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I’m Not Good at Managing My Money. – Eletha


“Dear Steve,

I make over $100,000.00 a year and I don’t know where my money is going. I have all my credit cards maxed out and I am living from pay check to pay check. Please help!

My credit cards have high interest rates and I have asked them to lower but their answer is no. I pay over the limit and have been late. But not intentionaly.



Dear Eletha,

Not everybody is good with managing money. I have always found that those that are most creative, like artists and sales people are horrible at managing the finer points of deal with their finances. I’m sure it is a right brain, left brain thing.

Finding someone to manage your money for you seems like a good thing for you to do. We hire people to mow our lawns, clean our homes, so why not hire someone to professionally manage our finances.

The cost of hiring a Daily Money Manager is going to be less in the long run than the cost of perpetual financial mistakes or high interest rates.

Contact the American Association of Daily Money Managers to find someone near you that can help.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • David

    Not everybody is good with managing money. I have always found that those that are most creative, like artists and sales people are horrible at managing the finer points of deal with their finances. What do you base this information with? I am very curious because I am in sales and very creative and am awful at managing money. It is funny how I was just thinking about this last week. I was thinking I am great at the first two issues of this but horrible with money. Thank you, Steve. David

    • Steve Rhode


      It’s a right brain – left brain thing. You are most likely more right brain dominate since good sales people need those outgoing non-liner thinking skills.

      Here is something that I think might really strike a cord with you.

      Take the activity of balancing your checkbook. The left brain engages in a very systematic, sequential and exact approach to getting the job done. The left brain strives for accuracy in making sure the balance balances. If the right brain were in charge of this activity, the right brain would probably be content to round up or down to the nearest dollar amount: an approach that is unacceptable to the left brain. Source

      Here is a little test to let you see which side of your brain is visually dominate.

      The Right Brain vs Left Brain test … do you see the dancer turning clockwise or anti-clockwise?

      If clockwise, then you use more of the right side of the brain and vice versa.

      Most of us would see the dancer turning anti-clockwise though you can try to focus and change the direction; see if you can do it.

      uses logic
      detail oriented
      facts rule
      words and language
      present and past
      math and science
      can comprehend
      order/pattern perception
      knows object name
      reality based
      forms strategies

      uses feeling
      “big picture” oriented
      imagination rules
      symbols and images
      present and future
      philosophy & religion
      can “get it” (i.e. meaning)
      spatial perception
      knows object function
      fantasy based
      presents possibilities
      risk taking

      Hint: If you want to try to make her turn the other direction, watch the foot.


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