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Money Minute: Getting Financial Help
Money Minute: Getting Financial Help
Recently on “Money Minute,” we looked at the financial situation of military and civilian families, which showed that some families could use some help managing their finances.
While asking for help can be “uncomfortable,” Bruce McClary of the National Foundation for Credit Counseling says it can make a big difference.
“You’re getting advice and spending time with a financial professional who can answer your questions and help you make more informed choices,” McClary said.
He adds that where people get that help is equally important and recommends starting with a nonprofit.
“If you act quickly and respond to something on the radio or the Internet,” says McClary, “you could be setting yourself up to be scammed or worse.”
Instead, nonprofits — which typically have websites that end in “.org” — can connect you with trusted help.
Again, it is important to be cautious and suspicious of anyone who asks for money for large fees.
The Minnesota Attorney General’s Office recommends starting with the National Foundation for Credit Counseling or Lutheran Social Services.