Top 10 financial resources to get your finances in order
Getting your finances in order can be tough to manage without the help of a professional. Unfortunately, hiring a professional financial advisor can take money that you don’t have.
Instead, these financial resources are a great way to build wealth, get yourself out of debt, learn how to budget and save money or pay down your student loans.
1. Financial blogs
Blogs offer a wealth of information when you’re trying to manage your money. Get Rich Slowly is a blog with information on personal finance given by J.D. Roth.
Making Sense of Cents has practical advice from a woman who managed to pay off her student loans of almost $40,000 in 7 months.
2. Online financial self-help videos
Self-help videos are one of the most useful financial resources of this list. are like having a personal financial advisor telling you how to set financial goals and decrease expenses.
It is like having a personal financial advisor telling you how to set financial goals and decrease expenses.
Steve Down has great videos on the power of working smarter and how to improve net income by 40 percent.
3. Financial self-help books
Suze Orman has a book out called The Money Book for the Young, Fabulous & Broke where she explains a FICO score, why it’s important, student loan debt and credit card information in a way that people in their 20s will understand.
4. Budgeting tools
Whether you need to get out of debt or just find yourself heading down the wrong road financially, you’ll want to use a budgeting resource like BudgetSimple.
It tracks expenses like bills and helps you live within a budget based on your earnings. It allows you to create charts and graphs to visualise your progress.
If you are a lover of apps, among all the financial resources mentioned, this is the one for you!
5. Creating financial goals
When cutting your expenses, it helps to know exactly where your money is going. You can break down your projected earnings as well as figure out your savings interest for the future
6. Financial resources for cutting expenses
A great way to cut down on your spending is to track your behaviours and current spending to find out where your money is going. Moneytrackin’ works to track expenses as well as the budgets you share with others.
7. Insurance coverage
If you were ever to lose your job, your health insurance wouldn’t travel with you from one location to another unless you have COBRA coverage. It’s essential for covering you between employment.
It’s called the Consolidated Omnibus Budget Reconciliation Act and will cover you for 18 months after you leave one job before you take another.
8. Financial resources: magazines
There are some excellent choices in the world of financial magazines. Kiplinger’s Personal Finance is a good one for investors.
Money Magazine has tonnes of information about savings and retirement. When you have these delivered to your home, they give you another avenue for financial information.
9. Podcast as financial resources
On the way to and from a job you don’t love, you can listen to podcasts from BiggerPockets, which focuses on real estate investing and building wealth or Motley Fool Money radio show, which airs weekly.
10. Financial television shows
Mad Money with Jim Cramer airs on CNBC where he helps people save for retirement or for their kids’ college fund.
Shark Tank isn’t a financial show that gives specific advice, but it’s about investors and inventors who need funding. It provides entrepreneurs with inspiration.
Whether it’s advice from Mr. Steve Down or apps that will help you track your expenses, if you’re trying to get out of debt or build wealth, these resources will give you an excellent place to find inspiration.
Are you following any of these financial sources? Do you know any other helpful resources? Leave your thoughts in the comments below! We love comments.