Newspaper article The Journal (Newcastle, England)

A Little Time Could Be a Big Investment

Newspaper article The Journal (Newcastle, England)

A Little Time Could Be a Big Investment

Article excerpt

I know we're already well into January and, like me, you've had enough talk of New Year's resolutions to last a lifetime. But I'm urging you to make one more - take a fresh look at your financial future.

Millions of pounds are needlessly paid out each year by homeowners unaware that, with some sound independent advice, and a fresh look at their finances they could be considerably better off.

With constant talk of an impending increase in mortgage rates there's never been a better time to plan your future. It's important to approach your mortgage as just one piece of your holistic financial planning - a lot of emphasis is placed on rates and deals, whereas the overall picture of your circumstances, your aspirations and your future is far more important.

Many homeowners trundle along with repayments based on the standard variable, while not realising they could make big savings.

It's the same as buying a new car and finding exactly the same vehicle for a lot less at another garage. Homeowners may be rich or poor, just stepping on to the property ladder or approaching retirement, but they all have something in common - they all need to plan for the future.

Many people do not realise that they could be releasing useful capital in their property, while still paying less on a monthly basis.

Add to this a variety of investment schemes to suit your circumstances and you'll soon see how a little bit of planning goes a long, long way. What we're talking about essentially is a financial MoT. As people's circumstances change, quite often their financial plans do not.

While many people would not think twice about spending a couple of hours in the pub after work, they wouldn't even spend an hour discussing and organising their finances.

One of the most important investments you can make is time - ensuring you're getting the best information, the best deal, and one that suits your circumstances. …

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