Organising your finances isn’t the most exciting job, but it can potentially make you considerable savings providing you with more money to enjoy yourself . The Financial Times has recently published an article, Ten tips to organising your finances, helping you, to get your finances ship, shape and shiny.
Get Life Insurance Cover Suitable for YOU!
Make sure your life insurance cover is tailored as well as it can be to your situation. You could save yourself a small fortune, by simply revising your life insurance cover. For example, if you have given up smoking for more than 12 months, you could save up to 50%, by simply looking to other providers. Being an independent advisor, Drewberry insurance, can help you, find the cheapest, and most suitable cover.
Dig Deep and You May Well Be Surprised What You Uncover
We are all guilty of putting things away, and letting them collect dust. But you could be sitting on buried treasure. Uncover old paperwork that’s been forgotten, you never know what you might find. You may stumble across old policies that have matured, bank or building society passbooks or even shares certificates worth a fortune. So go on roll up your sleeves and get digging.
Revise Mortgage Payments
Potentially save yourself thousands, by simply researching the best mortgage payments. the average fixed rate mortgage is 5% and the average tracker deal is 3.71%, according to the financial information provider, Moneyfacts. If you want to find the best deal for your mortgage payments and you need some direction we can put you in contact with one of our partners who specialise in mortgages.
Review Your Finances
It always important to know what is happening with your finances, especially if your circumstances have changed. By talking to an independent financial advisor, you can set your self personal and financial goals.
Make or Amend Your Will
Ensure your loved ones are looked after if the worst should happen. Too often people fail to make a will, and decisions regarding assets are past onto the law. If you want your finances and belongings to be left in the right hands, make sure you make or update your will.
List a Lasting Power of Attorney
If, in the unfortunate case you become incapable of making decisions for yourself, you want to know that someone with your best interests at heart, will make them for you. It is therefore, very important that you name a lasting power of attorney. If you lose your mental capacity, and have no lasting power of attorney family and friends will find themselves in the lengthy process of applying for one through the court of protection.
Be Organised With Your Finances
Filing is not the most exciting job, however it could save you a lot of time in the future. If you know where all your financial documents are, you can keep up to date and on top of your finances with a lot less stress.
Search For a Bargain Online
Look for the best deals online. The internet provides us with an easy way to compare different deals, so when looking for your insurance, whether it is life cover for your mortgage or home or buildings insurance we will review all the leading insurers to ensure you are getting the most competitive rates. Don’t forget, you can also save money on your shopping, whether its a holiday away or a new pair of sunglasses, just be picky and look around.
Save While You Spend Abroad
Choose a bank account that allows you to use your credit or debit card abroad, without incurring any charges. A little bit of research into which banks offer the best deals can prevent you from spending money unnecessarily.
Review Your Gas and Electricity Deals
Take the time to look for the best gas and electric deals. You can save money by switching to a dual fuel account, which combines your gas and electric into one account.
Keeping Things in Order
Whatever you are saving for or paying off it is so important to ensure you are getting the best deals on your finances. Keeping your finances in order and always being on the lookout for the best deals can remove a lot of unnecessary stress ones finances can cause.
