Over the years my families finances has experienced highs and lows. Neither my husband or I have a financial background or training. I recently came across an article: 40 Money Tips Straight from the Experts
The article shares advice from some of the top leading experts in the financial field for lay people like you and me. I was surprised to learn many of the tips the experts gave was advice I already follow. For example a former COO suggests if you’re not willing to do your own homework regarding investments in essence you probably should not invest.
How Often Should You Check Your Credit Report
According to one expert you should check your credit report twice a year to protect against errors. One error or mistake could cost you money.
How to Choose a Financial Institution
We should comparison shop when choosing a financial institution. Smaller banks and credit unions are often over looked but provide everything the big banks do but on a more personal level.
“An investment in knowledge pays the best interest”– Ben Franklin
Know the Risk when Investing
Always know the risk before making an investment. Knowing the risks is the first thing professionals look for and the last thing novices think about.
How Much Time Should You Devote to Your Family Budget
A Senior financial advisor suggests setting aside 1 hour twice a month to study, make changes and update your household budget. Citing it’s much easier to keep control of your spending if you stay on top of your budget.
Overall, I enjoyed the article a lot. It gave advice from financial experts from many different backgrounds, COO’s, CFO’s and Billionaires. Some of the advice wasn’t relevant to me (stock info). But most of it was very helpful and I’m sure my personal finances will be much better because I read the article and will follow and benefit from their advice.