3 Steps to Financial Resilience
3 Steps to Financial Resilience
3 Steps to Financial Resilience

If life threw you a curveball, would you be ready for it financially-speaking? If you're just getting by paycheck-to-paycheck, welcome to the club! This is the new norm for millions of households, but CFP Manisha Thakor is here to help you achieve Financial Resilience with 3 clear steps:
· Reduce your debt
· Balance your budget
· Save for the future

With concrete actions and goals for your assets, debts, and savings, you'll be empowered to make real changes and reach Financial Resilience!

See printable plan
Caitlin Marshall , Level 22
Kathryn Curcio , Level 20
Armindy Jones , Level 47
Caitlin, Kathryn, Armindy and 2912 others joined this program
At a Glance
Beginner
13 videos (Avg 9 min)
9 mins average length
Benefits
•Gain Technique
•Learn Basics
•Reduce Stress
▼

Week 1

1
Thumbnail image for What is Financial Resilience?
What is Financial Resilience?
6:30

2
Thumbnail image for What Causes Financial Fragility?
What Causes Financial Fragility?
6:14

3
Thumbnail image for Empower Yourself with Financial Literacy
Empower Yourself with Financial Literacy
5:13

4
Thumbnail image for Debt: How Did I Get Here?
Debt: How Did I Get Here?
10:00

5
Thumbnail image for Debt: Should I Consolidate?
Debt: Should I Consolidate?
11:43

6
Thumbnail image for Debt: Reduce Your Debt
Debt: Reduce Your Debt
13:36

7
Thumbnail image for Debt Special: Smart Student Loans
Debt Special: Smart Student Loans
9:33

▼

Week 2

1
Rest Day
2
Thumbnail image for Budgeting: What Does Healthy Spending Look Like?
Budgeting: What Does Healthy Spending Look Like?
9:00

3
Thumbnail image for Budgeting: How Much Can I Afford?
Budgeting: How Much Can I Afford?
13:29

4
Thumbnail image for Budgeting: Balance Your Budget
Budgeting: Balance Your Budget
13:14

5
Thumbnail image for Saving: How Can I Afford to Save?
Saving: How Can I Afford to Save?
6:59

6
Thumbnail image for Saving: Create an Emergency Fund
Saving: Create an Emergency Fund
5:53

7
Thumbnail image for Saving: For the Future
Saving: For the Future
12:59

Videos

A Message from Manisha About COVID-19
A Message from Manisha About COVID-19
Manisha shares a short personal message about the COVID-19 outbreak if your personal financial situation feels less in your own control than ever during this uncertain time.
What is Financial Resilience?
What is Financial Resilience?
If you’ve joined this program, you may be feeling a bit in over your head financially. Get started with Manisha's 3-step program by learning about the concepts of Financial Resilience and Financial Fragility, and the goals and structure of the course.
What Causes Financial Fragility?
What Causes Financial Fragility?
Before you take action on your own finances, dive a level deeper to fully understand the causes of Financial Fragility. In this video, Manisha walks you through how to conceptualize your financial situation, and recommends a short quiz to score your financial wellbeing.
Empower Yourself with Financial Literacy
Empower Yourself with Financial Literacy
Even if you feel like an expert at keeping all your financial balls in the air, studies show most people know less than they think. In this video, Manisha explains the importance of financial literacy, and how this program is structured to help you achieve literacy and teach you concrete actions to improve your financial situation.
Debt: How Did I Get Here?
Debt: How Did I Get Here?
A common sentiment if you're struggling with debt may be "How did I get into this situation?" In this video, Manisha clearly explains the societal problems that cause lots of hardworking people to fall too far into debt, and helps you tally up all your debt to get a clear look at the big picture.
Debt: Should I Consolidate?
Debt: Should I Consolidate?
Consolidation can sound like an easy fix for unmanageable debt, when it's more like a bandaid. Learn about the pros and cons of consolidation, so you can make an informed decision about whether it's the right choice for you, and how to consolidate without falling victim to predatory offers if you do.
Debt: Reduce Your Debt
Debt: Reduce Your Debt
In the final part of the Debt section, Manisha lays out the smartest solutions to deal with all kinds of debt from credit cards, to housing and transportation, to medical bills. You'll have concrete actions that you can put into practice to start sustainably getting out of debt.
Debt Special: Smart Student Loans
Debt Special: Smart Student Loans
Student loans are unique from other types of debt in many ways, so in this special additional video Manisha breaks down the cost-benefit analysis you should do before taking out student loans, and how best to manage paying them back if you have them.
Budgeting: What Does Healthy Spending Look Like?
Budgeting: What Does Healthy Spending Look Like?
To kick off the budgeting section of the program, Manisha discusses the misleading effects of media and culture on people's ideas of budgeting, and introduces the 50 / 30 / 20 budgeting rule that forms the basis of her recommended budgeting actions.
Budgeting: How Much Can I Afford?
Budgeting: How Much Can I Afford?
In this follow-along video, you'll walk through a budgeting exercise along with Manisha's hypothetical friend Joy O. Budgeting. This exercise will show you how much you can afford in different areas of your budget and help you work out an ideal budget, starting from your income and working your way down.
Budgeting: Balance Your Budget
Budgeting: Balance Your Budget
In this second follow-along budgeting video, we'll work in the opposite direction, starting with your actual spending and working up to the income that would be required to sustainably support it. Then armed with an ideal budget and your actual spending to compare, Manisha provides smart strategies to balance your budget.
Saving: How Can I Afford to Save?
Saving: How Can I Afford to Save?
Your first thought when it comes to saving might be “How can I possibly afford to save anything?” In this video you'll join Manisha in a sleuthing exercise to find your "leaking money" and start making baby steps towards saving even if you feel like it's beyond reach.
Saving: Create an Emergency Fund
Saving: Create an Emergency Fund
If you're just getting started saving, the first big goal is to create an emergency fund – which will actually make you financially resilient to weather unexpected financial emergencies! In this video Manisha discusses how to set personal goals for an emergency fund, depending on your own life situation.
Saving: For the Future
Saving: For the Future
Long term savings for retirement or your children's education can feel daunting and stressful – either it's a long way off and abstract or it's bearing down too soon and you're not sure how you'll make it through. Get some sound advice on how to focus your long term savings efforts, and how to determine what amount to put away.
At a Glance
Beginner
13 videos (Avg 9 min)
9 mins average length
Benefits
•Gain Technique
•Learn Basics
•Reduce Stress
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