Better Financial Health in 15 Minutes (or less!)

Summer should bring joy, not financial stress. Yet most Americans find themselves spending an extra $2,000 during these sunny months—not on planned vacations, but on the accumulation of small expenses that quickly snowball.In this practical financial guide, we dive into the major "summer budget busters" that threaten your financial health: unexpected travel costs, children's activities while school's out, skyrocketing utility bills, and the constant stream of social events. Rather than avoiding summer fun altogether, I share actionable strategies to plan ahead and create what I call a "Fun Fund"—a dedicated savings approach that allows for spontaneity without the regret of post-summer credit card debt.Discover creative alternatives that maximize enjoyment while minimizing costs. From community concerts and strategic potlucks (like my friend's brilliant paella party solution) to house-swapping and becoming a tourist in your own region, there are countless ways to create meaningful summer experiences without breaking the bank. I challenge listeners to try the "$100 weekend" competition with friends—who can create the most memorable experience on a limited budget?The key takeaway isn't about spending less; it's about spending smarter. By planning ahead, focusing on value rather than cost, and being intentional with your summer dollars, you can create lasting memories without the financial hangover. Because your summer experiences will be much sweeter without a lingering credit card balance following you into fall. Ready to transform your approach to summer spending? Listen now and set yourself up for both fun and financial health this season. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

When markets take a nosedive, does your anxiety spike? In this enlightening episode of Better Financial Health in 15 Minutes or Less, we tackle the question every investor faces during turbulent times: should you worry when the market dips, or should you just chill?The answer might surprise you. Drawing on decades of market history, I explain why corrections (10% drops) happen approximately every 18 months, yet only two out of ten years typically end with negative returns. This disconnect between how markets feel and how they actually perform over time creates a psychological challenge for even the most disciplined investors.We explore the dramatic case study of 2020's market—starting strong with nearly 5% gains, plummeting 34% during the COVID panic, yet finishing the year up an impressive 18%. This roller coaster perfectly illustrates why making emotional decisions during market downturns can derail otherwise solid financial plans. I share a real client example of how patience during market turbulence not only preserved wealth but created unexpected opportunities for enjoyment later.Most importantly, you'll learn a practical framework for assessing whether market anxiety should trigger action. Has your time horizon changed? Has your risk tolerance shifted? Do you need the invested money within five years? If not, the best move is often no move at all. Remember my favorite saying: "The market is not a mood ring." It doesn't reflect our daily emotions, and successful investing requires looking beyond temporary fluctuations toward your long-term financial goals.Ready to transform your relationship with market volatility? Listen now and discover how to find calm amidst financial turbulence. Share this episode with someone who might be feeling market anxiety—they'll thank you when the inevitable recovery arrives! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ready for summer vacation? So are scammers. This episode tackles the sophisticated travel booking scams that peak between April and July, threatening to turn your dream getaway into a financial nightmare.Discover how fraudsters create convincing replicas of trusted sites like Airbnb, VRBO, and major travel booking platforms. We expose their tactics—from urgency-creating emails to fake listings with copied photos—and provide practical safeguards anyone can implement. The simple 60-second check I share could save your entire vacation and thousands of dollars.We explore the red flags that signal potential fraud, like requests for gift card payments or wire transfers instead of credit cards. Learn why booking directly through official websites by manually typing URLs offers crucial protection, and why performing reverse image searches on property photos could reveal scams before you lose money.This episode provides special guidance for protecting vulnerable populations, particularly older adults who may not recognize subtle differences between legitimate and fraudulent websites. The practical strategies shared work for both domestic and international bookings, ensuring you can enjoy wonderful vacation experiences while avoiding the increasingly sophisticated scams targeting travelers.Take a moment to share this episode with friends and family planning summer trips—especially those who might be more vulnerable to these schemes. And remember: if a travel deal seems too good to be true, it probably is. Subscribe for more practical financial protection strategies delivered in 15 minutes or less! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ever wondered why your bank account seems to drain faster than it should? The culprit might be hiding in plain sight—those "convenient" auto-pay subscriptions.Today I dive into the sneaky world of subscription price creep, where that $50 internet bill quietly becomes $90, and that $10 car wash membership quadruples after the promotional period ends. Companies like Xfinity/Comcast have mastered the art of the promotional rate bait-and-switch, counting on our busy lives and inattention to boost their profits at our expense.The problem isn't just limited to streaming services—though Netflix has certainly had its share of price hikes. The issue extends to internet providers, cell phone plans, gym memberships, newspaper subscriptions, and even car wash services. These companies typically notify you of price increases on the same day they debit your account, giving you virtually no time to respond before the money's gone.The good news? You don't have to be a victim of this corporate strategy. I share my personal experiences with Sirius XM and The New York Times, where simply calling to cancel resulted in maintaining my original promotional rate. The key is vigilance—setting calendar reminders for when promotional periods end, regularly reviewing your statements, and being willing to make that five-minute phone call that could save you hundreds of dollars annually.Take the 30-minute challenge this weekend: audit your subscriptions, identify the price creepers, and renegotiate your rates. Then share how much you saved by commenting on our social media. Your wallet will thank you, and you might just inspire others to reclaim their financial power from subscription creep. