Are You Financially Hopeless? Now There’s Hope.

Posted on 16. Feb, 2006 by in Saving & Investing

Ok, so maybe not as much hope as an excuse.

Jeanne Sahadi over at CNN Money bets 10 bucks that you won’t be able to overcome your bad financial habits. I wholeheartedly disagree with her, but if you’re looking for some sympathy then check out her article.

She categorizes people into several different categories and then offers some advice that may help you – not to be perfect – but at least to add some sort of organization to your financial situation. So if you fall under one of the following categories then there might be hope for you:

  1. Piler-filer Drawer Stuffer: place a “collection” basket by the door and go through it twice a month
  2. Casual Spendthrift: hide the credit cards
  3. List-making Procrastinator: select just one thing to do, then create another
  4. Saver in Need of a Lock: do something that stalls you taking $$ out of savings – make it a hassle
  5. Parent Who Plans to Plan: take a weekend away with your spouse to go through will/trust plans
  6. Accidental Investor: keep it simple: no individual stocks or bonds, just as few mutual funds as possible

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