Financial Advice – Finding People To Help You
From time to time, you may find yourself in need of some financial advice. People need advice in this area for lots of reasons, from a change in income, making a major purchase, falling into debt and more. There are many sources of information available if you need it. Our guide takes you through them. One source you may not immediately consider is your banker, but they can be extremely helpful in explaining the different services they offer that can help you make the most of your money.
It can also be a good idea to talk to an accountant, particularly if you are struggling with budgeting your money. This is because accountants are trained to work out exactly what is happening to your money, who you need to pay and when. This means that they can help you draw up a money management plan. They’re also useful for people with complicated tax affairs, such as self-employed people or people with more than one job who need advice on managing their accounts.
Independent financial advisors are also highly useful sources of advice. All their advice is impartial as they are not linked to any other creditors, banks or debt services. This means that their fee will be the same no matter who they refer you on to and they are especially useful if you are looking to take out a loan or a mortgage. They’re experts in the field and so will be able to explain the different options and tell you the best deals for your circumstances.
Charity organizations can be another great source of financial help, particularly if you are having trouble with money and can’t afford an independent advisor or don’t understand what your bank is telling you. Charities often employ experts who can offer you good advice for free or for a very small fee, which is ideal when you’re on a budget. They’re also independent, so you know the advice you receive will be impartial and they can often pass you on to trusted organizations for further help.
Finally, it can sometimes be a good idea to talk to the relevant government departments if you need advice on a specific aspect of your finances. This is especially true of welfare – if you want to know what government benefits and welfare you might be eligible for, you could talk to your welfare office. They’ll also be able to tell you about the application process. It’s also useful to get the information direct and undiluted. It’ll also be up to date as they’ll know all the latest policy developments.
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