What is Financial Planning? Here at Grange Financial Services our goals are to try and ’save you money’ by reducing your monthly mortgage costs whilst ‘protecting your family’ and ‘making your money work harder’.
Money and finances are part of everyday life. But we often open Savings Accounts, apply for Insurance/Assurance products or place money in Investments or Pensions without thinking all our options through.
We may, therefore, be able to ’save you money’ by recommending a new product or product provider to assist you in achieving your goals. For example:
- Your existing Mortgage and/or Protection products may be offered by an alternative provider at cheaper rates.
- We may be able to reduce your future tax liabilities by changing the way your contracts are currently arranged i.e. by using a tax efficient wrapper such as an ISA etc.
- Also, providers often offer the same or similar funds within their Pension and Investment contracts. The provider that offers the funds you require with the least charges can often be the best one for you.
Financial planning is the process of taking control of your finances and making your money work harder for you. As your life and the world around you change, your financial plans will need to adjust and adapt to suit your current needs. So you need to review your financial plans regularly. You should also review your “attitude to risk” to ensure your savings and investments are in the correct contracts and investment funds to meet your current attitudes.
Why is Financial Planning important? Financial planning helps you:
- Make the most of your money
- Sort out your priorities
- Work towards your long-term goals
- Find the right products to meet your needs
- Ensure your pensions, savings and investments are invested within the correct funds
- Be prepared for unexpected financial shocks, such as illness or losing your job
The process of financial planning should be ongoing, long-term and flexible and include the things you want to do in the future. You should regularly review your financial objectives to ensure your current contracts still meet your needs.
Whether you are looking for:
- The best return on your investments or a regular savings plan
- Planning for your retirement
- Family protection cover
- A mortgage or to save money on your existing mortgage
The most suitable product for you is certainly out there – why not contact us for a ‘Financial Health Check’.