One of the questions that financial counselors keep on encountering is the one as to why people seek their services. That, in other words, is as a question as to why people seek financial counseling services. And as it turns out, there are several reasons as to why people seek such services, including:
- The desire to achieve financial goals: it is not always easy to figure out how to achieve financial goals. Whereas the process of formulating the goals (or wish-lists) is usually easy enough, working out how to actually achieve those goals is usually the hard part. For instance, you may be looking at a person who has just gotten a job at a company like, say, Nordstrom. So he goes to the MyNordstrom website, logs onto the portal, and proceeds to check his paystubs. He does this severally. And every time he signs in at the Mynordstromlogin page, and checks his paystubs, he realizes that what he earns is too modest, compared to the financial goals he has. This then forces him to seek financial counseling, as he tries to figure out how to achieve his financial goals – in spite of the modest paychecks he is earning.
- The desire to escape from debt: there are people who find themselves trapped in debt. So they are forced to seek financial counseling, as they try to figure out how they can escape from this trap.
- The desire to avoid bankruptcy: there are folks who come to discover that they are on the verge of bankruptcy, after being unable to meet their financial obligations. Such individuals are then forced to seek financial counseling services, in a bid to avoid bankruptcy (which would be ruinous to their creditworthiness in the future).
- The desire to overcome financial woes: there are, for instance, individuals who notice disturbing patterns in their financial lives. These may be the patterns where they keep on getting money, then depleting it completely, getting more money, depleting it completely… and so on. To break such cycles, they opt to seek financial counseling.