Saving & Investing
Whether you’re planning for your new home, your dream wedding, college fees or simply for a rainy day, a sensible savings plan can make all the difference.
We advice on lots of different savings and investment options, depending on how you wish to save – and what you’re aiming for. Here are 4 easy steps to get yourself set up correctly.
Starting to save in 4 Easy ways to Steps
Create your savings fund in a few simple steps
Do you keep putting your plans to save on the long finger? Are you always waiting for the right time? Well, now is the perfect moment to start saving for something special, for a great future. It’s simple and hassle-free to find the right way to save or invest your money. Here’s our 4 easy steps
1. Set your goals
What are you planning to save for? Take some time to draw up a ‘wish list’ of the things or experiences you would like be able to afford. Now prioritise that list – you can’t do everything at once! Perhaps you’d like to buy a new car? Or maybe you’re planning the holiday of a lifetime? Saving for a ‘rainy day’ or your children’s education might be top of your list. The first goal should be your rainy day fund because there will always be that unexpected situation.
2. Plan your budget
The next step is to figure out your monthly budget. You need to decide how much money you’ll put aside each month to help you achieve your goals. Use this handy budget calculator to figure out how much you can realistically afford to save each month, along with your other outgoings.
3. Do the Maths
Whatever they are, it’s important to have clear goals to work towards. It’s also key to figure out how much it will cost to turn each goal into a reality. Do some research and find out roughly how much money you’ll need to save up. Perhaps you have a lump sum you wish to invest, that you can combine with your regular contributions.
4. Choose your savings plan
Next, you need to find the right home to grow your savings. We offer advice a great range of savings and investment products to suit all kinds of savers. We can even create a tailor-made plan to suit your needs. Then all you need to do is add to your savings each month – and soon you’ll be ticking off those wish-list items.
Once you’re clear on the reason why you’re saving and how long you wish to save for – we can help you select the saving plan to suit your needs.
The above if for information purposes only and does not constitute financial advice in anyway, we recommend that you speck with us before making any financial decisions. We recommend a holistic approach to financial planning and we can help you put your plans in place.
Why not give us a call and we will assess your existing arangements and confirm if it is good value for money or if a better alternative is available.