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Life has never been more complicated financially than it is these days. We’re spending more and more, earning less and less, and somehow muddling through. The trouble with having so many different bills to pay each month is that it is easy to lose track. It’s easier than ever to get into difficulties, and perhaps harder than ever to find your way back from a financial hiccup. Is there a better way to handle your money?
If you’re a money juggler, you might be the type of person that likes to have their hand and their eye on their money at all times. You like to be in control of moving the funds about yourself. Trusting others like banks and creditors to shift your cash about might be quite tough for you. You want to say when, and you want to say how much. You’re happy juggling each pot of money because you can see it all in front of you.
But what happens when you take your eye off the ball, or you simply need a break? Suddenly, everything might come crashing down on you. When you’re doing the juggling, there is a predictability to the movement. You know when it’s time to catch it and put it back into place. Unfortunately, this level of control isn’t always practical.
Think about your mortgage. The interest rate there could change daily. When your fixed rate term expires, you might have to cover fees to renew or find a new mortgage. And if you’ve dropped the ball, you might be in a hurry to solve a financial problem. Take a look at websites that specialize in this sort of issue, like refinancingmortgages.co. You might find that another approach suits you better.
Managers are typically hands off. They delegate the different tasks or funds to other people (or companies), so they can spend more time coming up with good ideas. A good manager checks in regularly, and is keen to hear about results. But typically, they’re after solutions rather than talking about problems. This can lead to a blinkered view of your finances.
After all, the solutions offered up are the ones that make your money handlers look good. They’re trying to avoid upsetting you or bothering you with issues. That means you might not hear the full story or be fully aware of all the facts. If the lines of communication aren’t clear and effective, you might not be getting what you really want out of your money.
So is there a middle ground? Is there a way to be in control without having to do all the work? It might be best to take one challenge at a time. If you’re thinking of buying a new house, then you would engage an agent to help you find the right one. But you wouldn’t step back and let them pick it without you viewing it a couple of times.
The best way to look after your money is to set yourself objectives. Find several options that would help you achieve your goals. Then find the best people to help you realize your dreams!