When Finances Get Tight: How to Reassess and Regain Control
Part 3 of 7 | Financial Wellness Series
In the third installment of our Financial Wellness Video Series, Doug Buss, founder of YourStyle Financial, joins Rafiq Punjani from Right At Home to talk about what happens when someone reaches out for help because they’re struggling financially — particularly later in life.
Doug explains that the first step is understanding where the money is going. By reviewing at least three months of income and expenses, he helps clients see the bigger picture: how much is coming in, where it’s being spent, and what adjustments can make a difference.
“I want to hear from people — what’s important to them? What’s still on their bucket list?” says Doug. “It’s not just about the numbers; it’s about creating a plan that supports the life they want to live.”
With interest rates at historic lows and inflation continuing to rise, Doug points out that many retirees have seen their investment income drop significantly. Banks often fail to fully explain how these factors work together — and that’s where proper financial guidance comes in.
Doug identifies three key factors that shape every financial decision:
- How much money you have
- How much time you have
- What rate of return you need
Balancing these elements helps create a sustainable financial plan that supports both stability and personal goals — no matter where you are in life’s journey.
🎥 Watch the full video below to hear Doug’s insights on recognizing financial warning signs, making informed adjustments, and taking control of your future.
📆 This is Part 3 of our 7-part Financial Wellness Series. Check back every week for a new episode filled with practical advice and real-life financial wisdom.