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Rising prices at the grocery store got you down? You're not alone. The good news is that the arrival of spring and summer offers perfect timing to adopt some practical strategies that can help you combat inflation while actually improving your diet.Local food sources are your secret weapon in the battle against high prices. Farmer's markets are springing up everywhere, offering fresh produce that hasn't traveled thousands of miles to reach your table. Roadside farm stands provide another alternative, typically offering better prices than supermarkets for just-picked fruits and vegetables. The nutritional benefits are substantial too – study after study confirms that less processed food leads to better health outcomes. Who doesn't want to save money while getting into better shape for summer?Growing your own food might sound intimidating, but starting small with herbs or a few vegetable plants can be surprisingly affordable and satisfying. Seeds cost mere pennies compared to store-bought produce, and there's nothing quite like harvesting something you've grown yourself. I've noticed more friends raising backyard chickens lately too – fresh eggs with deeper yellow yolks and better flavor, often at lower cost than store prices. Did you know unwashed eggs don't even need refrigeration? Just one of many food facts that can change how you shop and save.Modern couponing has evolved. Forget clipping paper – digital discounts through apps like Kroger's or Amazon Prime (for Whole Foods) offer substantial savings with minimal effort. The key is buying only what you actually need when it's on sale, rather than purchasing unnecessary items. And don't underestimate the financial impact of bringing lunch from home instead of eating out. These small changes add up to significant savings over time.Financial markets, like gardens, have their seasons of growth and dormancy. As we weather current economic uncertainties, remember that patience is essential. Some days are sunny, others cloudy – the key is maintaining perspective and staying the course. Want more practical financial wellness tips delivered in 15 minutes or less? Subscribe to Better Financial Health for weekly insights that help you thrive no matter what the economy throws your way. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

The financial markets have been experiencing dramatic swings lately, leaving many investors confused and concerned. What's driving this volatility? It all started when comments about potentially firing Federal Reserve Chairman Jerome Powell sent markets tumbling, highlighting the critical importance of Fed independence in our financial system.At the heart of this turmoil lies a fundamental tension between politics and economic policy. The Federal Reserve operates with a dual mandate - maintaining full employment while controlling inflation. Since recognizing inflation wasn't just a temporary post-pandemic phenomenon, the Fed has aggressively raised rates, creating friction with an administration concerned about consumer costs. This standoff between government priorities and central bank independence has markets on edge.Proposed tariffs have further complicated the situation. While the idea of manufacturing more products domestically sounds appealing, the reality is more complex. Many goods are imported because they're produced more cost-effectively overseas, even after shipping costs. Some products - from semiconductors to certain agricultural goods - simply can't be manufactured domestically at the scale we need. Our global supply chains have evolved to optimize efficiency and keep consumer costs down. Disrupting these networks through significant tariffs would ultimately function as another tax on consumers, driving prices higher at a time when many households are already feeling financial pressure.The market's wild swings reflect this uncertainty. As headlines change and statements get walked back, prices fluctuate dramatically. The wisest approach? Don't get caught in the daily noise. Markets react and overreact to news, often reversing course quickly as new information emerges. Focus instead on your long-term financial goals and remember that throughout history, markets have always faced periods of uncertainty - and have consistently demonstrated resilience over time. Have questions about how these economic forces might affect your financial plan? Reach out today for a conversation about navigating these challenging times with confidence. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Market turbulence can shake even the most steadfast investors, and the recent plunge triggered by Trump's tariff announcements has certainly tested our collective financial resolve. What began as market jitters has escalated into a significant correction, erasing twelve months of gains in mere days. The unexpected breadth of these tariffs—targeting not just trade adversaries but allies like Canada, Japan, and Mexico—has created widespread concern about their impact on global supply chains and consumer prices.When markets plummet 10% in two days, our natural human tendency is to project that downward trend indefinitely into the future. Yet this psychological quirk rarely serves us well in financial decision-making. History consistently demonstrates that market overreactions create opportunities for disciplined investors. Whether we look back to Black Monday in 1987, the financial crisis of 2008-2009, or the pandemic-induced crash of 2020, the pattern remains remarkably consistent—those who maintained their positions and continued investing during downturns were rewarded within a year's time.The real-world implications of these tariffs extend far beyond abstract market indices. As The Wall Street Journal recently highlighted, the production cost of an iPhone could jump from $580 to nearly $900 under the proposed tariff structure. This stark example illustrates why investors are rightfully concerned. However, proper portfolio planning anticipates these market disruptions. For those taking regular distributions, funds were likely already secured in February, safely earning interest above 4% in money market accounts. Fixed income investments have actually appreciated as interest rates declined. And for taxable accounts, this volatility creates valuable tax-loss harvesting opportunities. Remember that worry has never improved a single investment outcome—your financial journey continues beyond this moment of uncertainty, just as ocean tides reliably return after receding from shore. What steps will you take to maintain perspective during this challenging market environment? Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Divorce is something nobody wants to contemplate when saying "I do," yet half of all marriages in America eventually dissolve. Even more concerning is the rising trend of "gray divorces" – couples separating after age 50 and decades of marriage when retirement assets are substantial and division becomes complex.When marriages end after 25+ years, the financial untangling reaches a different magnitude of complexity. Retirement accounts that grew throughout your relationship must now be divided properly, or the consequences can haunt your financial future for decades. One misstep with a 401(k) division or pension split could cost tens of thousands in taxes, penalties, or lost assets.The division process differs dramatically depending on the type of account. Employer plans require specialized Qualified Domestic Relations Orders (QDROs) that many attorneys handle incorrectly, while IRAs follow completely different "transfer incident to divorce" procedures. I walk through how to navigate these differences, sharing insider tips like using the templates major recordkeepers now provide to save thousands in legal fees and prevent costly errors. I also cover the crucial but often neglected post-divorce financial hygiene – updating beneficiaries, removing ex-spouses from accounts, and revising powers of attorney.Whether you're facing divorce yourself or supporting someone who is, understanding these financial mechanisms can protect retirement security during an already difficult life transition. Check our Facebook page for downloadable checklists to share with your attorney and ensure nothing falls through the cracks during this critical financial restructuring. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

What's the difference between living a "fine" life and truly flourishing? While many of us settle for "fine"—that comfortable state where everything's going well enough and we're just moving through the motions—there's something deeper available to us all.This episode invites you to examine your calendar with fresh eyes. Which appointments energize you? Which commitments make you inwardly groan? By intentionally expanding activities that fill your heart with joy and purpose—whether that's quality time with loved ones, pursuing a forgotten hobby, or finally learning that skill you've always wanted to master—you begin the journey from merely existing to genuinely thriving.Some flourishing activities might come with price tags, but here's where financial health intersects with personal wellbeing. Having specific flourishing goals makes it easier to redirect spending from momentary pleasures to experiences and pursuits that contribute to lasting fulfillment. In a world that often feels overwhelming and beyond our control, focusing on personal flourishing isn't selfish—it's necessary. When you cultivate your capacity to honestly answer "I'm great!" instead of the default "fine," you naturally become a positive light for others.Ready to move beyond fine? Your flourishing journey begins with simple awareness and intentional choices. Subscribe now to continue exploring practical wisdom for better financial and personal health in 15 minutes or less! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Market turbulence has everyone on edge as tariffs and the new Department of Governmental Efficiency (DOGE) dominate headlines. While March inflation numbers showed modest improvement at 2.8% versus the expected 2.9%, the shifting landscape of potential tariffs—ranging from 10% to 50%—creates planning challenges for both businesses and consumers.Those needing a new vehicle might want to shop current inventory, as even with deferred auto tariffs, the deeply intertwined supply chains connecting Mexico, Canada, and the US mean price uncertainty looms. Modern manufacturing reality means that "Made in USA" products often contain globally sourced components, and even companies wanting to reshore operations face significant implementation timelines measured in years, not months.Despite these uncertainties, knee-jerk portfolio changes rarely serve investors well. The surprising outperformance of international developed markets over US stocks this year—contrary to what tariff fears might suggest—highlights the enduring value of global diversification. A well-constructed portfolio with exposure to US stocks (small and large), international markets, and safer assets like money markets or fixed income provides resilience against policy surprises.DOGE's efficiency mission sounds appealing, but concerns grow about broad implementation without careful consideration of unintended consequences, particularly on essential services for vulnerable populations. Civic engagement through contacting representatives can help shape more thoughtful approaches to government reform.Throughout these divisive times, remember that most Americans (over 80%) occupy the middle ground politically. By approaching differences with kindness and genuine curiosity rather than judgment, we maintain the connections that help us navigate uncertainty together. The volatility we're experiencing isn't permanent. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Dive deep into common financial myths that can keep you from achieving true financial wellness in today's episode. We challenge the prevailing notion that only the wealthy can invest, illuminating how simple strategies, like consistent contributions to broad-based index funds, pave the way for anyone to accumulate wealth over time. In a world where TikTok stocks captivate many, it's easy to confuse investing with gambling—a notion we clarify clearly. Moreover, we dissect the idea that debt is inevitable. With a simple shift in habit—pretending you have debt and saving that amount—you can build a safety net for necessary purchases while avoiding future obligations. We also discuss how renting can sometimes be more economical than purchasing a home, particularly with fluctuating interest rates and insurance costs, proving that financial freedom comes from informed choices and adaptability.Join us for this enriching conversation and discover how to take control of your financial future. Listeners will gain practical, actionable insights, and tips on creating a sustainable financial path. Don't forget to share your takeaways and subscribe for more financial wisdom! