This document provides tips and resources for improving financial wellness. It includes a 20-question quiz that assesses health and financial behaviors. Scoring well indicates frequently engaging in expert-recommended activities. Research discussed found moderate correlations between desirable health and financial behaviors. Studies showed those who budget, read nutrition labels, or plan more frequently had better scores. The 12 tips for improving financial wellness focus on budgeting expenses, saving for emergencies, setting goals, tracking finances, understanding taxes, calculating net worth, regularly saving for goals, and increasing savings with income gains.
Dr. Barbara O'Neill will present the topic: How Are You Doing: A Financial Check Up on December 4 at 11 a.m. ET on behalf of the Military Families Learning Network. Learn more: https://learn.extension.org/events/1316
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Ammad Awan Glasgow is also responsible for ensuring that profitable sales volume and strategic objective targets are met for the assigned key accounts.
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Dr. Barbara O'Neill will present the topic: How Are You Doing: A Financial Check Up on December 4 at 11 a.m. ET on behalf of the Military Families Learning Network. Learn more: https://learn.extension.org/events/1316
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
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I'll provide you the what'sapp number.
+12349014282
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
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Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
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Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
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What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
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Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
6. Key Points About the Quiz
• High quiz score: Respondent is frequently
performing activities that health and financial
experts recommend
• Quiz questions: “Step in the right direction”
activities; not necessarily at the highest
recommended level
– Example: Investing $3,650 annually for
retirement
7. Health Questions1 = Never
2 = Sometimes
3 = Usually
4 = Always
Daily Health Behaviors:
___ 1. I eat breakfast before starting my day (e.g., work, school, or other daily activities).
___ 2. I avoid drinking sugar-sweetened beverages (e.g., regular soda and sweetened coffee, tea, or waters).
___ 3. I eat 3 ½ to 4 ½ cups of fruits AND vegetables daily.
___ 4. I get at least 7 hours of sleep per night.
___ 5. I eat at least 1-2 high fiber foods each day (e.g., whole wheat bread and pasta, oat bran, beans, lentils)
___ 6. I eat and drink fat-free and/or low-fat dairy products.
___ 7. I avoid high-calorie salad dressings, gravies, spreads, and/or sauces.
___ 8. I eat foods that are low in fat and/or saturated fat.
___ 9. I get at least 30 minutes of aerobic and/or muscle-strengthening physical activity at least 5 days per week.
___ 10. I read the Nutrition Facts Label on food products before making a purchase
Health Score: __________
• 10-16 points- Your health choices could be better, but don’t despair. It’s never too late to take action to improve your health.
• 17-24 points- You are doing a fair job of managing your health practices and have taken some steps in the right direction.
• 25-32 points- You are doing a good job and are above average in managing your health.
• 33-40 points- You are in excellent shape managing your health. Keep up the good work!
• Note: Items that you scored with a 1 or 2 are actions that you should consider taking in the future to improve your health.
8. Finance Questions
Daily Financial Behaviors:
___ 11. I follow a hand-written or computer-generated spending plan (budget) to guide my spending and savings.
___ 12. I maintain an emergency fund equal to at least three months of basic, essential household expenses.
___ 13. I save the equivalent of at least $1 daily ($365 annually) in loose change in a savings account and/or or jar.
___ 14. I invest the equivalent of at least $10 daily ($3,650 annually) in investment accounts and/or retirement plans.
___ 15. I avoid payday loans, car title loans, pawn shop loans, cash advances, tax refund loans, and other high-cost debt.
___ 16. I owe less than 20% of my monthly net income on monthly consumer debt payments (e.g., credit cards, car loans)
___ 17. I eat at least two meals a day prepared at home instead of eating out (excluding traveling).
___ 18. I use advertisements, coupons, promo codes, sales, web sites, and/or discounts to save money on purchases.
___ 19. I live below my means (i.e., spend less than I earn).
___ 20. I make written “to do” lists or specific plans to organize my financial goals, spending, and/or daily activities.
Financial Score: __________
Score Interpretation
• 10-16 points- Your financial choices could be better, but don’t despair. It’s never too late to take action to improve your
finances.
• 17-24 points -You are doing a fair job of managing your personal finances and have taken some steps in the right direction.
• 25-32 points -You are doing a good job and are above average in managing your finances.
