How to Manage Your Money in the New Year
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Michael Morrison is a financial planner with the company Strategies for Wealth. He advises families to "build a financial plan on a foundation based on certainty and guarantees."
Morrison recommends using programs like Quicken as resources for keeping track of your finances. His company has developed a product called The Living Balance Sheet that allows clients to access all their financial data online. "Having their own customized website gives them the ability to really see the interdependence of every financial decision," Morrison says.
Morrison's advice for the coming year? "Protect yourself and your assets by shifting risk, tomorrow and forever. We must take back stewardship of our finances. And although we can't control the markets, inflation, or taxes, we do have the ability to be organized, protected, and efficient."
For more advice on tackling debt, go to www.DebtAdvice.org or call the National Foundation for Credit Counseling at (800) 388-2227.
Kirsten Denker is a freelance writer and mother of two.