This Personal Finance Website Helps Over 45 Million People Manage Their Finances Every Month
Managing finances is a full-time job in itself. After all, budgeting, investing, and filing taxes aren't easy tasks, and you have to be financially aware to do them right. With rising credit card debt, healthcare costs, job resignations, and premature retirements; millions of people were dismayed during the pandemic and are still trying to recover to this day. Because of this, it is important to find proper guidance in finance management if you aren't well-versed in the field yet.
Nobody wants to see their net worth dip. In fact, this could lead to irrational and emotional decisions that could derail one's budget, delay their retirement plans, and even land them in unintended debt. Fortunately, technology leaped ahead in 2020; and so did the fintech industry.
Where to Get Help With Your Finances
The Bitbag Team came across a billion-dollar company called SmartAsset that offers a wealth of financial guides, award-winning financial simulation tools, and a seamless way to connect with fiduciary financial advisors nearby you - all for free.
Over 45 million people use their mortgage and debt calculators, tax and retirement tools, wealth of financial information, and popular advisor-client matching service to improve their financial lives. Their cutting-edge financial modelling tools simulate financial scenarios based on your financial decisions. They also paint a vivid picture of the steps you could take to avoid financial pitfalls and make the best of what you have.
Furthermore, their concierge team will match you with vetted financial advisors who follow fiduciary standards. Fiduciaries are ethically and legally required to offer the best financial advice for your situation. While you could opt for AI-based robo-advisors and enjoy hands-off investing, these algorithm-based digital entities can't really offer what in-house advisors with years of experience and intuition can.
Financial advisors are trained to establish a relationship with their clients and understand their worries, aspirations, and current financial stature to curate a detailed financial plan. They also keep them out of financial pitfalls that usually revolve around emotional decision-making, especially during market upheavals.
Here's how SmartAsset's client-advisor matching service works:
- Fill up this online advisor match quiz that revolves around questions like your retirement goals, current financial situation, retirement plans, and investment risk tolerance.
- Based on your responses, SmartAsset's team will match you with up to three vetted fiduciary financial advisors near you that suit your profile.
- The firm goes a step further to facilitate introductory calls so you can interview them and see if they understand your retirement vision.