You could be a high flying stockbroker, a hedge fund manager in the City or an excitable amateur putting their money in a micro-investment app.
Either way, you feel like the reigning champ in the financial world, a one-person monetary dynamo who could probably bankrupt Richard Branson if you really tried.
At least you did think that until it all started to go wrong.
While you were once riding high, now your cash flow is looking shaky.
Proverbial butterflies might be flying from your wallet, but that doesn’t mean you have to face this desert alone.
The precariousness of finances means that there are many places you can turn to for help and advice in your time of need.
Here are just a few of them.
Solicitors
Your local solicitor is your best friend when it comes to legal advice, not least if you’re considering filing for bankruptcy or simply need advice on how you can manage your finance more effectively.
Whether you need a solicitor in Leeds or Lincoln, it’s easy to track down someone who can provide you with expert advice.
But beware – solicitors can sometimes be pricey, so check their retainer rate before you head for a consultation.
Bank managers
Where better to go for financial advice than at the grassroots of the banking sector?
Your local bank advisor will be able to provide you with no-nonsense advice on how you can better handle money, as well as how financial decisions you make may affect your credit rating.
Citizens Advice Bureau
The Citizens Advice Bureau can provide you with impartial advice on your finances, especially if things have taken a turn for the worse.
Many Bureaus operate on a drop-in basis, but it’s always best to phone ahead of time to make sure.
Financial advisors
Fully qualified financial advisors are used for a huge number of reasons, whether it’s to sort out an independent businessperson’s tax returns or to give them advice on retirement plans. And they’ll be your right hand when it comes to fixing a financial jam.
They can also, however, be costly. Weigh up your options and consult your bank manager before you commit to this option.
Friends and family
Everyone’s been in a bind when it comes to money – that’s why your friends and family could be the ideal people to turn to for a fresh perspective.
Their advice should be taken with a pinch of salt – not least because everyone’s financial situation is different – but the problems they’ve faced will at the very least remind you that we’re all in this together.
That’s our list. Can you think of anything we’ve missed? Have you been in financial difficulty and want to chat about it? Then let us know in the comments below.
