Archive for July, 2010

Take Care When Switching Financial Institutions

Posted in General, Money Saving, Savings & Investments on Friday, July 30th, 2010 at 10:17 by Jessica Haynes.

Bank

The rash of unfamiliar banks touting their excellent interest rates of different type of accounts has some consumers wondering if they should make a switch. While there is certainly the possibility that moving your accounts to a new institution would allow you to earn more interest on your savings while trimming costs for other bank services, it is important to look below the surface before making any changes.

Monitoring Interest Rates on Your Accounts

Posted in Credit Cards, General, Money Saving on Thursday, July 29th, 2010 at 11:21 by Martyn Shaw.

Interest rates and charges

Knowing what type of interest is being applied to all your accounts is extremely important. This is equally true for accounts that earn you interest, such as a bank savings account, as well as credit cards where you are assessed interest on the outstanding balance. Unfortunately, the account provider will not always be proactive in alerting customers of changes in the interest rate, so it is up to you to plan a strategy for keeping on top of the situation.

Why You Should Start a Pension For Your Child Now

Posted in General, Money Saving on Wednesday, July 28th, 2010 at 13:25 by Jessica Haynes.

Coins in a baby bottle

Most people think of pensions as something that one establishes after entering the work force, either using a private pension program or one provided by an employer. Today, many people are rethinking the concept of the pension, and beginning to see it as a way to set their children on the path to financial security. There are several other compelling reasons why setting up a pension plan for your child is worth considering.

Why You Should Buy a Home Now

Posted in General, Money Saving, Mortgages & Property on Tuesday, July 27th, 2010 at 10:18 by Martyn Shaw.

ForSale300x200

Word that house prices dropped slightly in recent months is slowly spreading through the ranks of prospective homeowners. While some are understandably leery of this phenomenon, and some of the mortgage deals on the market today designed to encourage people to buy new homes, there are a few reasons why you should go ahead and make the commitment. Here are a few of those reasons.

Making Your Home More Energy Efficient

Posted in General, Money Saving on Monday, July 26th, 2010 at 10:49 by Jessica Haynes.

Energy Efficiency rating

Talk of adding a so-called green tax to homes as part of the cost of buying a home has received a lot of attention recently. Regardless of how whether the tax ever sees the light of day, there is no debate that an energy efficient home is a more desirable option. Here are a few ideas to make your home more environmental friendly as well as easier to heat and cool throughout the year.

Planning for Long Term Care Now

Posted in General, Money Saving on Friday, July 23rd, 2010 at 10:07 by Martyn Shaw.

Health and money

As more people turn to methods other than employer pensions to create resources for old age, one area that is sometimes overlooked is that of long term care in the event of a disability. Even with the best planning, an extended illness or a permanent disability can quickly consume resources that would have lasted for years otherwise. That is why it is so important to address this aspect now rather than later.

Is Your Debt Load Causing Health Problems?

Posted in General, Money Saving on Thursday, July 22nd, 2010 at 10:15 by Jessica Haynes.

Piggy Bank Plaster and Pills

Most of us have long known that having a lot of debt can bring on periods of melancholy as we struggle to pay what we owe. What everyone may not understand is that the stress connected with owing a lot of money can do a lot more than bring on a case of the blues. In fact, worries about debt can lead to the manifestation of a number of health problems.

Budget Tips for Singles

Posted in General, Money Saving on Wednesday, July 21st, 2010 at 10:52 by Jessica Haynes.

Monthly Budget

Being single does not mean you can’t budget effectively. While households where two spouses or partners both contribute to its upkeep means that no one individual is bearing the entire load, singles can actually utilise their status to their advantage and offset some expenses that couples, especially those with children, incur every day. Here are some ideas on how singles can reduce at least a few expenses.

Protecting Yourself from Phone Scams

Posted in Credit Cards, General, Money Saving on Tuesday, July 20th, 2010 at 10:14 by Martyn Shaw.

phone in a trap

While being on the lookout for online scams is important, consumers should also be wary of unsolicited telephone calls that claim to be from well-known businesses. Scams of this type are usually designed to defraud victims by gaining access to bank account or credit card information that is subsequently used without the knowledge or consent of the account holder. Here are a couple of suggestions on how to protect yourself from telephone scams.

Managing Finances during a Life Crisis

Posted in Credit Cards, General, Money Saving, Mortgages & Property on Monday, July 19th, 2010 at 11:37 by Jessica Haynes.

Filofax - Finances

While maintaining a balanced budget is difficult in the best of time, keeping a firm grip on finances during some sort of life crisis is especially challenging. The death of a loved one, the loss of a job, or going through a divorce all have the ability to derail a budget and plunge a household into a financial state that can take years to recover from.