Putting money away for a rainy day is easier said than done and it’s easy for living expenses to spiral out of control and eat into your free income every month. For many of us saving is a desirable idea but isn’t always acted upon. So what can you do to improve your financial outlook and start saving for your future? The first step is…
Most of us have an account that our wages or income goes into, and from there we might funnel some of that cash – if there is any left over – into another account that will earn us a bit more interest each month. But how do you cope when you need to save a large amount of money? It doesn’t matter what the event…
Financial investment is an obvious way to ensure you are prepared for the future. There are many ways to invest your money, but in order to do so wisely, you first have to be intelligent about the choices you make. A savings account arguably offers one of the best ways of safely investing your finances. Obtaining one from either a bank or credit union is…
When it comes to the future, we have all got our own ideas about how we will spend it. Perhaps we will end up buying a bigger house than the one we have now. There might be a particular car that we can see ourselves driving around in. And just think about all the holidays we will have time for once we ease up on…
While standard household insurance gives a policyholder the comfort of knowing that they are covered against disasters around the home, many policies offer only limited accidental damage cover for standard items such as TVs and stereos. However, in most cases accidental damage for other valuable items can be added to policies as a relatively cheap add-on and could prove a good investment, especially if the…
Whilst there can be little doubt that buying a home is a far more prudent option in the long-term than renting, the decision to take that first step onto the property ladder shouldn’t be taken lightly. Indeed, having a long-term financial commitment, such as a mortgage, can stretch many people’s finances to the limit, leaving them with little money for life’s essentials, let alone life’s…
More and more people are opting to insure their lives in order to protect their families from the threat of potential financial hardship in the event that they die or are diagnosed with a terminal illness. But instead of taking out a life insurance policy, some people choose to self-insure – whereby they pay money into a high return savings account instead of paying money…
More and more people are opting to insure their lives in order to protect their families from the threat of potential financial hardship in the event that they die or are diagnosed with a terminal illness. But instead of taking out a life insurance policy, some people choose to self-insure – whereby they pay money into a high return savings account instead of paying money…
Although the cost of fixing a mortgage has jumped up considerably throughout 2008, Brits would still rather choose a fixed rate mortgage deal over a variable rate in order to gain some financial stability from knowing how much their mortgage payments would be each month. Lenders have changed their interest rates on mortgages almost weekly since 2008 began, and most have hiked their arrangement fees…
In the space of only two years the mortgage market has been turned upon its head, sparked by the near collapse and subsequent nationalisation of the Northern Rock, and accentuated by a full scale credit crisis. It appears that the cost of borrowing seems to be on the rise regardless of any movement in the Bank of England base rate. As recently as 2006 prospective…