A Personal Finance Coach
Some people seem to have an effortless time figuring out how to manage their personal finances. They know exactly how to determine a household budget and never seem to be in a position where they are scrambling to find spare change just so they can pay a bill.
Other people do not seem to have this skill. No matter what they do, it seems like they are always struggling to make ends meet.
If you find yourself in the latter category, you might want to consider hiring the services of a financial counselor.
The purpose of a financial counselor is to put your personal finances in order and help you make sure that all of your bills get paid and that you still have enough money left over at the end of the week for you to live on.
Many people make the mistake of assuming that a personal finance coach and a debt consolidator are the same thing. This is not the case at all. A debt consolidator is someone who will contact the people you owe money to and help you arrange your payments into one lump sum.
The purpose of a personal financial coach is to help you change your habits so that you are able to pay your bills each month, put some money away for retirement, and also have a little extra cash left over so that you can enjoy yourself.
When you meet with a personal financial counselor, you should not expect them to tell you about a bunch of get rich schemes. What a good counselor will do is ask to see your monthly income and monthly expenditures. They will also ask you what your long term and short term financial goals are.
It is very important that you are honest and that you paint an accurate picture of your current financial situation. They will use this information and show you how you can improve your overall situation.
Sometimes the change could simply be showing you how to budget your money better, at other times it could be that they think you should get a second job because they do not feel that you are making enough money to cover your cost of living as well as save money for your future.
It is extremely important that you remember that you are the person who hired the counselor and that you did so because you are having a hard time managing your person al finances.
It is their job to show you how to better manage your finances and the odds are pretty good that they are going to tell you that you are going to have to cut back on some things.
You need to listen to what they tell you and make a real effort to follow their advice.
No matter how frustrated you might become with the counselor you have to keep reminding yourself that they are not trying to make your life more difficult, that they are in fact trying to improve your future.