Financial Planning Archives

Why We Recommend Protection in Financial Plans for the Year Ahead

December 9, 2024

With a new year on the horizon, it’s the ideal time to reflect on your financial goals and prepare for what’s next. A solid financial plan isn’t just about building wealth but safeguarding what matters most.
Adding protection like life insurance or income protection means you’re not just planning for the good times; you’re preparing for the unexpected. It’s all about balancing growing your future and protecting your present, giving you and your family peace of mind no matter what the year brings.

Budgeting for Christmas: Tips to Control Your Festive Spending

November 28, 2024

The festive season is a magical time of year, but it can also bring financial stress for many households. The Competition and Consumer Protection Commission (CCPC) revealed that Irish households expected to spend an average of €1,030 on Christmas expenses in 2023, including gifts, food, and festivities. This was a significant drop from the €1,186 spent in 2022, indicating that many families felt the impact of rising costs and tightening budgets.

Everyday Expenses That Could Cost You More Than Life Insurance

November 18, 2024

Life insurance is often surrounded by myths, with many people assuming it’s too costly or not worth the effort right now. But what if it could actually cost less than some of your regular expenses? You might be surprised!
Let’s break it down and look at a few everyday expenses that cost the same—or even more—than life insurance, and how you could protect your family’s future for less than you think.

How to Save for a Wedding Without Going Broke

November 11, 2024

Planning a wedding is an exciting journey, but the costs can quickly add up, making it challenging to stay within budget. With the average Irish wedding costing around €36,000, it’s no surprise that many couples feel pressure to save carefully without compromising their financial future.
Smart planning is key to balancing your dream day with a realistic budget, and luckily, there are plenty of practical ways to achieve this without sacrificing what matters most.

Breast Cancer and Finances: Important Info Every Woman Should Know

October 29, 2024

Breast cancer is a serious health concern for women around the world, and in Ireland, it remains one of the most common cancers affecting women. October is Breast Cancer Awareness Month, making it a perfect time to highlight the importance of both health and financial protection.

Whether you are a woman who has already been diagnosed, a survivor or someone who wants to be prepared for the future, understanding the financial side of dealing with breast cancer is just as important as understanding the medical side. Here’s what every woman in Ireland should know about breast cancer and financial protection.

New Baby Financial Checklist: 8 Things to Do Before Your Baby Arrives

September 9, 2024

Welcoming a new baby into your life is an exciting and transformative experience. Amidst all the joy and anticipation, it’s essential to prepare financially for your little one’s arrival. Planning ahead can alleviate stress and allow you to focus more on the precious moments with your newborn. Here’s a comprehensive financial checklist to help you get ready for this new chapter in your life.

7 Smart Money Moves to Secure Your Child’s Future

October 14, 2024July 2, 2024

As a parent, you’re always thinking about ensuring your child’s future is secure and bright. With the economy constantly changing, it’s crucial to make smart financial decisions now that will help your children develop good money habits and financial security.

The Essential Guide to Pension and Retirement Planning

October 14, 2024May 10, 2023

Home Retirement could take up to a third of our life, that’s why having a Pension Plan in place is essential to make sure you will live comfortably in your golden years. Pensions can be a confusing and overwhelming topic, there are many rules, regulations, and options to consider; it can be difficult to know …

Teaching Kids Financial Responsibility: The Benefits of a Children’s Savings Plan

November 5, 2024March 6, 2023

It’s never too early to teach children about money and financial planning. This is an important life lesson that will prepare them for their future. It’s important to explain to children money doesn’t grow on trees, like they might think sometimes, it requires effort to earn money and it is limited, so you must be careful how you spend it.

For very young children, you can begin by exposing them to the idea of money and outlining its purposes. Using coins and bills in games and activities will show them the worth of money.

When kids are a little older, around 5 or 6 years old, is when you can start teaching them about saving properly. At this age, children can understand the concept of setting aside money for a specific purpose and learn fundamental financial ideas like budgeting.

It’s important to adjust your teaching approach to the children’s level of understanding. And the earlier you start teaching them about saving money, the more prepared they will be to make smart financial decisions in the future.

What is the best way to save for your child’s college education?

September 17, 2024February 15, 2023

Home For many parents, providing their children with a good education is one of the most important things they can do to plan for their children’s future. Education in Ireland can be expensive, so it is important for parents to start saving early. It’s time to not only bring home the bacon but save part …