On the 12 Days of Christmas my financial adviser said to me….
On the first day of Christmas, my adviser said to me… Have a financial plan… What are your goals in life? Once you know these we can help you put in place a plan to get you there. Find out how to create a financial plan.
On the second day of Christmas, my adviser said to me… Protect your biggest asset – YOU!… We all too often insure things like our car, our mobile phone or overseas trip but we forget to insure our biggest asset – US! Ensure you have the right insurance in place in the event of death or critical illness or loss of income. Try our Life Insurance Calculator.
On the third day of Christmas, my adviser said to me… Pay off expensive debt… Prioritise paying off expensive debt like credit cards. The longer you take paying this debt off, the more you end up paying in interest when you could be making it work harder for you via investments.
On the fourth day of Christmas, my adviser said to me… Review your mortgage… Find out if your mortgage is still appropriate for your needs. Is overpaying your mortgage the right decision for you? Find out from one of our Independent Mortgage Advisers. Get mortgage advice.
On the fifth day of Christmas, my adviser said to me… Invest early and diversify… The earlier you start, the longer you have for your money to grow and you will benefit from compounding – where your returns are reinvested and earn their own returns. Diversification is key to managing risk. By spreading your money across investments, asset classes and geography, you hope to offset any losses with gains made elsewhere.
On the sixth day of Christmas, my adviser said to me… Have an emergency fund… Make sure you have saved 3-6 months of your outgoings before you start investing, keeping it easily accessible in a savings account in case of an emergency. Your rainy day fund!
On the seventh day of Christmas, my adviser said to me… Review your pension(s)… Are you making the most of your pensions? By the time we have been working for a decade or two it’s not uncommon to have accumulated multiple pension plans. Our independent advisers will review what you have and advise whether you would benefit from bringing them together in one place. Find out more.
On the eighth day of Christmas, my adviser said to me… Have a Will… An essential part of financial planning to ensure that your loved ones receive your assets on death. Read our top tips on making a Will.
On the ninth day of Christmas, my adviser said to me… Consider a Lasting Power of Attorney (LPA)… It’s hard to imagine that you would ever lose the ability to manage your own affairs, but mental and physical incapacity can happen to anyone at any time. In England and Wales a Lasting Power of Attorney (LPA) is a legal document that allows you to appoint one or more people to make decisions on your behalf during your lifetime. Read our Guide to Lasting Powers of Attorney.
On the tenth day of Christmas, my adviser said to me… Live within your means… Without a budget to monitor your spending, you won’t be able to track where your money is going. Your budget will make sure that your money is doing what you’re telling it to do and that you are living within your means. Download our guide to getting your finances in order.
On the eleventh day of Christmas, my adviser said to me… Trust our experts… Trust our Independent Financial and Mortgage Advisers to help you sort out your finances. You can read what our clients say about our award winning advice.
On the twelfth day of Christmas, my adviser said to me… Enjoy Life!... It’s always easier to make sacrifices when it’s for something you love, and this is the case for investing. So focus on enjoying life and creating memories with the people most important to you!
