Financial planning for the poor?
June 26, 2013 11:13 AM Subscribe
I'm a formerly broke person who is beginning to become unbroke, although not without stumbling from time to time. I have a few strong goals - buy a house, get my student debt in order (not paid off - just in order), save up enough for a couple of large ($5000) purchases, improve my credit score to mortgage-minimum. I need help getting there.
However, I'm clueless about how to aim myself. I come from a long line of people who are also clueless about money. I would very much like to go to someone, drop my financial information on their desk, and have them give me a series of concrete steps and mini-goals that will cut my Gordian knot. Financial planners in my area tend to be the "$250,000 minimum account" type. I want someone who understands how low-income (sub-$30,000/year) people think and spend, so they can see the possible traps ahead (and won't spend my money selling me stocks for an hour). I understand if my goals are not all realistic - the house probably isn't - but I know I can do more than I am, if I could just get knowledgeable help.
Recommendations for books and software are fine, though I would really prefer a human being. I use mint.com right now to track my spending and create budgets, but it doesn't seem to be helping. Credit counselling does sound nice, but apparently I am not in enough debt to quality for it.
Something between a life coach and a financial planner who won't charge an arm and a leg and who understands that my savings aren't over four digits. Please!