Steve Kostyk Financial Advising

11/13/2023

🏈 NFL Football and the Financial Game: Navigating the Numbers of Gambling 📈🎲

As the NFL football season is already halfway through, let's delve into the numbers that underscore the connection between the game and sports betting.

Did you know that in 2021, the American Gaming Association estimated that over $20 billion would be legally wagered on NFL games? It's clear that sports betting has become a significant part of the game-day experience for many.

However, the statistics also reveal a crucial reality: approximately 2-3% of adults will experience gambling-related issues. That's where responsible gambling comes into play. Set a budget, adhere to it, and always consider the financial implications. 💡

A survey by the National Council on Problem Gambling found that up to 9 million Americans exhibit signs of problematic gambling behavior. It's essential to understand the impact on personal finances and long-term financial goals.

If you find yourself in a situation where gambling is affecting your financial stability, don't hesitate to seek assistance. Responsible gambling is key to maintaining your financial security. As a financial planner, I'm here to offer guidance and ensure your financial plan remains robust. 🤝

Enjoy the NFL football season responsibly. Financial security is the ultimate touchdown! 🏆🏈

04/26/2022

Debt is a drag on your finances. Identify your worst debt (hint: it’s probably your credit cards) and limit its use while you pay it down.

04/21/2022

It may be time to have the ‘money talk’ with your parents. Break the ice by opening up about your own financial experiences. They may welcome the conversation.

04/16/2022

Procrastination makes everything harder. For example, waiting to start a savings plan can mean thousands of dollars less when you’re ready to retire. Don’t wait to call me!

04/10/2022

The past few years taught many of us that we can spend less and still have what we need. I can help you reevaluate your monthly expenses.

04/04/2022

I tell all my clients: an emergency fund is critical! It’s a core component of any financial plan and can keep you in the game, especially when adversity strikes. Let’s talk about your preparedness.

02/08/2022

With the shift to a more hybrid working lifestyle, employee benefits are beginning to adapt to the new norm. When looking for a new job, more employees are looking for offers like employer-subsidized internet and better dependent care benefits, as opposed to pre-COVID benefits providing discounted gym memberships.

Learn which employee benefits can help you do your best work in a hybrid office.

02/01/2022

Preparing for the future can seem daunting. Here are three steps that can get you started on a path to financial security.

Here are three ways to move forward on your path to a secure financial future.

01/25/2022

What does investing have in common with one of Aesop’s Fables? Hint: think turtles, not hares.

A consistent, diversified investment strategy can help you reach your goals. Get information from MassMutual.

01/18/2022

Retirement today looks different than it did for our parents. Odds are, your retirement plan will look different, too.

Retirement income strategies to help maximize your income in today’s retirement realities.

01/11/2022

Need another reason to lace up those sneakers? A recent study provides new guidance on how often and how far you should run to improve your health. (It’s better than you think!)

A longer life span is one potential health benefit of running, but consistent exercise may also contribute to emotional wellness and quality of life.

01/04/2022

Trying to get your finances back on track in the new year? Here are three financial steps you can today, this week, and this month.

There are steps you can take today, this week, and this month to help get grounded again.