Don't 'forget' about home insurance
Wed, 18 Jan 2006
Many single adults are failing to ensure they have adequate financial products, according to a new study.
The IFA Promotion's yearly saving study shows that one in ten UK singletons are failing to control their finances meaning they often forget about vital products such as life and home insurance.
This failure to cut back on spending and reduce outgoings could mean that many people may struggle to get on the property ladder or save enough to support themselves in retirement.
"Retirement seems a long way off when you are in your late twenties or early thirties but if you don’t start planning for your pension in time it will have a serious effect on your future lifestyle," said David Elms, chief executive of IFA Promotion.
He added: "The only sure-fire way to solve this dilemma is to take some responsibility for your long term finances now and get saving."
Anyone concerned about their current spending habits are being urged to make sure they reduce their outgoings by shopping around for good deals so that they can afford to purchase important products such as home insurance cover. 
© Adfero Ltd
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