Keeping on top of finances and setting up a savings plan is a process everyone has to go through at some point in their life.
The most common ways of being resourceful include bagging the best deals on household utilities, budgeting your grocery shopping each week and cutting back on dinners and nights out. Grey area purchases Speaking about the main things that his clients would admit to wasting money on, Financial Adviser and Wealth Manager Fonz Scanlan said: “I think people are very good at getting the best deals when it comes to utility providers.
He explained: “Again I find that people are quite good at having a budget and sticking to it when it comes to essentials like food and holidays are also very carefully planned and budgeted. Impulse buying The issue of impulse buying is not a new phenomenon, but the things we tend to purchase without thinking are a lot more expensive these days and so eat into your potential savings.
Scanlan says: “If we were computers, we would spend an amount of time planning on financial decisions based on their lifetime impact on our wealth.
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