Worldwide Financial Planning

There is often shame attached to ‘mismanagement’ of money and the bills mount up, eventually becoming overwhelming. Its normal, its common, but we need to act. Every step in the right direction is an internal sign of hope, whether its debt, investments, or pensions. And trust me, it’s ok and normal to be overwhelmed.

Equities and bonds have given back a little more of their recent bumper gains as some investors consider whether enthusiasm for rate cuts is overdone. However, market movements this week seem to be more about timing than the overall picture.

Look at the financial situation in front of you first and simplify it. Clean it up and apply the correct consistent disciplines. Trust me, taking care of the pennies means the pounds will take care of themselves, as my late mother always advised.

UK hiring has fallen as businesses become more cautious. The uncertain outlook means businesses have prioritised temporary jobs over permanent hiring, but the Recruitment and Employment Confederation says temporary hiring is now also slowing and the number of total vacancies continues to decline.

Financial planning for many people can be like licking cardboard but really what it's all about, in simple terms, is about understanding what money you need to set aside for your pantry, fridge and freezer. Making good decisions matters.

Markets started with a bit of new year hangover and slightly weaker jobs data in the US and accelerating inflation in the Eurozone added to the sense that the pre-Christmas enthusiasm for rate cuts was overdone.