Answer Eight

Retirement Planning

No matter what stage of life you are at, it’s worth considering your retirement plan and what you need to do to get to a point where you no longer need to work to live. There are many things that may prevent you from working in the future including illness, caring duties or even a change of priorities.

Retirement may have negative connotations for some people, but really it is simply the point at which you are able to live off passive income rather than having to work for income.

Being able to live a future on your own terms, is a life stage we should all aim to get to. Plus, once you have ‘retired’ if you do decide to continue working, you know you are doing so by choice and not due to financial pressures.

Cash Savings

Save it for a rainy day!

We all know how important it is to have cash on hand to help with small emergencies such as replacing a broken washing machine, medical treatments, or unexpected home repairs.

We can work with you to discuss your personal circumstances and recommend an amount of cash to keep in reserve for those rainy days.

Cashflow And Budgeting

You are likely at a stage in life where your capacity to save has increased. This could be due to a combination of expenses decreasing due to children leaving home, or hitting your salary peak.

This can be an exciting chance to capitalise on this surplus and save for the future – and that doesn’t have to mean that you can’t also spend now to invest in your current experience.

By planning out what you want to achieve, you can not only achieve purpose with your spending, but can also ensure you stay in control of your financial situation when the temptation to spend big grows.

With budgeting, the first step is always to map out your essential spending to see how much you have left for discretionary spending. Once you know exactly how much money you may have left to spend on things such as holidays or dining out, you have all the power and information to make critical decisions that align with not only your personal goals but your financial goals too.

Book an appointment

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