"Financial anxiety can take on different forms. It can mean constantly worrying about your finances. It can mean refusing to look at bills or review your bank and credit card accounts because you're worried about what the numbers will look like. There are different reasons why you may feeling financially anxious. It could be that: You're behind on retirement savings and don't see how you'll catch"
"The benefits of working with a financial advisor If you're feeling financially anxious, it could pay to get a financial advisor in your corner. In a recent survey by Northwestern Mutual, 29% of respondents without a financial advisor said they feel financially secure. But that figure jumped to 64% of respondents with an advisor. Some of the benefits of working with a financial advisor include: Getting help budgeting and managing your spending"
Financial anxiety manifests as constant worry about money, avoidance of bills, and reluctance to review bank or credit card accounts. Causes include insufficient retirement savings, lack of adequate emergency funds, burdensome debt, job insecurity, and low financial literacy. Those feelings are common. Working with a financial advisor can reduce financial anxiety by providing budgeting help, debt management strategies, and guidance on saving and investing to meet goals. A Northwestern Mutual survey found 29% of people without an advisor felt financially secure versus 64% with an advisor. Finding a professional one feels comfortable with and ensuring advisors act in clients' best interests improves financial confidence.
Read at 24/7 Wall St.
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