Even if you think you’re okay with money, a Money Coach can help you turn good finances into even better finances. Take a few tips from Suzie’s experience and improve your own money management.
Even though Suzie felt she had her finances under control, she thought it best to double check with a professional. As Suzie put it, “I decided to try this benefit more as a proactive measure. I am comfortable with my current financial situation, but you never know what the future holds. I wanted to talk with a Money Coach to see if my budget was on the right track.”
And the rewards were immediate.
Suzie took the opportunity to meet with Coach Katherine since her employer funded the MSA program for employees. Katherine showed Suzie how to better define her savings for more control and success:
“One thing brought to my attention was that my savings was more of a ‘slush fund’, and I had no real allocations for that money. It was just there for when I needed it. My financial coach pointed this out, and we were able to break down my savings account and allocate/create funds for irregular purchases that might come up (gifts, vacations, etc.). She also suggested I take a look at upcoming events, so I can see how my funds stand up to what is actually going to be spent.”
Now, Suzie has over $4,000 in savings and contributes over $400 a month specifically for emergencies. She’s even building up $1,000 in savings for her loved ones’ birthdays, anniversaries and holidays.
More detailed budgeting and accountability improved Suzie’s money management by showing her how she currently spends her money and how she could do better. “She helped me realize if I buy something in bulk, to not overspend the next week because I have room in my cart. That was an eye opener as well since my freezer is full of meat, but I keep going to the grocery store…. I even heard her voice in the back of my mind a few times when impulse purchases were tempting, and I was able to stay strong and not give in!”
Whether spending a big sum or saying “no”, Suzie could finally feel confident and happy about her decisions. “She helped me understand that the budget is not about restraining myself, but understanding that I allocated that money for a reason, so I need to spend it for that reason only (and have no regrets spending it all for that reason).”
Fine tuning Suzie’s finances helped her go from good to great with her financial situation. When Suzie first started working with Coach Katherine, she took a survey to measure her financial well-being. She scored 9.38 out of 10, indicating that she already had a high level of financial wellness. After working with Katherine, Suzie scored a perfect 10 out of 10!
Here’s what Coach Katherine had to say about Suzie’s progress: “Suzie came to the MSA program already feeling really good about her finances, and she was making great choices about saving money but knew she could do more. As her coach, I focused on identifying a method that would work for her to ensure she would achieve her goals. Suzie did a great job as a money student, really changing her behaviors and trying new things. I know Suzie learned a lot about how to make her money work for her and that makes me proud.”
Suzie was so happy that she took the time to double check her budget. “Overall, my coach helped me immensely! Katherine did a great and very professional job at helping me understand my budget [and] realize that I need to really look through my month to plan accordingly. She gave me great tips on creating funds for irregular purchases, planning for the future, and helped me to make sure I keep my focus on my goals.”
Suzie went on to talk about her experience with the MSA Financial Wellness program as a whole: “Everything I encountered was great! No complaints here! It all ran smoothly for me! [The] MSA customer service made the process very easy… and work with my schedule! …. I am very thankful that my company has this benefit!”
Coach Katherine mentioned other opportunities available through MSA, and because of the wonderful experience so far, Suzie said, “I will definitely be a repeat customer!”
Take your finances from good to great with the help of a dedicated and trustworthy MSA Money Coach. Call 888-724-2326 today.
Congrats! This may be a moment when you have graduated from high school or college, or started your first job – or even a time in your 20’s when you can take a deep breath – and you want to use this moment to look at the money side of your life. That’s great! You […]
It’s a whole lot easier tackling financial challenges – like managing credit cards, taking on student loans and understanding insurance policies – when you have a team of money coaches beside you. Ryan made great progress in just two months because he could address each issue with a Money Coach who specialized in that particular […]
Aaron was twenty-five and already plugged in to a great career, when he realized his bad habit of incurring debt meant gambling away his financial stability and future. Through the My Secure Advantage (MSA) financial wellness program, Aaron started working with Lee – a Money Coach who helped him build an action plan for financial […]
Resolutions for spending less, saving more and figuring out your taxes are all great, but they usually end up forgotten, pushed aside or delayed. We highly recommend the following tips to keep you on track with your finances for the new year. Resolution #1: Know where your money goes If you don’t know how much you […]