Personal Finance Tips

If Borrowing Is Inevitable, Be Smart About it

April 23, 2012

Unless you have received a financial windfall, you will probably need to borrow money at some point. Homes, higher education, and even automobiles are expensive these days and most people cannot afford to pay for them with cash. Whether or not to borrow is no longer the question. It is about learning when the time [...]

Taking Advantage Of UK January 2012 Sales

January 5, 2012

What were once post-holiday sales have now been transformed into January 2012 sales. Stores are trying to sell off their 2011 stock and are doing it at deeply discounted prices. Head out to high street and jump online this week to take advantage of these great deals. But, spend wisely because a shopping spree is [...]

Pensioners Face High Prices Coupled With Large Debts

August 26, 2011

In the Yorkshire area, an increasing number of pensioners are finding themselves squeezed between increasing prices and high repayments for debt. The Yorkshire Post obtained statistics revealing the amount owed by pensioners seeking advice from a debt charity. For loans, credit cards, and other unsecured credit, the figure averaged £19,758. Fifty-one percent of Yorkshire pensioners [...]

How To Tell If Your Spouse Is Hiding Assets

July 4, 2011

Relationships are characterized by disclosure but some also contain secrets. On a regular basis, the media exposes tidbits that high-profile couples attempted to hide from each other. One thing that is very easy to keep from a spouse is an asset. This is especially true when one person handles all the finances and the other [...]

Ways To Avoid An Energy Budget Crunch

June 29, 2011

If you have £175 in your account, you can buy quite a few things. This money can also be spent on the home fuel bill. The only difference is nothing will be received in exchange. The typical home fuel bill is anticipated to increase by this amount, with UK consumers receiving no extra gas or [...]

Managing Finances For UK Expats Moving To France

June 5, 2011

France is the closest country to England, with 20 English Channel miles separating the nations. As of year ending March 2010, over 20,000 UK nationals emigrated to France. Even though these countries are near each other and are both members of the European Union, planning is required to make the move smooth. Opening a French [...]

What Happens to Your Loans Debt If You Die

June 1, 2011

This is a question that concerns many family members when someone passes and they realize the deceased was floating in a sea of debt. In most cases, this will not affect anyone else involved, but there are some exceptions. Any debt that is incurred solely by the individual will be dismissed with a person’s death. [...]

Loans For Individuals With Low Income

May 31, 2011

Some people who need loans are not interested in secured financing. Loans for individuals with low income may be the solution to their problem. People can get the money they need without having to place their property at risk by using it as collateral. From the perspective of many of those who value their personal [...]

Lending to Friends and Family Is It a Good Idea

May 28, 2011

There is an American proverb that reads, “Before borrowing money from a friend, decide which you need most.” The general advice we receive regarding lending money to friends is not to do it. While some of us have responsible friends who will repay the money in a timely manner, others of us may find ourselves [...]

How Much Pocket Money Should I Pay My Child

May 26, 2011

Kids cost us in more ways than one. With so many more outlets to spend money, it is no wonder kids want some walking around money every week. The answer to this question will often lie in how much the parents themselves have to spend and how much responsibility they want to teach their child. [...]

Is a Bond Better than a Bank Account

May 26, 2011

This is one of those questions where the answer is dictated by the investors needs. In this case, are you sure you will not need the money for a specific period of time? If the answer to that question is yes, then the bond is the far better deal. Standard savings accounts pay a very [...]

Making The Bold Career Change Decision Requires A Task List

May 24, 2011

Some of us dream of new careers but fewer implement this idea. The longer we have to plan for a new career, the better. Taking time to try out different possibilities and do some role-playing allows a person to identify whether this is really the new career of choice. Some people find that after volunteering [...]

Where Can I Put My House Sale Cash

May 23, 2011

We are going to make the assumption here that the money being saved is for a future purchase. Your concern of having the money protected at all costs is understandable, as you want to make sure you are able to purchase a home when you finally find the right one. Other than putting the money [...]

