In the third quarter of 2019, total household debt increased by $92 billion dollars according to the Federal Reserve Bank of New York. Debt can be a major roadblock, but as Bill Kelso explained in an article for Sedona Red Rock News, a financial planner can help people define their path to debt relief.
Bill shared how financial planners account for clients’ current financial position and goals to provide customized guidance. They can help prioritize debts, create a realistic budget that optimizes income, and manage other money-related goals such as saving for retirement or paying for college. Bill noted that consulting with a financial planner can help people feel more confident and prepared to make smart financial choices.