My Financial Life Coach – Week in Review – March 10-16, 2012

This blog entry includes everything from this week that I posted on Twitter, Facebook, LinkedIn; along with links to WordPress posts.

March 10

Consumer Credit Increased 8.6% in January 2012

The days of homebuyers going after the biggest, best house they can afford (and sometimes can’t afford) are over.

March 11

Banks foreclosing on churches in record numbers

Thought for Tomorrow: When your life is busy and stressful, sleep. Just as relaxation and recreation are necessary to help you recover from a busy day, a good night’s sleep will help you to rejuvenate so that you can be ready to pursue your goals. So why not start the week out right by going to bed on time tonight?

March 12

Time Tip: While delegation is generally a means to efficiency, it can sometimes create frustration and poor results. Be careful to delegate tasks to the correct people, those who understand them and can complete them well. Also be clear as to who has which responsibilities. Accidentally assigning the task to multiple people is a huge time waster.

Money Tip: When you go out to eat, skip the drinks and dessert. For example, say a family of four purchased four drinks at $1.50 each and four desserts costing $2.50 each. If they were to eliminate those items, they could save $16 every time they go out to eat. If they only go out to eat an average of four times per month, they would still be saving $768 per year!

Thought for Tomorrow: There are people so poor, that the only thing they have is money. –Unknown.  How about you? Don’t go to work tomorrow just for the money. Go there to meet needs of your customer, and the result will be a paycheck to meet the needs of your family. -Bryan

March 13

Time Tip: While multitasking is often detrimental when doing two or more needed tasks, it can work when one task requires little or no thought. For instance, if you want to listen to music, do it while you clean the house. Call your mother during your evening walk.

Article: Government records highest-ever monthly deficit:

My Financial Life Coach Blog Article:  Enemies of Your Financial Goals

Money Tip: Wrap an insulating jacket or blanket around your hot water heater to help it be more efficient in retaining heat.  What ideas can you share?

Video: This three minute video puts the US deficit into perspective –

Thought for Tomorrow: The dictionary is the only place where success comes before work. Take responsibility of your situation & take action.

March 14

Time Tip: Work expands to fill your time frame. If you schedule a single project, it will likely take you all day. Instead, plan to accomplish several tasks.

My Financial Life Coach Blog Article: Poor vs. Broke – How do you look at it?

Money Tip: Ask for your children’s input on your family’s financial decisions. You will be educating them, and they may even come up with some great ideas you hadn’t even considered.

Thought for Tomorrow:  Television viewing results in an upscaling of desire which in turn leads people to buy. Every additional hour of TV viewing per week boosts spending by roughly $200 a year. –Harvard Study

 March 15

Time Tip: Work on important tasks when you are more alert. Save more mundane pursuits for the times you are naturally less active.

Dave Say’s

Money Tip: Heating and cooling costs generally comprise the majority of energy bills. To lower those costs, use appliances that require less energy. Some appliances may cost more initially but will save money over time. Before purchasing one, compare the operating costs over the expected life of the appliance to determine which model is the most cost effective.

And the Winner is… Single Mom’s Ask Sara

Thought for Tomorrow: Want to feel rich? Count all the things you have that money cannot buy. So what you are thankful for tonight?

March 16

Time Tip: When you watch T.V., fold the laundry or clip the coupons. You can eliminate some work while watching your favorite show!

Money Tip: Avoid places where you make unnecessary purchases. For example, if you often buy clothing impulsively, don’t go to a clothing store unless you need and plan to purchase a particular item.

Thought for Tomorrow: You cannot live a positive life with a negative attitude. Are your finances negatively impacting your attitude? Take action this weekend.

Thank you for reading the My Financial Life Coach blog where we talk about money, goals, family, life events, spending, and economic news. We do make every attempt to avoid the topic of politics but we will bring up economic policies that need communicated. Our job is to educate and motivate you to the debt-free life style.

Don’t forget to checkout our website (  for 100’s of resources including tips, articles, spreadsheets, web-based training, and more.  Why not tell a friend? Looking for daily motivation? Checkout the My Financial Life Coach Facebook page.

Bryan Cooper
My Financial Life Coach
2280 W William St., Suite A
Delaware, OH 43015

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Filed under Balance, Blog, Dave Ramsey, Events, Family, Finance, Goals, household budget, Life, Personal Finance, Saving Money, Time, Time Management, Uncategorized

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