5 More Financial Predictions for 2019

While no one has a crystal ball that can accurately predict just what is going to happen in the fiscal realm in 2019, those who watch all the indicators have some informed thoughts on what will be influencing the movement of money this year. Here are some of the more important trends.

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Price caps on energy will stay coming into play, but they are likely to go up as wholesale energy prices rise. It might be worthwhile checking the tariff you are on, as there may be better deals available. For more on the price cap issue, see this report in The Guardian.

With more global turmoil daily, expect currency trading to reflect this. The pound is likely to be all over the place, but if you plan ahead for buying your holiday currency, you should be able to get better deals.

During periods of low interest rates, putting money into Premium Bonds continues to be an attractive option. Plus there are opportunities to win some prizes, and currently they are making two people each month millionaires with prizes of a million pounds.

Think Ahead

It is quite likely that in 2019 you will receive a bill that is completely unexpected, and you may struggle to pay it. Try to set aside some money each month to take care of unexpected expenses. Another unexpected and unwelcome event may be the death of someone close to you. Making it even worse, they may die without a will. Having a will in place can prevent a lot of disputes and heartaches.

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Meanwhile, the property market may remain sluggish, which means it could be a good time to buy. As always, conveyancing will need to be done properly. If you want to find out more regarding options for conveyancing solicitors Manchester, then it would make sense to check out a reputable firm such as https://www.samconveyancing.co.uk/conveyancing-solicitors/conveyancing-solicitors-Manchester and find out what advice and guidance they can provide on conveyancing solicitors Manchester.

The experts do see volatility ahead in this coming year. The best way to prepare for that is to be sensible with money and make sure there is a buffer fund to deal with emergencies. Managing money sensibly can reduce stress considerably, and having money to draw on to pay unexpected bills can boost well-being more than purchasing gadgets.