Why Are Grandchildrens Savings Taxed

May 23, 2011

If you have not learned by now, the Tax Man always gets his share, regardless of whom it is coming from. Even if you opened up the account for your grandchildren, earnings are taxable, regardless if the person who opens the account of the beneficiary of the account is required to pay taxes. The silver [...]

Charged Twice for £150 ATM Withdrawal

May 23, 2011

Having funds deducted out of your account that you never received is an obvious problem that nobody wants to be faced with. There are several things that could have happened here, but ultimately the bank will have the final decision on what is being done to rectify the situation. All ATM machines are monitored with [...]

Do We Pay Tax on Joint Savings Accounts

May 23, 2011

The answer to this question will depend on the taxpayer status of both depositors. Unfortunately, unless both depositors are non-taxpayers, there is no way to avoid paying the taxes on the savings accounts. As always though, there are options available. The first alternative is a fairly obvious one in that the funds should be deposited [...]

Children Now Costing Parents More As Adults

May 21, 2011

More and more children are remaining financially depending on their parents well into adulthood. Though parents in the UK (and everywhere else, for that matter) love their children, this prolonged monetary drain is beginning to worry them. Many parents learned from the school of hard knocks and they know how hard that is so they [...]

Even The Financially Aware Can Fall Victim To Loan Scams

April 19, 2011

The sad truth is that there are con artists throughout the globe. Recently, the spotlight has been on New Zealand, where some high profile businesspeople were duped by scammers dangling too-good-to-be-true investment opportunities. In that country alone, 400 reports of such scams have already been made this year. Some scams come in the form of [...]

Boost your nest eggs 25 ways to do it

April 18, 2011

If you’ve got cash in the bank you’re in a fortunate position as there are many simple ways to help it grow. Despite the economic downturn, not everyone is struggling to make ends meet. And even a small amount of spare cash could be sufficient to really help it go further. There are endless ways [...]

Earn More Cash In Ten Easy Steps

April 14, 2011

Although the recession is thankfully behind us, the effects are still being felt, with many households feeling the pinch. But no fear, there are many ways to get your hands on a little extra cash which can make a real difference. Try one (or more!) or these great little earners to make some more money [...]

Pounds Till Payday Provides Quick Cash

March 31, 2011

Residents of the UK are facing additional expenses due to the newly approved budget. Some of them were in a poor financial situation before this latest event. Payday loans are one way for them to consolidate debt and pay expenses. These provide cash needed over the short-term and are intended to be repaid by the [...]

How To Beat The 2011 UK Budget

March 30, 2011

With the new budget in the UK comes additional burdens on the pocketbook. First time homebuyers and motorists will feel some relief but millions of people face increasing living costs. If you are one of them, a simple review of the household budget and some smart shopping can save you up to £2,500. A mortgage [...]

UK Homeowners Should Carefully Review Their Finances

March 28, 2011

With the March budget comes some desired relief for families with low incomes. However, many homeowners in the middle-income bracket face higher living costs, no wage increases, and the potential for mortgage rate hikes in May. Atlantic Financial Management (AFM) is one company advising that UK families conduct a full financial assessment to make sure [...]

UK People To Save More Due To Tax Increases

March 26, 2011

In April, several reforms to benefits and tax take effect in the UK. The Institute for Fiscal Studies reports this will have a negative effect of £200 on the average UK household. This is in addition to the £480 cost resulting from the January 2011 increase in VAT. Consumers should start saving now so they [...]

No Credit Check Personal Loans UK Information

March 25, 2011

Any of us may face a financial emergency during our lifetime, such as a necessary car repair or hospital stay due to an injury. If we have not saved enough money to cover the costs, we may need to take out a personal loan to cover these expenses until we are paid. If we have [...]

12 Month Loans Are Flexible Alternatives To Payday Loans

March 19, 2011

When people are in a short-term financial bind, they often apply for payday loans. These provide quicker funding than is possible with most loans bank-issued. However, due to this feature they are often not the loans cheapest for people who have decent credit. In addition, they usually must be repaid by the next payday or [...]

