Comments on: Managing Your Finances And Preparing For The Worst http://www.moneywell.co.uk/blog/banking/managing-your-finances-and-preparing-for-the-worst Personal Finance Guide Wed, 17 Feb 2010 23:36:46 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.moneywell.co.uk/blog/banking/managing-your-finances-and-preparing-for-the-worst/comment-page-1#comment-35923 Anonymous Wed, 02 Dec 2009 14:53:52 +0000 http://www.moneywell.co.uk/blog/?p=433#comment-35923 What I always found ironic was these banks and other financial companies that try to help their customers by offering "financial advice", which I would expect to be things like don't spend so much or "instead of putting that much into savings, maybe you should concentrate on paying off your debt"... you know advice. Then when you turn up for your financial advice session your just end up getting sold stuff. "Have you got adequate insurance?", "have you seen our mortgage options?", "would you like a quote on a consolidation loan?". Stuff that means you end up paying out more or getting further into debt. Really helpful thanks a lot, bank. What I always found ironic was these banks and other financial companies that try to help their customers by offering “financial advice”, which I would expect to be things like don’t spend so much or “instead of putting that much into savings, maybe you should concentrate on paying off your debt”… you know advice.

Then when you turn up for your financial advice session your just end up getting sold stuff. “Have you got adequate insurance?”, “have you seen our mortgage options?”, “would you like a quote on a consolidation loan?”. Stuff that means you end up paying out more or getting further into debt. Really helpful thanks a lot, bank.

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