2 Factors That Affect Your Financial Future

Money has been the subject of a plethora of songs with negative connotations. “Money” by Pink Floyd, “Money for Nothing” by Dire Straits, “The Taxman” by the Beatles, just to name a few. And there’s a good reason for this. It’s because money management can be difficult to master and navigate. From budgeting to investing, it takes self-control and financial aptitude to ensure your financial security. Without this, money could cause major disruptions in your life as well as stress on a daily basis. 

Financial Sucess

With so many advertisements constantly bombarding our lives, it can become harder to control our spending. Our social media feeds are constantly flooded with obnoxiously wealthy celebrities flaunting their opulent homes while shamelessly promoting sponsored products that create the illusion of youth. Open your news feeds and you’ll be tempted to click on “The Top 10 Must Have Household Items To Buy On Amazon.” Check your emails and we bet they are inundated with discount offers galore. If not monitored, this endless barrage of advertisements can lead to overspending and possibly neglecting your financial future. 

But managing your finances is more than just self-restraint. It’s also about having financial literacy to make good money decisions for you and your family. It can take decades to become an expert on navigating finances. It’s simply not easy. An inability to understand financial matters can result in inappropriate saving, impulsive spending, excessive credit card use, and poor investments. According to the National Financial Educators Council, financial illiteracy cost Americans $1,634 in 2020. That’s no small change. If that money were saved, invested, or used to pay off debt, it would have a profound impact on individuals’ lives.   

Navigating the stormy money seas takes a seasoned financial captain. BrightDime offers expert coaching along with educational content on an array of financial topics for individuals and organizations. Check out some of the most commonly asked questions about finances answered by our BrightDime coaches. Some questions include, “What Happens When I Refinance?”, “How Can I Overcome My Money Troubles Right Now?”, and “How Does a Health Savings Account (HSA) Save Me Money?”. BrightDime guides you towards financial security and helps you develop the right attitude towards money.

Contact us to learn more: BrightDime.com

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