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Refresh Your Finances



January 1 marks the beginning of a new year, but for many, it also symbolizes changes we commit to making in our lives. A new year is the perfect time to implement a positive change, and it’s the perfect time to evaluate your finances.

Obtaining the peace of mind financial stability brings begins with knowing exactly where you stand. Your financial resources affect not only your ability to achieve your goals, but also your ability to protect these goals from potential crises. The steps are simple – just maintain the resolve.

Step 1: Determine the value of you.

You can’t implement any financial plan until you know your net worth. Your net worth is simply the total of your assets (what you own) minus your liabilities (what you owe). Assets include personal possessions, vehicles, homes, checking and savings accounts and the cash value of any life insurance policies you may have. Include the current value of your investments, such as stocks, real estate, certificates of deposit, retirement accounts and IRAs, and the current value of any pensions.
Liabilities include the remaining mortgage on your home, credit card or student loan debt, taxes due on investments or any other outstanding bills. Subtract your liabilities from your assets. The goal is to create positive net worth, which is part of what you will draw on to achieve your financial goals.

Step 2: Reassess your situation.

Your monthly family budget begins with your net pay, from which you then deduct all your fixed monthly costs like mortgage/rent, utilities, car and car insurance payments and estimated costs such as gasoline, groceries and clothing. From here you can build or reassess your budget. Net income often changes from year to year even if your gross wages remain the same. Benefits and other payroll deductions may fluctuate, so it’s important to review your budget accordingly.

Step 3: Lose the debt weight.

The most significant way to improve your financial health is to create a plan for paying off any debt sources… and stick to it. Include debt payments in your monthly budget. Paying off the least expensive bills first will quickly reduce the number of entities to which money is owed and give the feeling of progress, making it easier to stay on track.

Step 4: Make a stash.

Once debt has been paid off, families should save the equivalent of at least three months’ salary to plan for emergencies (health care-related costs, loss of a job, etc.). Keep the money in an interest-bearing savings account.

Step 5: Plan ahead.

If you need to build credit or re-establish credit, many financial institutions offer credit-builder loans that will help you establish good borrowing histories. Consider meeting with a financial advisor to create a roadmap of your financial future that leads you to your goal. Bonus: your advisor can help you implement a system to make tax filing easier as well.
Every Step of the Way: Go digital.

If you haven’t already, make sure you are signed up for mobile and online banking. Set up auto-pay to avoid late fees on bills, and download smartphone apps to keep real-time track of your finances.

Suzanne Symcox is executive vice president of First Fidelity Bank, N.A., a locally owned full-service community bank established in 1920.

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Calendar

April 2019

Men and women from across the American West played critical roles - both “over there” and on the home front - in helping the Allies win World War I. The National Cowboy & Western...

Cost: $12.50

Where:
National Cowboy & Western Heritage Museum
1700 Northeast 63rd Street
Oklahoma City, OK  73111
View map »


Telephone: 405.478.2250
Contact Name: Jenni
Website »

More information

Celebrate Easter with a trip to Andy Alligator’s Fun Park! On Saturday and Sunday, get $5 off an All-Day Pass with our Eggcellent Easter Special. All-Day Passes include Go-Karts,...

Cost: $23.95

Where:
Andy Alligator's Fun Park & Water Park
3300 Market Pl
Norman, OK  73072
View map »

More information

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Men and women from across the American West played critical roles - both “over there” and on the home front - in helping the Allies win World War I. The National Cowboy & Western...

Cost: $12.50

Where:
National Cowboy & Western Heritage Museum
1700 Northeast 63rd Street
Oklahoma City, OK  73111
View map »


Telephone: 405.478.2250
Contact Name: Jenni
Website »

More information

Show More...
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The Annual Mentorship Exhibition features pieces from Oklahoma City high school students that visit the Artspace studio each month. Throughout the duration of the program, the students engage with...

Cost: Free

Where:
Artspace at Untitled
1 NE 3rd st
Oklahoma City, OK  73104
View map »


Sponsor: Artspace at Untitled
Telephone: 405-815-9995
Website »

More information

Men and women from across the American West played critical roles - both “over there” and on the home front - in helping the Allies win World War I. The National Cowboy & Western...

