Updated: Jan 17
As we're coming to the end of 2021 (where has the time gone?!) many people are starting to think about plans for 2022 and setting goals for the next 12 months.
Something that a lot of us consider at this time of year is financial resolutions. Hargreaves
Landsdown recently commissioned a survey of 2,000 people to find out what financial resolutions people are looking to make.
The most common one was paying off debt, which is something 20% of people cited as wanting to get sorted.
The second most common financial resolution was to lower household bills, which isn't a surprise due to the increase in energy prices that we have been experiencing in recent months.
Other popular resolutions included paying more into savings, gaining an understanding of
pensions, putting more money into pensions, protecting loved ones with insurance, and investing.
Ticking these tasks off is a great way to increase your financial wellbeing which is something that we're really passionate about at Kindred Estate Planning.
Surprisingly, something that wasn't one of the top financial resolutions cited by those taking part in the survey, was writing a Will!
Did you know that 61% of British adults don't have a Will, which equates to 30 million people? A Will is the only way you can ensure that your final wishes are followed after you pass away. It means that your loved ones will inherit what you wish, your dependents will be taken care of, and those you want to benefit from your estate, will.
If you already have a Will in place, the new year is a great time to think about whether or not you need to review it.
Has there been a significant life event happen since you wrote it? Perhaps a new family member, new property, business venture?
What are your financial resolutions for 2022? Get in touch today to see how we can help you