Reviewing your spending has come into sharp focus in 2020, particularly as we emerge from lockdown due to Covid-19. For some people, reviewing this makes sense as they have simply gone through a period of much lower spending than normal. For others who are facing a loss of job or a reduction in income, it is out of necessity. For everyone, there’s an opportunity to save more into the future.

As we emerge from lockdown and the world is getting back to some sort of normality, unfortunately for some people the pandemic has had quite a significant impact on their income. We’ve had a small number of queries from clients in this situation who are looking to reduce their expenditure. One or two people have queried whether they should cut back on their levels of life assurance and specified illness cover. 

New research by TAM Ireland, which was conducted by B&A, sheds some light on the finances of Irish consumers during the Covid-19 lockdown, their purchase intent and their views of the media.

Against such a turbulent market backdrop, which behavioural issues should we be most concerned about?

The world is experiencing a seismic demographic shift—and no country is immune to the consequences.

Much like going for a run or eating your greens, saving your cash offers long-term benefits, but is not always appealing. 

You can use the Rule of 72 to estimate how long it will take for your savings or investments to double, assuming a steady rate of return.

Does money incentivise kids?