A Guide to Spring Clean Your Finances
The Japanese kanji for crisis (above) comprises two symbols: one representing danger and the other ‘opportunity’. It is a familiar refrain from our busy clients that they never have time to turn their attention to their own finances. We have already seen a surge in the number of enquiries from people taking the coronavirus slowdown as an opportunity to strengthen control of their financial affairs or simply tidy them up.
As we begin another (hopefully final) two weeks of widespread closures in Hong Kong, we’re finding our Netflix lists rapidly diminishing, waistlines expanding and drinks cupboards emptying… Thankfully we have been enjoying some nice weather over the previous weekends, allowing us to get outdoors for some much needed exercise. This weekend isn’t looking quite as nice so it could be a good opportunity to spend some time on personal affairs.
One positive that seems to have emerged from this crisis is a heightened sense of community, with everyone coming together during uncertain times. With the world staring into the face of a recession, we’ve put together a guide containing 12 suggestions which can help shore up your finances
. We hope you will personally find this useful, but also send it on to anyone you think it may help.
Private Capital clients will hopefully be further ahead than most in having their finances well set up but if you, family or friends want to look closer at any aspect covered, our advisers would be delighted to assist. As financial planners, we are passionate about helping people organise and improve their lives, so as well as assisting clients, we have undertaken to try to help anyone during the crisis. We are here to listen, advise, introduce others or simply point in the right direction where help can be found.
Several of these areas are one-off improvements that, once arranged, run for life. Now is a great time to get yourself set up for lifelong simplicity, control and excellence in every financial area.