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The first steps to consider when planning your finances.

Managing your money can seem daunting at the best of times. We have experts on hand to help you throughout your financial life, and lots of information here for you to start with.

  • Sort out your financial priorities. This will also help you be clearer about your wider goals in life such as moving house, going into further education, going back into education, or starting a family. You may wish to protect your current lifestyle and be certain that this can continue. Or you may want to ensure that you have enough saved for that big purchase or special event.
  • Take a look at your current income. Are you happy with your salary? What potential is there for pay rises and promotion? Will your income support your lifestyle? Will you be able to support your kids through university? What emergency plans do you have to cope with losing all of your income, or a big chunk of it? This could be a good time to look at your current income and how you can improve on it.
  • There are other things to consider including your health and your family's now and in the future. You may have private healthcare, but is it flexible enough to meet your changing needs? Have you considered how you'd manage if something happened to one of the wage earners? What is your family's 'emergency recovery plan'?
  • If you're a business owner, you need to be aware of how your business interlinks with your personal finances. It's important to be aware of how your business has performed historically. You also need to know how the business stands today – 'who owes us money, to whom do we owe money, and how much money do we have?'. Perhaps of most importance, you need to have a sense of where the business is going in the next twelve months. Having clear sight of this can then help answer questions such as 'how much money I need to maintain my lifestyle', 'how soon I will need access to it?' as well as 'where is it going to come from?'

Prioritising and understanding your goals and objectives are the first steps in planning a successful financial future.

Check if you qualify for advice

If you have £50,000 or more in savings and investments, you may be eligible for HSBC Premier Financial Advice. See the full eligibility criteria.

If you don't qualify for HSBC Premier Financial Advice or if you'd rather not pay for advice, see other ways we can help.

*Our opening hours are Monday to Friday 8am to 9pm and 9:30am to 7pm on Saturday. Calls may be monitored or recorded.

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If you're in your twenties or thirties and haven't started a family yet

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Our opening hours are Monday to Friday 9am to 6pm (excluding public holidays). Calls may be monitored or recorded.

Everyone's circumstances are different and what applies to one person may not be right for someone else. The suggestions above are based on a general assumption of each circumstance and they are not intended to provide advice or recommendation.