Investing time in financial planning

Whatever stage of life you are at it is always an option to talk to Independent Financial Advisors like Enable to help you feel in charge of your financial situation.  Customers often report that having a plan at least puts their mind at rest even though we all know that the world changes around us at an ever increasing rate.

One of the areas our IFA’s at Enable of Bishops Stortford have notices is attitudes and approaches to inheritance.  For most people inheritance will be inextricably linked with property ownership. As The Smith Institute pointed out: “Many homeowners still want to pass down the equity in their homes to children rather than releasing it to spend on things such as home improvements.” But as life expectancy and the cost of living both go up it might become harder and harder to not to use any of the money tied up in property.

“However, attitudes seem to be shifting with the younger generations more likely to see housing equity as an investment for retirement.” says The Smith Institute and Enables IFAs can see that reflected in peoples financial planning. The younger generation are being forced to shoulder more financial responsibility for later life, in particular with respect to income and care needs. If the state continues to withdraw its support for later years the younger generation really need to see the benefits of investing time in financial planning.  Enable’s IFA’s in Bishop’s Stortford are happy to help you plan whatever your age.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE.

Why start Life Planning early?

Enable, IFA's in Bishop's Stortford realise why it is important to start Life Planning when you are young, as it will give you more choices later on. By thinking about Life Planning early will help you to focus on making financial changes where you can to enable you to achieve what you would like to in your life, whether it’s saving up to buy a nice car, buying a home or a second home, or what ever you want to achieve. That’s the great thing about Life Planning it’s flexible and it can grow and change with your needs.

When looking at Life Planning Enable can look at the small changes you could make to your life style now. Here are some examples of some of the things we will cover during our life plan:

• Cutting down on expenses - By buying a free sat box, you could save yourself over £180, after your initial investment in the first year and then £240 from there after, over 20 years that would give you an extra £4,800.

• Reducing and combining your utility supplier could also save you thousands over several years.

• If you have a goal in mind we can help you with investments and savings to enable you to achieve this goal.

• Getting yourself through University with the least amount of debt at the end of your studying, or putting in place a plan to enable you to pay back the debt in the best possible way to meet your lifestyle.

We will help you to get into good habits early on, which will make the difference to how much money you and life choices later on.

For an initial consultation, please call one of our IFA’s in Bishop’s Stortford, and we will be able to offer you advice on every aspect of your life planning.

Life planning – is a flexible approach to financial planning

Enable, IFA's in Bishop's Stortford are aware that since the recession of 2008-2009, most of us are now considering working forever, rather than life planning which can help you to achieve what you want to have or do in life, but it doesn’t have to be this way.

Life planning offers a flexible approach, unlike traditional financial planning it helps you to save for things you really want or want to achieve, and with a bit of planning might be more possible than you think. 

Traditional Financial Planning was about figures and money, only taking into consideration how much you earn, to work out how to maintain a desired lifestyle. This then enabled Financial Planners to produce a plan that would help you reach that magic number that would allow you to retire.

However life planning will help you to achieve what you would like to do, whether it’s starting a new career path or paying for your children’s university, Enable IFA’s will help you to make a flexible life plan. A plan that will grow and adapt to your changing needs as you go through life. If you would like more information on how you can create your life plan, then give one of our specialist IFA’s in Bishop’s Stortford a call on 01279 755950.

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Why it's important to start your life planning early on?