My Secure Advantage

The Keys to Less Stress and a Happy Life

Want the keys to less stress and a happy life?  Karly found the answer when she started working with a MSA Money Coach, an experience that has enriched her finances and her life.
By MSA Staff

Want the keys to less stress and a happy life?  Karly found the answer when she started working with a MSA Money Coach, an experience that has enriched her finances and her life.  The best part?  The keys can be within your reach as well.

Karly had $58,000 in debt keeping her from a care-free life.  Any money left over each month got swallowed up by bills and unexpected expenses.  To make matters worse, Karly and her husband just had a baby, bought a new house on the West Coast, and realized they were fifteen years away from retirement with absolutely no savings.

Needless to say, they were desperate to turn things around.

When Karly entered the MSA Financial Wellness program (offered through her employer, a university of California), she started working with a Money Coach who gave her hope for a better life.  “I came to MSA with a lot of debt.  My Money Coach helped me put together a doable plan to tackle the debt [and] has been very instrumental in getting me on a livable spending plan….  For the first time in a while, I see a light at the end of the tunnel.  I am so grateful for her guidance!!!”

In a nutshell, Karly’s Money Coach suggested that she consider a budget and an accountability partner.

With her Money Coach’s help, Karly hit the ground running: “[She] is always so encouraging and a cheerleader for my financial accomplishments.  She can be firm when necessary but, again, in a way that empowers you and makes you feel like you can accomplish the task!!!”

So what did Karly accomplish exactly?  And how did they use a budget to create a more stress-free, happy life?

Karly and her Money Coach took an in-depth look at the family finances: income, expenses, debts, savings, and goals.  From there, they made an action plan and started to see the fabulous results.

  • They calculated that Karly could put $1,700 towards debt each month.  Originally, Karly was set to pay off debt in eight years, but now she can wipe out the debt in less than half that time, and the new plan has already allowed her to reduce her overall debt by $12,000!
  • Karly didn’t have any kind of savings, so her coach showed her how she might allocate money each month just for that purpose.  Now she has close to $6,000 in emergency savings and $2,000 saved for irregular expenses.
  • Karly’s coach connected her with another Money Coach who is a Retirement Specialist.  They talked about how she might build contributions towards retirement accounts.

As Karly put it, “[My coach] is wonderful!!!”  She works in the real world, acknowledging that things happen, and we should enjoy life as well as plan for future enjoyment.  She has helped me to really take a look at all the extra expenses that pop up throughout the year and put these in my budget.  She’s also helped me to be honest about my spending habits, but did so in such a gently way, focusing on the positive of this knowledge.  I truly feel prepared for any emergency.  She coaches me and keeps my mind at ease through the bumps.  She is constantly reviewing my spending and offering ways to curb expenses.”

Even when Karly didn’t realize how much she was spending on discretionary items and got overloaded with surprise expenses, her Money Coach was there to get her back on track.

Karly’s coach explained that spending changes from month to month, so reviews are important for peace of mind, and, who knows, you may get a pleasant surprise.  Karly sure did.  When Karly reassessed her spending, she found $600 left over every month (That’s $7,200 a year!) that she could put towards savings and debt.

All in all, Karly found the direction and relief she was looking for:  “[My Money Coach] has changed my view of a budget.  It’s not a painful drudgery, but a key to less stress and a happy life.  She often reminds me that I should not dread my budget, and if I do, we should tweak some things.”

The accountability and accomplishments Karly gained, through the MSA Financial Wellness program, were too great to let go, so Karly has continued reaping the benefits well beyond her employer-funded period.  In fact, she’s been working with her coach for several years.  She has also taken advantage of other parts of the program, like meeting with a tax specialist and signing up for ID Monitoring (MSA’s identity theft protection services).

Karly gained more financial peace of mind, and you can too!  Call 888-724-2326 to talk to a Money Coach today.

Information provided in this article is for informational purposes only and is not intended to offer specific personalized investment, financial planning, tax, legal, or accounting advice.  We recommend that you consult an attorney, tax advisor, or accountant regarding your unique circumstances.

This testimonial was provided by a member of MSA.  They did not receive compensation of any kind for their statement.

Facebook ShareTweetReddit shareLinkedIn shareEmail share

More Like This

How To & DIY

Paying attention to the little things can lead to huge improvements with your health and your finances.  Take Leo for example.  His life was a mess until he took a few easy steps to de-stress his financial life.  Here’s how he turned things around (and how you can too): “Looking back on my life a […]

Events & Entertainment

Share the wealth: If you’re hosting Easter this year, ease the financial task by making it a potluck—and not just for the food. Have each family bring a dish to share and a collection of eggs for the Easter egg hunt. A healthy, wallet-happy egg hunt: Instead of buying a ton of potentially expensive, candy-filled […]

Trends & News

Join our event on Wednesday, April 5th! Led by seasoned financial experts, this educational and empowering event can help you gain confidence in balancing your budget, managing debt, and improving your credit. You’ll also learn how to set clear financial goals and take steps to protect your assets and those you love. Don’t miss this […]

Baby & Children

Did you know that your personal MSA Money Coach can help with planning for a new family and the finances that follow?  See why one couple relied on their Money Coach for financial transitions, and why they gave credit to their coach for a happy, healthy baby. When Helen and her husband turned to their […]