Should I Hire a Tennessee Financial Planner or Make a Plan Myself?

Should I Hire a Tennessee Financial Planner or Make a Plan Myself?

Financial planning is something that can save you money in the long run, help you avoid financial obstacles, and better prepare your financial future to achieve the goals you have always wanted. In this world today, there are numerous options when it comes to financial planning, one of which is hiring a personal financial planner. However, you may not have the funds to justify this. Do not worry, you can always be your own financial planner with the right guidance. Although, if you are struggling with something as serious as bankruptcy, then consider working with a Tennessee bankruptcy lawyer who can help.


Tennessee financial planners are hired professionals who work with clients to help them manage their finances in cost-effective ways while offering financial advice along the way. The potential benefits of hiring a financial planner include a decreased chance of running into financial pitfalls, a greater opportunity to achieve your financial goals and easier maintenance of your finances. One long term benefit is saving money you might not have known to save without your financial planner.

In general, financial planners have training on how to guide you on financial factors like budgeting, paying off debt, dealing with taxes, saving up for retirement, and making smart investments that will pay off. The unfortunate reality is that Tennessee financial literacy is not often taught in high schools or colleges, leaving many people unprepared for the world of bills, debt, and budgeting. With the help of a financial planner, this can change, but you will want to make sure you choose one wisely.

First and most importantly, make sure the financial advisor you are considering is at least qualified. Look for a certified financial planner label and check the details. You will also want to make sure you are eligible to pay the fees. Make sure the financial planner is fee-only and not taking fees based on a fund company. Ask if their services operate with fiduciary protections.


If you find out hiring a financial planner is too expensive for your financial situation, then consider the alternative, becoming your own Tennessee personal finance planner. All you have to do is do a little research online, read some articles, or maybe even check out some books. You can also take away three main personal finance tips.

First, create a budget plan for yourself that limits the amount of money you spend each month. Calculate how much you spend in the average month, subtract this from your monthly income, and cut out expenses. Second, always put at least some of your income into savings. Third, transfer credit to lower interest plans or avoid debt entirely.


Managing finances on your own is not always easy. Consider seeking answers from our lawyers in Chattanooga, Tennessee, and North Georgia if you find yourself falling into bankruptcy. Call Tom Bible Law at (423) 690-7712 to talk to a Bankruptcy attorney in Tennessee for a free consultation today. Our Tennessee bankruptcy attorneys are located in Chattanooga and Tullahoma.

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