10 Learning Resources to Keep You Away From Financial Woes

by Megan Hartman on July 6, 2012

Chances are good that you know someone who is going through a serious financial challenge. You may be watching their struggles and wondering how they got into that mess. You might also be thinking that you would never wind up in that position.

The truth is that finances can be tricky. The laws change frequently, and it can be hard to stay on top of the latest developments. Plus, unless you are highly diligent, it can be easy to let your finances slide until you find yourself in just as difficult a position.

The best way to avoid slipping into financial ruin is to educate yourself. Check out these 10 excellent resources to help you learn more about potential financial pitfalls, so you never wind up stuck in one yourself.

Don’t mistake nonprofit credit counseling for credit repair services. Nonprofit credit counseling is legitimate, and if you find yourself in a tight spot, they can help you get out and teach you how to stay out.

If you have a problem with overspending or think you are headed that way, check out a local meeting of Debtors Anonymous.

This website is full of great information on how to better handle your money. It also provides in-depth programs to learn about preventing foreclosure and bankruptcy.

  • Your Bank or Credit Union’s Website

Many banks and credit unions offer information online and even host seminars about managing your finances and staying out of debt.

The YMCA often has free community programs that teach debt management, budgeting, foreclosure and bankruptcy prevention and financial planning. Check the website of your local chapter to find out what programs are available.

  • Community Colleges

Local community colleges also frequently offer short classes and seminars to the general public that teach students about a variety of financial subjects. You can learn the basics of personal finance, get step-by-step advice on home buying and learn hands-on debt management techniques.

  • Community Centers

Like community colleges, community centers also offer classes and programs with financial themes. Some of these programs may even be free. Programs offered at community colleges and community centers are often taught by local professionals who are experts in personal finance, and you may be able to make an appointment for further one-on-one assistance.

With links to over 20 government financial resources, this site provides helpful information about budgeting, mortgages, retirement planning, avoiding scams and more. The site also provides helpful tools to assist in creating a spending plan, calculators and checklists.

Sponsored by the Wall Street Journal, this website features current articles about what’s going on financially around the world while providing real world financial advice to everyday people. The site features hands-on tools, checklists and step-by-step guides to shrinking debt, refinancing and investing.

Whether you visit his website, listen in on his radio show or purchase one of his books, Dave Ramsey is one of the best out there when it comes to learning about debt or any other matter related to personal finance. His books and website include guides and tools to help you budget and manage your finances so that you can either get out of debt or never fall into it.

Categories: Advice, Building Credit

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