Reviso UK

  There is no doubt that everyone decides how to manage their personal finances, but the reality is that we are not always able to adhere to a strict and effective methodology. In this context, we analyse the  personal balance   sheet, a useful tool that can take into account certain corporate financing concepts to the  family economy . What is a personal balance? Personal balance sheets are reports that assess the financial situation of a national economy. All domestic economies consist of a range of income and expenditure. In a personal balance sheet the aim is to bring them together and put them in order.  These balance sheets include the three main financial elements and are described in detail:  assets ,  liabilities  and  equity . Let's go into detail about each of them. The Assets These are the Assets you own: real estate, bank accounts, deposits, bills of exchange, Bonds, shares, shareholdings ...  If you want more precision in y...

  Who has never considered how they will live and more importantly to what standard once they retire? Retirement is a situation many of us at a certain stage in our life consider and this poses a lot of questions, what will my  level of income be once I retire ? and can I continue to maintain my current lifestyle or will I have to cut back on a lot of things? The question about the future of retirement pensions is a taboo subject in the discourse of many political leaders, as it can lead to unpopular conclusions. But what is clear is that maintaining the same lifestyle once our working life has come to an end is, at the very least, a sobering thought. Therefore, it is worth looking  for alternatives to complement future public  retirement pensions that apply to us. There are many possibilities but one of the most common are the  Pension Plans . What are pension plans? A Pension Plan is an  insurance, regulated and guaranteed by law,  whi...