How To Manage Money In Your 30s
How to budget better in 2019
Saving money, going to the gym and getting more sleep are resolutions we’ve all said we would stick to come January.
But it’s easier said than done – especially when it comes to money.
evestor and uSwitch partnership
We’re really excited to announce our new partnership with price comparison and switching service uSwitch.com!
Vulnerability: We care about more than just your investments
The term vulnerable probably brings to mind some fairly negative images, ones you may not associate with yourself, but in fact, it’s really common - 50% of UK adults display at least one characteristic of potential vulnerability.
How we manage changing markets
Whether it’s Brexit, the American mid-term elections or the US-China trade wars, 2018 has been a year of political uncertainty.
Yet while each of these events have caused short and often sharp market turbulence in the past year, it’s important to remember that these fluctuations are natural and commonplace in the life of an investment. Although, this doesn’t stop the media thriving on headlines meant to shock and scare.
How to save money over winter
The winter months can be costly – Christmas presents, work parties, New Year’s Eve - the list goes on! You also might spend more time in the house in the cold weather, so combine this with increased heating, electric and other household bills and it can become an expensive time of year.
That’s why we’ve put together a few handy tips on how you can save money during the winter months.
CEO update: our year so far and some big news for 2019!
As we move into the last few months of 2018, I thought it would be a good time to reflect on the last 18 months and, more importantly, look forward to what we have planned for 2019 and beyond
What’s the Autumn Budget and why should I care?!
Yesterday, the government gave its annual Autumn budget, this year’s being the final Budget before the UK leaves the European Union next year.
The budget has risen from £264.1 billion in 1998, to a huge £859 billion this year! You’d be forgiven for thinking it’s nothing more than a display of luggage followed by a lot of jeering in the House of Commons, but there is some method to the madness!
Why pay us to invest for you?
We often get asked by potential investors about our fees and what exactly we do for the money you pay to invest with us.
Many of these questions ask, “why should I pay you to invest my money for me” or “can’t I get it cheaper if I go direct?”.
How much should you save for your retirement?
Long story short - there is no set amount of money you need to retire. Many factors contribute towards how much you’ll need to live comfortably in later life, but having a plan from early on can help reduce stress and money worries later down the line.
In this blog, we’re going to look at what you might need to do to prepare for the life you want to lead after you retire and explore how every situation is different.
Saving, retirement and credit – 5 tips for managing money in your early 20s
It can be a nerve-racking time to be responsible for your money as you become an adult. Managing bills, a car and striving to get onto the property ladder all whilst trying to keep an active social life can be tricky to juggle, but it’s not impossible!
Our evestor stories: Planning for retirement
In our latest ‘our evestor stories’ blog post, we’ve asked two of our colleagues to talk about their plans for retirement, and how they are working to make them a reality.
They’re both in very different situations, but expert advice from evestor is making all the difference.
Reasons to consolidate your pensions
Some interesting research was released recently, which found almost two thirds (64%) of Brits now have more than one pension pot.
And the introduction of automatic enrolment into workplace pensions means this figure is likely to grow.
Helping teens manage their money
Last month, we shared our advice on introducing young children to good money habits.
So, this month, we’re following it up with some tips on how to introduce some financial life skills to teenagers.
How to help your kids understand money
“Money doesn’t grow on trees, you know!” I think that was the main piece of financial advice my parents gave me in my earliest years.
But learning how to manage money is an important life lesson, and it’s not something that’s widely covered in the primary school curriculum.
FCA’s market study aims to improve transfers for investors
Yesterday, the Financial Conduct Authority (FCA) released a report proposing changes to improve competition between investment platforms.
You might assume that for us competition is a bad thing, but we disagree. Ultimately, evestor was created out of frustration in the current investment market. Anything that offers more choice for the customer is fine by us – including a bit of healthy competition!
Your top five pension questions answered
The average life expectancy is getting longer, making it even more important that you have a plan in place to prepare for life after work.
With that in mind, it’s surprising that many people are still in the dark about their pension options.
Research released last year found that over half of UK adults who are not already retired don’t know what age the state pension starts being paid.
Why global economies are crucial for UK investors
Hardly a day goes by without another potentially panic-inducing headline about the global economy.
Just recently, the value of shares in many well-known companies around the world fell sharply after President Trump threatened billions of dollars in tariffs on Chinese steel, and China said it would retaliate.
It can make you wonder why people risk investing in the stock market at all? Maybe we’re all better off squirreling our money away under the bed? Or is this all just over-dramatic journalists trying to sell more papers?
