Don't Take Advice From A Movie Character When Putting Personal Finances In Order

January 14th, 2012

NFCC Press Release: Washington, DC  -  Millions will watch the upcoming Golden Globe Awards.  Some will be envious of the movie stars' talent and lifestyle.  However, even though the stars' lives may appear glamorous, it might not be financially smart to think like some of the characters that have been portrayed on the big screen throughout the years.

The National Foundation for Credit Counseling (NFCC) reflects on the following famous movie lines and relates them to personal finance:

          ·  "Gone with the Wind" - "I can't think about that right now" didn't work out too well for Scarlett O'Hara, and it won't work for today's financially strapped heroine, either.  Delaying reaching out for help with your financial situation will only make matters worse. 

        ·  "Casablanca" - Wanting Sam to play the same song over and over is one thing, but repeating the same financial mistakes month after month is not music to anyone's ears.  If your financial hole is getting deeper, it's time for a new tune.

        ·  "Wizard of Oz" - Dorothy knew that "there's no place like home," and the millions of Americans who have been displaced from their homes would agree.  A home is typically a person's largest investment.  Don't risk losing yours.  Reach out for help at the first signs of trouble so that you and Toto will always have a roof over your heads.

         ·  "Dr. No" - James Bond was a convincing secret agent in dozens of films, identifying himself simply as "Bond, James Bond."   Today, even James Bond could have trouble keeping his personal information secure, as thieves have sophisticated methods of stealing identities. Unauthorized charges on existing accounts, new accounts opened in your name, and drained bank accounts are just some of the results of being a victim of identity theft.  To keep from needing your own secret agent, educate yourself with identity theft protection tips at www.ProtectYourIDNow.org. 

         ·  "The Good, The Bad and The Ugly" - Many may think that this movie title describes their financial life.  If so, do something about it by facing the financial facts.  Take charge of your financial future by tracking spending, creating a payday cash-flow calendar, and knowing how much you owe.  It's your money and your financial future.  No one cares more about it than you.
 

If your finances are not award-winning, reach out to a trained and certified counselor at at an NFCC Member Agency.  To locate the agency closest to you, dial (800) 388-2227, or go online to www.DebtAdvice.org.  For assistance in Spanish, call (800) 682-9832. 

Consumer Credit Counseling Service of the Tennessee River Valley is a member of the NFCC and services Southeast Tennessee, Northeast Alabama, and Northwest Georgia.  You can contact CCCS by calling (423) 490-5620, or by email at CCCSreception@partnershipfca.com



The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation's largest and longest serving national nonprofit credit counseling organization. The NFCC's mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help more than three million consumers through close to 800 community-based offices nationwide.

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