Description

State of the Family

Brittany and I do a ‘State of the Family’ meeting every year for the past 10 years. It started with a question of “Where are we in life?”, “Are we on the right track?”, “Can we afford the vacations this year?” and the most common “Where did all of our money go??”

Now it has grown into a twice a year mandatory review for us to go over our past finances together, and discuss our upcoming expenditures. This way we can visualize the progress we are making and make sure we are intentional about the things most important to us (time off, finances, kids).

We’ve had so much interest in our process that we’ve worked hard to create spreadsheets that are applicable to almost every situation. We have packaged these into an email series that you can use to facilitate discussions with your partner and stay on track with your life goals!

What gets measured, gets managed

– Peter Drucker

Outline of Series

Once you place your order you will immediately receive the 1st email in the series, each subsequent email is sent the following day. By doing this, you will better understand each section as they build on one another leading up to the State of the Family finale!

Email Topics:

Basic finances and Budgeting; Basic Finances and Budgeting Spreadsheet Attached
Interview with our Financial Advisor
Long term planning (Investing, Retirement, 529s, Real Estate investing); Long Term Planning Spreadsheet Attached
State of the Family; State of the Family Spreadsheet Attached

Basic Finances and Budgeting

Budgeting and basic financial review are the cornerstone for healthy home finances. This email will outline the importance of budgeting and paying off debt (we <3 Dave Ramsey).

The spreadsheet is organized for you to input:

Cash on hand for bills and emergencies (checking & savings accts)
Debts (Credit Card, Student Loans, Medical, HELOC and more)
Asset Equity (Home, Vehicles)
Monthly Budget

The print out will include a breakdown summary of your finances as well as discussion points customized to your situation to help facilitate a conversation.

Retirement & Long Term Planning

The long term planning section begins with an interview with our financial advisor. We have collected questions from Instagram, email, facebook and what we have been asked over the years to provide you with an additional perspective on long term goal planning from one of the best in the industry.

Following the interview email, the long term planning email and spreadsheet are designed as the second step in your financial assessment. This spreadsheet covers:

Regular investment accounts
Investment Real estate
IRA / 401k / 403b Planning
529 Planning

Additionally, the spreadsheet ends with discussion points that are customized for your specific situation to facilitate a conversation about your long term and retirement planning.