finance
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Thinking About Your Child’s Future
Having a child is a minefield when it comes to finances. Not only do you have to think about all the things they need whilst growing up, but now, more and more, people are thinking about their children’s future, whether they will want to go to university, need help towards buying a car, paying for their wedding day or need help towards the cost of buying their first home. The truth is that our children face more debt than ever when it comes to these life steps, and will probably need a bigger helping hand than we did. Yet a surprisingly low number of people (less than 45%) surveyed by Shepherds…
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The Busy Mom’s Interview Guide: Essential Questions To Ask A Financial Advisor
People with very busy lives are most likely unable to sit down and strategize over the most important life decisions they are faced with, such as those that determine one’s long term finances. A conversation with a financial advisor can help one get a better perspective, build self-assurance as well as know how to handle things but that is only if proper questions are put forward. Mothers coping with a career, a family and planning ahead quite often require support to make things real and one should start where they should when it comes to knowing what to look for during the first session with a professional. Understanding Personal Goals…
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Protecting Your Young Family Financially
I genuinely believe that people’s thoughts and feelings on their finances become far more important after the birth of their first child. Before then, particularly if you are single, it seems like it is fine to live today and save tomorrow, and all those ideas of putting something aside for a rainy day are just that, ideas of something that you can put off until tomorrow. But when you have a child, your outlook changes, because now there is someone else who is reliant on you for everything, and this can often have you looking towards the future. A custodial Roth IRA One way to save money for your children’s…
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Why We Make Poor Financial Decisions
We make bad financial decisions more commonly than we’d like to admit, whether by impulsively purchasing things that we don’t need, unnecessarily borrowing money, or ignoring the set budget that we’ve created for ourselves. Despite the existence of affordable financial tools and options such as low-interest payday loans, government-backed grants, and budgeting apps that help manage expenses, many people still find themselves struggling with debt, a lack of funds, or an empty savings account. Why do these issues remain such a common challenge? In this article, we’ll be explaining the psychological, social, and monetary factors that contribute to poor financial decisions and how you can avoid making the same mistakes…
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Sorting Your Finances For Spring
Spring is the perfect time to sort out every area of your life. It is a new season, and so can therefore be seen as a new start. Your home (many people look to move house at this time of the year), your garden, your wardrobe, and especially your finances can be looked at in detail, to see what you can sort, what you can change and what you can save. With the cost of living continuing to rise, household bills going up, and food inflation showing no real signs of ever stopping, sorting your money, your debt, and your savings becomes increasingly important. Here are some ways to sort…
