Expensive Purchases: Credit Card vs Bank Loan

When it comes to the almost age old question of whether you need a credit card or bank loan to pay for expensive purchase, there really is no straightforward answer. It really comes down to a few key factors that effect the choice of whether to go either with a bank loan or credit card. One of those is cost. There are a number of fees –application fees and annual fees- and upfront costs to be considered to get the best-valued deal. For such large purchases, a bank loan is suitable as credit cards act as revolving credit whereby you are given a certain spending limit to work with. However, if you are looking to have continued access to credit; credit cards will work best for your needs. How you...

Create a saving plan with your bank

If you are struggling to save money, you may want to seek advice from your local bank’s customer advisor. Book in to have a meeting regarding creating and managing a personal saving plan. Banks can offer valuable advice regarding the type of saving account to open that best suits your needs and requirements. They can also offer money saving plans and ways on spending less and saving more. You can create automatic money transfers from your current account to your savings account, on or after your payday. That way you will be contributing towards your savings account before you end up spending it during the month from your current account. If saving is currently unfeasible, your bank can offer you an arranged overdraft, that you can use if you become...

Are you considering a payday loan?

If money is a little tight this month, you may have considered a payday loan. Payday loans are a quick and easy way to get money, however they tend to have a large interest rate and require payment back within 30 days. If you are unable to pay the amount loaned plus the interest rate by the deadline you will certainly see a large bill building up. If you decide you need the cash, and will definitely have the money to pay the loan company back on your next payday, you shouldn’t have any issues. An alternative to a payday loan is an instalment loan, allowing you to borrow money and set a time frame to pay it back by. Time frames can be between 6 months-years, depending on the...

Tips on transferring your pension

Taking advice related to a pension can save you thousand of pounds. We know that pension handling and transfer advice is offered by many ’online experts’ who are ‘unbiased’ and help you select the right service. Many of these companies are legitimate and they do look out for you, but others will be looking at way to take away your hard earned pension and transfer it to their own pocket. This is why you need to be clear about your plans with the advisor; they should have a clear picture over your goals and objectives. You can transfer your pension for various reasons such as the scheme in which you were associated to is about to close, or maybe you wish to transfer it overseas to the country that you...

Ways to save money for the purpose of buying a house

In life, every person’s wish is to have a house, right? Actually no, this isn’t entirely true because one is confronted with other factors and problems that make saving difficult. Before beginning to save, ensure you have a value that you want to meet. Generally, your house should not be in the excess of 28 percent of one’s basic salary. So do consider this, plus the following: Your time-frame and making it achievable. Make saving for the house part of your budget. Ensure that you have a plan of saving. Ensure you save any extra income earned and make it part of the saving. Ensure your house savings are flexible. Make sure that you choose a house that suits you and is affordable. Get some of the trending useful information...