Tap your friends and family for sound financial advice
Share current LOB: personal-banking
Kimberly Palmer, personal finance blogger and author, gives us her take on why talking to certain friends or family members about your money issues can be beneficial.
Sometimes the best money advice comes from the people closest to you. Kimberly Palmer, personal finance blogger and author, explains how you can identify good financial mentors in your life, and tap those people for their money-related wisdom.
This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.
Whether you’re pulling your hair out because you can’t seem to save enough money for your emergency fund or you’re having a hard time dealing with your significant other’s spending habits, various types of money anxiety can be triggered by what one expert labels as “thinking traps.”
Does it feel like even when more money is coming in, a big chunk of it is going out? Upping your spending along with your salary is tempting, but keeping lifestyle creep in check is the key to staying on track with your savings goals. Learn what you can do.