Foreclosure and Loan Modification Blog

New Financial Rules for a New Economy

[fa icon="clock-o"] Tuesday, January 7, 2014 [fa icon="user"] Jake Sterling [fa icon="folder-open'] understanding credit, financial worksheet for loan modification, loan modification financial worksheet

If there is one thing that the financial crisis has taught us, it's that we can no longer afford to think about our personal finances as we did in the bubbly pre-recession days. In today's economy, there are new financial realities that every consumer must understand.economic-recession

Eleanor Blayney, a seasoned CFP practitioner for Certified Financial Planner Board of Standards, Inc. offers consumers nine personal finance strategies to help them plan for what's ahead.


1. Put your own financial interests first, and work with an advisor you can trust.

2. Use a multi-prong approach; investing by itself will not get you where you want to be. Spending, saving, and budgeting all play equal parts in building wealth.

3. Think of yourself as an asset; investing in yourself can yield returns far greater than other investments.

4. Learn the difference between good debt and bad debt.

5. Get smart about the pros and cons of home ownership.

6. Know that it's no longer about retirement; it's about reinventing yourself for thdollare last third of your life.

7. Get your kids involved in family financial planning. Now is the time to talk to your kids about finances.

8. Do not sacrifice your financial well-being for your children.

9. Become financially literate. Commit to learning all that you can.

"As you consider your personal finances and prepare and respond to the new economic situation, remember you're not alone," says Blayney.


Reprinted with permission from RISMedia. ©2013. All rights reserved.


Get a FREE consultation

Jake Sterling

Written by Jake Sterling

Jake Sterling is Amerihope Alliance Legal Services' Homeowner Liaison. He helps to bring awareness and teach homeowners about foreclosure defense and options to save their homes.

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

Click to Read Our Super Loan Mod Success Stories

Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

Subscribe to Email Updates

Lists by Topic

see all
Quick Foreclosure Quiz

Foreclosure Process Handbook