Monthly budget sheet

Boost your financial wellness in 2023

Finances can be a source of stress for most of us, but it doesn't have to be that way. With the right knowledge and tools, you can begin to take control of your finances and become more financially secure in 2023. This guide explains our simple yet powerful ideas to help you achieve financial wellness and freedom in the new year.

Life insurance not at the top of your list?

If you are yet to sort out a policy or even if you haven’t even started thinking about life insurance yet, there are multiple reasons why life insurance should be at the top of your to-do list in 2023, especially when it comes to feeling financially secure.

Aside from the peace of mind of having a life insurance policy in place, it can provide your loved ones with a financial safety net, if the worst were to happen to you.

By letting Busy Bee help arrange your cover, your life insurance policy would have so much more to offer than just a lump sum pay-out. We can create a tailored life insurance policy, suited to your individual circumstances, with annual reviews to ensure your cover always stays relevant to your lifestyle.

Your bespoke policy can also support you within other areas of your life, with many of the leading life insurance providers we work with offering *free additional benefits when you take out a life insurance policy with them. Click the button below to start your free quote today and be one step closer to sorting your life insurance.


Credit is crucial

Don’t underestimate the power of your credit score and why you should be paying more attention to it (if you don’t already). Firstly, it’s worth noting that your credit score will not impact your ability to get life insurance, your credit score will never be checked when you take out a policy with us.

If you have no idea how to check your credit score, it can be as simple as downloading an app or using a popular website and there’s plenty of apps you don’t have to pay for either. Put simply, having a good credit score is essential if you want to be able to buy a house, get a loan or get a credit card - the higher your credit score, the better your creditworthiness and the better credit loans you can get.

If you check your credit score and discover that it’s lower than you expected, don’t panic! There’s plenty of advice out there and people who can help you; Citizens Advice have lots of information about this on their website and can help you, if you need it.

Why not start 2023 off the right way and work on your credit score? You don’t need to do anything extreme to find out your personal score either, there are so many apps and websites out there that can provide you with an accurate representation of your credit health. One of the most popular websites is AnnualCreditReport.com and there are loads of apps available such as ClearScore, Credit Karma and Experian (just to name a few).

Why income protection should be on your radar

When it comes to life insurance, it’s not one size fits all. The policy that works for you, might not work for someone else as it’s all based on your personal circumstances and everyone’s cover is different.

Income protection is a type of policy that specifically protects your income. By paying a monthly premium each month to keep your cover in place (this is the same with all life insurance policies) you will be covered if you are off work because of illness or injury.

With NHS waiting times now sky-high, with an estimated 7.2 million** waiting to start treatment at the end of October last year, this type of cover has never felt more important. Your income protection policy would pay-out monthly instalments of cash directly to you, acting like a replacement income whilst you’re unable to work.

An income protection policy can cover up to 50-70% of your monthly income, meaning that you would have a chunk of money to help you pay for the essentials in life (think the weekly food shop, vets bills, childcare costs, the bills). Think of income protection as a helping hand, there for you, if times get tough.

Create a budget & track your spending habits

Having a clear understanding of your current financial situation is essential for improving your financial wellbeing. A good way to start this process is by creating a budget for yourself, with realistic numbers that align with your goals and plans.

Once you have an established budget, tracking your spending habits will give you an accurate picture of where your money is going each month, helping to identify any areas of unnecessary or careless spending.

Something as simple as a spreadsheet could help you track your spending and when it’s in front of you, written in black and white, you may begin to see a pattern of unnecessary spending.

Cover your debts

By taking out a life insurance policy with our team of experts at Busy Bee, you can ensure that any areas of financial risk you may have, are covered correctly.

We will always ask about any debts you may have, including your mortgage, to work out exactly which areas of your life need to be covered. We can assess your debts in relation to your annual income, savings and any of your other important financial details to ensure that you are fully covered by your life insurance policy.

With any of your outstanding debts covered, you can feel at ease knowing that if the worst were to happen to you, your loved ones wouldn’t struggle with the financial burden of paying any of your outstanding debts. To start your life insurance journey today, click the button below.



*Free benefits are not contractual and may be changed or withdrawn in future.

**Statistic from Sky News