Learn more about moneyandinvestments with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
Chances are, your path to financial health involves several major questions. Should you invest more or pay down your mortgage? Should you save more for retirement or for your child’s dream college?
The right answers aren’t about how well a given investment performs. The answers that are best for you, and only you, need to include your attitudes toward debt, your feelings about risk, and the value you place on your financial goals. How important is it to you to be debt-free? To own a home? To pay for your child’s education?
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Have you ever spent money on something you knew was stupid, silly, or ill-advised? Have you ever known what you “should” do with your money, and then not done it? Do you procrastinate about important financial decisions, afraid you’ll make the wrong move? And then beat yourself up about it?
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• For example, depending on how much your mortgage costs and how far behind you are in payments, you may not be able to pay the entire amount back in two or three months. Remember that you have to eat and pay other bills. Consider speaking to your lender, partner, or financial planner about strat...
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