Economic Review – November

We all know that putting things off is all too easy. Is ending financial procrastination one of your goals for 2025? What is financial procrastination? Broadly speaking, financial procrastination refers to a tendency to delay or avoid financial decisions or tasks. Its impacts range from paying bills late to avoiding getting started on retirement planning. In the busy modern world, it’s easy to overlook your financial to-do list. Other causes of financial procrastination include stress and confusion around managing money. Putting off financial tasks can impact more than your money: studies have linked procrastination to negative health outcomes such as depression and anxiety. Signs you’re a financial procrastinator The first

Summer should bring a welcome shift in pace: longer days, warmer evenings, time off and the chance for some well-earned rest and recuperation. Whether you’re planning a trip abroad or staying closer to home, it’s a good time to take stock of life. This extends to your finances too. Take this year’s Autumn Budget, where there’s a good chance the Chancellor will announce new changes to tax rules and allowances. So now might be the right time to prepare for what’s likely further down the line and maximise current opportunities. Long-term thinking It’s been a challenging year for investors, with uncertainty weighing on markets, but short-term fluctuations don’t change the