Make Money Simple: Paycheck? Frugality? Please!

Yesterday we began the conversation living without a paycheck.  I want to include a list that you can save as you do your Legacy planning.  This list will give you an idea of what you should be looking at as you plan this future desire of having a paycheck when you stop working:

  • Social Security
  • Home and Mortgage
  • Insurance
  • Retirement Plans
  • Savings and Investments
  • Debt
  • Fraud

One of the biggest issues with those who are retired is that they feel constrained in how much they think they can spend every day, every week, every month.  Seniors especially worry too much about preserving their money.  They are in effect self insuring against “what might happen”.  As a financial planner professional, I worked with clients on the following plan:

  • Account for all assets
  • Develop a monthly spending plan for retirement when they are retired
  • Create the most conservative longevity factor with the client to the point that they think it is laughable they could live to that number
  • Calculate the monthly allowance they can have and
  • Determine their “spending money”

The amount of money they allow to have in their pocket, their wallet, their purse is an empowering number which they probably will not spend, but it makes them feel good.

When you think about your Legacy and your future without a paycheck, go through the above steps.  Find the right Financial Professional to work through this further as you approach the time of a Required Minimum Distribution (RMD) and more.  But the real reward in the Legacy planning comes as you begin to practice living the Legacy and feel good at what you are doing, including spending your money to bring you joy!

Facebook:  Empower Excellence  “financialwellnessforall”

Facebook:  Empower Excellence “It’s Your Money” LIVE and More

LinkedIn:  Janice Marie Litterst

Twitter:  @empowerwithjan

Email/Phone:     440-670-2252

Weight is Not Just a Woman’s Issue, and It Does Involve Money in More Than One Way…

Money is so totally involved in our every day life and decisions, even on the weekends, and that is a time when many go to the grocery store, farm market, and out to eat!  Several years ago I learned of Geneen Roth and two of her books:  WOMEN, FOOD, AND GOD and LOST & FOUND.  Yes, she is a woman, but she also talks to men about food, money, spirituality.  And they are all connected.  The way we eat is the way we spend in our total lives.  The way we eat affects our binging and hoarding in life.  There is a strong correlation between our cash and our consciousness and mindfulness.  That is why I believe grocery shopping happens on the weekend:  it is a type of entertainment and escape!  It is a time when we toss around the concept that we don’t have “enough”; it is a time when we “stock up” like a winter storm that will last for weeks is coming.  Or, the food we need or do not need is “on sale”.  Food gives us energy literally and figuratively!  It also can lead to regret when we see the total cost and bring it all home to put it away!  Why did we buy all that we did?  Are we undernourished?  In a way, yes, we are.  Eating and spending money, in general, can be a way to try to fill an emotional hole that we many times cannot identify.  If we took the time and found the “hole”, we would have the choice to fill it or not and stop the eating and spending habits that could be making us “poor” in other ways.  We might become content, we might spend less, and we might eat just the right amount that we need for true physical and mental energy. When we overspend and overeat, we are at war with ourselves, or others as well.  How to stop is a forever question…resolve to stop, or resolutions to stop eating as much or spending as much, is quite common at this early part of a year but it usually fades away as the calendar pages turn.  It is very true that looking at simplifying our lives can help…both with money and eating.  It is also true that finding a way to simplify is aided by four simple actions, which can be done together of separately, to find success on a path to reduce overspending and overeating:

  1.  Meditation is so ingrained in my life, but that is because it brings quiet and stillness into my life.  It brings peace.
  2. Paying attention to your feelings.  What is missing?  What had made us feel that we need to spend or to eat more than we really want to in the long term?  When our feelings are positive, we tend to eat and spend less because we are ok.
  3. Breathing when tension or stress begin to show their signs.  Deep breathing for several minutes helps you slow down and listen to…
  4. Intuition.  You and I both know what we need to do and what is right to do.  Intuition is always with us.  Learning to tune in is the key.


Facebook:  Empower Excellence “It’s Your Money” LIVE and More

What Would I Do if I Was Being Truly COURAGEOUS?


Money often times requires decisions; decisions are often times hard to make!  And, when, those decisions are in regard to something you want for you, they may be harder to make as we have been raised to think of others.  That is a valid and admirable trait, and it avoids being labeled as “selfish”, but “selfish” is a necessary trait for self-preservation in all parts of our lives.  It is self care, and self care is necessary for health in mind, body, and spirit.

So, what would you do if you were being truly courageous?  You might be surprised at the answer; and, whatever the answer might be, I am willing to bet that it involves money!  And sometimes the answer can be a very small thing in your life that if changed would make a really big difference.  I see this all of the time.  Folks want to do something that they really want to do but they put it off because of a lot of things including money.  A married spouse wants to take a separate vacation just to have their own space and time but they are fearful of what their spouse might think, they are fearful of spending money on themselves, they are fearful of being by themselves.  Who knows what might come of that in pure quiet time and meditative thinking when the only person you have to be concerned about is you!  

Other times, true courage is needed to make a change in career–and money also plays a big part in that part of your life.  As is often said, the devil you know is better than the devil you don’t know!  You may hate what you do, but you do it because others depend on you for support, others feel secure in your security, and more times than not, in making a career change, folks hear a lot of feedback that questions their even thinking of making a change.  I often see this when someone wants to move to a different part of the country–does not matter their age.  Families of seniors often are the loudest critics of seeing their parents move to a climate that they prefer.  

Fear is what this is called, and it is fear not only for you but for those you care for.  It is always easier to just go along to get along, but is it really?  There is a time that being courageous can be healthy for you in mind, body, and spirit.  You may find that even thinking about it makes you happy, and that should tell you that you are on the right path.  Go the next step, talk about it with someone you trust.  It is amazing when clients begin to work with me in a supportive role with their money and their pending decisions that they begin to relax, they begin to look at all of the variables, including financial, in order to come to a decision to take the next step.  And that is powerful!  It is also courageous.  Do they always take a flying leap?  No, but they have examined their options, and they feel courageous in doing that, no matter what the outcome.  

Empower Excellence, LLC


Yay! Yay! Yay! U R G..R..E..A..T with  M…O…N…E…Y! YAY MONEY!

Yay! Yay! Yay! U R G..R..E..A..T with

Ok, maybe we are pushing this a little bit; but, maybe, just maybe, a Money Cheerleader is what you need!

When it comes to money, there are few people who will put their arm around you and pat you on the shoulder and say “You are great with money!”  At least not in my world of finances and money.

And maybe we need more cheerleaders who do just that in our lives.

Many times we can remember all of the times that people told us we made the wrong decision with money. We remember when we lost the money we were given, either intentionally, e.g. gambling, or unintentionally by misplacing it.  Really.   It does happen.

But there are few times when people can look at you and say “You did a good job spending that money!” and not be full of sarcasm.

Spending money is a big responsibility, and we really are never taught how to make money decisions as a child.  Sure, we are taught how to put money in a piggy bank.  I even have a piggy bank with four stomachs for various purposes:  spending, saving, investing, and donating.  And there are four openings so that you can take the money out purposefully.  Sure, we are taught how to open bank accounts; and how to responsibly withdraw it.  But, really learning how to think about spending money comes along with a helter skelter approach.  Like spinning stones across water, sometimes it works and sometimes it doesn’t.

Maybe what we really need as adults is a coach who can transform our thoughts about money.

Something to think about.