Your New Year Finance Review

Kate wins Chartered Financial Planner of the Year 2016
December 14, 2016
Married Tax Allowance
January 25, 2017

Your New Year Finance Review

January can be a difficult time of year in terms of cashflow.
The bills come in after Christmas and even if you have budgeted for the festive season you may still find yourself short of money.

The new year for a lot of people is a great chance to review finances and see where you can save money. There are the obvious ways such as making your own lunch, cutting back on going out, not buying your daily coffee etc but often the bigger expenses are over looked.

Mortgage review

2016 was on the whole a good year for those taking out a mortgage or remortgaging. As the interest rate fell buyers were able to borrow money at a favourable rate and some fixed that rate it for five years.

We often find that people who come to us have been on a variable rate for a number of years and haven’t got round to changing it, but by fixing your mortgage at the current interest rate you can budget for the coming years knowing that your mortgage payment remains the same.

A good year last year unfortunately means that interest rates are bound to increase in 2017 so now is a great time to fix your rate. Speak to your adviser for more information or if your mortgage renewal date is coming up.

Life insurance

You may already have life insurance and critical illness cover but did you know that some providers offer great rewards whilst protecting you and your family?

The new year often brings a wave of people getting fit and losing weight and some providers offer great rewards for doing just that!

Talk to us about switching your life insurance and you could get cinema tickets or even free coffee just by tracking your steps!

Savings

It hasn’t been great news for savers of late. Savers are not seeing much return on their investments. Interest rates look set to rise albeit it slowly in 2017, so why not think about paying off some of your mortgage instead. There are many ways to help you money work harder for you and we can help find the solutions.

Budget

And finally once you have made the changes write them down!
Putting a budget in place will really help you keep track of your money, even if it is as simple as ‘income’ and ‘outgoings’ so you know how much surplus you may have a month.
It doesn’t have to be complicated, just a simple spreadsheet will do.

If you have any queries or questions on how you can improve your financial situation or if you are thinking of moving this year or making a change, call our office and make an appointment to speak to one of our advisers.
Initial consultations are free of charge.

14 Comments

  1. Woah! I’m really digging the template/theme of this blog. It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between usability and appearance. I must say you’ve done a superb job with this. Also, the blog loads very quick for me on Safari. Superb Blog!

  2. home page says:

    hello there and thank you for your information – I have certainly picked up anything new from right here. I did however expertise some technical issues using this web site, since I experienced to reload the web site a lot of times previous to I could get it to load properly. I had been wondering if your hosting is OK? Not that I’m complaining, but slow loading instances times will very frequently affect your placement in google and can damage your high-quality score if advertising and marketing with Adwords. Well I am adding this RSS to my email and could look out for a lot more of your respective exciting content. Make sure you update this again very soon.

  3. I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get got an impatience over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this hike.

  4. lace frontal says:

    lace frontal https://www.youtube.com/watch?v=ny8rUpI_98I Bon attouchement en compagnie de ce vendeur, excellent produit.

  5. Hello there! I know this is kinda off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one? Thanks a lot!

  6. Very good info. Lucky me I found your blog by chance (stumbleupon). I’ve book-marked it for later!

  7. myblog says:

    Quality posts is the important to invite the people to pay a quick visit the website, that’s what this web site is providing.

  8. I visited several blogs except the audio quality for audio songs present at this website is actually fabulous.

  9. myblog says:

    WOW just what I was looking for. Came here by searching for %keyword%

  10. Hello, after reading this amazing article i am also cheerful to share my know-how here with colleagues.

  11. adult onesie says:

    It’s the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you some interesting things or suggestions. Perhaps you can write next articles referring to this article. I wish to read even more things about it!

  12. mink lashes says:

    It’s impressive that you are getting ideas from this piece of writing as well as from our dialogue made at this place.

  13. I really like reading an article that will make men and women think. Also, thank you for allowing me to comment!

  14. home page says:

    I really like it when folks get together and share opinions. Great blog, continue the good work!

Leave a Reply

Your email address will not be published.