How to sort out your finances for 2014

It is hard to be happy about your finances in January. Most of us have something to worry about. A Which? survey just out shows that 49% of people expect their household budgets to be tighter this year than last (only 30% expect improvement); 42% used credit to pay for Christmas; 2.5 million people don’t expect to repay that debt until June; and 60% are already dreading their winter energy bills. Then there is retirement.

A December survey of high-net-worth individuals showed that, even for them, the top financial resolution for 2014 is to save more for their retirement [...]

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