Pages

Thursday, March 12, 2015

What does a financial counselor do?

Just as a business coach can help a business run more smoothly and earn more profit, a financial counselor can help your family run more smoothly and better manage the money that comes into your lives.

When faced with high medical expenses or job loss, a person might not know what to do next. When home foreclosure seems eminent, and the car is at risk of repossession, bankruptcy might begin to look attractive.

Sometimes a family has plenty of income, but there's just more going out than coming in.

A financial counselor can help identify waste, develop a spending plan and show you how to eliminate your debt.

Debt, or more specifically the interest you pay on debt, is probably the most detrimental factor on any person's finances. If you're paying late-fees, that just adds to the trouble.

Financial Counseling is not only for those in hardship though.

If you're just starting out, graduating High school or College, getting married, or retiring, a financial counselor will have good advice for the next stage of your life. Maybe you have experienced sudden wealth and need direction in being a great manager of your newly acquired resources. Financial counseling can help you map out a clear path, so that you make decisions confidently with a plan for your future

One of my clients, Common Sense Business Solutions, offers these services. Cynthia Alloway is a Dave Ramsey Certified Counselor. Check out her website and see if she can help you be a master over your money instead of being a slave to debt.

No comments: