4 Money Management Resources to Help You Avoid Financial Crisis

If you’ve found yourself struggling financially and would like to work on eliminating your debt and finding financial stability, we’ve got the resources that can help.  Having solid money management skills is essential in making smart decisions when it comes to your finances.  Unfortunately, these skills are not often taught in school and upon entering adulthood most of us are forced to teach ourselves the ropes when it comes to basic financial matters.  Inevitably, many individuals make financial missteps in their lifetime and must work at getting back on track to achieve their goals.  The below resources can help you build a solid foundation of knowledge in money management and lead you to practice healthy spending and saving habits.  If you feel you’re money situation spinning out of control or you are struggling to make ends meet, take advantage of these educational resources that will be useful for a lifetime.

Consumer Finance

  • CFPB offers tools and resources useful for planning the big financial decisions in your life.  Here you can start from the beginning, reading up on topic basics such as auto loans or credit cards.  Explore key terms for major financial matters like mortgages or download tools such as the Homeowner’s Guide To Success. For those facing a financial crisis, CFPB offers a number of beneficial tools to help you work towards a solution or find counseling.  By educating consumers with these resources, the CFPB supports individuals in tackling their money issues head on and improving their financial standing.  They even offer a 21-day Get a Handle on Debt Boot Camp that can guide you in building a better financial profile.  Curious how you stand financially?  Take a ten question quiz to find out your financial well being and see what measures you can take to improve it.  Let CFPB help you take control of your financial life and achieve your goals.

Money Management

  • This is an organization changing how individuals overcome their financial struggle.  Leading individuals and families to a safer more stable economic place, Money Management serves individuals through education, empowerment, and guidance.  Their straightforward website allows individuals to find assistance on specific issues such as cutting your home insurance costs, avoiding foreclosure and filing for bankruptcy or you may choose to browse budget guides.  Getting back on your feet is made easier when you read the Financial Tips and Advice blog with articles like, “What Debt Should You Pay Off First?” or “How Much Credit Card Debt Is Okay When Buying A Home?”.  Offering free debt and budget counseling, Money Management provides you with a light at the end of the tunnel with a number of financial solutions.

My Money

  • My Money enlightens us on the five building blocks of money and the skills needed for successful financial management.  These 5 principles are Save & Invest, Protect, Spend and Borrow.  Gaining knowledge on the foundations of money will help you make better day-to-day decisions to keep your finances in order and your goals on track.  There is always more learning one can do in this area and the information provided on this site can help you nail down the strategies that best work for you.  Visit the Tools tab to explore planning checklists, budgeting worksheets or other resources to help you make smart decisions for your wallet.  If you don’t find what you’re looking for you can search for what you need directly from their site.  For guidance on financial choices related to major life events, there are hints, tips, and helpful advice to aid in navigating these big decisions. 

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