Those who are able to meet their debt obligations each month, but just barely. They often spend all their money before the end of the month. They have real problems stretching their money from payday to payday. Those who find themselves on a financial treadmill. They don't run out of money, but they are not able to save or put money away for retirement and other important short and longer term goals.
Financial planners give advice and make decisions for their clients.
An Accredited Financial Counselor recognizes that his or her client's money problems are usually the result of one or more behavior problems. A counselor can only help a client improve his or her financial situation when the client takes responsibility for important decisions. A. Anyone entering the financial planning profession would find it beneficial to earn the AFC designation because of course content. The first course covers personal finances and is broader in scope than the subject matter covered by other designations. The second course focuses on the financial counseling process.