3 Signs You Need To See A Financial Planner

Personal finance is just that — personal. In many families, it is not traditional to talk about money, and doing so is even considered rude. However, talking about money is a good way to learn more about money and personal finance, and there is one person, in particular, who you really should talk to about your budget and finances: a financial planner. Here are four signs you need to pay a visit to this type of financial professional.

1. Your account is empty before the end of the month.

If you live paycheck to paycheck, sometimes running out of money before the month is through, you are not alone. Often, the problem is not that you're not earning enough money. It's that you are not budgeting properly and spending wisely. If you visit a financial planner, they can help you figure out where all of the money is going and point out spots where you can cut spending. With their help, you can end each month with money left to invest or put into savings.

2. You are not saving for retirement.

People in their 20s and 30s often put off saving for retirement, figuring that they'll worry about it later. But retirement age comes faster than you think, and the money you save early on ends up being worth more, thanks to compounding interest. If you are not yet saving for retirement, a financial planner can help you figure out where to cut your budget so that you do have money to save. They can also help you choose investments for your retirement and come up with a long-term plan that will ensure you have enough money saved by the time you do stop working.

3. You have trouble sticking to a budget.

Maybe you have a budget, but you're always blowing it. A financial planner can help you figure out why you're struggling to stick to your spending plan. They can help you set more realistic spending goals and make behavioral changes to reduce spending. For instance, if you are always over-spending on dining out, they may recommend allocating an extra $10 a week for groceries so you can buy a few "treats" and feel less tempted by restaurant food.

Talking about money can be awkward, but remember that a financial planner is a professional whose job is to help you with issues like this. Visit one for help before your finances get any worse.