Saving: How Britons could slash their costs by ‘thousands’ in later life - key steps
Saving money can be a challenge, especially when unexpected costs crop up which have to be addressed. This could be a matter which is exacerbated even further in retirement, when individuals lose the security of their salary. Many are dependent on the money they have put aside during their working lives, or indeed the state pension.
The report recommends that while summarising one’s financial position is key, it is also equally important to undertake a health audit.
This can help Britons identify any health conditions which may mean they need to put more money aside for care, or identify a focus on later life wellbeing in retirement.
But a particularly important consideration is discussing one’s plans with family and friends.
This was identified as one of the best ways for people to gain reassurance, as well as formulate a good plan for later life.
