While there are a variety of financial software programs to aid people, sometimes hiring an actual personal finance planner is the way to go. Such planners offer many diverse services, so you're bound to find someone that addresses your needs. Many personal finance planners, boasting backgrounds in tax prep and accounting, can offer free financial advice, along with the basics of maintaining a sound budget. They can set up monthly payment plans for budgets, and give advice on wise money purchases, low interest rates, real estate investments, and credit card debt reduction.
Business and development for business ventures may be the focus of one financial planner, while another may be proficient in stock market dealings or taxes. They can also assist in choosing the best auto loans, mortgages, capital investments, stock portfolios, and bank savings accounts.
Personal financing advisors and consultants should be able to work one-on-one with their clients to custom tailor a plan regarding loans, cash spending, savings, money management, and even bookkeeping. Many have financing websites and offer free initial consultations.
Some personal finance planners have a few locations to choose from, but some work independently and feature one office. To become a financial planner, one must attend college and take the necessary licensing exams. Advisors and consultants may begin work within a large firm or open up shop for themselves. They may earn commissions and portfolio management fees, in addition to their base salary.
Skills to have in this business include tenacity, a proficiency for managing investments, a background in finance and accounting, and strong communication skills. Communication is important, as much of the financial planner's time is spent consulting with clients. They should also be computer savvy, as many utilize the latest software to assist them with their tasks.