If you’re looking for a financial planner, but your budget is tight (or non-existent), you aren’t alone. According to AG Morgan Financial Advisors, half of Americans don’t have enough money saved for retirement and what little they do have stashed away isn’t growing fast enough. But there are many resources accessible to the public that offer helpful information about how to manage finances. Here are a few:
Are you looking for a financial planner who can help you develop a plan or answer some financial questions, but your budget is tight (or non-existent)? If so, you’re not alone.
You may be wondering if a financial planner is really necessary. The answer is yes! Financial planning is an important part of life and there are many things that you can do to plan for the future without paying hundreds or even thousands of dollars in fees. There are many ways to get help with your finances for free, including doing it yourself, asking friends and family members for advice, or even going through a trusted bank or credit union.
According to the Financial Planning Association, half of Americans don’t have enough money saved for retirement, and what little they do have stashed away isn’t growing fast enough.
According to the Financial Planning Association, half of Americans don’t have enough money saved for retirement, and what little they do have stashed away isn’t growing fast enough.
“There are several reasons why people aren’t saving enough,” says Tim Maurer, CFP® and financial planning director at T. Rowe Price in Baltimore. “Some people think they’re too young to worry about it; others want to spend their money on other things such as travel or cars instead.”
The result is that many people retire with only $100,000-$200,000 saved up—and that’s assuming they didn’t spend their nest egg on something else first! In addition to not having enough saved up in a 401k or IRA plan, many retirees don’t know how to manage or invest their money effectively when it comes time for them to play catch-up on lost time.”
There are many resources accessible to the public that offer helpful information about how to manage finances.
There are many resources accessible to the public that offer helpful information about how to manage finances. If you need help deciding which course of action is best for your situation, consider consulting with a financial planner. A professional can help you create a financial plan based on what is important to you and your family, as well as determine the most effective way for you to reach your goals.
Financial planners have varying levels of expertise in different areas of finance advice; therefore, it’s important to do research before choosing one. Ask them about their credentials and education (both formal and hands-on), find out about their experience working with clients like yourself, and ask if they have any specialties or certifications in particular topics such as retirement planning or tax preparation strategies.
Conclusion
If you are looking for a financial planner but don’t want to spend a lot of money, there are resources available. The one thing we all need to remember is that the best way to start managing your money is by taking small steps and making small changes. If you start with these two things and continue adding more as time goes on, eventually it will add up to having more control over how much money you have saved!
