How do I learn to budget better and get my saving and spending under control? Q I’m finding it difficult to budget at the moment with the constant changes to prices, interest rates and so called expert opinions on what’s going to happen. How can I budget better and try get both my spending
Q It’s my 50th birthday soon and I’ve been working hard in various jobs for almost 35 years. I want to be in a position to retire by the time I’m 60. How can I make sure that can happen? A This answer is a long one. I’ll send you a list of the information
New Year’s Resolutions – how to give your finances a thorough health check this January It’s still January but I wonder how many of us made and stuck to our New Year’s resolutions. Instead of committing yourself to some elaborate resolution, which may be all but impossible to keep, why not think about taking
Things NOT to do!
Avoid these mistakes if you want to lead a richer life!
1) Spend now, pay later
Don’t throw your money away when you’re young, assuming you’ll be richer when you’re older. People in their 40s and 50s actually have the most financial problems. Enjoy your financial freedom when you’re young, but don’t squander it.
2) Fail to save
Too many people claim they can’t afford to save while blowing their cash on gadgets they don’t need, clothes they never wear and nights out they regret in the morning. Set up a regular savings plan by standing order or direct debit, so you don’t notice the money leave your account. Then have fun with what’s left.
If you don’t have enough savings to fall back on, you should take action now to protect yourself from an unexpected bill.
A third of us are living on the financial edge with no savings whatsoever. The three most common unexpected costs were: car repairs, medical bills, and technology that needed urgent repair or replacement. Worryingly, many of us would either have to get into debt or increase our debt if we were hit by unexpected bills. And, unless you can rely on family or friends, getting hold of a decent chunk of cash fast will cost you. So it’s better to be prepared in case of an emergency.
Here are two ways to make sure you have money on hand for a rainy day.
Find out how to teach your kids about money...
How often have you told your kids that “Money doesn’t grow on trees”?
Your parents told you this every time you asked for extra pocket money, their parents did the same and now you find yourself yelling it at every request for money.
Most parents are worried about whether the next generation will be able to manage their own money. Many think it will be easier for their children to get into debt than it was for them, and some believe their children will be less able to handle money than they are.
1. Get organised
Gather together all your paperwork
If you’ve been sensible, all of your paperwork will be neatly filed
Remortgage / Debt Consolidation Simple Steps to Remortgage/Debt Consolidation Make contact with us We will show you how much you can save. We will arrange your paperwork, valuation etc and track your application online We will arrange your mortgage protection and home insurance at the most competitive premium Solicitor will arrange the cheque and
Equity release / Top Up Mortgage If you’re planning some home improvements then a top-up mortgage could be the solution for you. Whether it’s a new kitchen, bathroom or extending to get a little more room our mortgage advisors are available to help you today. How does it work? The amount you can borrow is
Permanent Health Insurance An Income Protection policy is a simple, tax efficient & inexpensive plan that provides you with a source of income if you are unfortunate enough to be out of work and suffer a loss of earnings as a result of a illness, disability, an injury or an accident If you were unable