Spring clean your finances

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It’s March – the January blues have paled; the nights are drawing out and Spring is in the air!

What better way of entering the season of growth and bloom than making positive changes to your finances?

Here are some ideas to Spring clean your finances:

Budget

Are you spending more than you need to, or can afford?

Use your allowances

Spring coincides with the tax year end on 5th April, so this is your last chance to use your tax year allowances.

Simplify your affairs

Do you have cash accounts, investments and pensions with multiple providers? You can declutter by having less correspondence through your door or email inbox.

Before transferring investments and pensions, we recommend that you take financial advice, to make sure it is the right thing for you to do. In fact, that leads into our final suggestion….

Consult a financial adviser

You can carry out some of these ideas yourself but there’s no substitute for good quality independent financial advice. If you are thinking about looking for a financial adviser, my colleague Katrina’s blog highlights some questions to ask, and can be found here.

Neil Lindsay FPFS

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