Don’t be afraid to ask questions

Just the other day on a trip to my local Ace Hardware store, I realized the approach I take while shopping there applies to money matters as well.

The employees always point me in the right direction. But once I’ve been guided to the right product, I ask more questions. I want to make sure I’ve got the right tools and know how to use them properly to complete my projects around the house.

Sometimes it’s hard to admit you don’t know exactly what you’re doing. Trust me, I frequently feel like the folks at Ace are going to laugh at the laundry list of “How do I…” and “What if…” questions I spout off. But I ask them anyway, because having a conversation with the experts and getting a better grasp of your situation helps in the long run.

And that’s the case when it comes to your finances.

When you’re applying for a new account or talking through a payment option — really, any time you have contact with someone about your finances — be sure to pipe up if you don’t understand something. There are no stupid questions. The more you can learn about your accounts and managing your money the better.

Better yet, just talk through your situation with a banker, your financial aid officer, etc. There might be a solution that you hadn’t even thought about that could be helpful. Case in point: A while back when I was looking to pay my mortgage using automatic payments, I called a mortgage representative and talked through my situation. There ended up being a great solution that solved my automatic payment need and at the same time helped me simplify my budget.

Tell us: Have you ever been afraid to ask questions when it comes to your finances? Or are you like me in the hardware store and ask away?

This entry was posted in Money management and tagged , , , . Bookmark the permalink.

4 Responses to Don’t be afraid to ask questions

  1. tom flynn says:

    if your monthly statement fonts get any smaller – I’ll have to use a microfying glass

    Seniors and those with glasses can hardly read the numbers! Who’s bright idea was this – a big dissppointment from the former Wachovia statements!

    • Barbara says:

      Tom – thanks for commenting. We’ll definitely pass your feedback on. One thing I like to do is sign up for online statements to keep the documents and zoom in on any details I’d like to confirm. Maybe that’s an option for you?

  2. lois . says:

    In MAY 2013 I had my first overdraft and paid it immediately although I never found my mistake. Now it is Sept. and it is still showing on our monthly statement. How long will this happen. Thank you.

  3. Ja'Vonda says:

    If two people both have a Wells Fargo account can they deposit money into one another’s account at the teller by just given the name of the person?

The Student LoanDown

Leave a comment

Your email address will not be published.

Your questions and comments really matter to us! We're glad you want to join the conversation and connect with other readers. All we ask is that you keep some simple guidelines in mind:

  • Stay on-topic. Only comments that are related to the subject of the blog entry will be posted.
  • Be respectful. It's okay if you disagree with a post or comment, but please, no personal attacks or offensive language.
  • Maintain your privacy and confidentiality.Please do not provide any of your specific account details or other personal information! If you have immediate service needs, please contact your bank representative or Customer Service.
  • Wells Fargo team members: In the interest of full disclosure, if you are a current employee of or are associated with Wells Fargo, please make note of your affiliation.