Do more than survive. Thrive!

Life is busy, unpredictable, and sometimes financially overwhelming. At MSA, our mission is not just to help you get by—but to help you thrive.

Now is the perfect time to step back, take a breath, and take charge of your financial life. Whether you’re rebuilding, adjusting, or simply planning ahead, your MSA Money Coach can help guide you toward a healthy and confident financial future.

What Could a Healthy Financial Life Look Like?

Let’s start with the basics of financial wellness and take time to apply lessons from recent years—lessons that can benefit the whole family.

Make a Realistic Budget & Stick to It

A good first step is to build a realistic budget. The old saying, “Don’t live beyond your means,” still rings true. It means spending less than you earn—a concept that’s simple but not always easy. Many people live paycheck to paycheck, so even small savings matter.

Start by trimming expenses to focus on true needs. As your situation improves, stick to your revised budget to build savings. Even cutting back on coffee runs or restaurant meals can free up money. Try hosting budget-friendly dinners with friends instead—it’s the time together that counts.

Make budgeting a family activity. Challenge kids to come up with savings ideas to help them learn valuable habits early.

Build an Emergency Fund

Emergencies happen. A surprise medical bill, a car repair, or a job change can hit your budget hard. Aim to save 3 months’ worth of your income, but start with any amount that fits. Building this fund can help reduce your reliance on credit and add peace of mind.

Be Ready to Adapt

Life brings change—job shifts, family growth, and unexpected expenses. The key is to stay flexible and resilient. If you have kids, show them that adjusting to change is part of life and that your family can adapt together.

Avoid Taking on New Debt

Try to avoid accumulating more debt. If you’ve consolidated credit cards into a loan, consider putting your cards away until you’ve paid down the balance. Be cautious about financing major purchases unless absolutely necessary.

Talk to Creditors Early If You’re Struggling

Creditors, banks, and utility companies are more willing to help if you contact them early. Don’t wait until you’re in default. Let them know what’s going on—many may be open to renegotiating payment plans or offering hardship support.

Reevaluate Subscriptions & Services

Take a close look at your cable, internet, and phone plans. Many providers can be willing to offer discounts or alternative packages to keep your business. Consider canceling services you no longer use.

Talk to Your Landlord About Rent or Utility Relief

If you’re facing financial stress, don’t hesitate to ask your landlord about options. Many would prefer to keep a reliable tenant at a slightly reduced rent rather than risk a vacancy.

Contact Your Lender About Loan Options

Reach out to lenders about potential repayment programs or deferment options for mortgages and student loans. Make sure you understand the terms and how it affects your future payments.

Explore Work Flexibility

More employers now offer remote or hybrid work opportunities. Consider whether part-time or full-time remote work could reduce transportation, food, and clothing costs—and improve your work-life balance.

Watch for Scams & Fraud

Fraudsters often strike during times of uncertainty. Stay vigilant about emails, texts, or ads promising fast money or investment schemes. If it sounds too good to be true, it probably is.

Review Insurance Policies

If your driving habits or daily routine have changed, you may be able to adjust your auto or home insurance for savings. Check in with your provider about discounts for low mileage or bundled policies.

Reflect & Reset

This is a good time to reflect on what you’ve learned about your financial habits and priorities. Family and security matter more than ever. Building a solid financial foundation can help ease stress and give you confidence.

You don’t have to do this alone. Call a compassionate, nonjudgmental Money Coach at MSA today. We’re here to help you take control of your financial life and build toward the future you deserve. Schedule a coaching session.