Without a professional’s assistance, getting your finances in order can be challenging to maintain. Even after spending hours attempting to balance your accounts, you could still make costly errors that could come back to haunt you.
Unfortunately, paying a professional financial counselor might take money out of your budget that you could use for more important things. Instead, you should use readily available financial resources, which yields more advantages beyond just assisting you in getting your money in order.
In this interview, one of GreenSprout’s experts reviewed where you can source these resources and how to use them.
What kinds of resources are available to learn about finance?
With recent technological advancements, the number of resources available to learn about finance has grown exponentially. In the past, the sole source was financial literacy books authored by people who have spent years in the finance sector.
Now, these types of content can be accessed on audiobooks, self-help videos, online publications., podcasts, and many other forms that are more easily accessible for this current generation.
Which of the aforementioned is more applicable to the current generation?
Following the rise of social media, not many people in this current generation are open to reading financial literacy books or lengthy online publications as they sometimes feel they can not easily relate to their content.
Most of them will tend to go for self-help videos that are more practical and can easily stimulate the senses. Others opt for listening to podcasts, preferring to get the gist right from the mouth of their favorite experts.
What has GreenSprout reviewed to help individuals find these resources?
If your preference is self-help videos, this can be easily sourced on the social media platform called YouTube. Audiobooks and podcasts can be obtained from platforms like Spotify and Apple Music.
Additionally, several financial blogs, like GreenSprout, publish educative content about finance that will speed up your learning process. You can also choose to read books sourced from libraries in your location.
Do these resources have a cost, or are they offered for free?
Books collected from public libraries do not usually cost a fee apart from paying a one-time registration fee to be a member. Similarly, most online financial blogs and finance YouTube platforms also allow individuals to access their page without having to pay a subscription.
The rest of the available finance resources I listed require some form of payment which could be done monthly or annually to access the information you need. Usually, the amount is easily payable to avoid people getting miffed by the cost.
How quickly can people start using the knowledge they have learned from the resources?
Once you have garnered enough knowledge from the resources, you can start applying it in the various aspects you might want to. However, there is a need for a bit of restraint as the concept detailed in the resources might only be directly applicable in your life only after making some personal tweaks or adjustments.