KEEP CALM AND CARRY ON

Political uncertainties tend to shake confidence in a country. As the value of money and successful trade rely on confidence, this is non-optimum. While hoping that the current matters are resolved quickly, most of us will be limited as regards what we can do personally to affect the outcome. Personal financial basics, however, do not change even in such an environment. The first essential is to ensure that you have more money coming in than you are spending (taking into account ALL of your outgoings). A second one would be to ensure money is set aside as reserves for future disasters or emergencies. It does take a bit of organising to achieve this state which the famous author, Charles Dickens, had one of his characters (Mr Micawber) describe as a state of “Happiness” as compared to the state of “Misery” if one is overspending.

PENSION OPTIONS

If you have pensions and need advice about your options, do give us a ring. There are a number of points to consider.

KEEPING YOUR RESIDENTIAL MORTGAGE RATE COMPETITIVE

Do review your mortgage rate regularly. If you are on the SVR (Standard Variable Rate), a simple telephone call to your lender might get you a considerably better deal and save you hundreds of pounds.