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Daily MailDebt alert over 40-month interest-free credit cards and relaxing of affordability checksDaily MailJust a few years on from the financial crisis, the UK's loan and credit card bill is now growing at its fastest pace in a decade – up by 9.7 per cent over the past 12 months. Britons now owe £182billion on top of their mortgages – or £7,296 for every ...
Mirror.co.ukBrit dad's heartbreak after plans to propose to girlfriend in Las Vegas are scuppered by new passport ruleMirror.co.ukA heartbroken man was left feeling "sick to his stomach" after his plans to propose to his girlfriend in Las Vegas were left in tatters by new passport rules. Neil Webster, 30, arrived at Manchester Airport with his partner Louise Donnelly, 28, but was ...Man who planned to propose in Las Vegas was unable to fly due to US Passport clampdownDaily Mailall 59 news articles »
CNBCMad hacker rush to create $14B in fraud before new cards take overCNBCBeyond the $4 billion in fraud expected this year, there will be as much as $10 billion in fraud committed between now and 2020 as the window of opportunity narrows for hackers to cash in on stolen credit card data from magnetic strip cards, according ...and more »
CNBCA mad hacker rush to create $14 billion in fraud before new chip cards take overCNBCBeyond the $4 billion in fraud expected this year, there will be as much as $10 billion in fraud committed between now and 2020 as the window of opportunity narrows for hackers to cash in on stolen credit card data from magnetic strip cards, according ...and more »
The GuardianThe way we shop now: the revolution in British spending habitsThe Guardian“We increasingly see a trend for consumers to spend more on experiences rather than on products,” said Kevin Jenkins, the UK and Ireland managing director of payment card group Visa Europe. “Eating out, booking holidays and discovering new ... But ...
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To Save or To Clear the Debts?

You may have noticed that your savings aren’t doing a lot to pay their way these days. Pensioners are badly hit as many of them use the interest from their life savings to pad out the weekly amount they get from the state. Many mortgage payers are happy as their payments have come down, but just about everyone else with savings is in the situation where the real value of their money is falling because interest payments aren’t as high as inflation.

 The average rate for UK instant access accounts including current accounts was around 0.17% at the end of February and we’ve had another cut in the Bank base rate of half a percent since then. Despite that, with credit hard for many people to come by; credit limits being cut by the card companies and worries about job losses, if you can, it’s best to have some savings on hand for an emergency. And the latest figures show that people are saving more. There’s nearly £1,000 billion of savings in our banks and building societies and another £90 billion in National Savings.  

In terms of interest you may as well keep your money under the bed – but then that’s probably the first place a cash strapped burglar is going to look. Fixed rate bonds pay slightly higher rates than instant access accounts. National Savings and Investments products are increasingly popular because people want to know their money is safe whatever the interest rates and they have a 100% government deposit guarantee. It’s never been more important to shop around and don’t be slow to move your money to higher interest rate paying accounts. Keep a close check on any accounts you do have to see what interest you are being paid. The financial pages of the newspapers are good for advice on which accounts are paying the best rates but these change frequently. 

Once you’ve got your emergency fund in place if there’s any money left over think about clearing expensive debts. There’s no point in having a lot of money sitting in an account getting 2.5% interest if you’re paying off loans or credit card accounts at interest rates in the high teens and 20’s. Homeowners are paying off their mortgages too. Some who’ve seen their monthly payments fall are continuing to pay at the old rate so that they clear their mortgages more quickly.

If you have a lot of savings think about getting some financial advice. Your money may not be doing as well for you as it could and a good Independent Financial Adviser can be worth his or her weight in gold. Visit more than one and choose the advice you feel happiest with. Family, friends and colleagues may be able to recommend advisers they’ve used and found helpful.

If you’re lucky enough to have money to put aside it’s time to take stock and nurture it so that it can nurture you back in the future.

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