The Importance of Emergency Funds
Charles James Financial Planning
by James Thorpe
3w ago
Debt Justice, a charity that campaigns against unjust debt, has found that about 12.8 million adults in the UK are falling behind on bills or finding repayments a heavy burden. It's a stark reminder that the importance of a robust emergency fund cannot be overstated. Join us as we explore financial security, and practical strategies to build and maintain your own safety net. Section 1: Understanding the Need for Emergency Funds Life can often be filled with unpredictability, where financial surprises can lurk around any corner. In an ever-evolving job market, unexpected job loss can strike eve ..read more
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Unravelling Common Bank Scams and How to Stay Safe
Charles James Financial Planning
by James Thorpe
2M ago
In an era becoming more and more reliant on digital transactions and online banking, the threat of falling victim to bank scams is more prevalent than ever. The importance of safeguarding your hard-earned money cannot be understated. Here, we'll delve into the rising threat of bank scams, dissect common scams, and equip you with practical tips on how to protect yourself. Section 1: The Rising Threat of Bank Scams Financial fraud has evolved into a complex web of deceit, with scammers employing increasingly sophisticated tactics to exploit unsuspecting individuals. Understanding the nature of t ..read more
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Savings Accounts: Your Guide to Making the Right Choice
Charles James Financial Planning
by James Thorpe
3M ago
Introduction Choosing the right savings account can be a challenge. We’ve seen savings accounts going up to 5.25% interest on easy access and 6% on fixed rates. Here, we'll provide a short, concise guide on how to select the ideal savings account and weigh the pros and cons of savings. Section 1: Choosing a Savings Account Start with your goals: Determine your financial goals, whether it's an emergency fund, a down payment for a home, or retirement savings. Are you saving for a rainy day, a big-ticket purchase, or long-term retirement? Your goals will influence the type of savings account tha ..read more
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Retirement Planning: Building a Comfortable Nest Egg
Charles James Financial Planning
by James Thorpe
5M ago
Retirement is something that seems to approach often out of nowhere. The classic saying, the earlier you start, the better is definitely one that rings true, so how do you actually go about putting a retirement plan into place? In this blog post, we delve into the intricacies of retirement planning, offering valuable insights and guidance to assist you in constructing a financial foundation for your post-work years. From understanding the State Pension scheme to navigating private pension options and prudent investment strategies, we're here to illuminate the path towards building a comfortabl ..read more
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How Much Money is Enough? Understanding Your Retirement Finances
Charles James Financial Planning
by James Thorpe
7M ago
As you approach the milestone of retirement, it's natural to contemplate the financial aspects that come with this new chapter of life. Retirement is an exciting phase, filled with opportunities to pursue your passions, travel, and spend quality time with loved ones. However, to truly relish the freedom that retirement offers, it's crucial to gain a clear understanding of how much money is enough to sustain your desired lifestyle. Retirement need not be a period of financial stress or uncertainty. With informed decision-making and thoughtful planning, you can embark on this new journey with co ..read more
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Investing Myths: Debunking Misconceptions
Charles James Financial Planning
by James Thorpe
10M ago
Investing is a powerful tool for building wealth and achieving financial freedom, but it's not always easy to separate fact from fiction. Unfortunately, there are many investing myths and misconceptions that can hold people back from taking advantage of the benefits of investing. Here, we'll debunk some of the most common investing myths and provide practical advice for a better financial future… Myth 1: Investing is only for the rich This myth is perpetuated by the popular belief that you need a large sum of money to get started with investing. However, the truth is that anyone can start inv ..read more
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Is Investing Worth the Risk?
Charles James Financial Planning
by James Thorpe
11M ago
Investment risk is the possibility of losing the money you invest, or not achieving the expected returns. The uncertainty of investment outcomes stems from a number of reasons of which include: The markets do something unexpected Negative publicity affects a firm in which you hold shares Currency fluctuations impact the value of your investment The natural human incline is towards certainty, so why take a risk with your money? Taking calculated risks with investments provide the opportunity to beat inflation as investments can and hopefully appreciate over time. Section 1: Finding the ..read more
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Our Student Support Philosophy
Charles James Financial Planning
by James Thorpe
1y ago
Our CEO, Dean Thorpe, has recently joined the Unlocking Potential Hub, a project led by Workpays that supports students with their ‘What Next?’ question. Dean has always been passionate about helping young people create and strive towards their goals both in their careers and life in general. A number of our team started their journey with us as a work experience student or intern from University. This video is Dean’s introduction for students who are asking ‘What Next?’ and may be considering joining the financial services industry. It outlines why Dean chose to get into the industry, why he ..read more
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Budgets: How to Create and Stick to them
Charles James Financial Planning
by James Thorpe
1y ago
Budgeting is something that many people overlook. Whether you want to pay off debt, save for a down payment on a house, or simply get a better handle on your finances, creating a budget is likely to be a good tool to help you. Although it seems like a simple enough task to construct a budget, if you don’t know where to start, it is easy to come unstuck. That's why in this beginner's guide, we'll walk you through the steps of creating and sticking to a budget. From assessing your current financial situation to setting financial goals, creating a budget, and tips for sticking to it, we'll cover ..read more
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From Cameroon to Sheffield
Charles James Financial Planning
by James Thorpe
1y ago
A conversation with our university intern Ronald Azechio Question 1: Tell us about yourself and the journey you have had so far leading you to work for CJFP as an intern: Originally from Cameroon, I came to the UK after my A-levels to pursue a course in Aerospace Engineering. Being a STEM student from inception, I was curious to explore different realms that will boost my understanding of the modern economy as well as discern which instruments will make the determinants of success in the next decade or two. Having noticed how promising financial services were in an ageing society and how vital ..read more
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