Making blind financial decisions costs you in the long run.
On my desk I have a diagram of ‘Information,’ which is represented by a large circle. In the middle of that circle is a dot with the tagline – ‘More Than You Could Ever Dream of Knowing!’ No one knows it all, and this is especially true when it comes to finances. We have jobs to do, families to raise, and lives to live; we’re busy! So busy… we sometimes lose focus.
When it comes to our money, we have to be focused. That’s not to say we have to dawdle over every financial decision, frozen by information persuasion. But, we do need to know how to use financial resources to reach our goals. In today’s fast moving world we have to be lifelong learners. Aside from seeking good advice, we have to do our research. Thanks to the internet, it’s extremely easy to locate relevant information.
To stay on top of your financial game, do your homework. Whatever you’re looking to do, Google it. Whether it’s buying a house, a car, or planning for retirement, you will find loads of helpful information to aid you in your decision. Also, read financial blogs. There are hundreds of knowledgeable experts offering insight into the world of money. To get you started, here is a list of the Top Personal Finance Blogs compiled by Wisebread.com. Take a look around, and find a few blogs to follow.
Until next time, I’m Thom Fox for Cambridge Credit Counseling.