Wednesday, December 11, 2013

Americans Are Making Poor Financial Decisions

In a recent National Foundation for Credit Counseling (NFCC) poll, when choosing between marriage, health, job and personal finance categories, an overwhelming 80 percent of respondents indicated they typically make the worst decisions when it involves their personal finances.

The worst decisions I make in life typically involve my:
A. Marriage = 9%
B. Personal finances =  80%
C. Health = 8%
D. Job = 3%
“It is good sign that consumers recognize and admit their problem,” said Gail Cunningham, spokesperson for the NFCC.

“Financial awareness often provides the motivation to jolt a person into taking action that can change the course of their financial life."

Shopping for a mortgage and meeting with the right professional can help to not make the mistake of  buying too much house, obtaining the wrong mortgage product for the needs that the family has and not having the educational experience needed to make the right financial decision.

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