2016 Resolution Challenge: Improve Financial Health Carroll Co., MD

2016 Resolution Challenge: Improve Your  Financial Health Carroll County, MD


2016 Resolution Challenge: Improve Your Financial HealthThe new year is on the horizon, 2016, my how time flies. The new year celebration often includes a time to reflect on the year gone by and begin new, fresh. Some proclaim a resolution to do something new, different or stop doing something that does not benefit us and our families.  My hope for the new year is that you and I will create a new life practice to improve our financial health.


The blog 6 Part Blog Series: Discover how to get your financial house in order is complete. My goal is to help you understand the importance of building and maintaining good credit and get your financial house in order. Too many of us are on the hamster wheel living paycheck to paycheck. One emergency away from financial disaster. Hand to mouth nation: Roughly 40% of US Households are living paycheck to paycheck according to My Budget 360. Have you ever experienced one or more major reasons for financial difficulty? I know I have.


Major reasons for financial difficulty:

  • Loss or reduction of income - job loss, divorce, death

  • Emergency and/or unexpected expenses - medical, death

  • Poor money management - lack of education regarding credit, overspending, purchasing things that you can not afford

  • Defective goods and services - car breaks down, major system or appliance in your home

  • Fraudulent use of your credit - identity theft

  • Student Debt - your own or your child's education is expensive

  • Addiction - gambling, drugs, alcoholism, compulsive buying, etc.

  • Financial infidelity - money secrets between couples


Don’t ignore the warning signs of credit problems. See them as a warning to take control  and improve your financial situation, not a failure. We all experience challenges in life, financial and personal, you are not alone. Ask for help from a trusted friend or resource and avoid quick fixes, they can only get you further in debt. Watch out for scams, criminals target the vulnerable and if you are experiencing financial difficulty, you are vulnerable. Your best bet is to contact a HUD Approved Housing Counseling Agency  for assistance and guidance. Take positive, focused steps to regain your footing. There is life after major financial difficulty if you make changes and stay focused. Be honest Don’t give up.


Incase you missed it, here is the complete series:

6 Part Blog Series: Discover how to get your financial house in order.


  1. The perfect alternative to a budget.

  2. Address the MONEY mess!

  3. When it comes to credit cards do you?

  4. Think like a lender.

  5. Understanding Credit Scores.

  6. Avoid credit traps.


Also, How to Save Money and Protect Your Identity from theft - FREE


Make your 2016 Resolution to create a new life practice, improve our financial health.

Philling StationDiane M. Phillips, REALTOR®

Military Relocation Professional

Cell/Text: 443-286-4365
Office: 1-877-FRANKLY
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Comment balloon 2 commentsDiane M. Phillips Realtor 443-286-4365 • December 30 2015 03:38PM


Hello Diane, as always another great blog by you and so true.  I hope you have a great 2016!

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) over 2 years ago

Thanks Will Hamm! That means a lot to me. Wishing you a prosperous and very happy new year!

Posted by Diane M. Phillips Realtor 443-286-4365, Specializing in Carroll Co., MD (Frankly Real Estate Inc.) over 2 years ago