Instant Personal Loans Provide Immediate Help

March 15, 2011

When people need money immediately to pay unexpected bills, they often need to ask friends or family members for temporary loans. This can be embarrassing, especially if the individual does not have a close relationship with these people. It requires revealing information of an extremely personal nature, which many people do not feel comfortable doing. [...]

Best Personal Loans For People With Bad Credit

March 10, 2011

When a person with bad credit has an emergency cash need, payday loans and student loans are the best personal loans to obtain. Neither involves a credit check and both enable money to be conveniently deposited into a checking account. Individuals with poor credit should learn more about these no credit check loans because these [...]

More People Looking For Mortgage Loans As Housing Prices Decline

March 2, 2011

Housing prices in the UK fell through last year and are expected to decline further during 2011. This is good news for anyone interested in purchasing a property. The problem is that due to the financial crisis, many do not have the extra funds. Others who do are finding it difficult to get mortgage loan [...]

Are There Same Day Loans For Car Purchases

February 28, 2011

In some cases, a consumer may fall in love with a car and want to buy it that day. These situations make a conventional car loan infeasible because it takes one to several weeks to secure approval for this type of loan. A same day auto loan is designed for anyone seeking loan approval on [...]

Should Any Considerations Take Place Before Applying For A Loan

February 28, 2011

Applying for a loan should not be something that people enter into haphazardly. Anyone who plans to use a loan to consolidate debt or fund a large purchase should consider several factors before completing a loan application. When these are taken into account, the best loan can be found and the entire process will be [...]

How To Consolidate Bad Debt

February 25, 2011

Debt is not something most of us wish to have but once we do have it, we need to deal with it. As time passes, the debt mounts, so it is important to immediately address the issue. There are loans available that assist with consolidating debt and these remove the need to deal with of [...]

First time home buying tips for new couples

February 17, 2011

Being in love is grand, but affection is not always conducive to smart financial practices. No one wants to think about the day the relationship ends, but establishing some ground rules can make things less complicated if it does. There are several ways to be wise when it comes to money and a relationship. Following [...]

How Do I Qualify For A UK Crisis Loan

February 15, 2011

A crisis loan is a special type of loan that UK residents can obtain for financial assistance in a disaster or emergency. Individuals in Wales, Scotland, and England can download a crisis loan claim form from the UK Department for Work and Pensions Web site. This loan is interest-free and there are certain criteria that [...]

Is There Really A Scheme To Get Government Loans Canceled Or Is It A Scam

February 7, 2011

In the UK, government loans are offered by over 100 lenders. The money is available to those who are self-employed, in the forces, in a housing association, or for semi-commercial purposes. Whether an individual has excellent or poor credit, a personal, secured, remortgage, or debt consolidation loan can be found. One of the most popular [...]

How Can I Find Out If I Owe Money To The Student Loans Company

February 7, 2011

By taking out a student loan, individuals can pursue their dreams of higher education. During the course of study, the student receives funding to pay tuition and/or living expenses. This money does not need to be repaid until after graduating when the student has obtained a job. However, at any point in time, individuals may [...]

Should I Put Money Loaned To My Company Through My Personal Tax Return

February 7, 2011

If you are a director or participator in a limited liability company and take out money not considered a dividend or salary that exceeds any money you contributed, you have received a director’s loan. This loan has various Corporation Tax implications. When this account is overdrawn, the company must pay tax on any amount not [...]

Can I Go To Prison For Lying On A Loan Application Form

February 5, 2011

It is never a good idea to lie and this is especially true when completing a loan application. Some people are in such dire financial straits that they list false information on applications for loans. This includes stating that they own a home and are working. Though the consequences vary by loan provider, they may [...]

Payday Loan Lenders Not Brokers Where Can I Find One

February 3, 2011

In the UK, there are many payday loan brokers and affiliate companies but only a handful of payday loan lenders. Among these lenders are MEM, Blizzard, Quick Quid, Wage Day Advance, Speed-e-Loans, Payday Express, PaydayUK, and PayDay Bank. Dealing directly with a payday lender results in a less expensive payday loan that features no broker [...]

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