More than a quarter of people feel anxious about money, according to research from the Money and Pension Service (MAPS). People that have recently experienced poor mental health are more likely to worry about finances, which in turn can further harm their wellbeing. The research highlights the link between mental health and feeling in control of finances. As financial security can affect many other aspects of your life, from your ability to...

Financial planning is about much more than simply growing your wealth. Not only can it reduce financial worry, but it can help you achieve long-term goals, reduce stress levels, and increase your mental wellbeing. Perhaps you feel like you don’t have enough time to spend with those you love? Or maybe you’re striving for early retirement but you’re not sure how to get there? Financial planning exists to guide you through these issues with...

Millions of people are missing out on financial advice that could help them reach their goals because of misconceptions, research finds. Speaking to a financial planner can help you organise your finances, understand the impact of your decisions, and make sure you’re on track to reach future goals. According to Royal London, 9.4 million people in the UK choose not to look for a financial adviser despite being open to the idea of advice. While...

In the first nine months of 2020, there were 464,437 new babies welcomed across the UK, according to the Office for National Statistics. That’s more than one baby every minute! If you’re among these new parents, or know someone that is, you’ll know that there’s a lot to do – including taking some financial steps to protect your family. 1. Review your budget With a new baby, your day-to-day outgoings will change, so it’s worth reviewing...

The 2020/21 tax year hasn’t even finished yet, but it’s the perfect time to start thinking about the next 12 months. While this time of the year is often associated with using up allowances before the deadline, getting a head start on 2021/22 can be just as beneficial. The new tax year starts on April 6, with the weeks before the deadline often associated with making financial decisions to use up allowances. From moving money into an ISA, to...

Each November, Talk Money Week takes place. It aims to get the nation talking about managing money, from discussing pocket money with children to chatting about pensions. Money can be a taboo subject, even among families. But talking openly about money, financial goals and aspirations can help different generations make better decisions. Making talking about money part of your normal family routine beyond the awareness week can have far-reaching...