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LEARN THE BASICS

8 rules for more constructive conversations

The root word of communication is communion, which means to share intimate thoughts. It doesn’t always mean coming to an agreement. It means there’s a flow, a willingness to open up, to listen and be heard, to understand and be understood.

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1. Keep the gloves on.

Mutual respect is rule #1. If you don’t respect the person you’re talking to then you may want to avoid having a conversation at this time. All parties should enter the conversation with positive intent — to understand and be understood.

2. Think it through.

The most important conversation is the one you have with yourself. Take a moment to collect your thoughts and the points you want to make. Then, stay on track and in the moment. Avoid bringing up unrelated topics. Know what your anchor is and refer to it regularly.

3. Stick to the facts.

State what you know to be true. This doesn’t mean you have to be a historian, medical expert or political scientist. Your lived experiences are true for you. The same goes for the person you’re speaking with.

4. Aim for dialogue. Not monologue.

Ensure that other people have a chance to be heard. Avoid raising your voice and interrupting or talking over people, even if they’re using these tactics.

5. Listen. Listen. Listen.

Instead of solely trying to prove your point, listen with the intent of understanding what the other person is trying to say. What can you learn from this conversation? What light can they shed? Is there something you hadn’t previously thought of or considered? Listening makes people feel seen, heard and valued. This can greatly increase the odds that they’ll do the same for you.

6. Stay calm.

Emotionally charged conversations can be extremely stressful. This can make us only want to engage with people who already agree with us. If we do engage, we can sometimes be defensive, say things we later regret, or stop listening altogether and simply wait until we get a chance to speak. When we keep our emotions in check, we open up consideration for other points of view and expanded thinking. If you need to step away from the conversation to collect yourself, that’s okay, too. Remember, the loudest voices aren’t necessarily right.

7. Use appropriate language.

Tuck away the insults, stereotypes and triggering comments. (Review the previous step if necessary.)

8. Show genuine interest.

Use the tips below to help your conversation partner feel seen, valued and inspired to return the favor.

  • Put away distractions. Turn off the phone. Pull out your earbuds. Make eye contact.
  • Repeat words or short phrases back. This lets the person you’re talking to know you heard what they said. For example, “You said you think what happened is unfair. Okay, can you help me understand why?”
  • Respect personal experiences and emotions. Refrain from making dismissive comments like, “It’s not a big deal” or “You’re overreacting.” Instead, say, “I hadn’t thought of it like that. I understand now” or “I was wrong. Thank you for correcting me.”
  • Ask questions. Go beyond the obvious and dig a little deeper. Ask questions like, “Why do you feel this is the best option?” “What was considered when arriving at your point of view?” “Can you tell me more about how you feel?” or “Can you explain why you think that?” In response, try saying things like, “I feel _ because of _.”

After a hard conversation, take time to think about what you discussed. Journal your thoughts. Write down what you learned, what you wished you had said or what you could have said differently. Ask yourself what you learned about yourself and others.

This kind of mindful review can help you recognize your blind spots. Over time, you’ll become more comfortable approaching challenging conversations.

Remember, none of us is perfect. We may sometimes miss the mark in our attempt to gain understanding, forget to mention something or, upon later reflection, have a change of heart. It‘s okay to revisit conversations and even concede ground if need be. In the end, we may have to agree to disagree to avoid jeopardizing relationships with people in our lives.

Source: AbleTo. How to have difficult conversations.

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LEARN THE BASICS

Podcast: Managing mom guilt

No matter how hard you try to be a great mom, sometimes you feel like your best just isn’t good enough. What you’re experiencing is “mom guilt.” And you’re not the only woman who feels this way.

On this episode of Behaviorally Speaking, Angela Nelson, MS, BCBA, and Kristin Bandi, MA, BCBA, discuss this very common and unpleasant experience. They highlight what mom guilt is, where it comes from and how to manage it. Whether managing unrealistic expectations, asking for help or setting ourselves up for success, there are several ways to work through this uncomfortable feeling. And you can explore them in this informative podcast.

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Podcast — Managing mom guilt

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Saving for your kids’ college education

A NerdWallet survey found that 1 in 5 parents of children under age 18 haven’t started saving for their children’s college education but want to. If you’re a parent who knows you need to start building your child’s college education fund but haven’t gotten started yet, here’s how to begin.