A day in the life of an evestor adviser: What you get for free!
The first thing I’ll do in the morning is check my diary and start preparing for the customer consultations that have been booked in.
I’ll already know quite a bit about each customer from the details they’ve entered online, but it’s important to be a good listener and not presume anything.
Sharks and scams: Staying safe in the murky world of financial advice
Read the news recently and you might think that some financial advisers want nothing more than to separate you from your cash, with barely a thought for the mess they might leave behind.
These scammers who set out to fleece vulnerable, elderly people out of their savings – money that they have worked hard all their life for – make me incredibly angry.
Millennials and money: spending, saving and investing
Millennials are getting a lot of flak, and it’s time to give them a break.
According to some stories you read in the media, they’re a selfie-obsessed generation who can only communicate via emoji and exist on avocados.
Infographic: what happens to the value of £100 over time
£100 will always be worth £100, right? Not quite.
You’ll have noticed that the price of the goods and services you buy tends to go up - it’s called inflation and it means the pound in your pocket is worth less over time.
Our evestor stories: safeguarding our families’ futures
Tomorrow (15th May) marks the United Nations’ International Day of Families. It’s a day that celebrates all that’s special about being a family – something that really matters to the evestor team, so much so, we wanted to share some of our stories with you.
Lifting the lid on investment returns
“How much money can I make?” is one of the first questions that anyone who is considering investing asks.
Unfortunately, that’s a question that no one can answer with absolute certainty.
You can’t predict the future, so instead you have to look for other ways to judge whether an investment could be right for you
The Money Marathon: It's a race, not a sprint
From experienced athletes to enthusiastic amateurs, everyone running in the London Marathon understands that they are in it for the long haul.
You're not alone: taking the stress out of finances
For many people, financial security can be a real worry.
The cost of living is rising and wages aren’t keeping up, putting extra pressure on households.
So, it’s no surprise that seven in ten workers say they have felt stress or financial strain in the last five years.
Happy new tax year: make the most of this year’s allowance
On Friday 6th of April, the new tax year arrived and brought with it a host of changes to the national minimum wage, personal allowances, council tax, car tax and more.
At evestor, we think the new tax year is also a great opportunity for investors to look forward and consider how to make the most of their pension and ISA allowances during the year ahead. This year, the ISA and Pension annual allowances have remained the same at £20,000 and up to £40,000 respectively (dependent on your salary).
Building your family a nest egg this Easter
Happy Easter! I’ve just been reading an article about an Easter egg that costs a ridiculous £100!
While there are obviously people out there who are happy to shell out silly money on seasonal confectionery, it strikes me that most of us would probably be better off investing that kind of cash in a nest egg, not a chocolate egg.
Video: When should I start preparing for retirement?
Hear evestor founder Anthony Morrow explain why, whatever your aspirations for retirement are, it really is never too soon to start making plans.
Five Big ISA Questions Answered
ISAs (Individual Savings Accounts) have proved incredibly popular with savers since they were first launched in 1999, with hundreds of billions of pounds now squirrelled away in these tax-exempt accounts.
Video: How to get investment ready
Click below to watch evestor founder Anthony Morrow discuss the important questions that you need to ask before setting out on your investment journey.
One all-in charge would make fees simpler
2018 brings the introduction of ‘MiFID II’, an EU directive which includes plans to make investment fees more transparent and easier for investors to understand.
Granted, few people get excited about new legislation and especially those working in finance and investment. But, as you know, we have always championed transparency in the financial industry and we’re excited about what MiFID II means for our investors and for the industry in general.
Money for Nothing: How to Get Free Cash from the Taxman
There’s no such thing as a free lunch, or so they say, but there are ways that savers and investors can enjoy government tax breaks that amount to free money.
We aren’t talking about shady tax avoidance deals, these are incentives that the government has included in the tax system to encourage people to save and invest for the future.
On the pulse: Get the lowdown on the weeks changing market
Over the past few days, you may have read headlines like ‘US stock plunge sparks global sell-off’ and ‘Stock market turmoil: $4tn wiped off shares’ as the financial media attempts to encourage panic in investors. The truth is that while the financial media thrives on big headlines these types of market corrections are commonplace in people’s long-term investment journeys.
On the pulse: Open banking
A report by Which? last November revealed that 92% of people have never heard of open banking. You may not be aware of what this new legislation is, but open banking could change how you manage your finances.
