Money Misery: 5 Signs You Should See a Financial Advisor

Generally, money miseries will not disappear without you taking some firm steps toward money management. If you’re having trouble paying your monthly bills, you may need the assistance of a financial advisor to develop ways for you to manage your money more effectively.

Financial Stress

Financial stress can cause a myriad of health issues. When you’re dealing with financial stress your home life can suffer, your performance at work may not be at its best and you may begin experiencing health problems brought on by the stress of trying to pull yourself out of a financial hole. Stress can cause high blood pressure, insomnia, depression and anxiety.

Accessing Your Debt

Once you sit down and make a list of your expenses, you may realize you owe more than you have coming in. If you continually engage in a juggling act to determine which bills to pay and which to postpone or if you’re only making minimum payments on credit cards, you may need some professional advice to figure out how to get out of the financial hole you’re in.

Create a Budget

If you have tried creating a budget only to find you lack the self-discipline to stick to it, you may need the expert advice and support a financial advisor provides. Once you have eliminated some of your debt, you may want your advisor to help you create a new budget that will help prevent you from getting in over your head in the future.

Planning for the Future

Once you develop some money management skills you will be better able to pay your monthly bills comfortably. However, you may need some assistance in planning for the future. Planning for the future can be confusing if you aren’t familiar with terms and options related to financial planning.

It’s Not All about Debt

Money misery isn’t always related to debt. If you’re nearing retirement age, you may find it helpful to consult with an expert that can help you plan a retirement budget, assist you with investment options and various other money matters. If you’ve inherited money or are going through a divorce, a financial expert can help you with some of the stressful issues that can arise in those situations. Preventing money related problems is far better than having to rectify them.

Proper money management can make life less stressful. Just as you rely on physicians to help you stay physically healthy, financial advisors can help you stay financially well. Learning to live on a budget and plan for the future can eliminate stress.

Credit Reference:
If you’re a young adult planning for the present and the future, a financial advisor from a firm like Harwood Financial Group can be an invaluable guide.

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