Are you underpowered?

Yesterday, I dusted off my psychology degree and started my attempt to identify financial styles that can keep people from achieving their goals. The approach du jour is what I am calling ‘underpowered.’

You might be underpowered if:

  • You feel that no matter what you do, you can’t get ahead.
  • You are always waiting for something to happen (raise, inheritance, lottery).
  • You blame others (spouse, boss, children) for your financial setbacks.

If you answered “yes” to the above questions, ask yourself why. If a lack of knowledge is holding you back, the Internet is a great resource for you. To make progress today, set at least one attainable short-term financial goal and visit for a lot of good, easy-to-read information.

If you have tips to help someone let go of past mistakes and set goals for the future, please share them though the comments section.

Kim McGrigg is the former Manager of Community and Media Relations for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial 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.