Archive for the ‘Personal Finance’ Category
Wednesday, December 24th, 2008
The Family and Parenting Institute has recently published a report which reveals that a third of UK parents are having sleepless nights because of worries about money and that 29% of those parents are arguing over their family’s money situation.
The report, based on a YouGov survey, questioned over ...
Posted in Credit crunch, Debt, Personal Finance | 2 Comments »
Friday, December 5th, 2008
Debt is a vicious cycle and often, we simply don’t end up with enough money at the end of the month to do much about it, but here are 7 tips that should help you to get organized long-term with your finance.
1. Analyse your monthly expenditure
Check if ...
Posted in Debt, Frugality, Personal Finance | No Comments »
Wednesday, December 3rd, 2008
With so many of the biggest names in UK business going under there are going to be thousands of redundancies, so what do you do when you get the dreaded letter telling you you’re being made redundant?
First, try not to panic, which is easier said than done with bills to ...
Posted in Credit crunch, Debt, Personal Finance | No Comments »
Saturday, November 29th, 2008
The Global Credit Crisis seems to claim a new victim everyday, it started with the banks Northern Rock, HBOS and RBS amongst others now its retail the two highest profile victims being Woolworths and MFI. Who's next?
Heres some tips to credit crunch proof your finances and make sure you ...
Posted in Credit crunch, Personal Finance | No Comments »
Friday, November 28th, 2008
The Council of Mortgage Lenders has reported that the number of people in arrears with their mortgage at the end of September this year was 168,000, which is 8% higher than the 155,600 who were in arrears at the end of June.
By December, that figure is likely to rise dramatically ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
Friday, November 21st, 2008
Equity release is simply a way of turning the cash that’s tied up in your property into actual cash money and it’s becoming an increasingly attractive option for many who need extra cash but who don’t want extra debt.
Most equity release schemes are only available to homeowners over 50 or ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
Tuesday, November 18th, 2008
This Christmas, UK shoppers are expected to spend around £31 billion on the festive season’s traditional trappings – including gifts and groceries – and more than £7 billion of that total will be on credit. However, what happens in January when we have to start paying it all back?
With ...
Posted in Credit crunch, Debt, Personal Finance | No Comments »
Thursday, November 13th, 2008
When times are tough and Moneys tight many people look to save money by cutting back on their out goings.
Should you Scrap your life insurance because of the Credit Crunch?
People overlook the importance of a good Life Insurance policy. Life Insurance can provide you and your family with much-needed ...
Posted in Credit crunch, Personal Finance | No Comments »
Tuesday, October 28th, 2008
Finanacial campaigners have recently called upon the Treasury to stop Northern Rock from repossessing property so readily.
Charity group ‘Credit Action’ reported that the now nationalised lender was twice as likely to repossess homes than other lenders, and added that Northern Rock wasn’t being flexible enough in its approach to borrowers ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | 2 Comments »
Tuesday, October 28th, 2008
First, there has to be a valid legal reason for your mortgage lender to repossess your home. The most often cited reasons are mortgage arrears, failing to pay loans secured on your home and bankruptcy.
If a home owner doesn’t keep up with the mortgage repayments or a secured loan, the ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »