MPs urge EU changes to cover more than just UK

If we follow the MPs advice for our own finances we may also see better results.

10:40 14 June 2013

MPs are urging a collective change for the EU over anything specifically geared towards treatment of the UK. In a similar fashion if we were to try and improve our finances, it’s much more effective if we look at our overall budget and plan, rather than focusing on just one element such as loans or credit card debt.

 

The best changes happen when the larger picture can be addressed. Here are some ways to see the larger picture for your own finances. 

 

• Annual review—companies and self-employed people are used to reviewing their finances at least once per year, and usually much more often than that. Doing a thorough review of your finances at least once during the year is a good way to keep some perspective about how things are currently as well as where you want them to be in the future. 

 

• Goals—setting goals helps you focus on the important things in your larger picture. Plans to get out of debt, or establish savings, or purchase an annuity can help you remember the more important things in the state of your finances. 

 

• Scaling back—keeping the larger picture in mind when it comes to your finances can help you easily determine when and how to scale back if it becomes necessary. If you have set goals, and do an annual review, you will know if changes are necessary to meet those goals. 

 

• Perspective—one of the most important things to remember about your finances is that you have a marathon in front of you, and not a sprint. It does not mean you will have forever to accomplish your goals, but rather that you should approach financial goals with an eye towards long-term goals. Having those long-term goals will help keep everything else in perspective and help you make wise financial decisions.