Financial Advice Clinic

You might have noticed that I like sharing our money saving tips and making our pennies stretch as much as possible. I have recently shared My Top 5 Thrifty Tips and also My Top 30 Money Saving Tips. I am always looking for new ways to make our money go further, but what if our monthly income suddenly stopped?

There is a Live Financial Advice Clinic video, Parent Talk on studiotalk.tv that discusses how to cope and survive if your monthly income stopped.

Trying to manage household finances is a minefield. Once you’ve paid rent or mortgage, utility bills, done a food shop, paid for travel, not to mention saved a bit for your social life, it’s not hard to see how it is very easy to spend and live beyond your means.

However, by taking some time to take stock of your finances and create a budget, you can ensure that neither you nor your family overspends and can still put in place a financial safety net. After all, businesses look at their quarterly spending so there are no reasons why you shouldn’t do the same.

Having to make cutbacks and personal sacrifices can seem like the only option, but with a bit of clever planning you can be prepared for all eventualities.

Independent Financial Adviser, Peter Chadborn joined by Roger Edwards, from protection insurance company Bright Grey, who offered clear information on making sure you and your family are protected for the future – whatever the economic situation. In the video below, they covered various scenarios around maintaining your family’s lifestyle and surviving financially if you or your other half lost their income, life or were critically ill.

For more information, please visit www.brightgrey.com