Budgeting & Financial habits

The general financial uncertainty created by the COVID-19 pandemic has resulted in over a third (37%) of UK savers acknowledging they’re under-prepared for a financial emergency and have started to build a rainy day fund. Bigger financial cushion However, while many admitted their need to build a bigger financial cushion, the findings highlighted wide geographical differences across the UK. In…

How to get your finances in order to make more of your money. Do you feel like your financial life has been turned upside down during the coronavirus (COVID-19) pandemic? Or, has the start of the new year focused you on getting your finances in order to make more of your money? Whatever the answer is, it’s important to adopt…

How Will You ‘Slice up Your Wealth Pie’? There is no easy way to say it – anticipating one’s death is an uncomfortable topic. Yet it is often worth pushing past the initial discomfort to pursue the potential rewards of effective wealth transfer planning. There are three places your assets can go at your death: to your family and friends,…

10 steps to help you build a better financial future In these uncertain times, it can help to focus on the things you can control. Working out what your money’s doing for you now and where it might come from in the future can give you real peace of mind. As another year rapidly draws to a close many of…

Giving up on cash altogether, disillusioned by today’s dismal savings rates The number of people in their 20s and early 30s choosing to invest in a Stocks & Shares Individual Savings Account (ISA) prior to the coronavirus pandemic outbreak increased according to the latest HM Revenue & Customs annual ISA data. Research shows that Generation Z and Millennials are now…

How people’s physical health and financial well-being are being affected Needless to say, coronavirus (COVID-19) has had, and will continue to have, a major impact on our lives. It is not just impacting on people’s physical health but also their financial well-being. Research highlights how the finances of the UK’s households have been affected by the coronavirus outbreak. Given the…

Don’t get distracted from staying focused on your investment goals Investment market swings can be unnerving, but they shouldn’t distract you from staying focused on your financial goals. Periods of market volatility, like whose we’ve seen over recent months, will undoubtedly be unsettling times for most investors. The risks of incurring losses can make holding investments difficult to bear, with…

It is becoming uncomfortably clear that while not everyone has been physically affected by coronavirus (COVID-19), every single one of us will be impacted financially. During the pandemic, savings and investments have been volatile, as have wages and jobs. As a result, the virus has affected the majority of people’s savings habits according to new research. 6 in 10 savers…

Reading time: 3 minutes > A new UK-wide strategy to transform the country’s financial well-being in a decade has been launched by the Money and Pensions Service (MaPS) under its government mandate. The UK Strategy for Financial Well-being sets out a ten-year vision to improve millions of lives and includes five priority areas to help people make the most of…