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14 Mar 2017

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We are all guilty of putting things on the long finger – whether it’s the Everest of clothes that needs ironing at the bottom of the bed or finally writing the thank-you notes from your wedding.

The American self-help guru Napoleon Hill once said that “Procrastination is the bad habit of putting off until the day after tomorrow what should have been done the day before yesterday”.

There are things like life assurance and the kids’ college fund that niggle away at the back of your mind too – and once they are done, they are done. However, it can be hard to get a handle on it all and actually get cracking.

Here’s a look at the things most people put off – and how you can try not to follow their lead!

Starting a rainy day fund

Nobody really has extra money. No matter how much you earn; there’s always something that you need to spend it on. But what if you lost that income?

What if you (or your partner) lost your job? According to most financial advisors – you should aim to have a stash of at least six months of net income—should you run into a job loss, hospital visit or any other “oops!” of the more dramatic variety.

We’ve got a range of products to help you save for that rainy day. A financial umbrella if you will!

Setting up a life assurance plan for your family

Nobody really likes thinking about what will happen after they pass away. It’s just not something we want to dwell on. But giving it an hour or so of your time could mean the difference between your family being comfortable or enduring serious financial difficulty in the event of a tragedy.

Life assurance gives you great peace of mind and doesn’t cost as much as you’d think. It’s one thing you shouldn’t put off really.

Shopping around for the best providers

It’s hammered into everybody but it’s still surprising when you hear how many people don’t shop around when it comes to their bills. We know it’s sometimes a disaster dealing with customer service and waiting on the phone for an eternity for some providers – but the savings are well worth it.

Whether it’s insurance, broadband and phone providers or your car insurance – there are serious savings to be made if you don’t switch regularly. Why? Because the companies competing in these areas want to attract new customers so they have the best offers to entice them.

Switching regularly means you could save big-time. Switching electricity suppliers could save you up to €250, you could save another €200 on your broadband and €400 on car insurance. That’s €850 in savings. Not bad for a few hours on the phone.

Plan for retirement

It’s staggering that only 50% of Irish people have a pension. That means that half the country will have to make to do the State pension (currently €233.30). Could you live on that amount? The earlier you start a pension – the less it will cost you in the long run to maintain your standard of living.

A pension plan helps give you the freedom to choose how to spend your time in retirement, and our specialist advisors available in EBS offices nationwide are available now to help you plan for your golden years.

Getting off the couch

Did you know that 34% of Irish people never exercise? That means one in three of us never exercise. Ever. Exercising makes you healthier, happier and more energetic. So – our advice is – put on a pair of trainers and just go outside.

Whether it’s for a walk or a run or a cycle – just try to get outdoors for a half an hour a day. Don’t bother with a gym membership either as around 85% of people quit the gym after one month. If you really want to go to a gym – use the pay as you go option.

Take control of your future and book a Free Financial Review Today

Why not book your free financial review with EBS now to take the hassle out of your finances? We’ll look at your personal goals and help make your future a lot brighter.

The content of this blog is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the information in this blog which does not constitute any form of advice or recommendation by EBS d.a.c.

EBS d.a.c. neither accepts nor assumes any responsibility in relation to the contents of this blog and excludes all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law.

EBS d.a.c. is regulated by the Central Bank of Ireland.

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