As a financial writer, I very often speak to families who are trying to get their finances under control, something which is very rarely easy. There are families across the country who are working hard and trying to scrimp and save where they can and at the end of the month, things still don’t add up. In fact I was chatting to financial professional Andrew Corbman last week about this very topic and discussing how this situation can often put families on to the debt spiral, something that everyone should try to avoid.
If you are in this situation then you may not think that a financial advisor can help you or that you simply cannot afford their advice but here are just a few things that they can do for you, and why you should invest in them.
A financial advisor will sit down with you and talking through your monthly income and expenditure and help you to put together a sensible monthly budget which you will be able to stick to. You may feel that you do not need someone else to tell you how to budget your money but after speaking with an advisor, you will see that it becomes much easier when you do this with a pro.
Financial advisors have access to all of the deals and offers which providers of services such as energy, gas and electric have to offer and they can help you to save money almost instantly though the reduction of your monthly spends. This is one of the reasons why you should look at a financial advisor as an investment rather than a cost because the work which they can do for you and your family can really help to save you money and pay for their fees with ease.
Many people do not know the first thing about how to go about finding a better mortgage or renegotiating their existing terms. Financial advisors on the other hand do and they can help you to save some money on your mortgage, free up some equity in your home or even find a better mortgage altogether which you can switch to.
If you are struggling each month then you are unlikely to have considered a savings plan for your future or the future of your children. A financial advisor can reassess your finances and advise you on how you can put together a small savings plan to give you some added security as well as giving you great advice on where and how to save your money.
You may think that financial advisors are only there to help out huge corporations or super rich individuals but they are not, they are there for everyday people like you and me and they can significantly help you to improve your financial wellbeing, usually in very little time.