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Dive into a world where the smallest of expenses become the biggest threats to your financial health. Explore how hidden costs, from credit card fees to energy waste in your home, can silently deplete your budget in ways you never anticipated. In this episode, we unravel the intricate web of sneaky expenses and arm you with practical advice to combat them. You'll learn about the often-overlooked consequences of carrying even a small balance on your credit cards, leading to hefty interest charges that can eat away at your finances. We'll also discuss how your daily routines can inadvertently lead to inflated utility bills due to appliances that draw energy even when not actively in use.The podcast encourages listeners to adopt easy yet effective strategies to minimize unnecessary costs, ensuring that your financial health remains strong. By being mindful of these hidden expenses and remaining vigilant against fraud, you can take significant steps towards better financial wellness. Join us for this insightful conversation and empower yourself to make smart financial decisions. Don't forget to subscribe, share your thoughts, and leave a review! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Navigating the financial landscape of marriage can be a complex journey, especially as Valentine's Day encourages reflections on partnerships. Join me, Stacey Hyde, as I recount my own experiences of merging finances with my husband during our early years, a decision that, though initially driven by necessity, proved to be an invaluable cornerstone for our financial success. This episode tackles the delicate dance between maintaining separate accounts and ensuring both partners have necessary access in critical times. Hear the real-life stories and lessons learned that highlight the importance of joint financial planning and preparedness.As we unravel the intricate web of transitioning into retirement, I stress the necessity of re-evaluating financial strategies and ensuring seamless access for both partners. Through relatable anecdotes, including the struggles faced by a friend in the midst of her husband's health crisis, I emphasize the need for proactive measures like joint account ownership or Transfer on Death designations. Whether you're just starting out or approaching retirement, this discussion offers essential insights to help you and your partner achieve a stress-free and harmonious financial future. Tune in and empower your partnership with practical knowledge and foresight. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Unlock the secrets to raising financially savvy kids with Stacey Hyde in this enlightening episode of Better Financial Health in 15 Minutes or Less. Imagine if your child could navigate their financial future with confidence and wisdom, avoiding the pitfalls many adults face today. By tuning in, you'll gain practical insights into teaching children of all ages about money, from the simplicity of recognizing coins to the intricacies of managing a credit card responsibly. Stacey shares personal anecdotes, like her childhood memory of her mom's credit card lesson at Sears, to highlight the importance of early financial education. Together, we challenge the notion that money should be a taboo topic and instead propose it as a vital family conversation.As we explore effective methods for instilling values like saving, spending wisely, and giving back, you'll discover how chores and allowances can become powerful teaching tools. Stacey offers tips on structuring tasks around the house, dividing earnings into categories for spending, saving, and charitable giving, and setting tangible goals that motivate children to comprehend the value of money. As your children grow, learn how establishing a bank account and using a credit card with supervision can prepare them for real-world scenarios. Equip your children with the knowledge and skills they need to approach adulthood with financial acumen, confidence, and responsibility. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Unlock the secrets of navigating market fluctuations in our latest episode of Better Financial Health in 15 Minutes or Less. As we explore the transformative impact of the Trump administration on the economy, we'll reveal how efforts to streamline government operations could both curb inflation and adjust government spending. Will the potential extension of tax cuts inject new life into the markets, or do historical deficits threaten to derail progress? Join me, Stacey Hyde, as I tackle these complex dynamics and what they mean for your financial future.Our conversation doesn't stop there. We delve into the tech sector's recent rollercoaster ride, driven by unexpected advancements in China's AI capabilities. Drawing a parallel with the tech boom of the late '90s, we explore the necessity for diversification and adaptability in today's market landscape. From Amazon's journey from bookseller to cloud computing giant, to the anticipated volatility as markets adjust to reduced government spending, we provide insights into what's ahead. All this while keeping a keen eye on interest rate trends and how they might influence your investment returns in the coming years. Don't miss out on this insightful discussion that promises to prepare you for the financial road ahead. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

