It can be argued that having more choices benefits us, but there is an equally compelling argument that too many choices are simply overwhelming, particularly when it comes to money. If you don’t have a plan and need help sorting through savings, investing or debt payment options, commit to talking to three professionals to get their advice. Three may sound overwhelming and one might be enough for you, but after hearing three different perspectives you can tell what are the most common themes and important actions. In addition you can choose which person seems to meet your needs best if you want to continue working with someone.
Talking to a professional can help you look at your finances from a big picture perspective. If you have some lifestyle goals for you and your family, other family obligations, debt, etc. a professional can help you put the pieces together and develop a plan that makes it simple, understandable and attainable. You can make an appointment at a bank, credit union or with your human resources department; talk to people who have experience and ask them to recommend a financial planner or financial counselor or call your local United Way to find out about organizations and classes in your area that provide introductory investment information. Take the first step to narrow your choices until they make sense and you can move ahead!
Money Saving Tip
Is it worthwhile spending more on expensive shampoo? According to hair care expert Paula Begoun, author of “Don’t Go Shopping for Hair-Care Products Without Me”, spending more on shampoo is a waste of money. She says the inexpensive products in your local drug store do the same job. Plus, Begoun says the shampoo that is supposed to prevent your color from fading works in the lab, but not so well in real life and is no better than regular shampoo.
What made you smile today?
What made you proud of your money choices today?