My buddy Keith Springer and I have worked in the financial sector for many years and we are often asked for advice form many people who are struggling to pay their bills each month, or to find some disposable income. When people ask me this question I always give them the same response, pay for a financial advisor to come and assess their family’s finances. This is often met with a negative reaction as people tell us that they cannot afford this or they cannot understand how a professional could help them.
If you fall into the same category as the people who I share this advice with then here are just a few things which a financial advisor can do to improve your family’s fortunes.
Cut The Bills
Your monthly bills are usually the biggest outlay and many people think that there is nothing that they can do other than pay these bills each month. Whilst you do of occurs have to pay the bills each month, you do not have to accept the high prices that companies may charge. A financial advisor will be able to review all of your bills from gas and electric to wi-fi and phone contracts and find ways in which to reduce them each month. Through switching providers you can save a great deal and within the first few sessions with your advisor, you will find that you have saved a great deal of money on your monthly bills.
Spending Plan
Financial advisors are there to help you and so there is nothing to fear when it comes to your spending each month, you will not be judged. What a financial advisor will do however is talk to your about how much you spend, where you spend it and help you to track your spending over the course of a month. Very few of us are actually aware just how much money we waste each month and a financial advisor will help you to draw your own conclusions about whether or not you can justify your monthly spends.
Savings
Even if things are a bit tight right now, this is not to say that you should not be looking forward and planning for the future. A financial advisor will be able to show you how and where to save some money in accounts and plans that will reward you for doing so. You may not think that you have the money right now to put aside for the future but a professional will be able to find money in your monthly income and expenditure which you can put to one side, even if it is just a little bit. If you do not plan for your future, you will end up in the same situation only years down the line, enlist the help of a professional and get planning comfortably for the future.
These are just some of the things a financial advisor can do for your family and trust me, they are well worth the fee that you will need to pay.
