Advertiser Disclosure
X

Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all banks, credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others.

By

Views

1.5K

Dig Deeper

25,339FansLike
25,115FollowersFollow
42,963FollowersFollow

Become a Money Crasher!
Join our community.

The Importance of Helping Each Other With Financial Problems

Views

1.5K

I was reading this article by Jeffrey Strain from TheStreet.com and he gives five ways to help other people with financial issues from your own personal experiences with managing your money. One of the things he listed was starting a personal finance blog. This is what I did two years ago, and my goal was not to act like I knew everything about money and I wanted other people to know it, but I had a revelation about money. I made a 180 degree change about the way I managed money, and I wanted to share that with other people. My goal for this blog is not to see how much money I can make from it, if that was my main reason, I would have stopped a long time ago. My goal is to help other people with the things I have learned about money and research the things you want to know about. So, if you do learn anything here, please don’t keep it to yourself. Share it with someone else. With the housing market going down the drain, gas prices continuing to rise, and the economy on the verge of a recession, people need help with their money!

Here are the five ways you can help others with money according to TheStreet.com:

  1. Pass Along Books and Magazines.
  2. Participate On The Internet
  3. Start a Financial Blog
  4. Start a Personal Finance Study Group
  5. Start a Finance Book Club

Passing along great personal finance books is a great way to help someone in need. Think about all of the books that sit on your bookcase and collect dust. Recycle the book and give it to a friend or family member that you think might benefit from it. Participating on the internet is also a great way to help others. I have made a big effort in the past year on this blog to facilitate an environment where you all participate more in what I write. When you agree or disagree with me, I want to hear it. When you have something else to add to my article or a personal story about the topic, we want to hear it. I have learned more in the past two years about personal finance from the comments you all write, than any book I have read so far. I believe in the power of learning from other people’s failures and successes. After all, it’s just money, so don’t be shy about telling your financial blunders and your financial success.

If you have a story about how you recently helped a friend or family member with their financial situation, I’d like to hear about it in the comments section.

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

Next Up on
Money Crashers

Trailing Stop Loss Order Example

How to Place a Trailing Stop-Loss Order – Example, Pros & Cons

One of the most difficult decisions investors have to make is when to take profits and when to cut losses short. Some traders will...
Couple Holding Sports Tickets

13 Places to Buy Cheap Discount Sports Tickets Online & Off

More than 1 in 10 millennials have fallen victim to ticket counterfeiting, according to a study by anti-counterfeiting outfit Aventus. You probably know someone...

Latest on
Money Crashers

Sign Up For Our Newsletter

See why 218,388 people subscribe to our newsletter.

What Do You Want To Do
With Your Money?

Make
Money

Explore

Manage
Money

Explore

Save
Money

Explore

Borrow
Money

Explore

Protect
Money

Explore

Invest
Money

Explore