Finances are important to everyone, although we don’t often like to think or talk about them! When reading through our Top 10 Tips, think about which ones you need to change, or how many are you spot on with? Hopefully there will be something that we talk about here that will help you.finances top tips

  1. If someone wrote you a cheque for 5 times your salary, take a minute to list 5 things, in order of priority, that you would spend the money on. Take a moment to think about what you really want from your money!
  2. Complete a budget planner. The best way to do this is to print off three months’ worth of bank statements and put everything into a category. For example; the dog walker, the window cleaner, coffee shop visits, etc. By going over the last three months and listing what you’ve spent, you can add up the total in each category over three months and divide it by three, giving you a monthly average. This average figure should be listed on your budget planner as an outgoing. Download our free budget planner here.
  3. Based on what you are actually spending your money on, what are your main priorities? How do these relate to point 1 above?
  4. Re-mortgaging every two years is something of the past and a lot less common. Every time you re-mortgage you may have to pay a product fee. Check with your existing lender what deals they can offer you, and then contact us for independent advice.
  5. Overpayment and offset mortgages can save clients lots of interest long term, but often your existing mortgage has facilities already in place. Ask your existing lender if you can make overpayments, how much can you overpay by, when the overpayment is taken into account and consider how the overpayment affects your account. It could be that you are able to reduce the term of your mortgage or the amount that you owe. A mortgage is the biggest financial commitment you’ll ever invest in, so it’s important to get it right.
  6. Online comparison sites will not give you any financial advice on insurance policies. Ensure that you shop around and look at the detail. For example, we often find that clients have existing policies in place that they are paying for each month, but they do not know what they are for or what’s included! Look at last month’s bank statement and cross-reference your direct debits.
  7. Dig out all of your insurance statements and keep them all together in one place. Write on the front of each statement what they are for (i.e. Life cover – lump sum and clear mortgage), make a copy and put them with a copy of your Will. This will save your loved ones time if the worst should happen.
  8. If you have children under the age of 18 and you have a Will in place, check that guardianship was set up within that Will. This will ensure your children are taken care of by the people you wish to look after them and avoid any confusion. This is also something that we can help you with, so please feel free to contact us for a chat.
  9. If you have life policies, are these in trust? It may be appropriate and provide your family with tax benefits and assist them in the getting their money quicker.
  10. Check when your annually reviewable policies are up for renewal so you don’t rush at the last minute and end up just renewing with your existing company. Let us know and we’ll diarise it for you and do the research for you when the time is right.

If you would like further advice around your finances, or help with any of the above points, then why not get in touch with us, and one of our friendly advisors will be happy to help. You can call us on 0330 3322 614 (local rate) or email us at

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