Get Prepared For Financial Tough Times

Get Prepared For Financial Tough Times

According to research from Prudential, more than half of Britons rank personal finance as the thing they are most concerned about but they are still not adequately prepared for difficult times.  The survey showed 85 per cent of people worry most about paying bills and 52 per cent considered their “financial situation” generally to be their biggest concern.  But despite widespread awareness of the significance of financial planning the research showed a shortfall in preparedness for crises.

The survey also revealed that one-third of people had no idea how much money they would need to live if they were forced to stop working and fewer than one in 10 had any form of insurance.  

Our view

Many people just do not take their money seriously and do not engage the services of a professional financial planner or adviser for fear that they will be sold and insurance policy.  Sadly, this is the truth.

To fix your money, much in the same way as you fix your car, you need to service is regularly.  Take a look at our Money MOT.

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