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financial advice
Wellness
Published Monday Apr 16, 2018 by Loretta Shapiro

How to Find Balance When It Comes to Your Finances

Expert Advice
Personal Growth

Tax season has come and gone (phew!), and while many Americans find themselves rolling in a refund, others will owe money. Whether you have a “windfall of funds”—extra money—or are reluctantly reaching into some savings to pay your taxes, these actions can create an attitude of “What am I going to do?” Save or spend? 

According to a survey from the American Psychological Association, more than 60 percent of Americans stress about money. Yep, you read that right. 60 percent! It’s important to remember that your health includes your wealth. If your finances are out of whack, so are you. And if you’re constantly worried about how you’re going to pay bills, this can take a toll on your emotional, mental and physical health.  

Looking to push the reset button on your cash flow? Follow these three tips to find balance in your financial life and get your overall wellness in check!

1. Rework Your Refund

Getting money back? It can be easy to spend it on something big, but maybe it’s time to rethink your refund. Take your tax return and apply the majority of what you get back from the government to any credit card debt you have. Start with the ones with the highest interest rate. Next, add some money—even if it’s not a huge amount!—to an emergency savings fund. Finally, don’t forget to spend a little on you! You worked hard, and you deserve to treat yo’ self. 

2. Build A Budget

The first step to finding financial balance is through creating a personal financial statement at least twice a year. The simple way to accomplish this is to take a sheet of paper and draw a line down the center. On the left side, list all your assets—funds in checking/savings, value of cars, home, and any property or investments that you may have. On the right, list the balances of all the debt (liabilities) that you have—what you owe on credit cards, loans, home loan, car loans, etc. At the bottom of the page, subtract the difference between your assets and liabilities—that’s your net worth. This practice will help you see your big financial picture. 


3. Make it Monthly

Now it’s time to establish a monthly financial statement. Again, the easiest way is to get a sheet of paper and list your total monthly income (take-home pay) at the top. Under this list, write down your monthly payments of all bills including house, car, credit cards, etc. Don’t forget to include things like daycare, cell phone bills, utilities, insurance, gym memberships, manicures—all monthly expenses. Need a little extra help? Consumer.gov has a few handy worksheets to use. Lastly, take a long, hard look at your monthly expenses and see if there are any items that you can live without. Are you spending $5 per day at Starbucks? Going out to too many work lunches? Can you make that $9 smoothie at home? It adds up! Trade dinners and drinks out for hitting the gym or going for a run. Slash those expenses and try to pay down some of the debt you owe.




Breaking down your finances so you can see where you are and where you are going is a real eye-opening experience. Bestselling author and finance guru, Jean Chatzky, says her money philosophy is to “spend less than you earn.” It sounds easy, but dealing with your dollars can be a challenge. Just like eating clean or exercising, be mindful of your spending and work on practicing financial balance daily to get ahead. It’s never too late to start!

Loretta Shapiro
Written by
Loretta Shapiro
Contributor | Financial Executive
About the author
Loretta Shapiro has a passion for exercise, health, and fitness. She has competed in over ten half-marathons, regularly runs 5Ks in her local area, and is a member of Tribe Team Fitness at her gym. Her role as a Bank Vice President keeps her desk-bound during business hours, so she tries to get active before or after work most days. As a mom of two teen daughters, encouraging people to lead a healthier and more financially fit lifestyle is her game!
breast cancer awareness month
Fitness
Published Tuesday Sep 27, 2022 by Bree Lewis

October is Breast Cancer Awareness Month—Here’s How You Can Make a Difference

Approximately 12,000 women aged 40 or younger are diagnosed with breast cancer every year*. Fortunately, there are preventative steps that we can take to help protect ourselves and each other—one of the best ones being exercise. That’s right. Not only does exercise help us release endorphins, but just 30 minutes of exercise three to four times per week can help decrease a person’s risk of developing breast cancer by 30–50%*.

This is hope in a statistic. Just by adopting a more healthy, active lifestyle, we could prevent the risk of developing breast cancer, while also inspiring others to reduce their risk as well. Keep A Breast Foundation has made doing just this their mission through their annual fundraising campaign, Fit 4 Prevention.

Every October, studios from all over the globe participate by raising money through donation-based workout classes for the Keep A Breast Foundation (KAB). They have created a national movement dedicated to educating others about breast cancer prevention through fitness and wellness—something Mindbody is extremely passionate about. Participating in your favorite activities, all while supporting, preventing, and spreading awareness about breast cancer awareness? Let’s get moving.

Encourage your favorite studio to sign up for the event

If you want to take a donation-based class at your favorite studio, encourage your favorite studios to sign up to bring your community closer together in a meaningful way. Registering is quick and easy. If you think your local studio may be interested in participating, have them check out KAB’s help pagewhere they can learn how to register for a donation-based class during the month of October. KAB even has a social media kit available to fitness studios to help them promote their donation-based classes.  

Other ways to help

Can’t find a local studio to take a donation-based class near you? Don’t worry, you can still give your support by donating directly to KAB’s website. Luckily, any time that you are moving your body and spreading the word—you’re doing your part in spreading awareness on how to help prevent breast cancer. That is beyond amazing.

This October, we hope you’ll join us in our plight to support the KAB Foundation and its mission to help prevent breast cancer through cultivating a healthier, more active lifestyle. Through movement, health, and wellness—we can reach great heights, together.

To learn more about the KAB Foundation and its mission and how you can get involved further, visit their website.

* National Cancer Institute

bree lewis headshot
Written by
Bree Lewis
Marketing Content Associate
About the author
Born and raised in a small mountain town just south of Yosemite National Park, Bree is an avid lover of health, wellness, and connecting to the outside world around us. As a Cal Poly English major alumn, she has a knack for books, writing, and all things words. In her free time, she enjoys being outside, drinking craft beers, and keeping life jazzy!