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Consider opening a tax-advantaged account

529 account

When choosing an account for college savings, look into tax-advantaged options. One such option is a 529 account, which is specifically designed to save for education expenses. A 529 account allows your savings to grow tax-free, and some states even offer a tax deduction on your contributions.

The downside of a 529 account is that if you withdraw funds for anything other than qualified education expenses, you’ll be penalized. There’s also the risk that you won’t need the funds for education at all – though you can change a 529 beneficiary to another family member or even yourself for qualified education expenses if your child decides not to go to college. There are also limited investment options with a 529.

Roth IRA

Another savings option is a Roth IRA, which is traditionally used as a retirement account, with earnings that grow tax-free. Contributions to a Roth IRA are limited to $6,500 a year — $7,500 if age 50 or older — for the 2023 tax year.1 There are also income restrictions and contributions which can’t exceed earned income. So, unless your child earns money, you’ll have to use your own Roth IRA to save for your kids’ college education.

Contributions to a Roth IRA can be withdrawn at any time, but earnings are usually subject to a penalty if you withdraw them before you turn 59 ½ years of age. If you made the first contribution to your Roth IRA at least five years before, you could also withdraw the growth for qualified education expenses. The benefit of using a Roth IRA over a 529 account is flexibility. If your child doesn’t go to college, you can leave the savings in the Roth IRA for your retirement. Also, you have more investment options.

Start saving consistently, no matter how much

The average tuition cost at a public four-year in-state university is $9,377 in 2022-23, according to the Education Data Initiative. (The average tuition at a four-year private, non-profit college is $54,501.) If your child is young, this will likely be much higher when they’re ready for college. Costs will be higher still if they don’t live at home and need to pay for room and board.

While teens are thinking about getting into their “dream school”, they may not be thinking about what the student loan debt will do to their lives in 20 or 30 years. According to Dave Ramsey of Ramsey Solutions, student loan debt has become part of culture and is accepted as a normal part of life. The financial loan crisis, which is also referred to as a “Borrowed Future”, is drawing national attention and negatively affecting people and our economy.

While earning a college education isn’t everyone’s dream, it can be overwhelming to think about how much your child will need to pay for college, but the best thing you can give your money is time to grow. That means putting some money away on a regular basis, even if it feels like a drop in the bucket, and starting as soon as possible.

Let’s say you deposit an initial $200, then save $50 per month from birth through age 18. By the end of that time, you’ve contributed $11,000, but when you include modest investment returns of 5%, you’ll have $18,025 saved. That may not be enough to cover four years of college, but it can make an impact. And that’s assuming your savings rate doesn’t increase.

You can use an investment return calculator to see how college savings can grow over time.

Make a plan for extra money in your budget

Over time, you’ll probably find extra money in your budget that could boost college savings, like a tax refund or merit raise. Child care costs will also likely diminish or go away as your child ages, lowering your fixed expenses. Plan early to use some of these funds to save more for college.

Perhaps you want to put one-quarter of any windfall into college savings, or you decide to reallocate funds that previously went toward child care into their 529 account. The details don’t matter, but you’ll want to make these plans before the money is in hand. Otherwise, extra funds have a way of allocating themselves.

Don’t compromise your retirement for college savings

The NerdWallet survey also found that nearly 3 in 10 parents of children under 18 who have personal student loan debt (29%) prioritize saving for their kids’ education over saving for retirement. While it makes sense that parents want to keep student loan debt from burdening their children, retirement savings need to come first. Student loans are an option if your child needs them, but you can’t take out loans to cover your expenses in retirement.

Look into ways to cut costs before applications start

You don’t need to wait until your child’s junior year of high school to start thinking about how to keep college costs reasonable. Talk to your child early about how much you can afford to contribute to their education and the steps they can take to limit student loan debt. This could mean starting out at a two-year college, choosing an in-state school and applying for scholarships.

1The Motley Fool. Roth IRA contribution limits in 2023 are better than ever.

Sources: NerdWallet. How to start saving for your kids’ college.
Ramseysolutions.com. What No One Told You About Student Loans, Podcast series.

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Get SMART about your goals

Who hasn’t made a New Year’s resolution only to see it fizzle out by February? Don’t blame your lack of willpower. (Trust us, it’s not that!) If you want to achieve an important goal, make small, specific changes that can lead to a big change. You can do it if you set SMART goals.

