it will change your life!
And watch this video to learn more about the iMoneyCoach University and Financial Life Training System.
At iMoneyCoach our goal is your success. We can’t wait to walk with you on this journey to financial freedom!
A lot of the people we work with at iMoneyCoach have something in common. They’ve got some debt – they’ve tried various methods of getting out of debt, but somehow they end up back in the same place (and unfortunately sometimes worse off than before). Sound familiar? Have you tried the workbooks, seminars, TV shows, support groups, etc? And did they work for a while, but then life crept back up on you and somehow that debt came back?
When you get out of debt, in order to stay out of debt it is vital to address the real issues that cause debt in the first place. You see, our lives have more of an impact on our finances than you may have realized. In fact, everything we do and every decision we make affects or is affected by our finances. Our lives and our finances are intertwined. Therefore, when we have issues in our lives, we often use our finances to try to fix them.
You may have read some good books or gone to some great seminars on getting out of debt. There is some great advice and really neat methods out there for getting out of debt. But like the latest diet fad, most of those things work for a little while but then life kicks in. You find that you can’t live on only orange juice for the rest of your life. In your finances, you find that you can’t live solely on the financial advice that those programs have offered.
Another comparison to health and dieting is the need for a lifestyle change. Truly fixing your finances requires you to make lasting changes rather than quick fixes. Just like you know you need to eat a balanced diet and get regular exercise, with your money you need to maintain a healthy financial lifestyle.
Ok, so where do you start? Well, you take a good look at all the areas of your life to see what might issues might be causing problems for you financially. A life coach can really help you with this so you can tackle those issues right away, so it’s a good idea to get in touch with one. Then you can start working on finding balance in your life, meaning that you are working on fixing problems and taking steps toward success in all areas, not just one. This Life Balance is important because you can get ahead in a bunch of areas of life, but it only takes one that is floundering to hold you back.
Once you’ve made some changes and are working on your Life Balance as well as your basic money management (budgeting, tracking spending, etc.), then you will start to see your finances pick up. And they can continue to get better and better. You will be able to get out of debt AND stay out of debt for good. It is a great feeling that leaves you motivated, happy, and energized. You never want to get out of debt only to sink back in. It’s time to start a lifelong change that will get you out of debt and keep you out so that you can reach your financial dreams.
Want to learn more about what a personal finance coach does?
Tags: debt, personal finance coach
I have recently come across many couples with differing ideas on how to handle the family budget. Often one spouse is in charge of the budget, paying bills, reconciling accounts…pretty much everything related to the family finances. And the other spouse has little say or control of the money. Some couples choose to have separate accounts and pay for certain expenses out of their own accounts.
Whatever your situation, I want to let you know how important it is to communicate as a team and make financial decisions together. The core iMoneyCoach philosophy is that money is the smallest part of your finances. Every decision you make and everything you do affects and is affected by your finances. So it is vital that as a married couple you are able to make those decisions together because they can impact your future, your dreams, your relationships…everything. Suppose you have a dream of retiring in 20 years after having paid for the kids to go to college. But one spouse decides that a yearly fancy vacation overseas is what the family needs to “bond.” That vacation may hinder your future dreams. Or those dreams may need to be altered if the family bonding is more important to you. Whatever the case may be, it’s best to talk it over with your spouse so that you can avoid big problems, miscommunications, and resentment later.
Here is a bit of advice. We all develop our views and attitudes towards money based on our prior experiences with money. While one person may grow up privileged and have a belief that there will always be enough money in the bank, another person may have grown up in a poor home and is constantly afraid that there will never be enough. These attitudes or fears present themselves in our behaviors and the decisions we make in regards to money. If 2 spouses come from very different backgrounds, it may take quite a bit of communication to not only get on the same page, but just to uncover the attitudes and beliefs about money of each spouse. In the end, though, it is worth the effort! You will find not only that you have strengthened your finances, but you will have a stronger marriage as well.
