Your Virtual Financial Coach
Take Control of Your Money!
All branches will be closed at 4pm on Friday, August 26th, and CLOSED ALL DAY on Saturday, August 27th, due to our White Bear Lake, Stillwater, and Hugo branch conversion to Royal Credit Union. We truly apologize for the inconvenience this may cause.
Setting Up Your Business
When it comes to organizing your business structure, you have a lot of options. Learn the differences between sole props, LLCs, and incorporation, then get ready to license your business in the USA.
Business Bookkeeping
Owning a business means staying on top of financial reports and bookkeeping. This Coach session will guide you through basic bookkeeping principles and provide a spreadsheet for you to create both a Profit & Loss Sheet and a Balance Sheet for your business. Follow along and have your business receipts and finance information at the ready.
Your 1st SBA Loan
Growing a business means you have to raise capital and SBA loans are one way to do that. This session will help you evaluate how much your business may need to borrow and how to apply for the right SBA loan.
Am I Ready To Retire?
Every individual has a different goal for retirement. This Coach guides you through setting a personal retirement goal and predicts your total retirement savings. It then helps you evaluate whether you’re on track to meet your goal.
Retirement Funds
When you invest in a retirement account, your money will grow until you’re ready to retire. But how do you know whether to use a Traditional or Roth retirement account? This Coach session will walk you through both types of accounts and show how your personal retirement savings will be affected by either one.
Saving w/ Purpose
Saving with a purpose is the secret to making your goals a reality. This Coach session will help you set concrete savings goals and show you how much you need to save every month to reach them. There’s no better time to start saving than now!
Create A Budget
You need a budget to tell your money where to go, but making one can seem daunting. This Coach walks you step-by-step through the process of creating a budget that fits your lifestyle. Using the 50/30/20 rule, every dollar is assigned to needs, wants, or savings. You’ll also receive personalized advice to set you up for success.
Trim Your Budget
Reducing your monthly expenses is a surefire way to keep more money in your pocket, but getting started is easier said than done. This Coach walks you through your current spending one category at a time and gives you ideas for cutting costs. See the power of trimming expenses and identify just how much money you can save.
Build Your Emergency Fund
An emergency fund is an amount of money you set aside to cover unexpected expenses or to cover basic expenses if there are significant changes to your income. How much you need in your emergency fund is unique to you and your personal circumstances.
The 50/30/20 Rule for Teens
No matter how much money you have or where you get it (your job, allowance, or birthday money) you need to manage it well to make the most of it. Learn about the 50/30/20 rule for splitting funds into needs, wants, and savings, and discover exactly how it applies to your money.
What Mortgage Can I Afford?
Carefully selecting a mortgage you can afford will help ensure that you can successfully pay for your new home. This Coach session will guide you through setting a monthly mortgage payment goal and discovering how much house you can afford. You’ll also learn the main factors that affect mortgage costs.
How Do I Build Credit
A good credit score has a major impact on your finances, so it’s important to start out strong. In this Coach session, learn how to build a credit score for the first time or boost an already decent score, and create a plan with options that work for you.
Get Out of Debt
Managing debt is the best way to find financial freedom. This Get Out of Debt Coach session acts as a virtual Debt Coach, providing useful strategies to manage your personal debt situation and create a plan to pay off your debts using the debt snowball or avalanche methods.
Financial Wellness Assessment
The Financial Wellness Assessment lets you take a step back, analyze your spending, budgeting, and saving habits so you can reflect on how you’re currently managing personal finances.
Make The Most of Your HSA or FSA
Both an FSA and HSA lower your taxable income while providing a way for you to pay for health care costs, but they’re not quite the same. This Coach will provide information on both types of accounts, guide you through estimating your health care costs, and suggest how much you should contribute to your HSA or FSA.
Teen Cyber Safety
This game is designed for teens, ages 13-18, but anyone can play! Navigate through fun dilemmas and wacky scenarios to try and spot red flags and avoid negative consequences. Some things online are obviously unsafe and some decisions are clearly unwise, but others? Well… they can be tricky. Test your cyber security expertise by clicking on the link below!
The Cost of College
Planning for college means anticipating big changes to your budget. This Coach session will walk you through the biggest expenses you’ll need to pay and help you create a list of expenses for one year.
The Cost of A Wedding
Successfully planning a wedding within your budget is challenging but rewarding. This Coach offers assistance in estimating wedding costs specific to you and your partner’s wedding plans. It’s designed to help you get a head start on deciding where, when, and how you’ll be hosting your event.
Out of Work?
When you’re out of work, it’s natural to feel unsure of what to do next. This Coach walks you through potential impacts to your budget, insurance, retirement funds, and more, and explores your options for dealing with lost benefits and finding a new job. You’ll finish with a custom action plan for moving forward.
Convenience at Your Fingertips
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