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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!
black-owned beauty and wellness businesses
Beauty
Published Sunday Jan 30, 2022 by Denise Prichard

Black-owned Beauty and Wellness Businesses to Know

February is Black History Month—a celebration of the achievements and contributions of African Americans in society.  As the beauty and wellness industry becomes a more welcoming and inclusive space for all, we are taking this opportunity to continue to shine a light on the gap of inclusivity and diversity in our industry, and take action to promote, empower, and honor the Black community that shapes and grows wellness.  

While the beauty industry is making improvements—it's important to showcase and support Black businesses and the creatives in this space every day. To honor them, we're shouting out some of our favorite Black-owned beauty and wellness businesses to support. 

1. Beauty Bin 

Beauty Bin is a full-service day spa and dry bar located in Asheville, NC. With a focus on inclusivity for people of all backgrounds, genders, and races, their MO is to match the outer beauty of every client to their inner beauty. From eyelash extensions and hydrafacials to waxing and massage, Beauty Bin is a one-stop-shop for all the spa services.  
 

2. KIKA Stretch Studio  

The KIKA Method® is a gentle assisted stretching process that loosens up tight muscles freeing your body from pain and stress. By practicing this method, clients can experience decreased muscle tension, increased energy, enhanced flexibility, a substantial reduction in stress, improved posture and relaxation, and increased mental clarity. While its headquarters is located in Las Vegas, NV, they have multiple locations sprinkled throughout the US, including Atlanta, New York City, and Dallas—just to name a few.

3. Kimberly Coleman Salon 

At Kimberly Coleman Salon, their philosophy begins with promoting healthy tresses, elegant sets, unique accouterments, perfect pampering of hands and feet, and precision cuts. Known for working with models and celebrities, they fully appreciate and celebrate the diversity of their clientele which also includes super moms and warrior dads. 

4. Pressed Roots 

Pressed Roots was developed with the simple concept in mind—that everyone deserves access to easy, and quality hair care. What started as a single pop-up shop in Boston, grew to a multi-city pop-up tour, and is now slated to be the largest national hair salon franchise specializing in the care and styling of highly textured hair, they launched their first flagship location in Dallas, TX.  

5. SW3AT  

Jersey City resident, Alyza Brevard-Rodriguez started SW3AT. The company began as a fitness apparel line in 2015 but evolved into a sanctuary catered to health and wellness now known as SW3AT Sauna Studio—the first infrared sauna studio in Jersey City. The healing power of infrared heat therapy is a phenomenal option for holistic health proven to strengthen the immune system and provide relief from joint stiffness and muscle pain. It is also supportive of any fitness program as it aids in weight loss (you can torch up to 900 calories in a 45-minute session) while also detoxifying your body from some of the most harmful toxins. 

6. The TEN Nail Bar 

Kelli Coleman and Anika Jackson opened The TEN Nail Bar in Detroit to address a void in their city. They saw a need for a quality, modern nail bar that could also serve as a fun social space for Detroit’s residents and professionals. They designed the TEN to provide their clients with a #Perfect10 experience—where you can relax, enjoy music, a drink, your friends, a clean and precise manicure, and a much-needed break from all your hectic days. 

7. Bettye O Day Spa 

Located in the beautiful downtown Hyde Park Chicago area, Bettye O Day Spa specializes in first-class treatments. They aim to nurture and relax each of their clients with individualized and innovative therapeutic techniques. From body wraps and massages to facials and hydrotherapy, this day spa promises to be a safe place for healing to occur.  

Looking for more businesses to support? ClassPass has also created a list of Black-owned business to check out all year-round. While both of these lists are a great start to get you familiar with many of the Black-owned businesses either in your neighborhood or around the globe, we have only scratched the surface. We'd love to keep these lists growing.If you have any businesses you'd like to see on this list, click here to submit a Black-owned business we should be highlighting as well! 

denise prichard
Written by
Denise Prichard
Senior Marketing Content Specialist
About the author
Denise Prichard is a certified yoga instructor (RYT-200) and an experienced content marketing professional with a penchant for writing compelling copy within the health, wellness and beauty industries. When she isn't writing or editing, you can find her teaching yoga classes, at a spin class or hanging out with her rescue pups.