Summary: Establish a Financial Foundation – Begin by assessing your current financial situation by tracking income, expenses, debts, and savings. Set clear, achievable goals and create a flexible budget, such as the 50/30/20 rule, which can help manage finances effectively. Build … Read More
Author Archives: Janet Gogo
5 Reasons to Simplify Your Family Finances in 2025
Summary: Enhance Mental Well-being – Streamlining finances by consolidating accounts, automating payments, and establishing clear budgets can alleviate stress and foster open discussions among family members. Prepare for Emergencies – Organising financial information and utilising tools like the Know Your Dosh app ensures quick … Read More
The Emotional Benefits of Estate Planning
Summary: Achieve Peace of Mind – Estate planning provides clarity and control over your future, ensuring your wishes are documented and your family is prepared, which can alleviate anxiety about the unknown. Strengthen Family Bonds – By addressing sensitive topics … Read More
The Financial Benefits of Early Estate Planning
Summary: Minimise Inheritance Tax Liabilities – Initiating estate planning early allows individuals to leverage tax-efficient strategies such as gifting assets, establishing trusts, and utilising available exemptions. Ensure Financial Security for Loved Ones – By proactively organising your estate, you can … Read More
Why Waiting to Plan Your Estate Could Be a Mistake
Estate planning isn’t just for the elderly or the wealthy—it’s a step everyone should take to protect their family’s future. Shockingly, a 2021 study by Canada Life revealed that 59% of UK adults don’t have a will or any sort … Read More
Know Your Dosh: Startup of the Year Nominee at Plus X Awards
We are absolutely thrilled to announce that Know Your Dosh has been shortlisted for the Startup of the Year Award at the prestigious Plus X Innovation Slough Changemaker Awards. This recognition marks a significant moment in our journey as a … Read More
Inheritance Tax Rules for Non-Residents Owning UK Property
Summary: UK Inheritance Tax Applies to Non-Residents’ UK Assets –Non-residents owning UK property are subject to a 40% inheritance tax (IHT) on assets exceeding the £325,000 nil-rate band. This includes properties held directly or through offshore entities, as legislative changes since … Read More
What Assets Are Exempt From Inheritance Tax in the UK?
Summary: Utilise Key Inheritance Tax Exemptions – Assets such as gifts to spouses or civil partners, charitable donations, and certain business or agricultural properties may be exempt or qualify for relief from Inheritance Tax (IHT). Leverage Annual Gift Allowances – … Read More
How to Include Digital Assets in Your Will in the UK
Summary: Comprehensive Digital Inventory – It’s crucial to list all digital assets, including online accounts, digital currencies, and social media profiles, ensuring they are accounted for in your estate plan. Appointing a Digital Executor – Designating a trusted individual to … Read More
What Is the Best Budgeting App To Replace Mint?
Summary: Top Alternatives Identified – With Mint’s discontinuation, apps like Know Your Dosh and PocketSmith are highlighted as effective tools offering features such as expense tracking, goal setting, and financial overviews. Feature Comparisons – These apps provide various functionalities, including … Read More
