New York, NY, June 13, 2015 --(PR.com
)-- Do you know what your income is? If so, you're ahead of many Americans.
Not only do most people only have a vague idea of their income, they often believe they're doing better or worse financially than reality indicates, according to U.S. News & World Report.
The median income for Americans is just over $51,000, according to the latest U.S. Census data. If your income is 50 percent lower to 50 percent higher than that number - between $25,500 and $76,500 - you're considered "middle class" under current economic standards.
But being part of the middle class means something very different for today's working adults than it did for their parents and grandparents. With consumer expectations constantly increasing along with costs for health care, food, housing and just about everything else, personal finance has become complicated for middle-income Americans.
Money managers: No longer just for the wealthy
Middle-class individuals also typically don't realize the benefits they can gain from working with a professional money manager. Believing that money managers are for high net-worth people only, they continue to struggle each month with little savings, increasing debt and a worsening quality of life.
If you fall in the category of middle class, you may feel that you can't afford to work with a professional money manager. The truth is, you really can't afford not to.
More month than money
A 2014 report found that almost half of Americans live in a state of persistent financial insecurity that makes it difficult to plan beyond immediate needs.
If you're like many Americans who live paycheck-to-paycheck, you're not saving, and you're not adequately funding long-term goals like retirement or college educations for your children. You also may be using credit cards and other high-interest debt vehicles to maintain your lifestyle.
How can a money manager help?
Your professional money manager will work as your partner to get a handle on your finances, administering payment of your monthly expenses, managing your assets and providing you with an "allowance" for day-to-day living. In addition, a professional money manager can assist you by:
Creating a workable spending plan that accounts for all needs.
Setting priorities and limiting reckless spending.
Negotiating interest rates and other debt payment terms.
Building savings for emergencies.
Setting and meeting long-term savings goals, such as retirement, college and a home down payment.
Choosing and managing appropriate investments for your individual situation.
Money management for all financial situations
At Sacro Capital Group
, we care about your needs. Our doors are open to people of all income levels and in all financial situations. Whatever your current financial outlook, we can help you put a plan in place that gets your finances under control and puts you on the road to a bright future. For more information, contact Sacro Capital Group.