What happens when disaster strikes and your insurance policy doesn't measure up? Stacey Hyde unravels the complexities of home and renter's insurance amidst the dramatic rise in natural disasters. Sharing personal experiences from the Memphis area's earthquake risks, Stacey highlights how crucial it is to scrutinize your policy, comprehend your deductibles, and prepare financially for unforeseen calamities. Discover why not all losses are created equal and how some might still be covered even without explicit earthquake insurance.Beyond the fine print, safeguard your vital documents before a disaster catches you off guard. Stacey offers practical advice on keeping your essential paperwork, like passports and birth certificates, accessible and protected, whether through fireproof storage or secure digital backups. With frequent reminders of nature's unpredictability, this episode empowers you to reassess your insurance needs, fortifying your peace of mind and readiness for whatever comes your way. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Reflecting on past achievements can be as crucial as setting new goals, and in our latest episode of Better Financial Health in 15 Minutes or Less, we explore exactly that. I, Stacey Hyde, share my personal journey of discovering an exercise routine I love—Pilates—and how it transformed my approach to fitness. You'll learn how celebrating your victories with those close to you can enhance your joy and motivation. Plus, we'll tackle the art of turning near misses from 2024 into triumphs this year, ensuring that your goals are not just dreams but achievable milestones. Join me as I unfold practical strategies to align your personal, professional, financial, and spiritual aspirations with reality. Whether it's the simple act of meal prepping to conquer healthy eating or finding an exercise you genuinely enjoy, you'll be equipped with tools to set yourself up for success. Let's make 2025 a year of growth and fulfillment by discovering what truly works for us and embracing the journey with enthusiasm and intention. So, why not pause, appreciate your progress, and together, make this year the best one yet? Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Prepare to step into the new year equipped with financial wisdom and strategic foresight. Join me, Stacey Hyde, as I dissect the intricacies of financial planning in a world where time seems to fly by. Wondering how to make tax season a breeze? I'll walk you through the essential steps of organizing your financial documents and keeping track of significant expenses like charitable donations and property tax payments. For homeowners, being mindful of annual costs such as insurance can prevent unwelcome surprises, while ensuring your car is well-maintained could save you from unexpected repair bills. And if a new car is on your wish list, I'll guide you on how to make the most of year-end deals, providing insights on evaluating models, insurance costs, and financing options.Whether you're contemplating major purchases like a new car or home, or planning home improvements, having a solid financial strategy is crucial. We'll explore how to save effectively for a down payment, earn interest on your savings, and understand the various costs associated with home buying, including mortgage insurance and closing fees. From choosing between new flooring or a fresh coat of paint, to updating kitchen countertops, having financial clarity will make these decisions less daunting. My mission is to equip you with practical advice and actionable insights to confidently face whatever financial decisions come your way in the upcoming year. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ever wondered how scammers are becoming even more cunning? Discover crucial strategies to keep yourself safe from ever-evolving fraud schemes with Stacey Hyde from Envision Financial Planning. This episode offers you essential tools and insights to protect your personal information in today's digital age. You'll learn the importance of distinguishing fake emails from genuine ones, managing suspicious phone calls, and why keeping separate email accounts can drastically reduce your risk of falling prey to scams. With fraud on the rise, staying informed is your best defense.In our chat, we'll explore how artificial intelligence is giving scammers an edge and why this makes proactive measures like two-factor authentication more critical than ever. Stacey shares personal insights and practical tips that can help you navigate this challenging landscape, especially during busy periods when we're most distracted. By the end, you'll have a comprehensive understanding of how to guard against these threats and peace of mind knowing that you're better equipped to handle potential scams. Tune in to become your own first line of defense against fraud. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

What if you could transform holiday gift-giving into an art form while keeping your finances healthy? Join me, Stacey Hyde, as I share insights on how to navigate the holiday season with thoughtful and budget-friendly gift ideas that show your loved ones you care without emptying your wallet. From charming cocktail napkins to guest towels, discover creative ways to make your gifts meaningful and memorable. We'll also tackle the financial pressures of the season, discussing strategies for managing credit card balances and resisting the urge to make last-minute impulsive purchases.As rising living costs challenge our financial stability, it's crucial to budget wisely and opt for cash payments. Tune in for practical advice on teaching children about financial decisions during the holidays, turning gift-giving into an opportunity to instill lifelong values. We'll explore how involving kids in family expense decisions can be both educational and entertaining, like choosing which streaming services to keep. This episode is packed with tips to help you embrace the holiday spirit with financial mindfulness, making the season joyful for both you and your wallet. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ever wondered how to make your money work smarter for your health care costs? Join me, Stacey Hyde, as we unravel the complexities between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) in this enlightening episode of Better Financial Health in 15 Minutes or Less. You'll learn how FSAs can be a great short-term solution for covering medical expenses like co-pays and eyeglasses, but they come with the caveat of potentially losing unused funds at the year's end unless your employer offers a rollover. On the other hand, I'll guide you through the long-term benefits of HSAs, which allow you to save tax-free for future health expenses, especially if you're aiming for a financially secure early retirement.Tune in as I explain how HSAs can act as a tax-advantaged super-saver account, much like a Roth IRA, and how they can serve as a financial lifeline by covering COBRA or exchange health plan premiums when you retire. This episode is packed with insights on how to strategically use these accounts based on your financial goals, whether you're a parent juggling childcare costs or planning for life post-retirement. Don't miss this opportunity to empower yourself with the knowledge to optimize your financial health and ensure you make informed decisions during this open enrollment season. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Discover why election outcomes might not be as critical to your investments as you think. Join me, Stacey Hyde, as I tackle the common misconception that political shifts drastically affect financial markets. With election day upon us, it's crucial to understand that while casting your vote is vital, it's equally important to keep a level head when it comes to your portfolio. Our political system is designed with checks and balances that ensure gradual changes, which means immediate market reactions should not dictate your financial decisions. Learn how maintaining patience and avoiding hasty decisions can truly benefit your long-term financial health.Throughout this episode of Better Financial Health in 15 minutes or less, I stress the importance of focusing on the bigger picture rather than getting caught up in short-term political noise. While market fluctuations can create anxiety, having a bit of extra cash can provide peace of mind without the need to overhaul your investment strategy. Remember, elections come and go, but your financial goals remain. Tune in to gain insights on nurturing a steady and resilient investment approach, regardless of who holds office. Let's calm the storm of panic with thoughtful strategies for enduring financial well-being. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Unlock the secrets to navigating layoffs and mastering financial planning with Stacey Hyde. Learn how to stay calm and informed in the face of job loss while gaining practical insights into severance packages, extended health coverage, and pension options. We'll delve into the intricacies of 401k withdrawals, exploring the tax implications and penalties that could impact your financial future. Discover alternative health coverage plans, ensuring you and your loved ones remain safeguarded during transitional phases. Dive into leveraging outplacement services and cutting-edge AI tools like ChatGPT to supercharge your job search and transform your resume into a job-winning document.Equip yourself with essential skills to stay competitive in today's job market. Stacey highlights the importance of mastering tools like Microsoft Outlook and the Google Suite, essential skills often assessed by modern employers. Explore a wealth of free online resources for self-improvement and learn how to effectively organize your resume, expand your professional network, and secure critical health insurance. Establish a robust financial safety net while gaining the confidence to tackle any career challenge. Tune in for actionable advice and strategies designed to empower you on your career journey, ensuring resilience and readiness for future opportunities. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Unlock the secrets to navigating the often-confusing world of Medicare with Stacey Hyde. As open enrollment kicks off, we'll guide you through the complexities of Medicare supplements and why choosing the right plan can be a game-changer for your financial health. Get the lowdown on why Plan G stands out as a top choice for those seeking minimal out-of-pocket expenses and long-term security. Wondering if a Medicare Advantage plan is really to your advantage? I'll shed light on the potential drawbacks that might make you reconsider.Still working at 65 and confused about which parts of Medicare to sign up for? Tune in to hear Stacey break down how to avoid costly mistakes and penalties while balancing employer health insurance. Gain clarity on the distinctions between Part A and Part B, and learn the strategic moves that ensure you have coverage without unnecessary complications. By the end of this episode, you'll be equipped with the knowledge to make informed decisions about your Medicare options, setting yourself up for a stress-free healthcare experience in the years to come. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Could an estate plan be your golden ticket to safeguarding your family's future? Join me, Stacey Hyde, as I unravel the intricacies of wills and trusts in this enlightening episode of Better Financial Health in 15 Minutes or Less. You'll gain a clear understanding of the critical differences between a will and a revocable living trust, including how each handles your assets—from real estate and personal belongings to joint accounts and beneficiary-designated assets like IRAs and life insurance. This episode promises to equip you with the knowledge to avoid common pitfalls, such as unintentionally disinheriting family members. Explore the often-overlooked advantages of revocable living trusts, including the privacy they offer by bypassing the public probate process. Discover why financial institutions might prefer working with trustees rather than relying on powers of attorney, and learn how a trust can simplify asset management, especially if you own property across multiple states. Whether you're planning your estate or simply curious about the process, this episode is packed with insights to ensure your legacy is protected and managed according to your wishes. Remember, while this episode provides essential information, consulting a legal professional for personalized advice is always recommended. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

What if you could protect your home and wallet from skyrocketing insurance costs with a few savvy moves? In this episode of Better Financial Health in 15 Minutes or Less, I, Stacey Hyde, share the hard truths about homeowners and renters insurance amidst rising premiums. After personally experiencing a 50% increase in my condo insurance, I explore essential strategies to alleviate these financial burdens. From leveraging home safety features for significant discounts to addressing mold issues swiftly, I provide actionable tips that can save you money and headaches alike. Don't miss out on understanding the crucial differences between flood damage and storm damage, and the necessity of additional flood insurance, particularly in an era of extreme weather. We also touch on the often-overlooked earthquake insurance for those near fault lines like New Madrid. Learn why having a financial safety net and safeguarding essential documents is more important than ever, especially if you live in a flood-prone area. Tune in to equip yourself with knowledge that could be a game-changer for your home's protection and your financial peace of mind. