Here Are 5 People Who Can Help You Manage Your Money
When it comes to money it is hard to trust anybody expect yourself, It can be hard enough to tackle your own spending habits and pay, much less discuss them with another person. But whether it’s planning for the future with your significant other or managing expectations with friends who like to spend more than you, there are several important conversations you need to be prepared for. Here’s the list of people you should consider talking about your financial status with…
1) Your Spouse Or Partner
If you’re sharing a life with someone, you’re likely sharing expenses, too. That can range from splitting the grocery bills to planning for long-term health care insurance and your children’s education.
2) Your Friends
It’s natural for friends to have different salaries or different approaches to spending, but that becomes less comfortable if you find yourself pressured to spend more than you can afford. The reality is that some friends may be hurting your finances. If a friend is encouraging you to indulge in bad financial habits, you need to have a conversation and be clear about your own financial goals.
3) Your Boss
No matter where you are in your career, you want to make sure that you’re being paid what you deserve. That begins with your first job. While it’s not surprising that many new graduates feel uncomfortable bringing up pay, a young employee can benefit a lot from negotiating — landing not only a higher annual salary, but also increased benefits and job flexibility in some cases.
4) Your Parents
Parents can be supportive mentors when it comes to financial advice. They’ve already been through the various life stages you’re going through, and you can ask them to share the things they wish they’d known about money when they were your age. Learn from their mistakes and their successes, but also make sure to think independently.
5) Your Financial Advisor
Many people assume that they don’t earn enough money to need a financial adviser. A financial adviser can walk you through big life decisions, like buying a car or a home, and help you meet your goals in five, 10 or 20 years.
