November 28 2022 | Simon Miller
November Highlight reel
This article is written by Simon Miller, who has over 20 years’ experience in financial journalism and is currently the Senior Financial Editor at nudge. US gives thanks for worsening data.
1 min read
As we head into the dog days of summer, it is not just the heat that is bearing down on everyone.
The abiding story is the cost of living crisis as war continues in Ukraine, the ongoing affects of Covid and of course, people worrying about their household bills and financial wellbeing.
Here at nudge, we hear the concerns of our clients’ people as they feel the impact of higher prices and higher bills. In response, our team have been hosting a range of events aimed at getting people financially fit through, what we like to call, finpowerment.
Finpowerment sounds weird but it is simply a way that you can take control of your money, rather than let it control you. There are many things you can do yourself to finpower your wallet – from switching off electric devices rather than leave them on standby, to learning better driving skills to cut down unnecessary fuel wastage. Smarter saving is good saving.
We know that when faced with events as they are now, it can look overwhelming - but there are tons of little things you can do right now that will snowball into better financial management.
Make a budget, pay off some debt, put a wee bit of money aside each month, look at your investments, have you balanced your portfolio? These choices add up and before you know it, you have a buffer against any headwinds.
In the wider world, we know people are worried about an impending recession, but it is important to note that downs are temporary.
What happens is that we usually get out the other side with some new ways of thinking, innovation comes to a head as companies and people, even you, look for better ways of working.
Ready to finpower your people? Get in touch with the nudge team.