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Why Personal Finances Education is CRUCIAL

financial-education


It is not a new dilemma that many today are not aware or educated on what personal finance is. Some may be aware of it but rarely practice it in their personal or business life. The only way one can benefit from knowing about something is to put it into practice.

Personal finance is an essential part of preparing for the future. Whether you are preparing to give your family a better life or simply preparing for your retirement, it is imperative that you understand what personal finance is and what it can do for you as well as how you can manage or practice it.

Junior ISAs

Junior ISAs

Why a Junior ISA

Fund the cost of university or simply give your child a financial head start
 Same tax benefits as a standard Cash ISA or Stocks & Shares ISA
Anyone can contribute (parent, grandparents, extended family and friends)
Open a Junior ISA with an initial investment of just £50

Winter Night Shelter Milton Keynes 2018

MK_in_snow

Remember the cold winter of 2010, the snow, the bitter chill?

Well just over the last few days end of February/early March 2018 we have experienced that same ice cold winter reminiscent of 2010. The very reason the WNSMK was indeed formed was to provide supervised overnight accommodation to homeless and vulnerable people who would otherwise be rough sleeping during the extreme winter months of early December and and mid-March each year. They work in partnership with several Milton Keynes churches that provide their facilities free of charge. A large team of volunteers from across the city come together to cook nutritious meals and provide a friendly safe environment each evening.

Last year 1st Financial Foundations raised money to support the shelter. This year one of our team members volunteered to help out hands on and experienced first hand the good work both volunteers and long term supporters of the shelter provide.

“Its eye opening, no one can quite imagine what it must be like to live on the streets, no hot running water, no tv or mod cons… no privacy or choice.”

New changes for the buy to let sector in 2018

buy-to-let

A busy 2017 for the buy to let market saw many lenders, advisers, and their clients adapting to changes in tax relief and the PRA changes on lending to portfolio landlords. This meant staying on top of the latest news and talking to clients about how this might affect their financial plans.

In December 2017 the government announced that it would proceed with extending mandatory property licensing of houses in multiple occupations (HMOs). On 23 January 2018, Housing Minister, Dominic Raab, stated that, subject to Parliamentary approval, the necessary regulations would be brought into force in October 2018.