Have you ever had those moments where you have no idea what you’re doing? Those times where you have questions and no one seems to have the answers? Have you ever felt that way about your finances?
Well – I
think we’ve all been there and have probably said yes to at least one of those
questions, especially when it comes to money and finances. Maybe you even feel
over your head in debt, as if you’re falling WAY behind in your
finances. The cool thing is: you really aren’t alone in this. There
are many different tools you can use which will help you get on your feet and
answer your questions. For example, you can always go online. One website
called Money Management provides a lot of information on budgeting, saving, and it also provides
calculators. Calculators are a GREAT tool to understanding your financial
situation. Most banks and credit unions also have calculators. For example,
Michigan First Credit Union offers calculators that you can access here.
If you’d rather talk to a live person though, most banks and credit unions have financial advisers who can help answer your questions and help you manage your money. Through financial tools, these financial advisers can help you:
- Learn how to establish a budget
- Get assistance tracking your spending
- Identify and improve areas of overspending and undersaving
- Determine how a major purchase or change in income would impact your budget
- Includes helpful videos to guide you through the various financial situations we all experience in life
For example, here at Michigan First Credit Union, we are partnered with a financial education and counseling program called Accel. This provides all Michigan First members with free, unlimited access to financial counseling. Some banks and credit unions even offer software to help you manage your money. Michigan First has Budgetsmart, a free software tool to help manage finances. While Michigan First has FREE counseling, some other financial institutions do include fees for using their budget tools or their counseling.
So next time you’re starting to feel like you’re all alone with your financial questions, as if there’s no one there to help you, pick yourself up and go use the help that’s available. Whether it’s an online resource like Money Management or through financial counseling.
Until next time,