• 33-40 points -You are in excellent shape managing your finances. Keep up the good work!
Note: Items that you scored with a 1 or 2 are actions that you should consider taking in the future to improve
your personal finances.
TOTAL (Health + Financial) Score: __________
9. Research Papers
• O’Neill, B., Xiao, J.J., & Ensle, K. (2016a). Propensity to plan: A key to health and wealth?
Journal of Financial Planning, 29(3), 42-50. https://www.onefpa.org/journal/Pages/MAR16-
Propensity-to-Plan-A-Key-to-Health-and-Wealth.aspx.
• O’Neill, B., Xiao, J.J., & Ensle, K. (2016b). Positive health and financial behaviors: The impact of
time expenditure behavior and avoidance. Journal of Personal Finance, 15(2), 41-51.
http://www.iarfc.org/documents/issues/Vol%2015%20Issue2.pdf
• O’Neill, B., Xiao, J.J., & Ensle, K. (2017). Positive health and financial practices: Does budgeting
make a difference? Journal of Family and Consumer Sciences, 109(2), 27-36.
https://www.ingentaconnect.com/content/aafcs/jfcs/2017/00000109/00000002/art00007
• O’Neill, B., Xiao, J.J., & Ensle, K. (2017). Improving Health and Increasing Wealth: Research
Insights and Program Outreach. Journal of NEAFCS, 17, 11-23.
http://www.neafcs.org/assets/documents/journal/2017%20jneafcs%20final%202.pdf.
• O’Neill, B., Xiao, J.J., & Ensle, K. (2018). Reading nutrition labels: A predictor of health and
wealth? Journal of Human Sciences and Extension, 6(3), 1-24.
https://docs.wixstatic.com/ugd/c8fe6e_2c2b583fb22e4cedabc7b8e91f778371.pdf
• O’Neill, B., Xiao, J.J., & Ensle, K. (2018). Positive Financial Practices: Do Diet, Sleep, and
Physical Activity Make a Difference? 2018 ACCI annual meeting poster and accepted by Journal
of Family and Consumer Sciences (in press).
https://www.consumerinterests.org/assets/docs/CIA/CIA2018/O%27NeillCIA18.pdf
10. Planning Behavior Study
• Correlation analysis was conducted between the health and
financial behavior indexes. The correlation was 0.46 at a
significance level of p < .05. This suggests that desirable
health and financial behaviors are moderately associated.
• Support was found for all three hypotheses in this study:
– Respondents who reported frequent planning behavior had
higher health behavior scores than others
– Respondents who reported frequent planning behavior had
higher financial behavior scores than others
– Respondents who had higher health behavior scores also had
higher financial behavior scores
11. Budgeting Study
• Explored relationships between the practice of
following a formal budget and frequency of
performance of positive personal health and financial
practices (N =942)
• The results suggested that consumers who reported
following a budget more often scored higher in both
the health and financial practice indexes
• Budgeting and weight control both require discipline.
People who budget their money may be inclined to
budget their calories; i.e., have a daily calorie
“allowance”
12. Nutrition Label Study
• New data set (7/15-7/16); N = 3,414
• Support was found for four hypotheses:
– There are differences in demographic characteristics
between those who read Nutrition Facts labels and others
(i.e., female, older, higher education and income)
– Respondents who reported reading nutrition labels had
higher health practice scores and higher financial practice
scores than others
– Respondents who reported higher health practice scores
also had higher financial practice scores
13. Personal Health and
Finance Quiz
Research Summary
• All hypotheses to date have been supported
• Results clearly show associations between health
practices and financial practices
• Personal traits such as discipline, future-mindedness
and conscientiousness may be a key factor
15. 1. Have Enough Money to
Pay Expenses
• Can income be increased?
• Can expenses be reduced or eliminated?
• Both?
