Property News · October 1, 2016

Do a financial health check and midlife needn’t mean a crisis


Debts, children, pensions, property … your finances can often feel squeezed from all sides when you hit middle age. But it’s not too late to turn it all aroundA quick glance at the bank balance, let alone a credit card bill or mortgage statement, is enough to throw many middle-aged people into a crisis. Money just seems to disappear. Whatever happened to the spacious home you dreamed about? The pension pot? The fund you were going to set up for the children’s university fees?Despite wages peaking between the age of 40 and 49, according to Friends Life, having children later in life – births among women aged 45-plus have more than doubled in the past decade, and births among women aged 40-44 have risen by just over a third – means this can be a cash-strapped time for families. Many in this age bracket are also supporting elderly parents. And that’s when things are going well. Continue reading…

Source : theguardian.com
Read more…Do a financial health check and midlife needn’t mean a crisis

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