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Next, learn aboutthe riskiest social media platform for financial advice.
There are potential cons to the family-and-friends approach over other strategies.
They may also have biases or conflicts of interests that could affect the advice they give.
Its still worth considering help from financial pros, online resources and financial planning course.
Family and friends can offer emotional support and empathy, helping individuals to navigate difficult financial situations.
They Offer Practical Experience
Family and friends have likely walked in your financial shoes.
They can offer real-world insights that are invaluable in navigating the complexities of personal finance.
They may have firsthand experience withfinancial products, services and strategies, enabling them to provide informed guidance.
; (2) How do you plan on keeping yourself focused on your financial goal in 2025?
; (3) If youre planning to retire in 2025, what is your main financial concern?
; (4) How much debt do you have?
; (5) How do you plan on paying down your debt in 2025?
; (6) How much time do you expect to spend planning your budget per month in 2025?
; (7) Currently, what percentage of time do you stick to your budget?
; (8) How much do you have in your emergency fund?
; (9) How much do you expect to add to your emergency fund in 2025?
; (10) How many months of your expenses do you have saved?
; (11) What financial resources are you incorporating into your personal finances in 2025?
; and (12) Whats your main financial concern going into 2025?.
GOBankingRates used PureSpectrums survey platform to conduct the poll.
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