Financial Planning and Long-Term Saving Guide

How to Make Your Money Grow

If you can run a business or a bake sale, you can learn how to manage your finances. Here, four simple strategies for acquiring the basics 

By Geraldine Sealey
Stack of books with couponSang An

Hire a Financial Planner
Most people should see an adviser for a tune-up annually. The adviser will assess your goals and adjust your planning and saving accordingly. (Find one at or At your first meeting, ask these three questions:

  • “How do you get paid?” Avoid advisers who charge referral fees.
  • “Are you a fiduciary?” This means that above all else, including her own beliefs about money, she must put your interests first. So, for example, she won’t recommend a financial product or plan simply because it will increase her compensation.
  • “How will you work with me to help me reach my goals?” If you want to go on a dream vacation, that may mean using a different savings vehicle than if you wish only to put away money for retirement. So it’s crucial that your adviser understand your priorities.

Pick Up a Good Book
The Millionaire Next Door ($17,, by Thomas J. Stanley and William D. Danko; The Investment Answer ($18,, by Daniel C. Goldie and Gordon S. Murray; and Charles Schwab’s New Guide to Financial Independence ($10,, by Charles Schwab, are packed with information and inspiration.


Go Online
Check out these Web-based financial resources that are geared toward women:

  • for smart tips and real-time money discussions with other women.
  • for advice on budgeting, investments, careers, and more.


Educate Yourself
Take a basic personal-finance class (inquire at a local community college or a continuing-education program), or join a women’s money group (go to for one near you).


Get more advice and learn about the psychology of Women and Money.


Read More About:Planning

Related Content

Illustration of man and woman talking

3 Ways to Cut Your IRS Debt

If you're having trouble paying your taxes or want to fight late fees, these tips can help you negotiate with the IRS.

What do you think about this article? Share your own solutions and ideas

View Earlier Comments

Quick Tip

Illustration of suitcases

Packing for a family vacation? Travel versions of favorite games won’t crowd suitcases, and playing them will keep kids from begging to watch TV at night. Get more tips.