As it becomes easier to shop and spend from the comfort of our homes, saving money needs to be easier too. There are some practical ways to automate savings and reach your financial goals.
While 2022 is just around the corner, some risks to our financial wellbeing are already here. Inflation, stock market valuations and even interest rates are all in the spotlight and all three have the potential to inflict some financial pain. But it is possible to plan ahead and protect your personal financial wellbeing.
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There are many DIY investing platforms available today. They offer quick market access and the potential to build personal investment portfolios. But are they the ideal solution for novice investors?
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Q. Should I go the do-it-yourself investing route or use a financial adviser?
People are being presented with an increasing number of options when it comes to investing. Some offer a robust do-it-yourself approach. But just because you can go the DIY route, should you?
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From a personal finance perspective, were stagflation to take hold, it would have a very significant and negative impact on the value of money held in savings, income, pension payments and even employment prospects. As inflation erodes the buying power of money, the real value of money held on deposit falls in tandem with the prevailing rate of inflation.
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How does financial I.Q. impact financial wellbeing?
In today’s world of complex money concepts, it is essential to have a grounded understanding of how it works. This is really important from a broad financial wellbeing perspective.
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There is a growing demand for a more ethical approach to how companies are managed. Investors want to see that their money is invested wisely, in companies that care for their workers, society and the environment.
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Q. How much could the China crackdown on tech firms impact my retirement fund and my long-term financial wellbeing?
The latest moves by Chinese authorities to ensure tech firms based there are in full regulatory compliance has impacted stock valuations. This can have far-reaching consequences, especially when it comes to pension funds.
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Climate change is happening and its impact on our personal finances is becoming clearer. For many, it will mean more cost for insurance, fuel, food and also, is likely to impact our financial wellbeing in retirement.
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What Ireland needs now is some amount of firm intervention at State level. The setting up of a State bank with the sole responsibility to either underwrite, guarantee or purchase mortgage loans (off the books of commercial banks) would be one way of supporting the overall population to access mortgage credit.
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With the closure of the Irish Credit Bureau scheduled by year end, this is unlikely to have any significant impact on the credit worthiness of those applying for consumer credit.
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Financial wellbeing in retirement can be achieved any number of ways, not just through the ownership of property. Pension enrolment and protecting one’s health are also major considerations.
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Investing at the best of times can be a real challenge. But in Ireland, some higher risk investing attracts lower taxes than is the case for lower risk options, where the applicable taxes are significantly higher.
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It is important to protect against frauds and scams to protect your financial wellbeing
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Buying a first home in Ireland can be a daunting process. However, what is important is that applicants have a regular income and a good credit history. Beyond that, there are a range of practical steps and considerations that are relatively easy to follow.
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A great home office space can be put in place for relatively little cost. It’s important to plan out what is required, set a budget and stick with it.
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A good financial plan will help you to establish your life goals and a realistic strategy to achieve them. It will also help you monitor your progress along the way,…
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2020 is the year where many people have turned to online shopping in a major shift in consumer behaviour. Of course, much of the change has been driven by the…
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Losing a job is a major life event. Good redundancy preparation is the bedrock to managing it in the future Frank Conway – Founder of MoneyWhizz The job market in…
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Back-to-school is an expensive time of year for any parent. If they plan to borrow, they can use some practical step to keep long-term costs low
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