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Name: Silver Lining Home Health Care*
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Name: Oppenheimer & Co. Inc.

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Ad Number: 00093316
Financial advice
from a
knowledgeable neighbor.

E. Matthew Steinberg
Managing Director – Investments
(888) 800-1152
matthew.steinberg@opco.com Serving Investors in
Philadelphia and South Jersey
for 27 Years.

Clients able to invest a
minimum of $500,000 are likely
to best utilize our services.

This material is not a recommendation as
defined in Regulation Best Interest adopted by
the Securities and Exchange Commission. It is
provided to you after you have received Form
CRS, Regulation Best Interest disclosure and
other materials. ©2021Oppenheimer & Co. Inc.

Transacts Business on All Principal Exchanges
and Member SIPC. 3414611.2
18 JANUARY 28, 2021
JEWISH EXPONENT
Healthy, Wealthy
Track Income,
Expenses for
Financial Health
SOPHIE PANZER | JE STAFF
ANGELIQUE BUCHANAN
has a weakness for Starbucks.

“My husband and I made an
agreement that I would only
get Starbucks twice a week. I’m
trying to get him to potentially
go to three or four,” the branch
manager of Citizens Bank in
Fairless Hills said during “Your
Income and Expenses,” a fi nan-
cial literacy webinar hosted by
JEVS Human Services.

She brought up her expen-
sive caff eine habit to make a
point: She didn’t realize how
much she was spending until
she forced herself to cut back.

“I’m saving about $20
a week. Th at’s a big deal. I
mean that’s $80 a month, $100
a month,” she said. “I’m just
putting that money into our
savings account every day I
don’t get a Starbucks.”
During “Your Income and
Expenses,” Buchanan covered
how to keep track of money
and expenses, including
diff erent types of income,
taxes and bills. Understanding
one’s income can be especially
tricky for freelancers, seasonal
workers and workers with side
hustles because money comes
in irregularly. Th e rise of
online commerce also means
that anyone, including salaried
workers, can make irregular
or unpredictable income by
selling items on platforms like
Facebook Marketplace.

Common fi nancial wisdom
holds that making a budget
is the best way to keep track
of spending and saving, but
Buchanan recommended
taking it a step further if you
struggle to stay on top of your
fi nances. An expense diary, or
written log of your spending
habits, can be helpful for
people looking to fi nd areas
where they can exercise more
fi nancial control.

Keeping track of payments
can help spenders avoid fees,
loss of services and damage to
credit as a result of paying bills
late. For those who pay their
bills by mail, recent delays at
the United States Postal Service
make it especially important to
be on top of payment schedules.

Buchanan recommended
fi ling taxes as early as possible
this year. While this is gener-
ally sound advice, it’s especially
important for those counting
on a tax return for 2020.

“I’ve been seeing and
hearing a lot, with everything
going on with the impact
payments and the stimulus
payments, and they are saying
that the IRS is a bit lagging,”
she said.

The ultimate goal in
tracking income and expenses,
she added, is making sure your
fi nances align with your goals
and values, whether it’s paying
off debt, saving for emergencies
or buying a new car.

“Your Income and Expenses”
was part of a series of fi nan-
cial wellness seminars created
by JEVS and Citizens Bank.

When JEVS sought a partner
to help host the programs, it
reached out to the bank, with
whom there’s a longstanding
corporate partnership, to see
if there were volunteer experts
who could help. Th e two groups
worked together to build the
curriculum. “Th e goal of the sessions was
to provide important fi nancial
literacy information to our job
seeking clients,” said Kristen
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