As your authority on financial issues and the provider of the best selling PDF financial file converters, the MoneyThumb team always try our best to make sure we deliver helpful and relevant information on the Rules of Thumb blog. In that vein, today we went searching high and low for the best advice on personal finance management in times of transition. So many people have either switched to working remotely or lost their jobs all together during this pandemic, which means it is time to take a serious look at personal finances and reassess your situation.
What we found in our searching was this great 40-page free workbook from Waterworth Wealth Advisors. Not only do they offer fantastic advice for dealing with personal finance management, but the workbook is also specifically designed for those of you who are transitioning in your career. What a great resource for times like these. The free workbook is titled Fundamentals of Personal Finance Management: Get on Base, and uses baseball analogies throughout, which makes it a much more entertaining read that a typical financial advise article would provide.
Below is an explanation from the introduction letter of the workbook:
"This workbook is designed to serve as a guide to those in career transition who want to gain a better understanding of their financial picture. During a transition, it helps to know your financial position, good or bad, so you can manage your money and job search strategy appropriately until the next door opens. Whether you are getting ready to start a new career or looking forward to retirement, there will be many personal financial tradeoffs to evaluate when making decisions about your future. This workbook is intended to give you fundamental tools and information to support your decision-making process.
The decisions you make today can affect your financial well-being for the rest of your life! Therefore, devoting time to evaluating your financial position and options for action is crucial. It can elevate your immediate job search by identifying baseline requirements for salary and benefits. In addition, it can help you process the economic side of the bigger, strategic questions you are likely working through, including but not limited to what’s next for your career and what the end game for your lifetime of work will be.
For some, the subject matter may be a bit dry. To make this information more accessible, consider a baseball-themed analogy. Why baseball? Well, there are many similarities. The objective of personal financial management is to achieve your financial goals, which for many include financial security during retirement and not outliving your money. In baseball, in order to win, players must score by safely arriving at home plate; and on defense, they need to make plays and avoid errors. Finally, it takes a team effort to win the game. In this guide, we offer you the fundamentals of personal financial management, which includes knowing your numbers, effectively managing risk, and avoiding errors, as well as assembling a team that will help you win the game of personal financial management."
MoneyThumb and the Rules of Thumb blog highly suggest that if you are transitioning in your career you take advantage of this free 40-page workbook to help manage your personal finances. It could make the difference between winning and losing in the race to keep your personal finances intact during our time of crisis. Here is the link again to download the workbook.
Another great way to help manage your personal finances is by using our PDF financial file converters designed for home use. MoneyThumb's proprietary software allows you to easily convert your personal bank statements. This previous blog post from the Rules of Thumb blog explains in detail the original need for PDF financial file converters and how they work.