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What are SMART goals?

The S.M.A.R.T process was developed to help managers set achievable management goals and objectives. Today the SMART process is everywhere, offering useful guidelines for anybody who wants to make a big change in their lives.

letter S

Specific

Include details. Setting a goal to lose 15 pounds works better than “lose weight.”

letter M

Measurable

Track your progress as you work toward your goal. Try using a journal or an app 3 or more times per week.

letter A

Achievable

Make sure your goals are realistic. Retiring at age 30 is not very realistic. Saving an extra $100 a month might be achievable.

letter R

Results-oriented

Focus on what you’re trying to accomplish. But if you encounter obstacles, such as family obligations, adjust as necessary.

letter T

Time-bound

Set a realistic amount of time to achieve your goal. Celebrate as you check off smaller goals along the way, such as making a substantial credit card payment.

Put SMART to work in your life

Now that you know what SMART goals are, here are some examples of how you can use them to achieve your well-being goals.

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Strengthen family bonds

Goal: I will work on nurturing and strengthening my family ties.  

SMART breakdown

  • Specific: I will plan two family activities every week. 
  • Measurable: I’ll keep track of my ideas in a notebook, then write them on our family calendar. 
  • Achievable: Our family has consistently done Taco Tuesdays and trips to the movies every month; therefore, scheduling family activities is doable. 
  • Results-oriented: These activities will play a big part in fostering and deepening the bonds among all family members. 
  • Time-bound: My goal is to put a deposit on a family vacation in six months for a trip we will take next summer.
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Live within a budget

Goal: I will create a budget of $3,450 every month. 

SMART breakdown

  • Specific: I will create a budget of $3,450 every month and spend $300 less.  
  • Measurable: I’ll keep a record of every expense and ensure that I spend less than my budget of $3,450.
  • Achievable: My average monthly spending is $3,250; therefore, I can try my best to stay within the budget if I don’t use my credit cards.  
  • Results-oriented: Keeping my expenses within a budget of $3,450 will prevent me from splurging on items spurred by impulse buying. It will also help me save more and make me more responsible.
  • Time-bound: The goal is to develop a consistent habit of living within a budget of $3,450 every month throughout this year.
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Get regular exercise

Goal: I will consistently work out a minimum of 20 minutes per day, three days a week by summer.  

SMART breakdown

  • Specific: I will do low-impact exercises for 20 minutes per day, three days a week.
  • Measurable: I will measure my progress using a fitness tracker and calendar, making sure I complete my 20-minute workouts. 
  • Achievable: Scheduling workouts for Monday, Wednesday and Friday is manageable for me in the long term. Also, keeping it at 20 minutes will help build up the intensity and allow me enough time to benefit from the cardio, while being short enough to not impact my other routine tasks. 
  • Results-oriented: Working out for 20 minutes three days a week will give me the amazing benefit of moving from low-impact to high-intensity workouts while being manageable enough to sustain for the long term.
  • Time-bound: I will consistently work out a minimum of 20 minutes per day, three days a week by July 15. 

Sources: LifeHack. How to write SMART goals (with SMART goals templates).
LifeHack. 20 personal SMART goals to improve your life.

If you’d like to learn more about Costco benefits and resources that can help you achieve your SMART goals, the following resources can help.

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ENHANCED BENEFITS

What’s new in 2023?

Costco takes your emotional, financial and physical well-being very seriously. And that commitment is reflected in your Costco benefits, which continue to evolve to be more accessible and more relevant. This coming year, your Costco benefits will feature some exciting enhancements affecting fertility challenges, adoption expenses, and parenting guidance and support.

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Check out these enhanced benefits

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Find help for fertility challenges

Starting January 1, 2023, Costco medical plans will offer coverage for fertility treatments. This benefit will be available to both employees and their covered spouses. You’ll have access to your own fertility advocate, who can guide and support you every step of your treatment journey.

As an Aetna® medical plan member, you’ll also have access to the Aetna Maternity Program.* This benefit offers a wide array of resources, whether you’re planning for a family, already pregnant or working through infertility.

For coverage details, visit Costcobenefits.com.

Make adopting a child more affordable

Starting January 1, 2023, Costco will reimburse you for eligible adoption expenses you pay or incur in 2023, up to $5,000 per child you adopt. The plan covers up to two adoptions, for a maximum reimbursement of $10,000. Eligible expenses include adoption fees, court costs, attorney fees and other adoption costs.

