Welcome to the September/October edition of E-Smart Money, our periodic magazine offfering help with planning your finances.
We’ve previously noted that this year inflation has roared back into the popular consciousness, and into shops, in a way we’ve not seen for a generation. This issue we look a the inevitable impact of high inflation, when wages don’t keep pace, the cost of living crisis that is sweeping across the UK.
Most of our clients are lucky enough not to be worrying about paying the heating bills, but some are experiencing the uncomfortable reality that their money isn’t going as far as it did, and some planning has to be deferred. Whether it’s putting off retirement, taking a part time job, or looking to the elder generation to help out (yes, we’re now seeing people talking about the bank of Grandad and Granny!) belts are being tightened, and plans are changing to make money go further,
Obviously it isn’t all doom and gloom, and many clients are still in a great position, but everyone benefits from having a plan, and it’s never too early to plan ahead. We look at the beenfits of revisiting plans, even when everything is on track.
If we can help, or you have any questions, or would like to chat about your finances, we would, as always, only be too happy to hear from you.