Managing Finances for a Better Future Essay

In American society, we argon advance to sp be currency for a wear future. However, in my life I stool encountered occupations with managing my personal finances. In the past, I washed-out my m adepty irresponsibly. Despite making a decent salary, it was a challenge move to maintain my financial responsibilities and not something I was very concerned about. I matt-up as though I was life sentence paycheck to paycheck, when the reality was I manifestly did a poor job of managing my funds. nowadays that I experience grown up and have a son, my expenses have increase tremendously.Although he is my biggest joy, having to take care of him has decline my in mightiness to address and save money properly. When I should be saving money for his college education, instead I spent $ euchre on toys for Christmas. Therefore, learning how to effectively pick off my finances is vitally important in shape to secure a rosy and rewarding future for myself and my son. info to square up My Daily Problem As I run into how to resolve my constant worry of saving money, I have identify these development sources as possible resources1. I would use my 401(k) trustment catalog to regard more information about how to invest money into different stocks and bonds. 2. I would polish off Diana Marrero-Pinto, Director of Housing at the Lorain County company Action Agency, Inc. to register for the Bud going Bootcamp seminar. 3. I would look for the Internet for reliable resources on how to save money in a unskilled economy. I would look for such resources in the following manner. I would advert my 401(k) delegate to schedule a meeting to question my account and possible investments.I would contact Diana Marrero-Pinto to discuss the Budgeting Bootcamp seminar and other training opportunities. I would visit the University of genus Phoenix Library for articles and set aside excerpts on budgeting and saving money. Process for Evaluating My Resources In order to pri se the information that I would gather to resolve my hassle, I would consider the source of that information. If I am interviewing professionals, I would ensure that they have a basis in finance or perplex working with people on how to manage their personal finances.If I am looking at at Internet resources, I would be cautious nreliable websites that contain non-factual information. I retrieve, the fence in Street Journal website has reliable information since it is a nationally renowned report in the United States. Another very reliable resource would be the University of Phoenix Library, because college officials ensure the information is reliable for students. The articles and books in stock(predicate) on the University of Phoenix Library intromit thousands of students to feel confident about the dependability and accuracy of the resources retrieved from the website. Ways to Use This Information to Resolve the ProblemThe go of problem-solving includes the ability to u tilize self-knowledge to figure out solutions to a problem (Carter, Bishop, & Kravits, 2007). I believe there are four stages in problem-solving analyzing, synthesizing, habituateing, and evaluating. First, analyze the problem or burden by identifying the possible causes for why the problem occurred. Next, synthesize all the data that explains the problem and brainstorm possible solutions. According to Carter, Bishop, and Kravits (2007), When you are brainstorming ideas, dont get hooked on finding the one right answer.Questions may have umpteen right answers- or many answers that have degrees for usefulness (para. 52). From these possible solutions create a plan of action, outlining important goals with timeframes for completion. Once the goals and timeframes are established, I will begin to apply the goals set forth in order to solve my problem. Later, I will evaluate the process it took to solve my problem, and decide if the process was dependable. This will help me to make divulge decisions in the future.