To participate, you (or your spouse, if they’re a Costco employee) must have at least one year of continuous Costco employment and be eligible to enroll in a health plan under the Costco Employee Benefits Program. The child you’re adopting must be under 18 years of age.

To learn more, including plan details, how to submit a reimbursement request and what supporting documents are required, visit Costcobenefits.com after November 2022.

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Get additional parenting support

The last few years have been challenging for school-age children, not to mention the parents who support them. According to the Centers for Disease Control and Prevention (CDC), “Beyond getting sick, many young people’s social, emotional and mental well-being has been impacted by the pandemic. Trauma faced at this developmental stage can continue to affect them across their lifespan.”1

RethinkCare offers parents tools and resources they can use to help their child or teen manage challenges at home and school. Take advantage of virtual consultations with a behavior expert, as well as an online library with thousands of step-by-step videos and research-based resources on common social, learning and behavioral topics.

New this year, the program has been expanded to support all families with children or teens, not just those with behavioral or learning issues. The program includes a comprehensive library of over 2,400 step-by-step how-to videos that build socialization, language and other skills; a Social and Emotional Learning (SEL) curriculum; downloadable at-home learning materials; and a catalog of goal-based training on parental and family well-being. With the pandemic-related challenges all families are facing right now, RethinkCare is truly a lifeline for parents.

To get started, visit Costcobenefits.com or call 800-714-9285.

*Not available in Hawaii or Puerto Rico.

1CDC. COVID-19 Parental Resources Kit.

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How addiction affects the brain

It seems as if drug misuse is in the news every day. Whether you’re a parent, a caregiver or someone who’s simply concerned about a loved one and their safety, it’s important to start communicating early and often about substance misuse.

The following 4-minute video takes a scientific view of the subject. It looks at the impact drugs have on the brain, including changes in brain chemistry that strengthen the grip of addiction. Take a moment to watch it with the kids in your life and discover together why avoiding drugs in the first place is the smart, healthy choice.

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Sources: Prevention Action Alliance. Addiction & the brain — For kids! Addiction Policy Forum

For more information on substance misuse prevention and treatment, check out the helpful resources below.

 

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6 financial tips for the sandwich generation

It seems like only yesterday that your kids were toddlers. Now they’re heading to college — just as your aging parents need your help. Congratulations, you’ve joined the sandwich generation. Whether this is your current situation — or one you may face in the future — taking care of multiple generations of your family can be tough on your stress level and your wallet.

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Here are six tips to help you support your loved ones while safeguarding your own financial well-being.

1. Get your finances on track.

Whether you’re currently caring for your kids and aging parents, or you’re on your own, now’s the time to get rid of your debt. Need help? Sign up for SmartDollar® and follow the 7 Baby Steps to restore your financial health.

2. Talk about finances early and often.

If you’re caring for your parents, don’t be afraid to ask them tough questions. Are they in debt? Do they have life insurance or long-term care insurance? Do they understand their investments? Do they have a will?  Can they share its location with you? As for your grown children, ask them about their goals. Talk to them about lifestyle changes they need to make to get where they want to be.

3. Start planning for the right kind of elder care

If your parents need in-home care, an assisted living facility or a nursing home, you’ll need to discuss the financial impact with them. Decide what type of care fits their budget (or yours, if you’re the one supporting them). Visit Resources For Living® for adult and elder care referrals and to find out more about the 30-minute free legal consultations available to you.

4. Save and invest for your own retirement.

If you aren’t already doing it, start saving for retirement. By making your retirement savings a priority, you can save your kids from the same stress you might be going through now with your own parents. The sooner you take advantage of your Costco Retirement Plan, the more you’ll save.

5. Save for your children’s college.

It’s never too early to start exploring the best ways to save for your kid’s college education. If they’re still in high school, make sure their dream college is one you can afford. Help them look into scholarships, and encourage them to get a part-time job. This way, they can start saving before entering college. If you have kids who are already in college, talk to them about getting a part-time job during the school year and a full-time job for the summer to help them avoid accruing debt. Finally, talk with them about learning to live on a budget.

6. Set clear boundaries.

Balancing money and relationships can be complicated. The best thing to do is set healthy boundaries and talk about expectations. It’s hard to say no to parents or children when you’re trying to work on your finances. But don’t let anyone make you feel guilty for trying to take care of your own household first.

