Tips on Saving and Investment
Investing - Loans - Consumer
Protection - Fraud -
Debt - Credit Rating - Swindles - Mortgages - Credit Cards
Energy Costs -
money to spend on your holiday
- Advance planning can result in significant savings. If you need to
park your car at the airport use long term off-airport parking, you
will be bussed from the airport to another location but that will save
a bundle over short term or even airport long-term parking
you know that changing your money at the airport is really expensive
compared with other sources. Some credit/debit cards offer zero or very
low exchange rates. It is worth checking out with good financial
websites, a good one in the UK is www.moneysavingexpert.com
Your Credit Score
checked your credit score and found it to be less than stellar. The
problem is, you will soon be in the market to buy a new home or new
car. You’ve got to take steps to improve your score or you risk paying
higher interest rates or even worse, not qualifying at all. Credit
scores are used by lenders to indicate a person’s credit worthiness......more
Improving your credit score - advice;
do not keep applying for credit if refused, it looks bad when there
have been lots of searches with the agencies such as Experian etc. also
make sure that when you apply you give a landline telephone number as
your main address
of investing in shares or property. First do a reality check. Do I have
credit card debt and /or outstanding loans? Deal with those first. The
return from investment is not likely to be more than the interest you
"It is OK
sometimes to pull all of your money out of the equities market. Oh and
please don't put my name on the Website" ~~ London stockbroker
Mony a mickle maks a muckle.
(small, insignificant contributions can over time add up to quite a
lot) ~~ Old Scottish saying
Never invest in anything that eats ~ omeomy
not just accept that the rate of interest gives a true picture of the
cost of the loan. Ask what the monthly repayments are, then phone
around and see what other companies are offering. The APR is not always
the true cost of the loan. Most payment protection schemes can add
greatly to the cost of borrowing and are in most cases almost worthless
Keeping a record of all of your transactions, although taking a short
while to enter, can save a lot of headaches and time later. a list
checked against your bank statement is sufficient for those who are not
Budget by putting by one twelfth of your normal yearly household bills
in a bank account each month. Do this with items such as household
insurance's, gas and electricity, water, community charges, car
insurance's and tax etc. When a bill comes in you can pay it with your
mind at ease that the cash is there to meet the bill. Regards, ~~ Ian
of signing anything that isn’t completely filled in. Don’t accept oral
promises, get everything in writing.
Putting your signature to a
piece of paper is something we all do many many times in the course of
a lifetime. Most times the act of signing a piece of paper
has little effect, there are times, however that a small squiggle on a
piece of paper can change a life dramatically and usually for the worse.
there is anything you don’t like in the contract don’t sign it until
the seller has changed the contract and initialled the
Always read the small print on the front and back of any contracts
before you sign them.
Ask for explanations for
anything you don’t understand, and Keep all the relevant
paperwork such as contracts, guarantees, warranties, or receipts. ~~
Don’t Buy large items with
cash. Credit cards can give free insurance, and additional rights. - Sebastian
Returns. Always remember to double-check your arithmetic. Remember to
sign and date the return as well. - Anon
stock market linked bonds. UK Investors should check the small print.
The performance of the bond could be dependent on not one but several
entities performing well. A bit like winning a lottery!
bank Instrument Fraud, (PBI) The perpetrators convince their victims
that there is a hidden international market in bank instruments.
Victims rarely complain.
the UK, for independent debt advice visit www.gov.uk/options-for-paying-off-your-debts
is needed to improve your rating. Ignore the organisations
who claim that they can clean it up overnite. Find out about your
credit rating - US: www.experian.com
the UK www.experian.com
your credit score - advice; do not keep applying for credit if refused,
it looks bad when there have been lots of searches with the agencies
such as Experian etc. also make sure that when you apply you give a
landline telephone number as your main address
The cost of production of both thermal solar and Photo Voltaic solar
panels is dropping significantly year on year and the reverse is true
regarding the cost of electricity and gas from the utilities, OK
Fracking has reduced the cost to some gas users but how long will it
last and what are we paying in environmental degradation and climate
change? David Edmunds
Boilers have improved in efficiency over the years,
you could be throwing away good money because your old boiler is low
efficiency to start with and has further deteriorated over the years.
Check out the current crop of Condensing and Combi Boilers, Your
investment could pay for itself in a couple of years and you will then
be set to save money as energy costs rise - as they must.. Dave
Card Companies Are Out For Your Money You're probably thinking "Tell me
something I don't know" but in this time of low interest rates you
might be thinking that you've got a great deal since credit card
interest rates are low. Wrong. Credit card companies have a cut-off as
to how low their interest rates will go. So when interest rates are low
for lending, that doesn't mean your credit card rate will be low as
well. If you don't know, or aren't sure, if your credit card company
has a minimum interest rate just look at the fine print on your next
credit card bill. If you can't read that small of print, and most of us
can't, give the customer service a call. If your credit card company
does have a minimum interest rate then I'd plan to look around and go
with the credit card companies that don't. Because when the interest
rates drop, you should get a break on your credit card rate.
The fixed rate on credit cards actually rose in the last twelve months.
Why? Because the credit card companies have been actually losing money
due to record numbers of delinquencies and bankruptcies. Those who
can't pay now for their purchases in the past are sticking their bill
to the rest of the credit card holders.
So you may think that you want to get that credit card insurance being
pushed by credit card companies that will pay your bill if you become
disabled or unemployed. Not so fast. The average payout on a credit
insurance policy is 30-50%. The National Association of Insurance
Commissions actually recommends a payout of at least 60%. Payouts for
debt cancellation and debt suspension is in the 1-3% range. That's
definitely not worth the premiums. Get enough regular life insurance
and disability insurance to cover your debt as their premiums are much
cheaper and have greater payouts.
Beware of a credit card company trick that I recently ran into. I
mailed a payment a week early but yet was still charged a late fee.
Impossible I say. I found out the payment had to be in the credit card
company's processing center by a certain time on the due date. Think of
my credit card payment making it's way through the mail, to a P.O. box,
then getting picked up, sorted, sent to the processing center, opened
and recorded. And this has to be done by a certain date on the due
date. Ouch. I suggest mailing in your payment at least two weeks early.
~~ Christine Breen
- Your credit rating in the USA
- Your credit rating in the UK
Some really useful articles on Debt, Tax, Loans etc. Use the calculator
to set payoff goals.