News

14/04/2009 17:03:27

Britons 'should give finances a spring cleaning'

Now is an ideal time for people to take a step back and review their finances.

Indeed, Fairinvestment.co.uk states that by doing so Britons could find a number of competitive deals and be in a significantly stronger monetary position come the end of the year.

One area that should particularly be given consideration is savings accounts, as the firm points out that in spite of the record low base rate a number of products offering attractive rates on savings can still be found.

Furthermore, people are also urged to remember the importance of putting money into a pension, while a visit to an independent financial adviser to review a saving for retirement strategy could prove useful for those struggling to manage their money.

Sharon Bratley, chartered financial planner for the firm, states: "There are so many benefits to a financial spring clean and starting now could really save people some money by the end of the year."

Meanwhile, recent research by GfK NOP on behalf of the Charities Aid Foundation revealed 42 per cent of people believe money is now more important than it was before the start of the financial downturn.