Tackling your financial issues can be a tall task. With a variety of money problems out there that can impact almost everyone, the fact of the matter is that many of us are not prepared to deal with these complicated issues. Financial advisors can help you manage your money, but there are many who avoid professional help due to a combination of misinformation and personal feelings of denial or anxiety. Perhaps you’re hesitant about divulging your personal money matters with a stranger or maybe you feel confident that you can dig yourself out of your financial hole. We have compiled a list of 7 reasons why people are avoiding financial help in 2017.

 1. Unsure Where to Begin

From accounting problems to debt to wage garnishment, financial issues can be so complicated that understanding the core problem can be trying in and of itself. “How can I possibly request help if I don’t even understand what the issue is myself?” some might think.

Financial professionals are called such because they have an expansive amount of knowledge on the subject of finances. Providing them with the information you do know is sufficient enough for them to create a starting point to get you back on track. Are you weary of advising costs? Many companies and advisors offer free consultations which, if nothing else, will help you to get a better handle on the matter. Knowledge is power; don’t let ignorance push you further into debt.

2. Dismissing the Issue

There are many people that turn a blind eye to their money problems, regardless of how dire they might be. Avoiding the issue of their debt and failing to seek financial help only exacerbates the problem. Perhaps confronting the problem would indeed mean that you are acknowledging a mishandling of your money in the past, but the sooner you do so, the sooner you will be able to remedy the problem for a brighter financial future. Advisors can suggest a financially sound routine that will help you focus and fix the issue.

3. Bad Behaviors

In a similar vein as “dismissing the issue”, bad behaviors are another reason why people avoid financial help. One major behavioral trend of those facing financial problems is spending more money than they have. There are many that avoid the issue and continue to spend money that they do not have. Addictions are another behavior that can often become quite costly. Reflecting upon your spending habits is a good way to assess the gravity of your situation. Advisors can help you fully understand your situation and what actions need to be taken.

4. Tackling the Situation on Your Own

Credit certainly needs to be given to those who are cognizant of their money situation and are exercising healthy practices to overcome the problem. However, there are many instances where research on an overly-complicated financial issue is not sufficient enough. And, often, there are times when we are past the point of simply being able to solve the problem by exercising good practices. Relying on the expertise of a professional is often the best way of tacking your situation.

5. Trusting Strangers with your Finances

Perhaps the idea of trusting someone with intimate knowledge of your finances can seem a bit scary. Being cautious when dealing with your money is intelligent, but it doesn’t mean you should avoid using an advisor. Sometimes you do need to take a leap of faith, but before that, do the necessary homework to have the best chances of finding a company best suited for your needs. Reviewing licensing boards and professional organizations like the CFP Board and the BBB is a good place to begin your research. There’s also no shame in doing some personal research on individuals that you might eventually consult.

6. Past Financial Mistakes

Despite common belief, the wealthy aren’t the only ones getting financial advice. Yes, it is common for those who have been amassing large sums of cash to receive financial guidance, however it is not limited to just them. There are very few people in this world that have perfect financial histories. Financial mistakes are made by everyone and we are all eligible to receive help.  Speak to an advisor today so you can plan for moving forward, not focus on what you’ve done in the past.

7. Finances are Personal

Discussing income levels, raises, and other money matters is almost a taboo in our society. If it is an uncomfortable discussion for you, make sure at least someone knows about your concerns – and that one person should be a financial consultant that has the expertise to guide you in the right direction. If you find someone you can confide your money matters to, advising can become one of the most personal and successful partnerships you have.


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