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Updated: Feb 17

In September of 2018, I weighed nearly 200lbs. I was sick and tired of being sick and tired of being sick and tired of feeling lethargic both physically and mentally. While researching the best way to fuel my body, I also learned another way of how to save wisely while budgeting for food shopping.


A combination of keto and intermittent fasting was what I landed on. Now I weigh just over 160lbs and I feel better, sleep better, have more energy and have mental clarity. I even got some "new" clothes. Not because I went shopping but because I could fit back into more of my clothes. With the exception of taking a deliberate break over the holidays, it’s been pretty easy to stay committed. Everyone’s body is different so I am not advocating my eating style because I am not a nutritionist. What I am advocating is meal prep as a budgeting tip.



The advantages of Meal Prep

  • More control of food costs because of budgeting for food

  • More control of what you eat

  • Save time from not preparing individual meals or going to grab takeout

  • Reduce stress because you know that you have one less thing to think about doing or actually doing because you can be planning and budgeting food for a month


The basic steps of Meal Prep:

  • Plan your meals

  • Shop for ingredients

  • Prepare your meals

  • Actually eat what you made



Every week, I prep a large batch of 1 or 2

recipes. I make a big enough batch so that some servings can be frozen to add to the

“bank”. This habit of “setting a little to the side” has become my rainy day fund for food. On those days that are busier than others or I just don’t feel like cooking dinner I have healthy meals ready to go.




So save yourself time and money, eat healthier and be less stressed and stop making delivery folks come out in 💩weather.


Utilizing a Financial Coach is like having a personal trainer for your money. Find out if an accountability partner, guide or cheerleader is right for you by scheduling your FREE 30-minute Q&A call.

  • Terry Banks

Updated: Feb 17

Holiday spending credit card statement got you down? Are you one of the many who will be compounding their debt because they haven’t yet paid off the credit cards from 2018 shopping? Well, you’ve got plenty of company.


59% of Americans in the U.S. used credit cards to purchase gifts in 2018. 35% were still paying it off into the 2019 holiday season. So 48 million Americans are still paying off the 2018 holiday debt and may have even added to it in 2019.

It is possible to have a different experience when reviewing your credit card statement in January 2021. Of the folks that used credit cards to buy gifts in 2018, 24% paid it all off before incurring interest. Do you have a plan to show that you care for others without sabotaging your own financial health? Are you utilizing holiday spending tips to decrease your debt burden in the new year?

Give yourself the gift of peace of mind by being intentional and deliberate with your money.

A deadbeat as defined by the credit card company is someone who pays their card off in full and on time every month. BE A DEADBEAT!!!


Utilizing a Financial Coach is like having a personal trainer for your money. Find out if an accountability partner, guide or cheerleader is right for you by scheduling your FREE 30-minute Q&A call.

  • Terry Banks

Updated: Feb 17

I read an article recently that said that 72-month car loans are becoming the norm instead of 48-months. As someone who hasn’t had a car payment in years who is planning to drive my 2008 until the wheels fall off, I was flabbergasted. 72 months is 6 years! Imagine making payments on a “new” car while dealing with the maintenance issues of an older car. Ouch!

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I was curious about what the difference would be on a 48-month car loan and a 72-month car loan.


I was even more curious about the impact that high-interest rates have on those with less than stellar credit.


So, I compared a 48 vs 72 month car loan rates. Check out the calculator below to see the impact that time and interest rates have on a $20,000 car.

On the left is a 48-month car loan rate with an interest rate of 3.6% vs. 15.24%. On the right is the same rate comparison but with a 72-month car loan rate.



Purchasing a car based on monthly payments alone can be deceiving. The 4-year loan with the low-interest rate has a $448 monthly payment and the 6-year loan with the high-interest rate has a $425 monthly payment.

$10,637 of interest on a $20,000 car! In a nutshell, if you have bad credit and a 6 yr loan, at month 72 you just paid for 1.5 cars. So ask yourself, is a 72-month car loan bad? Some with not so good credit should be asking, is a 48-month car loan bad?



In many parts of the U.S. that 10k could have been a 3.5% down payment on a house using a first-time homeowner program. On average, folks in the U.S. are spending $37,782 on new cars compared to the 20k scenario above.


It definitely pays to have a good credit score if you need to borrow money for major purchases.


Utilizing a Financial Coach is like having a personal trainer for your money. Find out if an accountability partner, guide or cheerleader is right for you by scheduling your FREE 30-minute Q&A call.

"You can be young without money, you can't be old without it."

 

-Tennessee Williams