finance Archives - Redefining Progress

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Finding a Financial Future and Why it Starts with You 

Setting a budget, managing your spending, putting a portion away every month – good financial behaviors start by seeing results in good time. One of the hardest challenges of saving money is being proactive despite having the money available and not spending it. That long-term view of money is a great way to build up a foundation and make bigger more impactful decisions in the future. It’s pretty difficult, but that’s the great thing about becoming habitual with these good practices, eventually, it’s second nature and you’re making progress without thinking about it. Living in a big city or working in…

QROPS: What Are They And What Can They Do For You?

Photo Credit: Unsplash | Anthony Metcalfe You have a frozen UK pension but have moved, or are thinking of moving, overseas. You want your pension to work for you and get as much from it as possible. You might not know it, but you need a QROPS! A QROPS will provide you with a more flexible option than your standard UK pension and is almost an investment in itself. What Is A QROPS? According to Wikipedia, QROPS stands for ‘Qualifying Recognised Overseas Pension Scheme’. It is ‘an overseas pension scheme that meets certain requirements set by Her Majesty’s Revenue and Customs’…

7 Credible Reasons Why You Need An Emergency Fund

If you don’t have an emergency fund then it may just be time to start having a think about whether or not that is a smart choice. Many of us think that there are better places to put our money than in this type of fund, but we have 7 reasons as to why this is something that everyone should have in their lives, a fall back fund which can support them in the event of a crisis. Peace of Mind There is a great deal to be said for the cost of peace of mind and above all else…