Financial Planning Month:
5 Things You can do to Take
the Fear out of Your Finances
Written by Marcus by Goldman Sachs
(BPT) – There is no better time than now to face your financial fears and make actionable changes to get yourself on track when it comes to managing your money. While nearly half of Americans (47 percent) find the prospect of financial planning scary, it doesn't have to be.
If you find yourself constantly postponing a review of your finances and feel your current money situation is more out of order than ever, turns out you are not alone. In fact, according to a new survey by Marcus by Goldman Sachs(R), the overwhelming majority of Americans (82 percent) wish they felt more in control of their finances. By following a simple checklist and exploring options that fit your specific circumstances, you'll be well on your way to making the most out of
your money and achieving financial well-being before the end of the year.
1. Get out of credit card debt. First and foremost, be conscious of any revolving credit card debt you are currently carrying, and the fees, variable rates and payment terms that may be draining your bank account. A debt consolidation loan allows you to combine your debts into one consistent, easy-to-manage monthly statement. Debt Consolidation Loans are available with no-fees and fixed-rates through Marcus by Goldman Sachs(R).
2. Conduct an assessment of your service providers. Take a look at your monthly expenses and see if there are ways you can lower them by switching to different providers or calling your current provider