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ever wondered how a half-percent change in interest rates can ripple through the economy and impact your financial health? In this episode of Better Financial Health in 15 Minutes or Less, I, Stacey Hyde, break down the Federal Reserve's recent decision to lower their target interest rates by 50 basis points. We'll explore the intricacies behind this move, from combating inflation to ensuring full employment. You'll learn why these adjustments were made now, especially with the presidential election looming, and how they aim to strike a balance between economic stability and political neutrality.Get ready to understand how these changes can affect your mortgage rates, investment strategies, and overall financial planning. If you're considering buying a home, discover how lower rates could increase your purchasing power. We'll also dive into smart investment moves, like shifting from money market accounts to longer-term bonds or bond index funds, to maximize your returns in the current rate environment. Whether you're a homeowner, an investor, or just someone looking to stay financially savvy, this episode offers crucial insights to help you navigate the evolving financial landscape with confidence. Tune in and transform your financial strategy today! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ever wondered how a small shift in your approach to budgeting can revolutionize your financial health? Stacey Hyde from Envision Financial Planning promises to reveal how dedicating just 10% of your income to retirement savings can pave the way to financial stability and future aspirations. In this episode of Better Financial Health, we break down your monthly income and expenses—covering essentials like rent, utilities, and debt payments, as well as discretionary spending on dining and entertainment—to find strategies that ensure you have money left over. Learn practical tips for boosting your income or trimming your expenses to allocate funds for dreams like buying a house, traveling, or purchasing a car.But that's not all. Simplifying the budgeting process is key to long-term success. By setting up a budget annually or during significant life changes and automating your savings, you can avoid the daily grind of financial micromanagement. This system is designed to offer you financial stability without constant oversight, making your money work for you effortlessly. Tune in for practical advice on creating a sustainable budget that adapts to your evolving life circumstances. Don't forget to leave a review to help us reach more listeners and spread the good word of financial health. Thank you for joining Stacey Hyde on Better Financial Health, in 15 Minutes or Less! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Curious about when to claim Social Security to maximize your financial future? Join me, Stacey Hyde, as I tackle the complexities surrounding Social Security decisions that could significantly impact your retirement plans. From uncovering the myths of taking Social Security at 62 to understanding the intricacies of earnings tests if you're still working, this episode promises to equip you with the knowledge to make informed decisions. We'll also delve into the critical role your income—including investment income—plays in determining your eligibility for health insurance subsidies on the exchange.Ever wonder how timing your Social Security benefits can affect you and your spouse differently? Discover the strategic importance of maximizing the higher earner's Social Security benefits, especially for married couples, to ensure long-term security. I'll break down how inflation adjustments can benefit you over time and why having funds in Roth IRAs and bank accounts can offer significant advantages. Whether you're planning ahead in your 20s or approaching retirement, this episode provides essential insights to help you navigate the crucial aspects of your Social Security planning. Don't miss out on the advice that could shape your financial future! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Struggling to protect your financial information in a world of increasing data breaches? Discover simple yet powerful strategies to safeguard your identity in our latest episode of Better Financial Health in 15 Minutes or Less. I'm Stacey Hyde, your guide through the essential steps to locking your credit with TransUnion, Equifax, and Experian. Learn how this proactive measure can prevent unauthorized access to your financial data without hindering your ability to make major purchases. Join me as we explore the practical use of password managers, the critical role of multi-factor authentication, and real-life stories of identity theft. Stay ahead of hackers and protect your personal information with insights backed by the Wall Street Journal. Tune in for actionable advice and stay informed in this fast-evolving digital landscape. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Ever wondered how a seemingly innocent email could wreak havoc on your digital life? In our latest episode of Better Financial Health in 15 minutes or less, discover the hidden dangers of phishing emails and how they can turn your trusted inbox into a cyber minefield. Stacey Hyde breaks down the mechanics of these deceptive messages, explaining how they masquerade as emails from familiar names like Best Buy and Symantec, only to compromise your data once clicked. Learn essential tips to safeguard yourself, such as revealing the true sender information and maintaining up-to-date security measures on your devices. Stacey highlights the serious repercussions of falling for a phishing scam, including financial loss and the struggle to regain control of compromised accounts. This episode is a must-listen for anyone looking to fortify their online security. Equip yourself with actionable advice to avoid becoming a victim and ensure your digital safety. Your online well-being is too important to ignore, and this episode arms you with the knowledge to protect it effectively. Tune in and be prepared to change the way you handle your emails forever. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Can the upcoming election make or break your investment portfolio? Join me, Stacey Hyde, as I dissect how political shifts historically influence markets, and debunk the myth that one party is always better for your financial health. We'll explore why a divided government might actually work in your favor, mitigating extreme policies and promoting balanced decision-making that appeals to the majority.Beyond the political landscape, I emphasize the critical need to diversify your news sources to avoid the echo chambers of social media algorithms. From the unintended consequences of student loan forgiveness to the real-world complexities of various political proposals, this episode aims to equip you with the knowledge to make more informed and nuanced financial decisions. Tune in for a balanced, insightful conversation on how politics and financial health intersect in today's highly polarized world. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

