My sweetheart and I are in the midst of a financial crisis. We just moved across the country from one coast to the other, we had an elaborate wedding, we bought a house, we have maxed out credit cards, and we make large payments on a consolidation loan. We need to get our financial act together. And we are not quite sure how. Yes, moving forward we need to budget. But how do we recover from this situation we already created?
My family was telling me about a series of finance videos including a how to save money video, a budgeting video and an investment video. My parents especially seemed sold on them and bought us the budget video to get started. We sat and watched the budget finance video together and afterwards we talked about the suggestions in it, and how we could implement those changes into our lives. Then a week or so later we watched the budget finance video again for a refresher. It really did help us simplify our first step towards ending our financial troubles.
Next we watched the investment finance video. We are a couple of years away from being able to utilize any of the tactics in there, but it has really helped us round out our understanding of some points and it is helping us to formulate our long term financial plan. All in all, these finance videos have been a wonderful tool for us. I was not sure what to expect from some random finance video my parents told me about. I half expected the whole thing to be some kind of late night infomercial scam, but they were totally legitimate. And I would recommend watching these finance videos to any laymen who wants to better understand their own financial situation.