Why 2020 should be about your financial well-being
We all have an emotional relationship with money. But understanding how we feel about it can help determine our saving and spending patterns, and eventually change our financial future.
As First Direct’s Money Wellness Index finds out, 48% of adults aged 18-55 regularly feel anxious about their finances. And even though Brits put their financial wellness before diet regime or exercise, why can’t we resolve to fix our finances?
Debt is a (thriving) business
It’s easy to spend money, especially with several convenient “buy now, pay later” schemes. Unfortunately, the customers usually don’t realise that if they are not organised, the missed payments will cost them hefty penalties and damaged credit score.
Normalising feelings about money
Financial well-being is not just about getting more money. It is about feeling comfortable with your finances and seeking help when things go wrong. Last year we launched a five-point plan helping to deal with debt positively.
Don’t ignore the signs
When money worries begin to affect your mental health, it is easy to carry on. But the first step is to recognise the signs that you need help. If you or your business is facing financial problems, don’t ignore your debt.
Facing the facts, enrolling the family and seeking professional advice are crucial elements in overcoming the challenges and stigma of problem debt. Seeking advice early on can help to find the best resolution, and whatever happens, we will be beside you, helping you through the process. Seeking advice early on really can help to find the best resolution, and whatever happens, we will be beside you, helping you through the process.
Contact us for a free initial consultation. You don’t know what we can do until you ask.
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