School is back in session! In this week's episode, we will discuss the benefits and limitations of 529 plans. It is never too early or late to build a financial plan that supports lifelong learning for your children, grandchildren, and yourself. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In this week's episode, we are discussing market volatility. Stacey reminds us that day-to-day market activity shouldn't impact long-term portfolio results. It is especially crucial when the market is down, to not panic and trust in your long-term financial plan. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In this week's episode, we are diving into benchmarks. Stacey discusses what benchmarks are, their usefulness, and how to pay attention to the right ones for your portfolio. Appropriate benchmarks are a practical tool that can help you contextualize the overall health of your portfolio. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In this week's episode, Stacey discusses necessary documents for business owners. For everything from buy-sell agreements to business valuation and tax deductions, it is important to consider how your business will be impacted by its ownership in different circumstances and to understand how to use this documentation to facilitate the long-term health of your business. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses whether or not bucket lists are beneficial to you. Although detailing your most desired experiences in one comprehensive list may be orderly and convenient, it may also limit your capacity to try new and unexpected adventures. This is an important reminder to always follow your joy more than your plans! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Stacey is on vacation this week, but we still have helpful financial advice in store for you! Today's episode is a rerelease of one of our most popular episodes, "Make the Most of Your Savings", which touches on what to look for when choosing a high-yield savings account. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey will be discussing high-yield investments and how to determine your total return on an investment. Investing can be incredibly exciting, yet we encourage you to slow down and analyze various components of your new potential investments to gauge how they will perform over time.  Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In this week's episode, Stacey discusses how to protect yourself from title fraud. Although title fraud may be rare, the ramifications can be devastating to you and your loved ones. Stacey shares tips on how to stay vigilant and prevent this from happening to you! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey shares insightful advice on how to manage estate planning for blended families. For blended families especially, where the interests of many parties are under consideration, it is important to determine and outline asset distribution. In these cases, consulting an attorney will ensure that your intentions are executed accurately! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

 Although having a pet can be extremely fulfilling, it is crucial to understand the financial commitments that come with pet ownership, and to decide whether taking on that responsibility is right for you. In today's episode, Stacey discusses the expenses of pet ownership and how to be financially prepared for your furry friends! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses how to afford weekend getaways. As Memorial Day quickly approaches, many of us will relish the extra day off work, and some of us will venture out to travel for the long weekend. Stacey shares some helpful tips to make sure your weekend trips don't break your budget. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses how to navigate caring for your elder family members.  There are many ways to assist an aging family member from ensuring that their estate planning documents are updated to making sure their bills are being paid on time. Stacey shares a few specific tips that might help you and your loved ones! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses estate planning for the benefit of individuals with special needs. When making provisions for people with special needs, it can be helpful to work with a specialist in estate law, and to be careful of how the assets they receive might impact their government benefits.  Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses credit cards. From safeguarding yourself against fraud to managing credit card debt, Stacey shares tips on how to use your credit card responsibly, and how to improve your overall credit health. Credit cards can be a great tool to build a positive credit history, but it is important to maximize any offered benefits and to keep an eye on your credit report! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses the importance of saving in different areas and how to prioritize it for your financial situation. From high-yield savings accounts to credit cards to retirement accounts,  there are many tools at your disposal that can help improve your finances. However, it is crucial to take a look at your finances and consider what works best for you! Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses estimated tax payments. Although paying estimated taxes doesn't apply to everyone, it is crucial for all income earners to consider tax liability from every source of income. Remember to consult a CPA for personalized advice on your specific financial situation.  Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses cryptocurrency investments such as Bitcoin. Although cryptocurrency investments have increased in popularity in recent years, this investment, like all others, comes with its own set of risks. Stacey explains the potential pros and cons of investing in cryptocurrency, and some recent developments in the cryptocurrency market. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

In today's episode, Stacey discusses environmental, social, and governance (ESG) investments.  These types of investments can help individuals invest in companies and sectors that align with their personal beliefs. ESG investments have become increasingly popular over the years, and  it is important to understand how this focus can impact your portfolio's overall exposure to the market. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.