Cost: $12.50

Where:
National Cowboy & Western Heritage Museum
1700 Northeast 63rd Street
Oklahoma City, OK  73111
View map »


Telephone: 405.478.2250
Contact Name: Jenni
Website »

More information

The OSU Symphony Orchestra will conclude the 2018-19 season with Schubert's monumental and majestic Symphony No. 9 in C ("The Great"). The concert opens with The European Anthem,...

Cost: General Admission: $10; Students & Seniors: $7

Where:
Oklahoma State University Department of Music
132 Seretean Ctr
Stillwater, OK  74078
View map »


Sponsor: Oklahoma State University Department of Music
Telephone: 405.744.6133
Contact Name: Dr. Thomas Dickey
Website »

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The Annual Mentorship Exhibition features pieces from Oklahoma City high school students that visit the Artspace studio each month. Throughout the duration of the program, the students engage with...

Cost: Free

Where:
Artspace at Untitled
1 NE 3rd st
Oklahoma City, OK  73104
View map »


Sponsor: Artspace at Untitled
Telephone: 405-815-9995
Website »

More information

Men and women from across the American West played critical roles - both “over there” and on the home front - in helping the Allies win World War I. The National Cowboy & Western...

Cost: $12.50

Where:
National Cowboy & Western Heritage Museum
1700 Northeast 63rd Street
Oklahoma City, OK  73111
View map »


Telephone: 405.478.2250
Contact Name: Jenni
Website »

More information

Potbelly Sandwich Shop is giving back to the local neighborhood with Feed Your Smile, a fundraiser supporting Concordia Life Care Community.  Show this flyer on your smartphone or...

Cost: Free

Where:
Potbelly Sandwich Shop
8500 N Rockwell Ave
OKC, OK  73132
View map »


Sponsor: Potbelly Sandwich Shop
Telephone: 405-792-5112
Contact Name: Katy Fabrie
Website »

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The Annual Mentorship Exhibition features pieces from Oklahoma City high school students that visit the Artspace studio each month. Throughout the duration of the program, the students engage with...

Cost: Free

Where:
Artspace at Untitled
1 NE 3rd st
Oklahoma City, OK  73104
View map »


Sponsor: Artspace at Untitled
Telephone: 405-815-9995
Website »

More information

RexFest will feature an interactive art exhibit called a luminarium created by Architects of Air. From April 25-28, visitors can walk through the inflatable sculpture, which disperses light and...

Cost: $8 for kids; $10 for adults; $30 for families of four

Where:
Together Square
400 W Sheridan Avenue
Oklahoma City, OK  73102
View map »


Sponsor: Delta Dental

More information

Men and women from across the American West played critical roles - both “over there” and on the home front - in helping the Allies win World War I. The National Cowboy & Western...

Cost: $12.50

Where:
National Cowboy & Western Heritage Museum
1700 Northeast 63rd Street
Oklahoma City, OK  73111
View map »


Telephone: 405.478.2250
Contact Name: Jenni
Website »

More information

Show More...
Show Less...

The Annual Mentorship Exhibition features pieces from Oklahoma City high school students that visit the Artspace studio each month. Throughout the duration of the program, the students engage with...

Cost: Free

Where:
Artspace at Untitled
1 NE 3rd st
Oklahoma City, OK  73104
View map »


Sponsor: Artspace at Untitled
Telephone: 405-815-9995
Website »

More information

RexFest will feature an interactive art exhibit called a luminarium created by Architects of Air. From April 25-28, visitors can walk through the inflatable sculpture, which disperses light and...

Cost: $8 for kids; $10 for adults; $30 for families of four

Where:
Together Square
400 W Sheridan Avenue
Oklahoma City, OK  73102
View map »


Sponsor: Delta Dental

More information

Men and women from across the American West played critical roles - both “over there” and on the home front - in helping the Allies win World War I. The National Cowboy & Western...

Cost: $12.50

Where:
National Cowboy & Western Heritage Museum
1700 Northeast 63rd Street
Oklahoma City, OK  73111
View map »


Telephone: 405.478.2250
Contact Name: Jenni
Website »

More information

"Deliberately silencing the internal chatter and not overthinking. Conscious, but not over-trying. With this approach, things just seem to happen—it’s where all the substance is...

