Tax Year End Resolutions
Posted March 10th, 2010
Once again the time of year is upon us when it is commonplace to take stock of various aspects of our lives and make resolutions for the year ahead. The problem is, too few people extend this to include their finances – and yet that is arguably one of the most important areas to review to ensure you are truly getting the best bang for your buck.
So, we’ve put together the top four financial resolutions for you to considering as you look forward to 2010.
Resolution 1: Set clear goals
It is imperative to set clear and concise financial goals. Be specific and include actual figures and measurements. I’m sure you’ve heard this many times before, but sometimes the old ones are the best ones.
Resolution 2: Address your debts
Make a list of your debts and arrange them by interest rate. Prioritise paying off those with the highest rate and pay them off first before you start to save. It can be counterproductive to save when your debts are incurring higher interest than any savings might accrue.
Resolution 3: Build your savings
Once your debts are clear, set up a savings plan to ensure you make the most of the money you are putting away. We can help you build a bespoke programme that will ensure you maximise your opportunities with ISAs, pensions and the right investments.
Resolution 4: Time to remortgage?
With a new year and an improving economic situation – albeit slow! – if your mortgage is up for renewal this year, you find you can save money by shopping around rather than simply reverting to the standard rate. Speak to us and we can take a look for the best deals.
Further information
The tax year end is a great time to review every aspect of life and start thinking about how you can improve them. Therefore, if you would like to discuss any of your financial matters in more detail, please do not hesitate to give us a call on 01204 663904.