Over the last couple of months, we’ve been looking at what financial bias is and where it can come from . This month, we explore some of the most common types of financial bias. You might recognise some of the behaviours when you think back to previous decisions you’ve made.
So, here are seven types of financial bias that may affect your decision-making.
We end the year once again growing as a team!
Caroline Sherman joins Becketts as a Trainee Financial Administrator. We already know Caroline very well, and many of our clients will too, as she was an administrator with Beckett Rawcliffe accountants and was posted on the reception desk at Beckett House – so a familiar face in a new role fully with Becketts. We already know Caroline is diligent, has a great eye for detail and buys into our culture of continuous learning and development – as she’s seen it first hand over the last few years! Welcome Caroline!
This year has meant cancellations and a need to rearrange travel plans thanks to Covid-19. Now, as vaccines have been unveiled, you may be thinking about where you can visit in 2021. Whether you hope to visit a destination you’ve visited before or somewhere new, the pandemic may influence your plans as it has done with these seven trends.
If you’re struggling for Christmas inspiration when searching for gifts for children, then don’t panic, there’s sure to be something that will delight them in this list.
Despite the current economic uncertainty, new research by Rakuten Advertising has found families still plan to celebrate with gifts. Seven in ten people plan to spend the same amount over the festive period as they usually would. Shopping habits are changing to reflect restrictions, with 66% increasing online spending and 50% purchasing more from local businesses, finding the perfect present is still a priority.
Naming a Lasting Power of Attorney is something that we should all do. It’s something that can provide us with security if we’re unable to make decisions. While it’s often something that’s associated with being elderly, it’s just as important for younger generations to take this step too.
A Power of Attorney gives someone you trust the power to make decisions on your behalf if you’re unable to. When you think about situations in which you would need this, most people think of losing mental capacity through dementia. But Kate Garraway’s story has recently highlighted why it’s important to have a Power of Attorney in place even when you’re healthy.
The start of a new year is the perfect time to get your finances in order.
A few simple changes could improve your finances in 2021 and beyond, setting you up for a healthier financial future.