KIRSTY APP - You And Money Products/services

YOUR PROPERTY

We now look in detail at one key relationship which you have, that with your bank. In Section 12, this relationship will be looked at in detail. It is important for you to be aware of all instructions that you have given to your bank. Look. at the bank payments Money planner and draw one up to apply to you If you are like most people, you may have to search about the home to find the information, but don't be put off - it is worth the effort. In future, keep all letters to and from your bank and other advisers in a safe place, so you know where to find them when you need them.

YOUR SAVINGS

YOUR

TAXATION

YOUR

INVESTMENTS

YOUR PENSION

YOU AND

MONEY

PRODUCTS/SERVICES

YOUR PERSONAL FINANCIAL PLANNING

YOUR WILL AND ITS PROVISIONS

YOUR

INSURANCES

ANY FAMILY

TRUSTS OR GIFTS

TO CHILDREN OR

RELATIVES

MONEY PLANNER - bank payments Standing orders direct debits

Date due Name of organization Ref. Amount Last payment

Direct debits

Date started Nature Amount Last payment

Always go over your bank statements to check that all payments in have been credited and that you have not been charged wrongly for payments out. It is also wise to check monthly balances and cash flows, to avoid overdrafts. If you can, try to ensure that you have free banking. Put any spare money into deposit accounts.

Summary

� Find out where you stand in relation to your need for protection, saving and investment, and find out how well you understand how to relate money to your needs.

� Check up on your position with regard to work, if you have a job. Know where to turn if you need information.

� Check up on your own income and expenditure position.

� Take a serious and realistic attitude to budgeting.

� Identify those with whom you have key relationships with regard to money management.

� Above all, resolve to run your own financial affairs, instead of letting them run you.


Next:

The Need For Insurance

/wealth/the-need-for-insurance.html... see: The Need For Insurance