Getting financially organised is important, because clarity is power. When you know your numbers, your finances are not as complicated as you might think. Clarity gives you the enthusiasm to make better decisions and live the life you want to live.
Yesterday Mr. Hammond announced his budget and what caught the headlines was that he brought forward their manifesto promised to increase the personal allowance and higher rate band for income tax, but there was a little more to it, than the headlines.
If you followed my 100 days to Christmas article I wrote for the Sunday Mirror last month, you will see that one of the things I talk about is signing up to Cash Back websites around this time of year, if you haven’t already done so! It’s likely we will be making many purchases over…
In most cases, the answer to this question is more than you’re putting in now! The minimum that you should be putting aside for your retirement plans, if you’re free of unsecured debts like credit cards and loans, is 12.5% of your income.
The government have just launched a new savings scheme called “Help to Save”. It allows you to save upto £50 a month over four years (up to a maximum of £2,400) and receive a 50p bonus for every £1 you save. Find out more about the benefits on this scheme along with how you open an account.
In the US, the third Thursday every October is Get Smart About Credit Day, and we should piggyback on that here. It could be called Get Smart About Debt Day, because that’s exactly what credit is, it’s not our credit, it’s our DEBT. Whatever you want to call it, use the day to begin the process of climbing out of debt with my simple tips.
Parents helping out their children (and grandchildren) financially is a tricky topic because it’s so caught up in emotion and love that it’s not always easy to make sensible decisions. I have two kids and I love them dearly – but there’s a reason it tells you on the airplane safety briefing to put your own mask on first before you help your children. In the same way, financial support for your family is a case of secure yourself first.
A brand new ep of #TheCarlReaderShow is now up! This one is an interview with a really good mate @warrenshute.
We chat about #financialplanning, pocket money strategies and becoming financially free (without touching on interest rates and annuities!) https://t.co/IKUpkqCH2C
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