Twigg suggestions for educational decisions

It’s natural to realize our independence with financial decisions, but some believe schools should share the privilege.

09:02 20 June 2013

Stephen Twigg of the Labour party recently stated that all state schools in England should have the same independence to control certain areas of education, such as curriculum, budget, and school calendar.

Some feel that this would not be an intelligent move where education is concerned, but when it comes to our own finances, we have all the independence necessary to make our own financial decisions.

Here are a few suggestions to help you make beneficial financial decisions.

• Make a list—before you rush into anything, make a written or electronic list of the pros and cons of the situation. Highlight any situations which could evolve from your main financial decisions. Try to see the outcome from every angle possible.

 

• Alternatives—if the list of pros and cons comes out a little more even than you would like, you may want to also consider alternatives that might reduce the risks, or improve the positive result from any financial decisions.

 

• Comparisons—many financial decisions involve the possibility of loans, refinancing, or other decisions. Whenever decisions involve those types of things it’s important to do some comparing to make sure that you get the best deal available.

 

• Investments—if your financial decisions involve anything to do with investments, it might be a good idea to consult an independent financial advisor to get suitable advice.  You might consider an investment portfolio that can maximize the results of your investment and minimize risks.

 

• Calculators—there are some simple free calculators to help you out with any of the more difficult financial decisions you might face in your life. You can get help planning for retirement, figuring out the right amount of insurance cover, or how much you need to purchase in annuities to get the income you will probably need in your later years.