A 1996 Roper Starch Worldwide survey of 1,000 women found that large numbers cited lack of time or the complexity of handling financial matters as big obstacles. Before we discuss seeking outside help, there is a crucial point you need to understand. That's one of the first pieces of advice any financial advisor will give you. But to be a good financial advisor to yourself, you have to figure out how to accomplish that task. As you know, this is difficult for most people.
Most people feel that it takes every dollar that comes in just to get by.
The secret of successful saving is to make the decision to have about 10 percent of your income automatically deducted and invested before you ever see your paycheck. Experience shows that for most people, what you never had you will never miss. Chilton argues that setting up budgets to limit consumption and then saving what is left over just doesn't work. But setting up some sort of automatic, compulsory savings mechanism does. If you follow this advice, you will become your own best advisor.