Category Archives : Save Money

Articles on how to save money

You Don’t Have As Much Retirement Savings As You Think!

Many people. especially those in the baby boom generation, have this perception that the world is awash with savings. Yes, the post-war generation is wealthier than any before it. But the ultimate value of any investment depends upon being able to convert it into cash, to be able to realise its purchasing power. According to a recent Global Wealth Report by Credit Suisse, the world’s accumulated wealth – around $250 trillion – is almost certainly incapable of realisation at its paper value. This headline number thus vastly overstates the supposed savings glut. Why are savings figures so vastly overstated? Most of the worlds savings are held in two forms: Real […]

Debt Plans to Consider Instead of Bankruptcy

It seems that these days everyone is in debt. With credit readily available and interest rates at historic lows, people are digging themselves into a debt blackhole. Whether it be by credit cards, payday loans, store cards, overdrafts, graduate loans, business debts or personal loans, being in debt takes it toll mentally and financially and most people in this situation may consider filing for bankruptcy. Whilst bankruptcy may be good in some situations as you can get a fresh start, it has severe repercussions. Some drawbacks of debt include you may need to give up assets including your home & car, your bank accounts will be frozen, income in excess […]

The Number 1 Rule Wealthy People Live by

There are countless articles online that show what the wealthy do differently as compared to the rest of us. Most self made millionaires have similar characteristics with one another and this research has shown has allowed them to be successful and wealthy. Some of these traits include: setting goals, networking, avoiding procrastination, actively reading, never giving up and having a mentor. Whilst all these characteristics are important if you want to become wealthy, I believe that there is one thing in particular people need to do if they want to become rich – Live Within Your Means. Wealthy people have been able to build up their bank balances because they […]

What Percentage (%) of your Income should you Pay Yourself First?

We have all heard that paying yourself first is the best way to become wealthy in our society. Whilst we all know the merits about paying yourself first, many people do not now exactly how much money to set aside to pay themselves first. So is there a magic number? You hear people asking themselves this question all the time How much do I need to pay myself first? So here is my formula on how much you should pay yourself first. You don’y have to agree with it but just have a look at it. Whilst I know everybody is different and people have different circumstances, I am just […]

Habito Review – The online mortgage advisor

One of the most painstaking aspects of buying a house is deciding on a mortgage to get. With so many options out there, it is difficult to decide on which mortgage type is best for your needs. Should you get an interest only mortgage or a repayment mortgage? Should you get a fixed rate mortgage or a variable rate mortgage? Should you pay an upfront product fee in rerun for a lower starting interest rate? These questions can be daunting especially for people looking to buy their first house. Thankfully, there is a website that I have recently come across that can help home buyers with all their mortgage needs. […]

Front-Load your Pension and Your Life – Saving in your 20s is the greatest pension trick

Pensions savings seem to be all the fuss of late. Many people in their 40’s and 50’s have come to realise that they have just not saved enough and will have to put off retirement for a few years in order to work and save more. Even though these people are socking away thousands a month into their retirement accounts, they have found that it is not enough. The biggest reason for this is they did not start early enough. They have not let time do the hard work by compounding their returns. Did you know that those who save for just 10 years, between the ages of 25 and […]

A simple and free way to increase your credit score 2

We all know how important a credit score is why it is vital to have a high score. I have written before on ways to increase your credit score (LINK). But if you want a quick and easy way to increase your credit score, read on. One of the key factors that influence your credit score is the level of debt / credit utilisation (about 30% of total equation). A credit utilisation ratio shows how much of the available credit you currently use – the capacity used. So if you have a credit line for £1000 and currently have £500 outstanding, your credit utilisation is 50%. When it comes to […]

Right on the Money Review –  Tips to savings money from the BBC show

It looks like personal finance is back in fashion. Over the past year, there have been some great money related shows such as Super Shoppers, Secrets of Online Shopping and The Shoppers Guide To Saving Money. And now there is one more show to add to the list; Right on the Money. Right on the Money is a show produced by the BBC and it aims to give tips on how to earn and save money. As a personal finance advocate who has been moaning for years about people’s lack of interest in their own financial affairs, shows like Right on the Money are great as it increases peoples awareness […]

Claim compensation for delayed flights!

Delayed flights. Don’t you just hate them?! I remember booking a weekend trip away to Barcelona a couple of years ago. I had booked it six month in advance, so as you can imagine, I grew more excited as the days went by. Finally, it was the weekend of the trip away. I remember it vividly. It was a Friday and I went to the airport early all excited about my trip. I checked in and even boarded the plane but the plane never took off on time.It was delayed and we only ended up taking off after 3 hours. By the time I got to Barcelona, it was late […]

Secrets of Online Shopping Review – Channel 4 Super Shoppers Show

The just aired show, secrets of online shopping, delved into the online shopping revolution and how the UK consumer has embraced this trend. The UK is the biggest nation of online shoppers in the world. The show presented some tips and tricks when it comes to shopping online and even offered advice on how to save money. The show is presented by the same people that brought us super shoppers (If you haven’t seen that article, click on the link as it shows ways you can save money). Retailers When we shop affects our spending habits. The later at night we shop, the more we are likely to spend. The internet […]