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Pensacola Area: 850.479.9601    Tallahassee Area: 850.562.6702

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Top Financial Myths Not to Believe

Posted on Monday, Dec 23, 2013

We hear many conflicting concepts about how to handle our finances each year. Knowing when to save, when to spend or how to manage money can be challenging, and we’re often left confused about how to begin the process. There is no better time than the present to get your finances in line.

Whether you want to save for retirement or pay off loans, you have the ability to gain more financial awareness. The biggest step to understanding your finances to is to meet with a financial planner. Take a look at these top financial myths not to believe when it comes to meeting with a financial adviser:

You have to stop spending money. It makes sense. If you’re struggling financially, it’s easy to think a financial planner will advise you to stop spending money. Instead, their advice is meant to develop customized ways you can spend your money more appropriately to get the outcome you want. You can learn tricks and better ways to spend money, while avoiding waste and debt. 

You can’t afford financial advice. Because a financial planner’s goal is to help you manage and build your finances, it’s the one thing that you can truly afford. The sound advice you receive helps you afford things far beyond the initial cost of financial advice. Learning how to plan, save and set financial goals is invaluable.

You don’t need financial guidance. Whether you have a surplus of money, expect an inheritance, or simply think you are managing your finances well on your own, there is no downside to seeking out financial advice. It’s essential to know how to maintain the money you currently have to avoid spending it incorrectly or losing out on opportunities for growth.

At Gulf Winds, we know financial guidance helps our members to manage their bank accounts, loans and investments better. To speak to one of our financial advisers, contact us or stop by one of our local branches in the Pensacola, Tallahassee, Brewton or Atmore area.

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