Archive for February, 2011

Finding the Right Rental Home

Posted in General, Money Saving on Friday, February 25th, 2011 at 09:38 by Jessica Haynes.

According to the English Housing Survey, the number of consumers renting homes rather than buying has increased dramatically in recent years. This is especially true for people who are just starting out or are still recovering from job losses and other setbacks experienced during the recession. The trick is to find the right rental situation, hopefully one that will provide a safe haven while working toward becoming a homeowner one day.

Rethinking Your Credit Card Usage

Posted in Credit Cards, General on Thursday, February 24th, 2011 at 08:10 by Martyn Shaw.

Credit cards are great financial tools that make it possible to make purchases now and pay them off a little later. When used effectively, the cost of these tools is relatively low in comparison to other financial strategies. The trick is to develop a new way of perceiving your cards and learn how to use them so that interest does not accrue and your credit rating remains solid.

Improving Your Circumstances as the Year Progresses

Posted in General, Money Saving on Wednesday, February 23rd, 2011 at 12:21 by Martyn Shaw.

The results of a recent survey by R3 indicate that a number of people are not hopeful about their financial situations. In fact, one in four consumers expect to be in worse financial condition by the end of the year, owing to increasing prices and the renewed possibility of greater unemployment levels. If you are unsure of where you are going financially, now is the time to make some changes.

Choosing the Right Lender

Posted in General, Savings & Investments on Tuesday, February 22nd, 2011 at 17:41 by Martyn Shaw.

When looking for the best deal on some type of a loan, the natural inclination for most consumers is to approach the bank they currently use for their household accounts. At times, this approach works very well and the consumer enjoys competitive rates and terms. Unfortunately, there are times when the consumer could have saved a significant amount of money by doing some comparison shopping.

Planning Your Holiday Wisely

Posted in General on Friday, February 18th, 2011 at 10:36 by Martyn Shaw.

With word that holiday costs are in the rise, many households are making plans now rather than waiting until later in the year. This is actually a good idea, since there is some indications that the costs for holiday packages will continue to increase as the summer months approach. The trick now is to find the best possible prices on the holiday you have in mind.

Why You Should Plan for Retirement Now

Posted in General, Savings & Investments on Wednesday, February 16th, 2011 at 09:37 by Jessica Haynes.

According to research conducted by Prudential, a significant number of people who had planned on retiring this year will not be able to do so. Instead, they will continue working for at least another then years. The reason is a simple one: they don’t have enough in their pension funds and other accounts to maintain an equitable lifestyle during their retirement years.

Are You in Danger of Being Made Redundant?

Posted in General, Money Saving on Tuesday, February 15th, 2011 at 10:29 by Jessica Haynes.

According to information released by the Chartered Institute of Personnel and Development, there is a very good chance that employers will reduce their work forces over the next few months. As inflation eats into profits, some employer may need to trim costs by combining some job positions, making it necessary to declare some employees redundant. For people who are just beginning to feel secure in their work once again, the prospect is not a happy one.

Sellers Dropping House Prices

Posted in General, Mortgages & Property on Friday, February 11th, 2011 at 09:50 by Martyn Shaw.

All across the nation, some home sellers are reducing the asking prices for their properties. This is especially true for homes that have been on the market for some time and have seen little to no interest. For prospective homebuyers who can qualify for a mortgage, this may be an excellent time to start looking around for a new home.

Why Paying Bills on Time Is So Important

Posted in Credit Cards, General, Money Saving on Thursday, February 10th, 2011 at 09:44 by Jessica Haynes.

Part of efficient management of the household budget is making sure that all payments on debts are paid on time, every month. While the temptation to delay a payment in favour of some other expenditure is ever present, households should resist the urge. While there are several reasons, the most important one has to do with the detrimental impact late payments have on the interest rates on your credit card accounts and the damage that the delayed payments have on your overall credit rating.