The New Year often brings with it a want for positive change and resolutions, whether it is to improve our diets, habits or fitness. However, the “New Year, New You” attitude doesn’t necessarily have to stop there; it can also extend to our finances.  Getting any finances into shape can feel exhausting, especially if it isn’t something that’s been done before. But, just like going back to the gym after a break, the hardest part is committing. We asked some of our staff what they’ve got planned for 2020, and how they’re hoping to keep their finances fit this year.


Sophie Ackroyd, Marketing Associate
I like shopping too much to give it up completely for a long period of time.  But I am going to make more of an effort to save a little bit each month, even if it’s just £50.  Doing little things like having one weekend in a month, could help me cut my monthly spend quite significantly. Then when I’ve got a bit of a saving pot built, I can divide it between long term goals, and short term; things like holidays and enjoying my 20s.


Kieran Scott, Senior Business Development Associate
I managed to buy a home at the end of last year, achieving my 2019 goal, so I would like to continue on this streak for a little while if I can! I always set myself goals, but slip away from them by February, so now I’m a homeowner, I really need to start being more money conscious, less flippant about what I’m spending. With the help of i-stock on my phone, I could build a savings pot quicker than if the money was sitting in my bank account.


Ashleigh Wallage, Office Manager
A lot of my money goes on meals out and food for work. To help me boost my savings this year, I’m going to try and make more effort in planning what I eat, reduce the amount I eat out and be a lot stricter with the budget I set myself for food.  Little things like bringing in lunch to work and making snacks at home could make a huge difference to my finances, as well as help reduce the amount of food I waste.


Ben Raven, Director
I read recently that minimum automatic pension contributions rose from 5% to 8%* in April. However, by saving at least 12.5%** of your salary each month, you could have a comfortable retirement, so I’m thinking of putting more into my workplace pension, or at least becoming more aware of my pension.  Whilst it might be tempting to splash out on expensive holidays or home improvements, putting a large part of that now available cash into my pension over the next 10 years will boost my retirement pot from comfortable to very comfortable.


Romano Romancio, Marketing Associate
This year, I have got to manage my money better. I need to start working out how to divide it up so that I don’t have absolutely nothing left in my bank account by the end of the month. I need to be prepared to be flexible; life has ups and downs and if my car breaks down one month, that cost will throw everything out of sync. If I need to dip into my savings a little, it’s ok, but I’ll just need to manage it so that I can re-plan costs for the next month if necessary.


Steve McGregor, Head of Adviser Support
Before she starts getting pocket money this year, I would like to start educating my young daughter on the importance of money and how she should appreciate its value and what she can do with what she has. I’d like her to know that having strong financial values doesn’t always mean you have to be wealthy, or that you need to have a vast knowledge of all things finance.  Even if your bank account isn’t sky high, you can still be driven by financial values, enjoy growing your money, and find the perks beyond your pay slip that makes money mean all the more to you. Talking about money within the family feels important; it could help her form good lifetime habits, and hopefully make her feel less stressed and more in control in the future.