Risk vs’ Reward
RISK V’S REWARD We all have different attitudes toward investing risk. Think about how comfortable you are with the possibility of losing money, what your timeframes are and how you emotionally deal with volatile returns. Your attitude to risk can influence your investment strategy as much as your financial circumstances. This is a decision that is very specific to you but it is an important one as you want to able to sleep at night. […]Read More
Zurich Study reveals lack of pension knowledge
Zurich Life carried out a pension survey last year in order to demonstrate just how informed people were on pensions and to see what effect lack of information was having on people’s decision to start a pension and plan for their retirement. The full article and stats can be found HERE and below are some of the key findings from the survey 48% spent less than 5 hours researching pension products 40% were not well […]Read More
Over half of parents not prepared for college costs
Do you have a child entering third level education this year or in coming years? Are you prepared for college costs? According to Aviva’s Cost of Education Report just under half of parents (49%) say they have made no financial preparations to meet the cost of putting their children through third level education. On average, parents expect to pay out €5,122 a year to send a child to a third level college or university. If the […]Read More
Teaching your children about money
Teaching your children about money will help them pick up good habits for the future. We have pulled together some helpful steps so you can show your children how to make smart money decisions:
Step 1- Keep it fun
A great way to help children get started is to have three jars with the following labels:Read More
Ex-smokers reap rewards
Figures show the Cost of Smoking Hits Hard on cost of Insurance Products but ex-smokers who have quit for over a year could be set to reap savings
While some people will already have broken their New Year’s resolutions, others will be celebrating the first anniversary of the success of their 2015 achievements. None more so than those who embarked on their journey to kick the smoking habit last January 2015. Protection experts at Royal London say that there may be hundreds if not thousands of ex-smokers who gave up the habit as part of a New Year resolution last year, and that these people may yet be able to reap further benefits on the back of their accomplishment.Read More
How to be prepared for a financial emergency
If you don't have enough savings to fall back on, you should take action now to protect yourself from an unexpected bill.
A third of us are living on the financial edge with no savings whatsoever. The three most common unexpected costs were: car repairs, medical bills, and technology that needed urgent repair or replacement. Worryingly, many of us would either have to get into debt or increase our debt if we were hit by unexpected bills. And, unless you can rely on family or friends, getting hold of a decent chunk of cash fast will cost you. So it’s better to be prepared in case of an emergency.
Here are two ways to make sure you have money on hand for a rainy day.Read More
Who needs life insurance?
We don't need as much life insurance as life insurers would like to sell us! You don't want to buy insurance you don't need. Here's how to figure out whether you need it and how much you need.
To avoid buying life insurance you don't need, ask yourself a simple question:
If I die, will my family or loved ones miss my income or financial support?
That's the key question for most of us. If you can't think of anyone that you care about who depends on you financially or for other support (e.g. in the home), life insurance isn't for you.Read More
1. Setting a savings target right at the beginning will give you something to aim for and a better
chance of achieving your goal. But make sure your target is realistic. Not too much, but more importantly not too little.
2. You should try to build up a savings pot of at least three months' salary, so you'll have enough moneyRead More
Money tips don’t grow on trees: 6 alternative money tips to teach kids
Find out how to teach your kids about money...
How often have you told your kids that “Money doesn’t grow on trees”?
Your parents told you this every time you asked for extra pocket money, their parents did the same and now you find yourself yelling it at every request for money.
Most parents are worried about whether the next generation will be able to manage their own money. Many think it will be easier for their children to get into debt than it was for them, and some believe their children will be less able to handle money than they are.Read More