You may have noticed that the various consumer organisations have been suggesting that we all overhaul our finances regularly. The point is to make sure that we don’t spend too much on all the financial products we need to have but where the cost can differ greatly depending on where you buy them. To see for myself just what could be saved I decided to start off by doing an inheritance tax and to my surprise I realised that I had been paying more than necessary till now. Once I got the necessary advice from qualified professionals, I have reduced my liabilities and pay only what is necessary. With renewed impetus I did the same for other financial service products I pay more regularly and within a matter of a few hours I had radically reduced my monthly outgoings. It’s a curious feeling having made such a seismic change to one’s finances. Do I regard the savings as new money or old money I’ve wasted in the past? One thing’s certain; if you don’t do this straight away you’re only costing yourself money. I would hazard a guess that I have saved enough to pay for a holiday with the combined saving I have been able to make.
