Improving our financial wellbeing with Rachael Bell Wealth Management.

At Just R, we hold wellbeing incredibly highly, whether that’s emotional, mental, or financial wellbeing, and we have recently had the pleasure of taking part in a session run by Abigail from Rachael Bell Wealth Management to focus on all things financial. The session detailed how finances can impact on wellbeing through various life stages, and was a great way for us to connect as a team and each understand how we can improve the way we plan for the future and invest our money!

The goal of the team at Rachael Bell Wealth Management is to make advice accessible to everyone, endeavouring to make a difference in people’s lives. After all, you’re never too young to think about planning for the future!


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Abigail started us off with some facts, before digging in to what we can all do to improve our financial wellbeing.

It was incredible to hear that 74% of people in the UK have been so stressed about money in the past year, so much so that they’ve felt overwhelmed and unable to cope. There is so much power to be found through conversation, and sometimes simply being able to talk about and express your worries is the first step in making them appear more manageable!

You may think that thinking about investing your money is something that you won’t need to worry about until you’re older, but the sooner you get started the easier and more beneficial it will be! Apparently, 2 in 5 employees worry about money often, and those most affected are younger workers. This is why holding the session was so important, as a relatively young team it is essential for us to be educated on the options available to us to plan for the future.

Abigail made the session really light hearted but informative through talking about three different personas who all manage their money and plan for their future in different ways. We looked at Safe Sophie, Carefree Callum, and Savvy Sam, and explored how they plan for their short, medium and long term futures. For example, Callum only plans for his short term future. He lives to his means, uses his savings to go traveling, and isn’t saving above his workplace pension. Sam, on the other hand, is very prepared for his future, planning for the short, medium and long term! He has bought his own house, budgets for the year, spends time investigating the property market, and has already begun his investment journey with a very diverse portfolio! Everyone in the Just R team could recognise something within the personas that resonated with how we handle our own money, making us start thinking about what else we could be doing.

We looked together at our monthly outgoings, considering home, transport, family, protection and other expenses, with Abigail’s advice being to accumulate a savings pot of around 3 months of expenses (maybe even as many as 6 months with the uncertainty of Covid!) to help with any unforeseen circumstances.

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We explored how to diversify our “portfolio” of investments, incorporating cash, bonds, property and shares, helping to spread the risk!

We also looked at pensions, and how long our pensions need to last us (around 26.8 years for men, and 24.8 years for women!) Your pension is something that seems to just happen in the background throughout your working life, but should you be paying more attention to it? The average single person will receive an annual pension of £11,076, however will require on average £20,000 to live a comfortable retirement, or £33,000 for a luxurious retirement.

It’s important to think about your money in terms of other people too. It’s very likely that your money isn’t just there for you – it’s also there to support your family and loved ones!

Finally, we took a look at different kinds of insurance – people are more likely to have pet insurance than life insurance (we can neither confirm nor deny whether or not we are those people…). We explored what the different types of financial protection are (such as life insurance, income protection insurance, critical illness cover), and investigated how to get started on creating a will. Wills are there to make sure everything you own goes to the right people at the right time, so getting this in place sooner rather than later is extremely important to ensure that what you want to happen will (no pun intended)! Over 60% of UK adults are currently without a will, meaning that 31 million run the risk of dying intestate and having their estate distributed in a way they might not wish it to be.

The session was really insightful for all of us, and allowed us to start thinking about ways in which we could manage our own money better. If you would like to get in touch with Rachael Bell Wealth Management to learn about financial wellbeing yourself, their website can be found here :
Overall, we had a brilliant session and took lots of useful advice away from it!

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