Enniscorthy Library is on the money
The New Year message at Enniscorthy Library is all about financial planning for 2017 and last week local solicitor John G Murphy advised the 65-strong audience on matters of Inheritance & Succession Rights, proving to be a worthy follow-up to the practical advice from the Money Doctor John Lowe the previous Thursday.
Both men adopted a down to earth approach, and their common theme was planning, planning, planning. John Lowe stressed the importance of a budget and committing to it saying 'It's not about waiting for the storm to pass, but rather learning how to dance in the rain'. Personal finance, he went on, is 20% knowledge and 80% behaviour. Be aware of the costs of running your current account while he surprised the attendance by revealing it takes 20 years to pay off credit card debt making the minimum repayment every month. Do your budget for the month he said and if your debts exceed 35% of your net monthly income then you could have a problem.
70% of stress in employees is financial and one in four will have a mental health issue. One in two adults with debt have a mental health issue, he stated, and this man knows what he is talking about being the brother of Joan Freeman the founder of Pieta House and Darkness Into Light.
John G Murphy, solicitor with John A Sinnott, Enniscorthy, told the large attendance last week that they had a choice - they could 'let things happen or make a plan. Take control of the present and the future by making provision for your loved ones,' he said. List what you own and what you owe, he went on, and then take the best possible financial advice. Don't wait to see who you should leave everything to, make that choice now - you can always change it in the future as often as you like. If you don't then the law will decide for you.
Following John's guidelines on wills, inheritance and succession rights he was bombarded with questions from the floor due to the huge interest in the topic, answering each in depth and to the satisfaction of the enquirer. John also had an information booklet for everyone in the audience.
These were two most worthwhile and beneficial evenings and well done to Jarlath Glynn and the Library services for this latest innovative programme completely free to the general public.
Coming next on February 9 is a masterclass on smartphones and Mary O'Rourke will speak on her latest book, Letters of My Life, on February 23 and not as previously stated on February 16.