How to score a footballer's fortune
The current January football transfer window is set to be another explosive one, with Barcelona having splashed out more than £140 million on Liverpool’s Philippe Coutinho, and Tottenham rumoured to be about to hand Harry Kane a contract worth £200,000 a week.
To B or not to B? The Low-down on Cryptocurrencies
Bitcoin has been at the centre of a media storm in recent months, but could the seemingly stellar rise of this little-understood cryptocurrency be too good to be true?
The value of a bitcoin exploded during 2017, leaping from £732 in January to £14,759 at its peak in December, though at the time of writing in early 2018 it has fallen back to £10,030.
Bursting the debt bubble: 5 rules to live by
We’re hearing a lot in the media at the moment about a so-called debt bubble.
Unsecured consumer credit – that’s things like credit cards, store cards, overdrafts and car loans – has reached a level that we haven’t seen since the global financial crisis, we are told.
The me&mymoney app – the free tool to help you take control
We’re excited to announce the launch of our new free tool to help you manage your money and achieve your financial goals.
Compound Interest: how it works and why it matters
What is compound interest and how does it work?
It may sound complicated, but the principle is very simple – and it could earn you thousands of pounds over the lifetime of an investment.
The pensions gender gap
Advice vs guidance: What’s in it for you?
Unless your name is Warren Buffet, it can be useful to seek expert help before investing your hard-earned money.
Expert help about financial products generally falls into two main categories – financial advice and financial guidance – and these differ significantly.
Investment platforms: The good, the bad and the terrible
As a newbie investor, it’s hard to know which investment platform to trust with your money.
There’s no shortage of options. Type ‘investment platforms’ into Google and you will be swamped with over 140 million results!
Fortunately, there are some reliable ways to separate the good providers from the bad and (gulp) the terrible.
Should you fund your retirement with your home?
Traditionally, the most common way to fund a retirement is by paying into a pension during your working life, which then provides you with a regular income.
There are other ways you can help prepare for your future and many choose to invest in property alongside a traditional pension.
Thinking of investing – what are your goals?
So, you’re thinking about investing?
It’s never too soon to start, but it’s helpful to consider why you want to invest first.
You might just want to build up your savings in an investment that’s suitable for you or you might have financial goals for yourself or for your loved ones in mind, such as buying a house, getting married or just having a comfortable retirement.
What does a financial adviser really do for you?
A financial adviser is someone who can help you achieve your financial goals.
They can create a financial plan for you, based on your circumstances; taking into account what you want to achieve and how much risk you’re willing to take.
7 not-so-stupid questions about investing
For a long time, it may have seemed that investing was only easily accessible to wealthier people with more disposable cash than the average household.
The evestor jargon buster
Advised or non-advised? Why it's an important question.
We all know we're not saving enough.
The number of people in the UK who currently make no savings provisions at all is increasing. Worse still, the latest report by the Office of National Statistics revealed, those who are saving are doing so at the lowest level since records began.
The hidden costs of investing
There's no such thing as a free lunch.
All investments come with costs, usually in the form of annual fees, but some investments are far more expensive than others.
This blog looks at some of the fees charged by different types of investment funds and advisers, the impact they can have on your savings and how to avoid them.
FCA's Asset Management Reforms Could Save Consumers £1bn
The final findings of the FCA's study of the asset management industry is news that consumers have been waiting for. The city regulator has outlined the need for investors to be provided with greater transparency and clearer information about the fees they pay.
Robo investing and financial advisers - can you get the best of both worlds?
The use of robots to carry out once time-consuming manual tasks continues to increase in our everyday world, but would you trust a robot with your savings? It's not as off-the-wall as it sounds!
Should I save or should I invest?
evestor's mission is to make investing inclusive.
We want everyone to be able to access financial advice and investments that will help them make the most of their hard-earned money.
But we also know that investing is not always for everyone.
Get investment ready with our tips for first time investors
Investing can be a daunting experience, but at evestor we take great pride in making it as simple as possible. If you're thinking about becoming an investor, here's 9 steps that will help you get investment ready.
Why there's never been a better time to empower your pound
The need to save early and regularly has never been more important. Retirement ages are increasing and there is a growing realisation that we'll have to work longer to retire comfortably.
Our Manifesto - Clear and Simple Financial Advice
Finding a financial adviser who will give you the right advice for your needs can be both time-consuming and expensive.
At evestor, we want to help you make the right decisions on what to do with your hard-earned money by providing you with clear, simple financial advice at a fraction of the price you would pay at your bank or with a traditional financial adviser.