This 3-sentence summary provides an overview of the key points from the personal finance workshop document: The document outlines an introduction to a personal finance workshop hosted by Dr. Kristin Palmer, including housekeeping details and an agenda covering tools and templates as well as introductions to budgeting techniques like paying yourself first, eliminating debt, maintaining an emergency fund, practicing lifestyle inflation awareness, and following the 4% rule for retirement spending. The workshop also reviews strategies from books like Your Money or Your Life and Dave Ramsey for minimizing spending and getting out of debt.

1. Personal Finance
Workshop
Welcome to the…..
with Dr. Kristin Palmer

2. Format for today’s workshop
● Housekeeping
● Introductions
● Tools and templates
● Follow up email with slides and survey

3. HOUSEKEEPING
You’ll get the
slides via email
Please provide
feedback in the
survey
Please mute
when not
speaking
On or off
camera is
a-ok
This is a safe place

4. Dr. Kristin Palmer
CEO, Life Coach, Builder, Woman who gets stuff done, Crusader for Improving the World through Education.

6. It took me about 15
years but I realized
the root of most of
my marital
arguments is
MONEY.

7. Pay yourself first.

11. Income

12. Everyone needs an
emergency fund.

13. All debt is bad.*
*Mortgages _may_ be the exception.

14. FIRE
Financial Independent, Retire Early

15. Be aware of you
habits.
Be aware of (the cost of) your habits….

16. Watch out for lifestyle inflation.

17. 4%
Roughly what you should plan to spend of your retirement
fund annually to not reduce your overall balance.

18. https://yourmoneyoryourlife.com/book-summary/
Money as your life energy
Understanding how much money you’ve made in your life and what you have to show for it.
Checklist: Think Before You Spend
● Don’t shop.
● Live within your means.
● Take care of what you have.
● Wear it out.
● Do it yourself.
● Anticipate your needs.
● Research value, quality, durability, and multiple use.
● Get it for less.
● Buy used.

19. Dave Ramsey and Rachel Cruze

21. The Envelope System
Cash Only
When it’s gone, it’s gone
Cut up credit cards.

22. 1) Save $1,000 in an emergency fund
2) Debt snowball (list debts small to large, put
everything in to paying off smallest)
3) 3-6 month essentials emergency fund
4) Maximize retirement savings
5) College funds for your kids
6) Pay off mortgage

24. Run your
credit report
annually and
check it for
errors.

30. Thank you!
Dr. Kristin Palmer
http://www.CentralOregonLifeCoach.com