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Email: office@bloomfieldfinancial.co.uk

Call: 0191 406 6453

The Christmas Hangover....debt!

Written by Dee Bloomfield

 Discarded Christmas Tree

Christmas is over and done with for another year and the tree has been taken down in the Bloomfield Household. It was a lovely Christmas seeing the children open their presents and get excited at all the lovely new toys they had received.

The shopping was predominantly done by me this year and to be honest I could not tell you the exact figure of how much we spent on the kids, each other, family members, even though we did agree a budget. Then you have to take into consideration the extra food we bought as well as extra Christmas decorations, gift wrap etc the list could go on! The fact that I didn’t know what I had spent scares me a little and this left me with one question,

What is/was the average amount spent for Christmas 2019?

Read more: The Christmas Hangover....debt!

Top 5 UK Savings Rates - Every Week In Your Inbox

Written by John J Bloomfield

For a little while now we have been offering our pension and investment clients who have an ongoing support package from us a cash management service, whereby we advise on how to structure cash savings to get the best possible return on those savings.We have also made it available to those who do not have an ongoing package at a fixed cost.

We are aware however that many people who do not need/want the full service would find it useful to receive a regular update on the best rates available so once a week on a Friday we will send out an email with a PDF attachment that lists the best available interest rates in the mainstream categories.

The list will contain the top 5 accounts for Instant access and 1,2,3,4,5 year term accounts in the following categories;

  • Standard Savings
  • Cash ISA Accounts
  • Help to Buy ISA
  • Junior Cash ISA
  • Regular Saver Cash ISA
  • Regular Saver
  • Children's Accounts
Read more: Top 5 UK Savings Rates - Every Week In Your Inbox

Funding your own funeral.

Written by John J Bloomfield

Having recently suffered a loss of my own and simultaneously having the family of a client go through the same my mind has turned to the various ways in which we can fund our own funerals to remove the burden from our families of worrying about how to pay for the funeral.

"How much will my funeral cost?" is a difficult question to answer there are a huge number of variables from the obvious like cremation or burial to where you happen to be living at the moment, the table below from the Royal London National Funeral Costs Index shows the variation even just in the North East of England.

Read more: Funding your own funeral.

New First Time Buyers Guide....Coming Soon.

Written by Dee Bloomfield

FirstTimeBuyerGuide

Many moons ago John wrote a helpful guide for first time homebuyers that not only covered mortgages and associated insurances but also a lot of practical advice on buying your first home including viewings, estate agents, conveyancing and practical tips for budgeting etc. we used to get great feedback on how useful it was. As things changed overtime it became a little out of date so he withdrew it with the intention of updateing it at some point and now that I have taken over the vast majority of the mortgage work here at Bloomfield Financial I thought I would pick up where he left off and get a new guide out there.

So I thought before I get going properly i would ask you what as a First Time Buyer you would like to see in the guide? And if you're not a first time buyer then what do you wish you had been told when you were?

Read more: New First Time Buyers Guide....Coming Soon.

What's Your Perspective On Retirement?

Written by John J Bloomfield

billionphotos 1902432When I was 16 years old my Grandad died suddenly, it was devastating for me and it took quite a long time to get over the shock. Eventually though you start to accept these things as he was old. However as I got older I realised he was only 66! To a 16 year old that was old now as a 37 year old I realise when I’m 66 I won't even be old enough to claim my state pension.

Perspective is a powerful thing it frames how we see the world.

Read more: What's Your Perspective On Retirement?