OUR FINANCIAL COACHES
Welcome to Banzai coaches — your virtual financial mentor.
Banzai coaches offer personalized guidance to address common financial questions or objectives. These interactive coaching modules step you through setting goals and offering outcomes tailored to you.
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.
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.
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.
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.
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 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.
While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.
Neither Banzai nor Lake Area Bank make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.
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