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Summer is fast approaching and we can safely say it is about time. By now people are planning their summer holidays or if you are really on the ball you already have them booked.

Sadly, others are hesitant and uncertain about the coming months due to their personal finances.

A time which is meant to be relaxing and hassle free is not for everybody. Mason Wealth have compiled a list of financial planning tips to help you plan effectively for summer 2019.

Plan Activities In Advance

From affordable restaurants to museum trips or history tours, the more research you put into the agenda’s costs, the better idea you will have on the overall finances.

Try and plan out exactly what you will do each day. This will save on excess spending and settling for an expensive restaurant which you happened upon because you were tired from walking around all day.

All this information is simply a few clicks away. What are you using right this minute to read this article? The internet.

Budget, Budget, Budget

Apart from planning in advance, setting out a clear budget is at the core of a solid financial plan. Before you go on that holiday or even book the flights set out a clear budget as a financial goal to stick by.

Of course, you may go a little under or a little over in the end but creating a budget makes it a lot simpler to not spend in excess. Know your limits!

Create A Holiday Fund

It’s easier to save for something when you create a separate fund for an event. Set up a second bank account for the holiday you have in mind.

You can always use this for special occasions going forward. In this way you won’t be tempted to spend your holiday funds as they won’t be just sitting in your current account.

Do Your Research About Exchange Rates

Unless you’re travelling to an EU country that uses the euro it would be a wise move to do your research into exchange rates for your chosen destination.

You might have everything saved but how does your money convert to foreign currency? Equipping yourself with this knowledge can help you better manage your budget and spending expectations.

At Mason Wealth we have many more financial tips for holiday planning. Drop into us today for your strategy on effective budgeting.

A Full List Of Our Services

At Mason Wealth Management we have been working with professionals in the pharmaceutical, medical, IT, business and financial sectors for over 20 years.

We pride ourselves on putting you first as our core approach. We have full faith in our process which has delivered successful outcomes for our clients time and time again.

We believe it is only through respect, a can-do attitude and being enthusiastic in our work that we can achieve life-long relationships with our clients.

Mason Wealth Management operate an open communication policy and our ongoing full-service financial planning includes:

  • Pension and Retirement Planning
  • Savings and Investment Advice
  • Estate Planning and Inheritance
  • Life Insurance
  • Income Protection
  • Critical Illness Cover
  • Succession Planning for Business

One Final Note

We are currently giving away a book titled “Enough? How Much Money Do You Need For The Rest Of Your Life?” by Paul D. Armson.

The author, a financial advisor since 1982, brings you on a path to discovering exactly how much money you need to support a healthy and balanced lifestyle and the importance of making the most out of the time you have right now before it’s too late. We work closely with the author and are part of a Financial Planning group in the UK that share similar views.

We give a copy of this book to all our new clients and the feedback has been extremely positive. It is a 2 hours read and we promise you there are no numbers in it.

For your free copy you can fill out our contact form or email [email protected]. Terms and conditions apply.