I won’t tell you today who needs to do what in regards to your finances, budgeting, pill-paying, etc. That is something you can decide. I am only asking that you make sure both spouses are involved in the finances. Give it a try and see what happens! Schedule time each week to sit down for a little bit and talk about your financial goals, spending, budget, and so on. Then come back and let me know what you discover about each other. And share with others the many wonderful benefits of working as a team on your finances!
Tags: budget, family finances, marriage
At iMoneyCoach we like to periodically give out advice that will help you avoid financial risk. Today I’d like to share an idea that can help keep criminals out of your home.
Digital photography makes snapping and sharing pictures easy. And with the ever-growing use of Smartphones and Wi-Fi, putting pictures online is become all the more popular. But is this new technology leading criminals right to your door?
Metadata is information about the photo that is stored in your digital photos, such as what type of camera you use or when the picture was taken. But it can also contain GPS coordinates – some phones with cameras, like the iPhone, automatically geotag (store coordinates) their photos. This GPS info could lead criminals right to you, your children, or your home. Imagine taking harmless pictures in your home that have something in the background a thief wants and is now able to get simply because of the metadata stored in the photo!
BUT you can remove the metadata from your photos. I’m including links, articles, and blogs here to help you understand more about metadata and photos and how to remove it:
Here is an article about a program you can use (for FREE because we like to save money at iMoneyCoach!) to remove metadata.
And this article about metadata includes a link to another metadata remover technology.
This blog talks more about removing geotag data and turning of the location setting on your phone’s
camera (and on your child’s phone!).
It is never our goal or intention to cause paranoia. At iMoneyCoach we believe in smart money management that includes an awareness of potential problems or financial risk and preventative action that is done out of intelligence rather than fear. So be sure you check out the links above and educate yourself about the potential risk of metadata in photos, and have a little peace knowing that you are doing something to keep criminals out of your home.
Tags: criminal, financial risk, metadata, money management
We’ve all had those days – a car tire blows out, the hot water heater stops working, the dentist says your child needs braces, the insurance bill shows up in the mail…All of these things can blow up your finances and cause major headaches. That is, unless you have planned for them. “But how can I plan for all these things if I don’t know that they will happen or when?” you ask. Let me share with you how having a periodic expense account can keep you on the road to financial freedom.
At iMoneyCoach we teach all of our clients about the importance of having a periodic expense account. It is a savings account that you use to keep enough funds for a “financial emergency” that is likely to come up, like car or home repairs, or bills that come once or twice a year like insurance or even newspaper dues. When you create a line item in your budget to make sure you are putting aside a certain amount each month into that account, then when something does come up you don’t have to sweat it.
A good financial coach will always share with you the value of a periodic savings account. Whether you are trying to get out of debt or have gotten rid of your debt, you don’t want a big expense to plunge you further in and make it harder to live in financial freedom. If you are already working hard to get out of a hole, those kinds of expenses can feel like a pile of dirt being thrown right back on you if you are not prepared. Or if you’ve made it out of that pit, one of these “emergencies” could throw you right back in unless you are ready for it.
Having a periodic expense account is vital to the success of your budget. You make line items for all of your expenses, from groceries to clothes to the electric bill, PLUS an estimated amount for those unexpected expected items. If you know your insurance bill is $600 a year, you will put $50 a month into your periodic expense account so that when that bill comes you already have the money saved.
Plus you can estimate what you might need for car or home maintenance and repairs or other events. Then you set aside money each month, and when those things come up – voila! You have the money at your fingertips and can pay that bill without pulling out your hair.
So if there’s one thing you take away from iMoneyCoach today, let it be to open a periodic expense account! If you need help or have more questions about it, you can always contact us. You can also check out the iMoneyCoach University where we have a Financial Life Training System that will teach you exactly how to do Periodic Expense planning, plus budgeting, getting out of debt, setting goals, and much more.
Tags: budget, financial coach, financial emergency, period expense account
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