Home > Personal Finance > How to Stop Ignoring Your Finances

Comments 0 Comments

Whether you hope to buy a home or retire comfortably (or both!), financial goals can often seem too big and like they will take too long to reach. Dealing with your personal finances may feel like just another thing on your to-do list. That can cause stress, but ignoring the problem will not eliminate it, so it’s important to work toward reducing your financial stress as well as meeting your financial goals. It’s a good idea to determine what you want your financial future to look like and work to make your goals a reality. Below are some tips to maximize your chances for success and minimize your stress.

Be Realistic & Prioritize

No matter what your goals or your lifestyle, it is important to set aside time in your schedule to plan and manage your financial goals. This can be something you schedule once a month or even once a week. If it’s in your calendar, you will be less likely to forget it and more likely to prioritize it over whatever else comes up.

Setting small, actionable and realistic goals can help keep you from feeling overwhelmed. Be sure you can achieve the ideals you set for yourself within your current budget so you know exactly where you stand for your future. Meeting your goals can not only position you for future financial success, but can give you a feeling of accomplishment that can propel you to make strides in other areas of your life.

Track Progress

In our hectic lives, we may find it hard to fit in financial tracking — but this can make the difference between retiring early in your dream home and working two jobs just to pay off debt well into old age. Keeping track of how you are spending and saving your money as well as progress on those realistic goals you set helps keep you accountable. Plus, life happens, and unexpected expenses can arise that may lead you to re-evaluate and adjust your plans. Regularly checking on your progress, as well as if your goals still fit, can go a long way to help you meet them.

Ask for Help

Navigating the struggles of personal finance can be difficult on your own. Successful money management and financial planning may include fine print, confusing laws or policies and procedures you are unfamiliar with. Reaching out to a professional and using online tools can help you create and manage your budget, set savings goals like having enough money for retirement, and even help handle major purchases. In addition, monitoring your credit standing (which you can do using free tools on Credit.com) can help you see whether you need to improve your credit habits. Having better credit gets you access to lower interest rates, which means you spend less on your loans over time. Every little bit you save can help.

While everyone’s situation is different, setting goals and fitting them into your life can apply to everyone. It’s important to remember that long-term goals won’t succeed unless you start planning for them in the short term.

More Money-Saving Reads:

Image: BakiBG

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team