The most popular reasons the 2,000 people surveyed gave for keeping cash at home include being able to see it, using it for everyday spending, and convenience. Many are unhappy with the interest they were making on other savings and a whopping 17 per cent said their savings were generating no interest at all.
Piggy banks are a great starting point for children learning the basics of saving money, but there is a clear opportunity for adults to gather their stockpiles together and make their money work harder for them. Whether it is under the mattress, in a bottle, or in a sock drawer, that money could be contributing towards your savings goals.
With interest rates so poor people just do not know where to turn to invest their hard earned cash and give them some sort of genuine return. This is where I can help! If you wish to see your money begin to give you an income of 5% per annum, I have a robust genuine safe investment available from a highly reputable multinational insurance organisation that will give you that.
As part of our new NEWS WRAP feature we take a look at an industry-related news item which directly affects our business and our clients.
A big part of your financial planning is deciding what is going to happen to all your money and possessions once you pass away. For many, effective estate planning is a crucial process that should not be taken lightly – and for a good reason.