There are many people in America who want to manage their money effectively so that they will have a good financial future. Many of them try out budgeting themselves but yet fail in the process. Making a budget yourself is a crude and almost impossible process nowadays. This is because it eats up a lot of your valuable time.
So they search online and find that there are two methods that could help them make a financial budget. They can either hire a financial planner to do the budgeting for them or they can use personal money management software to make the budget. The confusion begins here. Let us see the difference between a financial planner and software.
A planner is a human who will make an interview and gather the details. Then he will ask for your financial dreams that you need to accomplish in the order of priority. Then he will work out on your finance details for a week and give you a very personalized budget plan that will help you achieve your dreams.
On the other hand, in the software for planning, you will enter all your information that is necessary to make a budget. You will list your income, expenses etc. Then the software will make a budget for you.
Which one is better for you depends on you and your budget. If you are an average income guy I would say it is better to use a software as it will be very cheap and free in most cases. In another case if you are a medium to huge investment businessman, then I would prefer that you hire a finance planner. So the choice has to depend on your budget and personal requirements. Make a choice very carefully so that your finance planning is not affected in anyway and you will be able to make an effective budget.