Managing your finances isn’t always easy. Sometimes it’s useful to pay for help – whether it’s simply to get some advice or take over certain financially complex tasks. Below are just a few instances when almost everyone can benefit from hiring a professional for help with your finances. When you need help doing your taxes If you have any type of self-employed income, it’s up to you to work out exactly how much tax you owe on this income. Some startups and side hustles can be financially complex. Just how much are you truly allowed to claim on expenses? And…
-
-
Everyone wants to buy a house at some point or another. It gives them a lot more security in their life, and it can be one of the best purchases you ever make. That doesn’t mean actually buying a home is easy, though. It takes a lot of time and effort, and that doesn’t just mean getting your finances in order. You’ll need to find the perfect property to buy, figure out negotiations, and more more. This can often take a lot more work than many people assume. It’s easy to see why so many people feel a little overwhelmed…
-
When you prepare your estate finances for your kids can sometimes feel challenging. Where are you even supposed to start? Fortunately, that’s what we cover in this post. It looks at some of the methods and techniques you can use to prepare everything for your children so that when they grow up or you pass on, they have the resources they need to live fantastic lives. Update Your Will The first place to start is to update your will. You want to ensure that you have instructions in place that make sense for your current financial situation (and their position). …
-
Many of us are familiar with the scenario of savings account balances dwindling. Living costs have risen sharply and it’s increasingly difficult to get from one payday to the next, let alone put money aside. If your disposable income has dropped and your savings are running out, here are some steps you can take today to improve your financial situation. Take Stock of Your Finances The best place to start when reviewing your finances is to take stock of your situation. Check all your account balances, note down outstanding debts and details of repayment plans and installments, and calculate how…
-
As much as you might think that kids don’t cost that much in life, it’s quite the opposite. The average cost for a child over the eighteen years or so they’re in your care is a whopping ÂŁ166,000. That’s not pocket money for most people, and therefore, how you manage your finances is important to ensure you don’t go bust. With that in mind, here are some helpful tips to manage your finances with kids so that you’re making conscious decisions with your finances that won’t break the bank – too much. Set yourself up with an efficient budget spreadsheet First…