Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting How to budget using the envelope method  If you struggle to make your money last until payday, you certainly aren’t alone. Millions of people have the same money worries heading toward the end of the month: that there isn’t enough in the bank account to cover the bills we need to pay. There are many different budgeting tools and a host of smartphone apps that you could use to...

Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting Overdraft fees and how to avoid them  Overdraft fees are charged when you don’t have enough cash in your account to cover a payment you’ve made, and as part of an overdraft protection service, the bank covers the difference for you. The bank applies a fee for covering the transaction. Essentially, you have to pay back the amount that the bank lent you to cover the difference between what...

Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting Different ways you could pay your utilities to save cash  Keeping up with multiple due dates for your bills can be tricky, but it’s an essential skill to master. We’ve highlighted some key cash-saving opportunities and shared some guidance on how to stay on top of your payments.  Paying your bills in full, and on time, can have a positive impact on your credit score. It shows...

Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting 5 steps to take if you experience a loss of income  If you or your partner have just lost your job, there are probably a lot of thoughts going through your mind, and you likely are anxious about what will happen next—will you get a job and how will you pay the bills until that happens.   Here are a few steps you can take to lessen the financial burden and position yourself to bounce back.  What...

Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting Different types of money stress and how to reduce it It’s hard to fix a problem without knowing what the cause is. There are many ways money can cause stress, but they often fall into three categories: A) Stress about not having enough to cover today Not being able to pay your bills on time Feeling overwhelmed by debt B) Stress about not being prepared for the future Worry about...

Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting How to guard against lifestyle creep ‘Lifestyle creep’ describes the tendency we all have to spend more as we earn more. Of course, a level of lifestyle inflation is inevitable and quite natural – most of us don’t live as frugally as we did when we were students, or starting out in our first job. But if unchecked this can create the unwelcome situation where although we earn...

Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting How to make your work bonus work hard You’ve worked hard for your bonus, now let’s let it work hard for you! Below we look at a handful of options for spending or saving your hard earned money… Chip away at debt It might not give you the same feeling as spending it on something nice, but using some or all of your bonus to clear a chunk of debt might make it go further...

Learn Login to MyFinFit FinFit Learn  |  Spending & Budgeting How to create (and stick to) a spending plan when money is tight In today’s financial climate, adapting to economic shifts is crucial. The 50/30/20 rule, recommended for its straightforwardness, suggests dividing your take-home pay into 50% for necessities, 30% for desires, and 20% for future financial growth. Yet, in times of economic squeeze or income fluctuation, this strategy may...