Source: RamseySolutions.com

The following resources are available to help you stay financially fit — whether you’re single or caring for aging parents or children. These resources are confidential and available to you at no extra cost.

 

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Tweens, teens and suicide

The rise in suicide among tweens and teenagers is a disturbing trend. It’s become the second leading cause of death in people ages 10 to 241, ahead of cancer and heart disease. Get the facts and know what you can do to help protect the young people in your life.

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The tween and teen years are a vulnerable time. Everyday stresses — school difficulties, family conflicts, breakups, bullying — make it difficult to cope. They may have trouble seeing the temporary nature of these problems, and suicide can seem like a solution. Understand how to tell if your tween or teen might be suicidal, and know the resources available to help.

How to help

Talk and listen. Feeling connected to family and school is one of the most important things for a younger person’s mental health. An important first step in helping them is to talk and listen. Ask how they are feeling and offer support. Start by saying, “Sometimes people who are struggling may think about suicide. Is this happening with you?” Make sure they know you care.

Engage others for help. If there is a teacher, coach, or staff member at school your child is close to, you may want to have a conversation with them and include your child if possible. You can also contact your family doctor for help and referrals to the right mental health professional(s) near you.

Keep them safe. Be sure to safely store or lock up firearms, alcohol, and medications. Easy access can turn risk into action if a teen is feeling overwhelmed.

Give them a hug. It seems like such a simple thing, but taking the time to hug your child and tell them you’re there for them can help them feel a sense of security.

Did you know? More than 1.8 million LGBTQ young people seriously consider suicide every year in the U.S. To learn more and know how to support an LGBTQ teen, call The Trevor Project’s Lifeline at 866-488-7386.

1The Jason Foundation. Youth suicide statistics. Accessed July 13, 2021.

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How to overcome or avoid student loan debt

Do you have student loan debt, or are you considering a student loan for yourself or a loved one? If so, getting the facts and using resources available through your Costco benefits can help you make the right decision about something that can affect you for years to come. The average college student graduates with $35,000 in student loan debt, with an average monthly payment of $393, according to EducationData.org.

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What to consider before you take on a student loan:

Good debt? Not so fast — the conventional wisdom that student loan debt is “good debt” is being challenged. Don’t let the allure of a dream school disrupt your financial well-being. Select a school you can afford. If you are unsure about the best path for you, consider starting with a community college or an associate’s degree. Taking this route first can save money while you figure out what’s next.

Do the math — people often don’t anticipate how quickly debt adds up over the years. Then the regret sets in. About one in four of those with a bachelor’s degree have misgivings about taking on student loans. That number jumps to almost one-third of those who’ve earned a master’s degree. Advanced degrees can help students achieve long-term success, but it’s a good idea to explore in-state options over out-of-state if you decide to take this route.

Look down the road — be sure to do the research on earning potential for the career you are interested in pursuing. Set yourself up for success by not burdening yourself with student loan debt that a future salary can’t support.

Already have student loans? There is a student loan resources page on Costcobenefits.com to help you tackle student debt.

 

Source: Average Student Loan Payment, EducationData.org, 2021.

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Setting healthy boundaries

Creating healthy boundaries is another way to protect and strengthen our psychological health and, in turn, our physical health. We usually think of self-care as meditating, exercising or relaxing. However, while all these activities can contribute to self-care, they can only do so much if you do not practice creating healthy boundaries, as well. Healthy boundaries are what keep us from getting burnt out or overwhelmed. And they tell others what we find acceptable and unacceptable in their behavior toward us.

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There are several steps to setting up a healthy boundary, but one of the more difficult is identifying and knowing your limits. We often don’t know what our limits are until they’re violated — for example, you may not realize that lending your expertise to a friend is pushing your limits until they are asking for advice every single day.

The second piece you need to consider is how these types of boundaries apply with different people. It’s likely that your boundaries are not the same with a significant other as they are with an acquaintance. Within each of the above categories of people, you can have varying boundaries (for example, coworker vs. a boss), but starting with these categories will help you analyze how your boundaries change depending on who you interact with.

A great way to think about these boundaries is to examine times that you felt uncomfortable, angry, resentful or anxious with the people you interact with. That discomfort is telling you that some boundary was violated. Listen to it!