Holding cash on deposit is a necessary part of the financial planning process. There are always unexpected twists and turns that life throws at us, so the general rule of thumb is to have two to three months’ living expenses saved in an instant access account, just in case. However, cash is definitely not king
The average age for a UK adult to become a parent is 29.8 years old. By this point, most people should have at least a basic understanding of how to look after their finances. They should be contributing to a pension. Some will be diligently saving into ISAs in the hope of becoming an “ISA
Finances play a critical role in life throughout. Many decisions are dictated by the state of our finances, so having good financial planning is one of the most effective tools in achieving the life that you truly want. As we go through life our lifestyles and priorities shift and so do our financial planning requirements.
Inheritances can provide a real springboard for future generations. They can give much-needed capital to buy property, start businesses, or just assist in improving day to day living. However, it requires specific strategies to be in place to maximise and maintain these funds through the generations. This article looks at the way parents can ensure
This year is definitely like no other – for all the wrong reasons. But this period of isolation is giving us the time and space to organise ourselves. It is also a time for contemplation. As we enter another three weeks of lockdown, people are starting to focus on what we are gaining by being
Children are expensive. It’s not a secret and never has been, with the average child costing nearly £250,000 from birth to their 18th birthday. Their wants and needs are satisfied more inexpensively when young. But when they get to their late teens and early twenties those ‘must-haves’ – the first car, the University education and
Nothing tends to focus the mind like a pandemic. It puts everything in perspective, and suddenly makes you wonder whether your existing estate planning arrangements are as effective as you originally thought they were? All in all, a review is in order. So, what should you be looking out for? These are the main areas
Behavioural finance is the study of how human behaviour, driven by emotions and sentiment as much as rational decision-making, affects how we act in relation to our investments and financial decisions. Whilst there is clearly underlying rationality to financial markets and how assets are priced, the human element must be considered as part of this
Valentine’s Day is all about romance. Or, if you are more cynical, the commerce of romance. Buying flowers that are double the price they were last week, presents to show just how much you love someone – and the more you spend the more you love them. Apparently! Romance and attraction can only take you so
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