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Think of them as detectives for your personal money matters a Sherlock Holmes for your dollars and cents.
When a good financial advisor puts a magnifying glass to your statements, they might detect evidence offinancial instability.
What clues do they look for?
Overly Relying on Credit Cards
Kovar doesnt need a magnifying glass to spot this red flag.
Or, conversely, maybe you rushed to pay down debt before tackling your current bills.
Either way, spending without a plan has put you back in the hole.
Many banks offer free financial counseling services or online tools to help you get started.
DiManno warned that skipping automation for savings or debt payments often leads to inconsistent progress and delinquent payments.
Set up recurring transfers to your savings account and schedule bill payments to ensure you stay on track.
Automation eliminates human error and makes it easier to build a solid financial routine.
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