• No more than 15% to 20% of net pay for
consumer debt payments
– Credit cards and student, car, and family loans
• No more than 40% to 50% of net pay for
PITI or rent and consumer debt payments
16. 2. Set Aside Money For
Emergencies
• Three to six months of expenses is recommended
but…
– Any savings is better than no savings
• Keep first 3 months very liquid (e.g., bank)
– Next 3 months liquid (e.g., T-Bill, MMMF)
– Next 6 months somewhat liquid (e.g., CDs)
– Beyond 1 year: longer-term CDs, T-notes, short term bond
funds (some volatility), line of credit
17. 3. Set Written Financial
Goals
• Provide incentive to save and “reality test” for vague
dreams
• Set a specific deadline date and cost figure
– “Save $10,000 for a new car in 5 years [year]”
• Calculate benchmark progress indicators
– “Save 2,000 per year for five years”
• Review and revise periodically
18. 18
4. Follow a Written
Spending Plan
• Income = Fixed expenses (including
savings) + Flexible expenses + 1/12 of
Occasional expenses
• “Running balance method” includes irregular
expenses (e.g., property taxes) and irregular
income and “extra” paychecks
• Start by tracking income and expenses
• Review and revise as needed
19. 5. Know Your Federal Marginal
Income Tax Bracket
• 2019 federal marginal tax rates: 10%, 12%, 22%,
24%, 32%, 35%, and 37%
• Use tax rate to calculate after-tax return:
– Tax-equivalent yield = tax-free yield divided by (100%-
marginal tax bracket)
– Example: 4% (tax-free yield) divided by (100% - 22%) or
.78 = 4/.78 = 5.13%
20. 6. Calculate Your Net Worth
• Assets: everything you own
– Liquid (cash assets)
– Investment (e.g., IRAs, stocks)
– Tangible (property)
• Debts: everything you owe
– Short-term (paid off in a year or less)
– Long-term (e.g., mortgage)
• Provides a “snapshot’ of your finances:
http://njaes.rutgers.edu/money/pdfs/networthcalcworksheet.pdf
21. 7. Save/Invest Regularly For
Long-Term Financial Goals
• Mutual fund/stock automatic investment plan (AIP)
– Example: $50 withdrawn from checking account on 15th of
month to buy shares
• Tax-deferred employer retirement plan
• Employer credit union
• Checking to savings account transfers
• Other accounts
22. 8. Increase Savings When
Salary/Earnings Increase
“Kick it up a notch” when…
– You receive a raise or bonus
– You get a higher-paying job
– When a spouse enters the workforce
– When you get a new source of income (e.g., home-based
business)
– When expenses (e.g., child care) end
23. 23
9. Establish a Personal
Retirement Savings Account
• Individual Retirement Account
– Traditional IRA
– Roth IRA
• Employer tax-deferred retirement plan
– 401(k)s- For-profit corporations
– 403(b)s- Schools and non-profit organizations
– 457 plans- State, county, and local government
– TSP- Federal government and service members
• SEPs, SIMPLEs, Keoghs for self-employment
24. 10. Diversify Your Investments
• More than one type of asset class (i.e., stocks, bonds,
cash, real estate, etc.)
• Different investments within each asset class (e.g.,
stock in different industry sectors)
• Already diversified investments
– Mutual funds
– Exchange traded funds (ETFs)
25. 11. Purchase Adequate
Insurance For Big Risks
• Purchase insurance according to “large loss principle”
• Large potential losses include:
– Liability
– Disability
– Destruction of home
– Large medical expenses
– Loss of household earners’ income
26. 26
12. Comparison Shop For
Major Purchases
• Follow “The Rule of Three”
– Check at least three competing product or service providers
– Make an “apples to apples” comparison
• Always ask “Is this the best price/fee available?”
• Inquire about available discounts
• Time purchases for better deals
27. A Financial “Physical” Is As
Important As Medical Physical
• Can assess problems
– High debt level
– Lack of disability insurance
– Lack of investment diversification
• Can evaluate progress toward goals
• Can help identify action steps
• Can provide motivation to change
28. Key Financial
Wellness Indicators
• Having money when you need it
• Living within your means
• Saving money regularly for emergencies and goals
• Investing to achieve long-term goals
• Having no debt or manageable debt
• Having adequate insurance for financial risks
• Preparing up-to-date legal documents
29. Final Thoughts
• Financial wellness encompasses many areas
of personal finance
– Examples: Banking, borrowing, and budgeting
• There are many action steps that people can take to
improve their financial fitness
• Pick a few action steps that work for you
• Small steps make a difference
• Get help when needed
30. 30
Your Turn….Questions?
• For daily financial information, follow me on Twitter
@moneytalk1
• Money Talk Blog: https://moneytalk1.blogspot.com/