How long would your savings last?
A recent survey has found that the normal working person in the UK has around a month’s worth of savings to be able to sustain their current lifestyle should their income cease without notice. The data gathered from 2,000 people found that the average person’s savings would support them for…
Marshmallows and financial planning
The Stanford marshmallow experiment is one of the most well-known pieces of social science research out there. It has arguably affected the way that many people live their lives, as well as providing lots of fun and interest for those with young children who are in the ‘I’ll try this…
4 tips to make your finances less scary this Halloween
With October kicking into high gear, bringing with it fancy dress costumes, thicker coats and fiery-coloured leaves, have a read of our article with its All Hallows Eve theme. If left unchecked, your finances can enter into a scary state, so we’ve included some top tips on how to…
You have a financial plan, but do you have a financial plan b?
“The best laid schemes o’ mice an’ men, gang aft agley”. So said Robert Burns in his poem ‘To a Mouse’, lyrically summing up the idea that no matter how well we prepare, there are always factors beyond our control that can cause our ‘best laid’ plans to fall to…
Fall in love with your finances
We’ll be the first to admit that your personal finances aren’t the easiest thing to fall in love with. It can be easy to bury your head in the sand when it comes to both your investments and regular expenditure. There are a couple of reasons for this. Firstly, some…
The advantages of ‘running through the numbers’
George Horace Lorimer once said: “It’s good to have money and the things that money can buy, but it’s good too, to make sure you haven’t lost the things that money can’t buy.” Establishing a balance in life is crucial and at the heart of this is knowing how to…
What makes seeing a financial planner like having an MOT?
We’re all used to taking our cars for their MOT, aren’t we? The test includes checks on the lights, bodywork, brakes, suspension and much more. It’s designed to make sure that your car is roadworthy and safe to drive, to prevent any accidents or breakdowns. This got us thinking that…
3 key considerations to make sure a surviving spouse is looked after
It’s only normal if you have a husband, wife or civil partner that you will want to do everything you can to make sure they’re looked after financially in the event of your death. But it’s not as straightforward as ensuring that they are named as a beneficiary in your…
Three New Year’s resolutions for your finances
With the new year comes new opportunities, and the chance to put a resolution (or three) in place. Whist you might not stick to your January gym membership, quitting booze or stopping smoking, committing yourself to a financial resolution is a great way to start 2019. Bettering a financial situation…
What to do if you inherit money
If you receive an inheritance from a relative it can be difficult to know what to do. Here at Charters Private Wealth, we think it’s a good idea to take a step back and think about the best way to use it. Depending on how much you receive and your…