You can do a lot yourself first: list debts, interest rates, expenses, assets and goals. A planner is more helpful when you already know your numbers.
Is it worth paying for a financial planner if you are not rich?
#budgeting#financial advice#financial planner#money#retirement
I always thought financial planners were for wealthy people. But I’m confused about debt, savings, insurance and retirement. Would a normal family benefit?
AI Summary
People discuss when ordinary households may benefit from financial planning help.
Answers & Discussion
Be careful if the advice is really a product sales pitch. Ask how they are paid and whether they are required to recommend certain products.
A fee-only planner can be useful if you have several decisions at once: debt, mortgage, kids, retirement, insurance. You do not need to be rich to need a plan.
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