Savings & Investment Advice

Savings & Investment Advice

It’s good to save? We all know that but here are a few statistics:

People in the UK owed £1,680 Billion at the end of January 2020. An increase of £48.7 Billion since January 2019 or putting it another way, an extra £923 per UK adult over the same period. The average total debt per household including mortgages was £60, 363.  That’s an average debt of £31,845 approximately 112% of average earnings.

318 people were declared insolvent or bankrupt in October to December 2019. This is equivalent to one person every 4 minutes 32 seconds,

Citizens Advice Bureaux in England and Wales dealt with 2,618 debt problems every day based on figures  for February 2020

It costs an average of £22.92 per day to raise a child from birth to the age of 18.

18 properties are repossessed every day, or one every hour and 17 minutes.

68 mortgage possession claims are issued and 48 mortgage possession orders were made every day in England & Wales in October to December 2019

277 landlord possession claims and 223 landlord possession orders were made every day.

A credit card on the average internet would take 26 years and 8 months to repay, making only the legal minimum repayments each month.

The statistics speak for themselves and the problem will not go away by burying your head in the sand. You have to make resolving your debts and saving money a mission. Gain control of your finances, develop the right habits and you will be surprised how much you can achieve.

A journey of a 1000 miles begins with the first step!

Contact:

Clare or Mark on tel: 0203 973 1277.

Email:  clare@gmpifa.co.uk or mark@gmpifa.co.uk

For investments, we can provide you with a clear structured investment strategy which begins with identifying your growth and/or income requirements and measuring your attitude to risk.

The world is changing all the time and we believe that your investment strategy should be relevant, flexible and transparent with access to world class fund managers. Investments need to be reviewed.

The value of investments can fluctuate. You may not get back the full value of your investment. Past performance cannot be used as a guide to the future.