Wisdom from Oscar Wilde

“When I was young I thought that money was the most important thing in life, now that I am old I know that it is” – Oscar Wilde.

During the Celtic tiger years, it may have seemed that spending money,
was for most people their main objective. Now that we are living through
the austerity years, saving money for many of us is a major priority.

Recent CSO figures have consistently shown an increase in the level of
household savings, clearly many people are now making sacrifices in their day to day spending in order to save more of their hard earned cash. 

The increase in the level of savings, starkly illustrates a new reality,
"financial fear", we now need to build up savings to offset the potential effects of a "rainy day", for the future cost of our Children's 3rd level fees, or for the drop in our income, if and when we stop work. The increase in saving reflects an overall sense of reality, that the state won't be picking up the tab to the same level it has been, for many of the services and benefits that we all have come to take for granted.

There are many different savings choices out there  from pension to regular saving accounts, and hundreds of investment options  from deposits with a bank, to investing in absolute return funds.   
  
We strongly recommend that you talk to us here in Mount Street Group today, and let us help you to put a savings strategy in place.

Niall Power QFA Grad Dip Financial Planning.
Mount Street Group.