Cost: Free

Where:
Individual Artists of Oklahoma
706 W. Sheridan Ave.
Oklahoma City, OK  73102
View map »


Sponsor: Individual Artists of Oklahoma
Telephone: 405.412.2541
Contact Name: David Smith

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Shop over 200 vendors at this indoor event with everything from vintage furniture, retro and mid-century decor to handmade goods, antiques, industrial finds and architectural salvage!

Cost: $5 at the door, 13 and under free

Where:
Heritage Place
2829 S. MacArthur
Oklahoma City, OK  73128
View map »


Sponsor: Junk Hippy
Contact Name: Kristen Grandi
Website »

More information

A Sporting Chance will host the 25th annual Track and Field Meet at Branson Junior High in Branson, Missouri. A Sporting Chance provides year-round sports and recreation programs designed for those...

Where:
Branson Junior High
263 Buccaneer Boulevard
Branson, MO  65616
View map »


Sponsor: A Sporting Chance
Telephone: 404-314-2188
Contact Name: Hannah Schachinger

More information

RexFest will feature an interactive art exhibit called a luminarium created by Architects of Air. From April 25-28, visitors can walk through the inflatable sculpture, which disperses light and...

Cost: $8 for kids; $10 for adults; $30 for families of four

Where:
Together Square
400 W Sheridan Avenue
Oklahoma City, OK  73102
View map »


Sponsor: Delta Dental

More information

This one-day festival is rooted in the printing of large-scale woodblocks carved by local Oklahoma artists. We bring in a 5-ton steamroller and print pre-carved blocks throughout the day on Tyvek...

Cost: Free

Where:
Artspace at Untitled
1 NE 3rd st
Oklahoma City, OK  73104
View map »


Sponsor: Artspace at Untitled
Telephone: 405-815-9995
Contact Name: Evan
Website »

More information

Men and women from across the American West played critical roles - both “over there” and on the home front - in helping the Allies win World War I. The National Cowboy & Western...

Cost: $12.50

Where:
National Cowboy & Western Heritage Museum
1700 Northeast 63rd Street
Oklahoma City, OK  73111
View map »


Telephone: 405.478.2250
Contact Name: Jenni
Website »

More information

The Annual Mentorship Exhibition features pieces from Oklahoma City high school students that visit the Artspace studio each month. Throughout the duration of the program, the students engage with...

Cost: Free

Where:
Artspace at Untitled
1 NE 3rd st
Oklahoma City, OK  73104
View map »


Sponsor: Artspace at Untitled
Telephone: 405-815-9995
Website »

More information

Andy Alligator's is celebrating teachers! On Saturday and Sunday, teachers with a valid ID will receive a FREE All-Day Pass and $5 off for each family member! An All-Day Pass includes...

Cost: Teachers receive a FREE All-Day Pass; family members get $5 off

Where:
Andy Alligator's Fun Park & Water Park
3300 Market Pl
Norman, OK  73072
View map »

More information

America’s largest interactive comedy murder mystery dinner show is now playing at the Skirvin Hilton Hotel. At The Dinner Detective, you’ll tackle a challenging crime while you...

Cost: $59.95

Where:
The Skirvin Hilton
1 Park Ave
Oklahoma City, OK  73102
View map »


Sponsor: The Dinner Detective
Telephone: 866.496.0535
Website »

More information

Get a sample of the nightlife of Spain at Tulsa Botanic Garden's "Viva La Vida." The Garden is bringing star chef Jamie Bissonnette (Toro restaurants in Boston, NYC, Bangkok and...

Cost: $250

Where:
Tulsa Botanic Garden
3900 Tulsa Botanic Dr
Tulsa, OK  74127
View map »


Sponsor: Tulsa Botanic Garden
Telephone: 918-289-0330
Contact Name: Lori Hutson
Website »

More information

2nd annual gathering of "The Big Lebowksi" fans at The Dude Abides OKC All Oklahoma City Urban Achievers, Abiders and Coen Brothers fans are invited to join us at Fassler Hall OKC and...

Cost: Free, contests have entry fee

Where:
Fassler Hall
421 NW 10th
Oklahoma City, OK  73103
View map »


Sponsor: Revolve Productions
Telephone: 405.810.6977
Contact Name: Tobi Coleman
Website »

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