It's getting harder to plan: Here's what experts advise before you decide on a major expense or a loan

tportalIndependentCenter2 hr. ago

The article discusses financial planning challenges faced by millions of Europeans due to rising living costs and unpredictable interest rates. Experts advise caution before making major purchases or taking out loans, emphasizing the need to assess budget flexibility and consider both essential and discretionary expenses. Janet Legge, a representative from the Association of Corporate Treasurers, highlights the importance of monitoring economic developments and understanding loan agreements, noting that interest rate forecasts have often been unreliable in recent years. Gilles Bonn-Long warns of continued pressure on living costs linked to geopolitical factors and recommends careful expense management and risk mitigation strategies like hedging for businesses.

Bias read (Center): The article provides general financial advice from experts without taking a stance on political issues. It focuses on economic planning and personal finance rather than political decisions or policies.

N1 HrvatskaIndependentCenter9 hr. ago

Experts warn that living costs could continue to rise due to inflation and high interest rates, advising households and businesses to carefully manage their budgets, debt, and financial risks. With unpredictable price fluctuations and energy cost increases, making major purchases or starting new ventures has become more challenging. Janet Legge, a UK financial risk expert, suggests waiting and monitoring developments before taking significant financial actions. She highlights the uncertainty around interest rate movements, noting that recent years have shown how easily forecasts can be wrong. Gilles Bonn-Long emphasizes the importance of careful spending management, including tracking monthly expenses and planning purchases thoughtfully.

Bias read (Center): The article presents expert advice on managing finances amid economic challenges such as inflation and rising living costs. It does not take a clear ideological stance but rather provides balanced guidance from multiple experts. The framing remains neutral, focusing on practical steps for households