Budget-Friendly Tips to Find a Financial Advisor

Concerns about financial stability can weigh heavily on individuals, prompting questions about effective ways to save and secure one’s future. In light of this, Liz Weston, a Certified Financial Planner and personal finance columnist for NerdWallet, offers practical advice on how to find budget-friendly financial guidance.

Many people worry about their financial future, including fears of homelessness or financial insecurity. A conversation with a financial advisor can help formulate a plan to alleviate these concerns. Weston suggests starting your search for a financial advisor through your employer. Many companies now provide financial wellness programs, which often include one-on-one counseling sessions. Additionally, some employers offer financial advice through their 401(k) or other retirement plan providers.

For those seeking independent advice, Weston recommends looking for an accredited financial counselor. These professionals specialize in budgeting, debt management, retirement savings, and other essential financial topics. Importantly, they operate as fiduciaries, meaning they are legally obligated to act in your best interests. Many accredited financial counselors are associated with credit unions or military organizations, and some may offer services on a sliding scale based on income.

To begin your search for a financial counselor, you can visit findanafc.org, a website dedicated to connecting individuals with accredited professionals. Another valuable resource is the National Foundation for Credit Counseling, accessible at nfcc.org. While this organization primarily focuses on helping individuals manage credit card debt, its member agencies also provide budgeting counseling. Their budgeting tool can be found at nfcc.org/resources/monthly-expense-tool, offering a structured approach to managing expenses.

In conclusion, finding financial advice does not have to be a daunting task. By leveraging employer resources and seeking out accredited professionals, individuals can gain valuable insights into their financial situations. As Liz Weston emphasizes, taking proactive steps now can lead to a more secure financial future.

For further inquiries or to reach out with questions, Liz Weston can be contacted via mail at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or through the “Contact” form on her website, asklizweston.com.