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Frugal Is to Smart as Cheap Is to Dumb: Intelligent Financial Decisions for Families

I think we can all agree that the price of living in the United States seems to be a bit of a puzzle to which many pieces have gone missing. We’ve seen a rising cost in just about...

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Douglas Andrew

Owner and President of Paramount Financial Services, Inc.

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Barbara Corcoran

Founder of The Corcoran Group and real estate contributor...

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Lee Brower

Wealth trainer, consultant and author

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Let Go of the Past

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Making more money is about looking to the future, not dwelling on the past. Although it's very normal to look back in the early weeks of your financial life change and wish you could change the past, it's important to keep a positive outlook moving ahead.

According to Susan Thorne-Devin, MSW, executive director of Choices, Inc. in suburban Chicago, regret is just one of the emotions people often experience as they embark on a new financial path. “Denial, sadness, shame, guilt, regret and anger are all common emotions during the first few weeks of this change,” she says.

Whenever you feel these emotions creeping in, remember, you’re not alone. Acknowledge your mistakes and don't hold feelings back, but also, forgive yourself and forge ahead. Your new financial plan will rectify past mistakes and missed opportunities. If you need more help escaping your financial past, ask a question in our Making More Money Q&A.

Posted: 4/17/14