August 3, 2020
Financial advice

What Financial Advice Should You Actually Follow?

Everyone needs a little help from time to time. This is especially true when it comes to our finances and the steps we take to feel secure in how we save and spend money. Sometimes we can feel overwhelmed by the pressure of our financial obligations while things like unexpected emergency costs and invisible expenses can set us back.

Financial advice

Find Online Resources and Support

Ask yourself what kind of relationship you want to have with money and what your ideal level of comfort is. We all have different relationships with money, but we can start to fall into negative patterns of comparing ourselves with others, which only keeps us from setting out own goals and expectations.

When you’re looking for good financial advice to follow, take a look through some reliable online resources such as the latest post on the GoDay Blog and other hubs for information and advice about personal finance.

What Do You Struggle With?

You might be a young person who is dealing largely with student debt, or a working professional who is supporting their family. When you find advice that actually resonates, you can change your perspective about money and correct bad habits. For when your funds run thin, there are always alternative options to get money fast.

You can rely on online payday loans from reliable and trustworthy lenders as a way to get the cash you need before your next paycheque arrives. Still, you don’t want to rely on these loans regularly, which is why it’s so important to find educational resources that teach you how to regain control over your finances and achieve your long-term financial goals.

Financial Gurus

If you’re someone who likes to live online and is plugged into social media, consider following financial gurus that you admire. When you follow financial experts, you’re bound to see your timeline fill up with helpful tips and advice for staying on track with your money goals. Not sure where to start? Here is a short list of some financial gurus who might be helpful to you.

  • Frugal Trader – this is a Canadian account that coaches people on the idea that your net worth should be one million dollars before you turn 35.
  • Dave Ramsay – he’s experienced some financial lows in his personal life, which makes his enthusiastic advice well worth its value. He’s easy to listen to and shares some helpful strategies for getting out of debt that many people have found useful.
  • Ellen Roseman – she is a columnist for the Toronto Star who shares content about consumer rights and financial literacy. To sharpen up as a shopper, you’ll want to take her advice!
  • Cait Flanders – if you need help setting up a budget, look no further. Flanders is a budgeting expert who loves to share her passion with her followers.

Identify Your Values and Find Who Shares Them

What do you want to learn about money? Look for resources and individuals who share some of your ideologies. For instance, if you’re trying to maximize your credit cards rewards program, someone who preaches about living debt-free might not be the most helpful.

Look for people and ideas that will challenge and push you, because it can be easy to fall into self-enforcing negative patterns. Identify the things that you find important about money and from there you can pay attention to the advice that aligns with your goals and beliefs.

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