Most Americans have no financial plan, but help is easy to find

Jim Cunningham
October 22, 2018 - 6:21 am

ID 83411834 © Mongkol Theerakarn |


New research from Charles Schwab shows that three of out of every five Americans  live paycheck to paycheck and only one in four has a written financial plan.

"It doesn't really matter what income level or what your age is," said Don Grant, a certified financial planner. "At any point in time, you need a financial plan."

Financial planners can be an essential resource, from budgeting, planning for retirement, saving for education, managing taxes and arranging insurance coverage.

Money is a tool, Grant said.

"It's important for us to, as much as possible, remove some of that emotion from it by putting facts to the numbers, and looking at where you stand financially, and where you can be financially," Grant said.

Bringing all the pieces together in a person's financial life can be a challenging task, but it is easy to find a certified planner who can make things easier, Grant said.

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