I met with a new financial planner, and I've already made 2 game-changing tweaks to the way I manage my money

Business Insider | 1/17/2020 | Ashley Abramson
MkgirlzMkgirlz (Posted by) Level 3
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My husband and I recently paid off our credit card debt and decided to meet with a financial planner to establish new spending and saving habits.

He recommended two strategies: putting money into our savings first, and opening a business checking account for my freelance income.

Time - Savings - Knowing - Plan

It'll take time to build up our savings, but I already feel more secure knowing we have a plan.

For my husband and me, financial well-being is a top priority after neglecting it for years. We've made our fair share of irresponsible spending choices, which resulted in credit card debt and a lack of savings.

Budget - Income - Credit - Card - Debt

Thankfully, since adjusting our budget and increasing our income, we've been able to pay off our credit card debt and make a bigger dent in our student loans. But now that we've removed the elephant that's been in the room for half a decade, we weren't sure how to create habits that would ensure a healthier financial future for our family of four.

Our main question was this: What's the next step, now that we're out of debt? To find the answer, we decided to meet with a new financial planner.

Friend - Planner - CFP - Chicago - Consultation

A friend connected us to a certified financial planner (CFP) based in Chicago. We had an initial consultation on the phone, and I appreciated the CFP's direct style and sense of humor. He's also a parent, so we felt he could offer helpful insight on how to approach budgeting and saving with kids (and understand how expensive they can be).

We decided to move forward with a planning meeting, and we couldn't believe how much we learned in those 60 minutes. Most of the call was going over our personal financial goals, both short and long term, and coming up with habits and strategies that would allow us to meet these goals...
(Excerpt) Read more at: Business Insider
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