Stop struggling to manage your money.
Do you struggle to keep up with expenses or find yourself stressed thinking about things like budgets, savings, and taxes? If you answered ‘yes’ to these questions then it might be time for you to get a financial planner.
A financial planner can provide a customized solution to your money struggles by professionally examining and monitoring your accounts. In turn, helping to make sure you are on track to meet all your financial goals.
Given how important we think financial planners are we’ve outlined our top five scenarios where a financial planner might be right for you.
If You Struggle with Debt Management
Financial planners are great resources for debt management. If you have a number of outstanding debts that you are struggling to pay off it might be worthwhile to have a financial planner look into your accounts.
A financial planner will be able to assess the loans including their rates and terms as a way to determine a payment plan that’s right for you. This could mean consolidating your loans or negotiating with the lenders for a lesser rate.
Regardless, a planner will take an unbiased view of your situation to formulate a personalized payment plan.
If You Are Thinking of Investing
Before you invest in things like stocks, bonds, or funds it’s a good idea to talk about it with a financial planner. This is especially true for first-time investors or people who are not familiar with all the different investment types which could leave them at risk of making a poor decision.
But, a financial planner will be able to help by assessing the amount you’re thinking of investing and walking you through the pros and cons of each investment type. This will ensure your goals align with the investment style you choose.
Otherwise, you could be left with an investment you’re not happy with or something that’s inconvenient and inaccessible until much later in life.
If You Are Overwhelmed by Taxes
If the idea of going through receipts, invoices, and paperwork for your taxes leaves you feeling anxious it might be a good idea to visit a financial planner. A financial planner can take the stress out of tax season by organizing and filing all the paperwork for you.
Financial planners are also able to assess your income and receipts to see where you could minimize your tax liability with things like credits, deductions, tax-free investments, or tax-deferred savings.
If You Struggle to Maintain a Budget
Regardless of how much money you make, if you struggle to keep your accounts in the green it might be a good idea to speak with a financial planner. A financial planner can have a look at your income, debts, and expenses to come up with a tailored monthly budget that works for you.
If You Just Don’t Have Time
Whether you’re a busy professional or someone who simply does not have time to research, plan and execute a financial plan it might be a good idea to see a financial planner.
These experts have a year of financial knowledge under their belt practicing and implementing financial strategies so you don’t have to. This means you no longer have to research things on your own or formulate budgets and worry if they will work.
Instead, you can hand off all of these administrative tasks to a financial planner who can save you time and energy.
Ultimately, we understand first-hand how stressful money management can be. From gathering all the documents to figuring out investment strategies and so much more; financial planning is not a task you should do alone. For some helpful advice and a free consultation, call us today at 407-328-5001.
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