Dominic Browning, Managing Director
Posted by D Browning
19/03/20
News, Resources, Insight and Opinion from Browning Financial Planning

Automated Savings

Dominic Browning, Managing Director
Posted by D Browning
19/03/20

Saving regularly is one of the most important ways to increase wealth and achieve financial independence.

There are 2 types of saver:

Saver A will put any spare savings (if any) away at the end of the month and Saver B, who will pay themselves first at the beginning of the month.

Saver A rarely increases their wealth significantly as, whatever their monthly income may be, there is little left at the end of the month.

Saver B will, over a period of time, accrue far larger funds and will therefore have a much higher chance of achieving financial independence.

Which type are you?

So commit NOW to setting up a monthly savings plan (ideally an equity based ISA) if you want to have sufficient capital and/or income for your unknown future life.

If you are already doing so, consider increasing the monthly amount you put away. You will not regret it.

More News, Insight & Opinion
Will you outlive your retirement pot?

The most important question to be asked is ‘How long will you live?’  Continue

HMRC repaid record £198m on flexible pension withdrawals

A record £198m was repaid on flexible pension withdrawals for the tax year 2023/24, latest HMRC data shows. Continue

Lifetime ISAs - Why basic-rate tax-payers under 40 should consider them.

Lifetime ISAs were created to help people under 40 save for a house deposit. But are they any good as long-term savings if you do NOT buy a house? Continue

Life Boat Drills

If you have ever been on a cruise, you will be aware that the crew will carry out lifeboat drills either in harbour or shortly after leaving.  Continue

Why our fees are competitive

I was recently shown the pricelist of St James's Place, a FTSE100 financial advice firm. I nearly fell off my chair. Continue

Company Pension planning options

We regularly look at the company pension funds of prospective and existing clients. Continue