What is budget counseling?

Budget counseling is when you meet with someone who can help you improve your finances. Many budget counselors work for nonprofit organizations, so you may be able to get assistance at no cost. Even if there’s a cost involved in working with a budget counselor or consumer credit counseling, that doesn’t mean you should rule it out.

Do you need budget counseling?

Budget counseling can help you set a budget, manage debt and prioritize your financial goals. Budget Counseling – Do You Need It? If you're unsure about budgeting, it can be helpful to pause and consider the broader perspective. Budget counseling can be an effective away to help you set a budget, manage debt and prioritize spending.

What are the benefits of budget counseling?

Another important aspect of budget counseling is often learning how to attack your debt and reduce it. A credit counseling organization and a certified credit counselor are usually well-trained in how to help people out of debt. Often, unsecured debts and high interest rates can be one of the most painful parts of your money story.