How often do you get financial advice?

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Discussion Overview

The discussion revolves around the frequency and methods of obtaining financial advice, with participants sharing personal experiences and preferences regarding banking practices, estate management, and online banking. The scope includes personal finance management, emotional aspects related to family loss, and the use of technology in accessing financial information.

Discussion Character

  • Exploratory
  • Debate/contested
  • Conceptual clarification

Main Points Raised

  • One participant expresses difficulty in managing their finances and a lack of recent engagement with their bank.
  • Another participant mentions checking in with their bank every four months and discusses concerns about their family's estate management following recent deaths.
  • Several participants highlight the convenience of online banking, stating they rarely visit physical banks and can access their financial information daily.
  • One participant expresses distrust in online banking and prefers to meet with a bank advisor to understand their investments and paperwork.
  • A suggestion is made to seek help from the Citizens Advice Bureau (CAB) for independent financial advice and assistance with financial issues.
  • Another participant, who works in a bank, notes they have daily access to financial information and emphasizes the availability of online banking services.

Areas of Agreement / Disagreement

Participants generally share varying experiences with financial advice and banking practices, with no consensus on the best approach. Some prefer online banking, while others express concerns about it.

Contextual Notes

Participants' views are influenced by personal circumstances, such as recent family losses and varying levels of comfort with technology in managing finances.

Who May Find This Useful

Individuals seeking insights into personal finance management, those dealing with estate planning, and anyone interested in the impact of technology on banking practices.

wolram
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How often do you get financial advice? i have reams and reams of paper work but have no idea how much money i have, the last time i went to the bank was about three years ago,
i guess i am stupid but i hate dealing with these things.
 
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About every 4 months I poke my head into the bank and check on things. I plan to work harder to keep everything in order. My Mother passed away last week, and my Bother joined her yesterday. My Mothers estate is well planned, no problems there. My Brothers is going to be a nightmare for his children. I don't want my family to go through all of that.
 
hypatia said:
About every 4 months I poke my head into the bank and check on things. I plan to work harder to keep everything in order. My Mother passed away last week, and my Bother joined her yesterday. My Mothers estate is well planned, no problems there. My Brothers is going to be a nightmare for his children. I don't want my family to go through all of that.

So sorry for your loss hypatia, i hope you are holding up ok.
 
As best as can be, thank you. I'm really very worried about my 82 yr old father, he's really unconsolable.
 
Just about every bank I know has online account access. I know how much I have just about every day. I rarely goto the physical bank anymore.
 
hypatia said:
About every 4 months I poke my head into the bank and check on things. I plan to work harder to keep everything in order. My Mother passed away last week, and my Bother joined her yesterday. My Mothers estate is well planned, no problems there. My Brothers is going to be a nightmare for his children. I don't want my family to go through all of that.

I'm sorry to hear this, hypatia. I went through something similar several years ago.

Take care.
 
Greg Bernhardt said:
Just about every bank I know has online account access. I know how much I have just about every day. I rarely goto the physical bank anymore.

Same here. Between online access and monthly bank statements, I have little reason to physically enter a bank. Though, I do live in a small enough town that the bank manager calls once a year just to check in and make sure all is okay, which is a nice touch. I only go in person if I want to change around accounts.

Hypatia, my condolences on your loss.
 
Moonbear said:
Same here. Between online access and monthly bank statements, I have little reason to physically enter a bank. Though, I do live in a small enough town that the bank manager calls once a year just to check in and make sure all is okay, which is a nice touch. I only go in person if I want to change around accounts.

I can not trust on line banking, i know it is silly but that is me, i have booked an appointment
to see a bank advisor, mainly to find out how my investments are doing, and to find out which of these papers i collected i have to keep, i really should not trust myself with money.
 
wolram said:
How often do you get financial advice? i have reams and reams of paper work but have no idea how much money i have, the last time i went to the bank was about three years ago,
i guess i am stupid but i hate dealing with these things.

The CAB will help put you in touch with independent financial advisers, they will also give you hints and tips to deal with finance issues. They'll even write letters to banks to tell them to pack it in. They're good like that.
 
  • #10
Don't we all just looooove bankers ?

I sure do !

I work in a bank, so i got all the info i need on a daily basis.
Aside that, nearly every bank should have an online service where you can get access to whatever data you need.

marlon
 

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