Money saving tips: Brits urged to ‘act now’ to review finances for later | Personal Finances | Finance

Money saving tips: Brits urged to 'act now' to review finances for later |  Personal Finances |  Finance

Saving money can be a difficult task to undertake, but it is often essential in ensuring that people can achieve the lifestyle they desire. This is especially important for retirees, some of whom may have given up saving or changing their financial habits. However, now might be a great time to embrace such changes, especially to ensure that costs associated with later life are largely covered.

She continued, “Is what you want now different from when you first set your savings goals and started putting money aside?

“For example, when you retired you might have planned to take a lot of travel, but that might have been reduced – and not just because of the pandemic, but because what people want is changing. when they are older.

“If your goals change, you’ll have to establish what you really want instead.”

But while the achievement of later life goals will be essential for many Britons, making sure that basic needs are met is equally equal …

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