Archive for May, 2009

Simple Changes Can Yield Big Savings Around The House

Posted in Money Saving on Friday, May 29th, 2009 at 09:56 by Martyn Shaw.

Even with the economy showing the first signs of recovery, many households are still looking for ways to trim costs around the home and free up resources for other purposes, such as making extra payments on a car loan, rebuilding savings, or paying down the balance on a secured loan. Fortunately, there are a number [...]

Overdraft Fees – Safeguard Yourself

Posted in Banking on Friday, May 29th, 2009 at 09:54 by Jessica Haynes.

News that Barclays is increasing the overdraft interest rates on several of their account offerings serves as a reminder that overdrafts can cause a carefully planned budget to unravel quickly, especially if the budget is very tight. With this in mind, it is important to take steps making it more difficult to create an overdraft with any of your bank accounts.

Lower-Paid Workers Often Choose to Not Participate in Pension Plans

Posted in Savings & Investments on Friday, May 29th, 2009 at 09:53 by Martyn Shaw.

Data released by the Office for National Statistics shows that participation in employer-sponsored pension plans is significantly less among workers who earn modest salaries or wages. The recently released Pension Trends Report for 2008 indicates that no more than thirty two percent of employees with lower incomes participate in a plan, with women more likely to participate than men.

Are You Saving Into A Pension?

Posted in Savings & Investments on Thursday, May 28th, 2009 at 12:00 by Jessica Haynes.

A survey recently commissioned by the BBC indicates that half of UK citizens are not currently saving into any type of pension. Of that figure, a majority of people under thirty are not involved with a pension. While the figures are slightly better for people between the ages of forty to sixty, the number not participating in this form of retirement plan is still significant.

Loan Sharks Are Not the Way to Go

Posted in Debt, Loans on Thursday, May 28th, 2009 at 11:57 by Jessica Haynes.

loan-shark1

Disturbing figures from the Department for Communities and Local Government indicate that many people who are unable to secure credit elsewhere are turning to unlicensed lenders. Organisations such as the New Local Government Network expect the number of households dealing with loan sharks to increase, as more and more people find it hard to obtain finance in any other fashion. However, there are severe consequences that go along with obtaining a loan in this way.

Work Opportunities Limited for Graduates

Posted in General on Wednesday, May 27th, 2009 at 09:15 by Jessica Haynes.

According to a survey conducted by the Chartered Institute of Personnel and Development, young people graduating are likely to find work very hard to come by. Of the businesses participating in the survey, half indicated they would not be seeking additional employees for temporary or permanent positions.

Will You Have To Work More Years Than Planned?

Posted in General on Wednesday, May 27th, 2009 at 08:02 by Martyn Shaw.

One of the ill effects of the recession has been the undermining of retirement plans for many people across the United Kingdom. For some, the change involved redundancy and a need to rethink retirement strategies that once seemed so reliable. For others, general economic conditions have meant that pension plans are not likely to provide the income once thought, making it necessary to develop other ways to establish and maintain a strong financial base for later years.

Bagging Bargains at the Summer Sales

Posted in Credit Cards on Wednesday, May 27th, 2009 at 07:59 by Martyn Shaw.

bargain-hunter

With retail beginning to enjoy a resurgence, many stores will be actively competing for consumer business. This is an excellent set of circumstances for shoppers who know how to use promotional sales, discount programmes, and other strategies to purchase what they need for well below the normal retail price.

Could A Home Business Augment Your Income?

Posted in General, Tax on Tuesday, May 26th, 2009 at 10:01 by Martyn Shaw.

In tight economic times, it is not unusual for people to look for creative ways to supplement other income already coming into the home. Thanks to the Internet, many people are finding it possible to create modest but consistent secondary incomes by either setting up a home business with an Internet presence, blogging online, or taking on freelance work in the evenings.