Can you afford to buy a house, pay your child’s university fees or retire in comfort? 

The majority of us are not in the position to cover large, long term costs without a second thought. At Stringer Mann, we know that lack of available funds doesn’t mean giving up on your aspirations. With a manageable spend save strategy, you can reach your goal.

Confidential Financial Planning 

Our cashflow forecasting service takes into account your income and savings, expenditure and debt. This may be the first time that you have sat down and shared details of your salary and spending habits. It can feel daunting or embarrassing, but you can trust that the appointment is confidential. 

Being both honest and realistic is the best policy when it comes to preparing your spend and save strategy. Some steps will take time to implement and may require you to alter your spending habits. Will you make every penny count towards realising your aspirations? 

Only you can decide whether or not to follow the spend and save strategy, but it can put you in control of your money. It is a useful tool in achieving life goals including homeownership, education and a full retirement. 

Improve your Chances of Mortgage Approval 

Whether you are moving out of the family home for the first time or taking the next step up the property ladder, the prospect of buying a home is exciting. It is also an expensive and long-term investment, so not a decision to take lightly.

You need to feel confident that you can afford all the costs involved at the point of purchase and for decades to come. You also need to convince mortgage lenders that you have the financial means and discipline. 

Mortgage lenders are risk-averse, so you need to evidence that you can afford the repayments. With a healthy deposit, income, credit rating and bank balance, you will have a greater range of mortgage options and more favourable terms. 

It is easy to think that you have a good job, so everything will be fine, but a mortgage application is not all about income. You also need to prove that you are capable of money management; do you live within your means? Have you been able to save a reasonable deposit? 

Getting your finances in order, ahead of your mortgage application, will increase your chances of approval. 

Give your Children Opportunities to Shape their Future

You want to give your children the best start in life, a chance to fulfil their potential, but it often comes at a cost. Whether they are planning to study at university, need the tools of the trade to start an apprenticeship or are looking for their dream job abroad, your savings could make all the difference. 

With sufficient planning, it is possible to put aside small monthly amounts into a savings account which will mount up over time. In some cases, investments may be a better option. 

We will take into account your current financial position and the length of time until your child reaches 18-years old. We will then work on an affordable monthly strategy to redirect income into suitable savings options that will help to cover the costs. 

If their plans change, the pot of money could be used as a deposit when they move out of the family home.

Enjoy Retirement without Financial Stress

It is good to know that you have financial plans in place to enjoy a long and happy retirement. The final day at work should be a time of celebration, but many are concerned about whether their pension will be sufficient. 

As part of our cashflow forecasting services, we will enquire about the lifestyle choices that you hope to make in retirement. We can assess your pension and other income to check whether they are sufficient to match your expectations. 

If there is a mismatch between long term funds and your expected standard of living, we will discuss a realistic spend and save strategy that can bridge the divide. Our conversation may even offer reassurance that early retirement is feasible! 

Bespoke Financial Planning 

Together, we can create a tailored financial forecast, based on your lifestyle and goals. We will consider your aspirations, as well as exploring situations that may impact your financial position. We know that no two individuals are alike, so every confidential conversation is tailored for you. 

If you are ready to put your finances in order, call Stringer Mann on 01442 874888 to arrange a cashflow forecast appointment. 

Your home may be repossessed if you do not keep up repayments on your mortgage.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.