It Is Never Too Late to Solve Your Money Problems

After I entered the job force at 18, I had money problems for quite a number of years. I earned a decent income, but I lived paycheck to paycheck and just felt like I would never get ahead financially. One day, determined to get ahead, I decided to record every purchase I made for a month to find out just where my money was going. I learned a hard lesson that day that small purchases here and there throughout the month really add up. I committed to a much smaller budget and began stashing savings away. Then, I researched the world of investing and made a few strategic ones with some of my savings. I am now doing much better financially, and I want to help others who need it, so I am starting a blog. Come back often for money management tips and tricks explained simply!

3 Tips For Choosing A Financial Planner


You might have decided that hiring a financial planner is a good idea so that you can get help with planning and handling your finances. Even though you might know that using the services of one of these professionals can be a great idea, you might not know who to hire for the job. Three tips for choosing a good financial planner have been listed here so that you can get started in the right direction.

1. Consider Hiring a Fee-Only Financial Planner

First of all, you should realize that different financial planners are paid in different ways. Some receive commissions and other financial perks from companies that offer certain financial products. These financial planners are therefore often biased and may recommend financial options that aren't actually the best for you so that they can receive these perks. Instead, you may want to hire a financial planner who only gets paid in the form of a fee that you pay yourself and that you will know in advance. Then, you can make sure that your financial planner isn't biased and will help you make the financial choices that are right for you.

2. Choose Someone Who Has Been Involved in the Industry for a While

Next, make sure that you hire someone who has been involved in the industry for a while. Financial planners who have been involved in the financial industry for years are often most aware of the different financial products and services that are out there and can help you make the right decisions. You might find that hiring someone with a bit more experience is better than choosing a financial planner who might have just graduated from college and who might not have much real-world experience in regards to helping others with their finances.

3. Meet With Several Financial Planners

When it comes to something as important as your finances, it's important not to make a rushed decision. You do not have to hire the first financial planner that you meet. It's never a bad idea to schedule appointments with different financial planners so that you can go in for a consultation. Then, you can talk to each financial planner to see if their style of investing, saving and otherwise handling money seems to work well for you.

Choosing a fee-based financial planning service is definitely a good idea, and it's an even better idea if you hire the right person for the job. The tips above will help you with that.


18 March 2019