Finance

Educate Yourself Empowering yourself to take control of your finances is an important part of economic health. And, whether you consider yourself an “investor” or not, the fact is that everyone invests money by the simple act of spending it. Look for quality financial information from neutral, reputable sources such as governmental and non-profit websites and publications, not from salespeople. …

Get a power of attorney set up It’s the No1 tip because it’s the most important in the long term. Don’t delay because waiting can make the process much more expensive, difficult and lengthy. A power of attorney is a legal document that lets you give one or more person the power to make decisions and manage: your money and …

Discuss money management with your family Money can be a difficult subject to talk about, but it is important you plan how you want your finances to be managed if you become unable to look after them yourself. Set up a Lasting Power of Attorney (LPA) This enables you to choose someone you trust to make decisions on your behalf …