Dealing with Financial Stress Frederick MD

When financial stress in Frederick is too much to bear, you should seek help. Simply talking to a trusted friend or family member will allow you to get some things off your chest. If you don’t have anyone to talk to, consider joining a support group or getting counseling. Your local mental health authority can help.

Mr. Chris M. Moran, CFP®
(240) 855-0007
3535 Urbana Pike
Frederick, MD
Firm
PRIME Wealth Management/ Commonwealth Financial Network

Data Provided by:
Ms. Laura E. Johnson, CFP®
(240) 285-5579
9624 Woodsboro Rd
Frederick, MD
Firm
Cetera Advisors LLC

Data Provided by:
Mr. Dario Cavazos, CFP®
(301) 360-9973
10 N Jefferson St Ste 201
Frederick, MD
Firm
Edward Jones
Areas of Specialization
Asset Allocation, Education Planning, Estate Planning, General Financial Planning, Insurance Planning, Long-Term Care, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Not Applicable

Data Provided by:
Mr. Scott A Mccaskill, CFP®
(301) 668-7366
220 West Patrick Street
Frederick, MD
Firm
McCaskill Financial
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000



Data Provided by:
Mr. Scott H. Geisbert, CFP®
(301) 624-1717
149 West Patrick Street
Frederick, MD
Firm
Legacy Financial Associates
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Mr. Sean Mccomber, CFP®
(240) 215-4709
6 W 2nd St
Frederick, MD
Firm
Key Financial Group
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000



Data Provided by:
Mr. Lee R. Kramer, CFP®
(240) 379-6929
9099 Ridgefield Dr
Frederick, MD
Firm
Kramer Financial
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Divorce Issues, Elder Care, Estate Planning, General Financial Planning, Investment Management

Data Provided by:
Mrs. Josephine E. Hoffman, CFP®
(301) 698-4732
30 W Patrick St 4th Floor
Frederick, MD
Firm
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Investment Management, Investment Planning, Life Transitions
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000



Data Provided by:
Mr. Timothy Jackson Custer, CFP®
(301) 694-8219
14 W. Patrick St
Frederick, MD
Firm
First Command Financial Servic
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, General Financial Planning, Government and Military
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Government Employees

Data Provided by:
Ms. Anneliese J. D'Souza, CFP®
(301) 694-3436
120 West Church Street
Frederick, MD
Firm
D'Souza Financial Strategies.com
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000



Data Provided by:
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Dealing with Financial Stress

Stress can take a toll on our lives and health. During these tumultuous economic times financial stress is particularly bothersome. While cutting corners never hurt anyone, juggling bills and doing without necessities harms both our physical and mental health.

Stress contributes to health problems, including insomnia, depression and anxiety. If that isn’t enough, financial problems may prevent sufferers from getting proper treatment. They may beat themselves up mentally for allowing things to spiral out of control. But that frame of mind can only make things worse. Instead, a more productive use of your energy is to develop a way to get out of debt. Here are some things you can do to prevent or reduce financial stress:

  • Make a budget and stick to it. Start out with bills and necessities such as food and transportation. Put aside some money for unexpected expenses such as medical bills and car repairs, and reserve a small amount for entertainment. Put all of the money that is left over toward paying off your debts, starting with the one with the highest interest rate.
  • Become a penny pincher. Scour the sale papers for the best deals on groceries and other necessities, and seek out coupons for the things you buy. Join the frequent shopper club at every store you visit to take advantage of special deals.
  • Learn to have fun without spending a lot of money. Instead of going out to dinner and a movie, eat in and rent a DVD to watch with your spouse or family. Check your local paper for free events such as concerts. Rediscover the simple (and free) pleasures in life, such as taking a walk around the block and throwing a frisbee in the back yard with the kids.
  • Keep your credit cards out of sight and out of mind. Avoid using them except in the case of a true emergency, where there is no other option.
  • Getting Help

    When financial stress is too much to bear, you should seek help. Simply talking to a trusted friend or family member will allow you to get some things off your chest. If you don’t have anyone to talk to, consider joining a support group or getting counseling. Your local mental health authority can help you find counseling that you can afford.

    If budgeting is your problem, credit counseling could be the answer. Also, see my article on creating a household budget . Credit counseling agencies will often help you set up a budget and learn effective money management for free. If that doesn’t solve your problems, your counselor might be able to set up a debt management plan for you. This involves negotiating lower payments and interest rates on unsecured debt, allowing you to pay it off more quickly and still have money left over each month.

    Financial stress can be devastating for you and your family. Learning to cope and taking control of your finances can help you get your life back on track.

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