Financial Planning Resources

You’re not winging it — you’re living it

I recently sat down with a couple who are the textbook definition of financial sensibility. They’ve saved diligently, invested wisely, and planned carefully. They came to me wondering if they could afford a few extras — more travel, a kitchen refit, some generosity towards their grandchildren.

My answer?

Yes. Without hesitation.

In fact, I went a step further: You should.

Not because I’m flippant about financial security — quite the opposite. But because the planning we’ve done together is what makes these choices possible. It’s what allows you to say yes with confidence. Not recklessly, not emotionally — but as a result of informed, intentional decisions.

The myth of “too soon”

There’s a curious gap in how we think about money. Many high-achieving individuals — even those who are objectively very secure — operate with a deep-rooted belief that they should keep holding back. That it’s too soon to enjoy the money they’ve built up. That they need just a little more cushion. That enjoying it now might mean not having enough later.

The data tells another story.

In the UK, a study by the King’s College London Policy Institute found that a significant majority of people die with most of their wealth intact — in many cases, never having spent or given away money they absolutely could have.

Meanwhile, research from the Institute for Fiscal Studies (IFS) shows that among older adults, the average wealth at death is often not that different from peak wealth earlier in life — in other words, people aren’t spending down as expected.

And that’s not necessarily a success story.

Because what’s left unspent is also often left unexperienced.

Your bucket list deserves a budget

There’s a reason bucket lists are so powerful — they represent dreams, freedom, and moments that money alone can’t buy. But the truth is, many people let those dreams drift into the “someday” column forever.

The emotional payoff of ticking those boxes now — while you’re healthy, active, and surrounded by the people you love — is immeasurable. Research has shown that experiences tend to bring more lasting happiness than material purchases, and that shared experiences, in particular, strengthen relationships and boost wellbeing.

Whether it’s that once-in-a-lifetime trip, the new kitchen that turns into a family hub, or helping your children or grandchildren in a meaningful way while you can witness the impact — those moments matter. And the only thing better than achieving them is doing so with the peace of mind that you’re not putting your future at risk.

Planning isn’t just about restraint — it’s about permission

This is where real financial planning steps in.

Yes, it’s about tax efficiency. Yes, it’s about long-term projections and legacy planning. But it’s also about living well today and understanding how the numbers unlock choices — not limit them.

Because the greatest gift financial clarity gives isn’t just security.
It’s freedom.

A final thought

If you’re reading this and wondering whether you’re one of those people — someone who’s actually in a better position than you realise — I’d encourage you to ask the question.

Sometimes the best financial advice isn’t “cut back.” It’s “go ahead.”

Take the trip. Do the thing. Start ticking the list.

You’ve earned it.

Listen to our podcast, The Century Plan, to learn about the tools and techniques we use to give you the confidence to spend.

ABOUT YELLOWTAIL

Founded by Dennis Hall, Yellowtail are the trusted financial planners who advise affluent individuals & families in the South West and across the UK. Yellowtail’s experts provide the clarity, control and confidence to guide you through financial planning, estate planning, pension transfers and investment management directing your journey towards a prosperous retirement and financial peace of mind.