#WeAreMayoClinic

Bank It or Plank It: Financial Bingo

Posted by Marianne Goettig @marianneg316, Oct 4, 2018

FIND YOUR LOST TREASURE: OCTOBER 15 - NOVEMBER 18, 2018

Year after year, financial concerns are one of the leading causes of stress in America. It’s time to break the trend and discover your very own lost treasure.

During this 5-week challenge, you will be the captain of your own ship. Before you raise anchor and set sail, start your adventure by defining an achievable goal. Set your course for success by getting bingo as many times as possible.

Challenge yourself further and swab the deck by getting a blackout bingo card by the end of the adventure! Explore the resources to increase your financial knowledge and discover small ways to reduce spending, save more, pay off debt and sail closer to financial security.

Before you know it, the “lost” treasure will be yours! Register Today! http://newsletter.carehubs.com/h/j/D69C1EE8BC958B6A

Interested in more discussions like this? Go to the Well-Being @ Work Community group.

Deb Dietrich | @dietrichd | Oct 12, 2018
In reply to @transom "One of the best things we did when I started at Mayo is joining the Mayo..." + (show)
@transom

One of the best things we did when I started at Mayo is joining the Mayo Credit Union. We use and abuse the subaccounts. I am sure they cringe every time we come in and want to add yet another one. 🙂

Each pay period, we set aside 25 into one subaccount, 50 into another, etc. It is great! This way, we don't have to come up with chunks of money when Insurance payments are due, Property Taxes, etc. We have one for everything, including gift giving. It works very well!

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Great suggestion! We also do this and have for years. Our very first one was for a vacation fund and perhaps one of the best things we've ever done. I'm sure this has saved us from lots of arguments about money, as well. 🙂

REPLY
Doreen Olson | @m036480 | Oct 15, 2018

I am excited to be a part of this challenge since this is one of my goals, to be debt free. One trick is to look for deals on items you would normally pay a lot of money for, but are finding new or like new for less. I do this for gift giving a lot and they feel special, and that you took the time to think of them, and you saved yourself some cash too. I gave a glass picture frame for a friend's wedding last week, that would hold a photo and copy of the invitation.. They said it was one of the nicest gifts they received. We will keep our secret that I got it for $1 at a local thrift shop. If I bought it at a store it would have cost over $35.

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Marianne Goettig | @marianneg316 | Oct 15, 2018

Bank It or Plank It: Week 1 PLAN
Jokes of the Sea 
Q: What lies at the bottom of the ocean and twitches?
A: A nervous wreck!

Share with us your financial priorities and what financial goals do you want to achieve in the next 5 years? 

Shared files

Explore Further - Plan (Explore-Further-Plan.pdf)

REPLY
1 reply
Marianne Goettig | @marianneg316 | Oct 15, 2018

Captain's Orders:
As you set sail and chart your course, be sure to define your goals. You can get lost at sea with a goal that is too big or too far out in the future. Keep it simple and attainable. Define your goal in numbers and think within reach. Refer to the SMART Financial Goals handout to help you get started.

Shared files

SMART Financial Goals (SMART-Financial-Goals.pdf)

REPLY
Twila | @twilalobitz | Oct 15, 2018

A Zero-Based Budget is the most help to me. Telling my money where to go instead of wondering where it went. I follow Dave Ramsey's financial fitness plan. 🙂

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Fayrouz Manadilo | @fayrouz | Oct 15, 2018
In reply to @tinabialzik "Hey all, As part of the team working on this challenge, I thought I would let..." + (show)
@tinabialzik

Hey all,
As part of the team working on this challenge, I thought I would let you know that I used one of the tips you will see in the challenge while shopping at Scheel's last night. I asked them if they would price match, and they were happy to do it. I saved $34.82 and walked out feeling like a winner. 🙂

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great job please fill me in.

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1 reply
Tina Bialzik | @tinabialzik | Oct 15, 2018
In reply to @fayrouz "great job please fill me in." + (show)
@fayrouz

great job please fill me in.

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@fayrouz, good morning!
In week 5, we will address the "Spend" category and give examples of how to spend wisely. One of the ideas that we share is comparing prices. I found the items I wanted to purchase and then looked them up on very popular shopping app to see if they were priced less. I simply showed the cashier my phone, he called the manager, she verified the items were the exact same and happily gave approval for the price match. I was able to get expert advice from the store, shop local, and get the lowest price with just an extra minute or two of my time. If my husband wasn't waiting in the car, I might have searched other sites for lower prices too, but I thought $34.82 was a pretty good savings. 🙂

As you participate in the challenge, be sure to look at the "Explore Further" documents. Explore Further documents expand on the action items that were included with the bingo cards. The bingo cards have a shorter, easy to read version.

Hope you enjoy!
Tina

REPLY
1 reply
Fayrouz Manadilo | @fayrouz | Oct 15, 2018
In reply to @tinabialzik "@fayrouz, good morning! In week 5, we will address the "Spend" category and give examples of..." + (show)
@tinabialzik

@fayrouz, good morning!
In week 5, we will address the "Spend" category and give examples of how to spend wisely. One of the ideas that we share is comparing prices. I found the items I wanted to purchase and then looked them up on very popular shopping app to see if they were priced less. I simply showed the cashier my phone, he called the manager, she verified the items were the exact same and happily gave approval for the price match. I was able to get expert advice from the store, shop local, and get the lowest price with just an extra minute or two of my time. If my husband wasn't waiting in the car, I might have searched other sites for lower prices too, but I thought $34.82 was a pretty good savings. 🙂

As you participate in the challenge, be sure to look at the "Explore Further" documents. Explore Further documents expand on the action items that were included with the bingo cards. The bingo cards have a shorter, easy to read version.

Hope you enjoy!
Tina

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Tina, thank you so much, can you please lead me to the link for the "Explore Further" documents I'm still lost and trying to keep up with the challenge.
Thanks again.

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Tina Bialzik | @tinabialzik | Oct 15, 2018

@fayrouz - The documents are hyperlinked in the weekly emails, but they can also be found on the Employee Well-Being site for this challenge right below the registration link. Here is the link to the site: http://intranet.mayo.edu/charlie/well-being/programming-and-events/bank-it-or-plank-it-financial-bingo/

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Linde Sifuentes | @sifuenteslinde | Oct 15, 2018
In reply to @marianneg316 "Bank It or Plank It: Week 1 PLAN Jokes of the Sea  Q: What lies at the..." + (show)
@marianneg316

Bank It or Plank It: Week 1 PLAN
Jokes of the Sea 
Q: What lies at the bottom of the ocean and twitches?
A: A nervous wreck!

Share with us your financial priorities and what financial goals do you want to achieve in the next 5 years? 

Jump to this post

Reduce debt and set myself up for retirement as I am 20-25 years away from it. I want to enjoy my time and not have to feel like I need to work.

REPLY
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