Advisers speak to young adults about importance of personal finance

The talk came as part of Hills Road Sixth Form College’s progression week and advisers from Fiducia Wealth Management were on hand to offer advice on starting their saving early.

As part of his presentation about how to save for a deposit for their first home Michael MacLeod, trainee financial adviser at Fiducia, said: “Making small sacrifices can make a huge difference. By skipping that £3 coffee each day, you’ll save £1,000 over the course of a year. If you put that in to a lifetime ISA, you’ll receive a further 25% from the Government giving you a total of £1,250 by Christmas. By making that small change in your daily habit, a house deposit it within reach.”

Mr MacLeod was followed by Josh Gupta, chartered wealth planner at Fiducia who went in to more depth about how they could invest their money and save for their retirement. “Who wants to be a millionaire?” he asked the gathered audience and all hands went up in the air. He then talked them through a number of ways to achieve that