Personal Finance Expert Interview with Dominique Brown on Personal Finance and Debt for Mint Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mint Published Aug 25, 2020 - [Updated Feb 11, 2021] 2 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. Dominique Brown has a mission, and that mission is to get your finances cleaned up. In person, in writing and on Your Finances Simplified, she straightens out misconceptions, clears up confusion and offers smart, balanced writing about finance online. We checked in with her about debt and personal finance. If you could do away with one misconception about personal finance, which one would it be and why? That personal finance and financial planning in general is for the wealthy. Personal finance is everyday advice that everyone, regardless of their net worth, has to deal with. At the end of the day, everyone has a budget, whether it’s written down or not. What’s the absolute worst type of debt you can collect? How can it be avoided? The absolute worst type of debt you can collect is any debt not associated with achieving your financial goals. There is nothing wrong with debt if you use it wisely. However, getting into debt – whether it’s student loans, credit cards, home loans or auto loans – that doesn’t help you get to your goals is foolhardy. Are there any early warning sign of financial problems that we can use to head off more serious problems at the pass? To me, the early warning sign of financial problems is when you can’t be specific about your finances. If I were to ask you, “How much did you save last month?” or “How much did you spend eating out?”, if you can’t tell me with any legitimate accuracy, we have a problem on our hands. There should be no guessing with your finances. When you begin to guess with your finances, you’re on a slippery slope. How has personal finance changed as you’ve been writing about it? I do not believe personal finance has changed much since I started writing about it. I believe there are still too many people who lack financial literacy. What should you ask yourself before making any personal finance decision? “How does this action get me closer to my financial goals?” Keep up with the latest from Dominique on Facebook, Twitter and Google+. Previous Post What’s the Best Time of Year to Refinance your Home? Next Post Expert Interview with Elle Martinez on Couples and Money for… Written by Mint Mint is passionate about helping you to achieve financial goals through education and with powerful tools, personalized insights, and much more. More from Mint Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do … Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on… Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? Financial Planning WTFinance: Annuities vs Life Insurance