Analysis Topic: Personal FinanceThe analysis published under this topic are as follows.
Thursday, November 17, 2016
To coincide with the first ever Financial Capability Week, the Credit Services Association (CSA) has issued some simple guidance around debt, and particularly how to avoid becoming a case of ‘mistaken identity’ and how to resolve the matter should it occur.
· Keep creditors up-to-date with current contact details: If you move, change phone number, email address, or even change your name, inform all of your creditors, including your Local Authority. Most problems start when a creditor is unable to reach the customer at the last known contact address. This means that vital correspondence might never be received.Read full article... Read full article...
Monday, November 14, 2016
The cost of the average five-year fixed rate mortgage has fallen significantly over the past year, with many providers launching the lowest ever rates. This competition has seen the average five-year fixed mortgage rate fall below 3.00% for the first time on Moneyfacts.co.uk records.Read full article... Read full article...
Thursday, November 10, 2016
The battle for a cash-only world is getting hotter. The latest battlefront? India.
The latest rupee news? Outrageous.
Prime Minister of India, Narendra Modi – beloved of Western elites for a variety of reasons – has just announced that all 500 Indian rupee Notes ($7.50) and 1,000 Indian rupee ($15) notes will no longer be considered legal tender. The 500 and 1,000 rupee, by the way, are the two largest denominations in India. Equivalent to the US banning the $100 and $50.Read full article... Read full article...
Monday, October 31, 2016
Spooky Reality of Credit Cards High Balance Transfer Fees / Personal_Finance / Credit Cards & Scoring
Having debt sitting on a card can be a scary thought, particularly if the debt is racking up interest. Borrowers would naturally assume that opting for the longest deal on offer would save them money, however, research from Moneyfacts.co.uk shows that some of longest deals can work out to be the most expensive.Read full article... Read full article...
Sunday, October 30, 2016
Halloween Money Saving - How to Make a SCARY Pumpkin Lantern for Kids! / Personal_Finance / Money Saving
For get buying any expensive gear or toys. Instead here's my easy to follow fun low cost money saving activity to do with your kids on Halloween, which is to make a scary pumpkin lantern! I'll show you how in this easy to follow step by step guide -
1.Choose a large pumpkin
2.Use s sharp knife to cut off the top
3.Dig out the insides, with a spoon and / or your hands. This is the toughest!
4. Use a marker pen to draw a simple outline of a face on the pumpkin. Eyes, Nose, Toothy Mouth.
5.... Watch the video!
Tuesday, October 25, 2016
Shoppers that frequently pay by card might decide to open a reward credit card to use as an alternative to their debit card, so that they can earn points every time they spend. However, not all cards are as rewarding as they may seem.
A points scheme is useful for those who want to gain a little extra by turning the points into vouchers or other rewards, but sometimes these rewards can take a long time and a significant spend to add up to anything worthwhile. In addition, some cards will charge higher rates of interest on purchases than could be achieved elsewhere, so if shoppers are not careful, the interest could outweigh any benefits.Read full article... Read full article...
Monday, October 24, 2016
Long-term fixed rate bonds used to be the premier solution for many savers looking for a decent return on their savings. However, Moneyfacts.co.uk data can reveal the disappointing news that the average five-year fixed bond rate has fallen to a record low, now standing below 2.00%.Read full article... Read full article...
Wednesday, October 19, 2016
The more I think about where the “monetary policy community” of academic elites has brought us, the angrier I get. It’s been a long time since I’ve been this passionately upset about something.
Almost everything the Fed did to us since 2008 falls into two broad categories: interest rate repression and quantitative easing.Read full article... Read full article...
Tuesday, October 18, 2016
Savers have Little to look forward to as Interest Rate Cuts Keep Coming / Personal_Finance / Savings Accounts
Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for 12 consecutive months.
In September, Moneyfacts recorded 29 savings rate rises. Disappointingly, rate reductions over the same period completely outshone this figure, with the number of rate decreases standing at 164 – which translates to around six cuts to every rate rise – with some deals falling by as much as 0.75%.Read full article... Read full article...
Monday, October 17, 2016
UK Savings Trends Treasury Report – product numbers fall to record low / Personal_Finance / Savings Accounts
Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that the total number of savings products has fallen to an all-time low, with a staggering 274 savings products withdrawn from the market since January.Read full article... Read full article...
Friday, October 14, 2016
DIY Winter Home Maintenance Money Saving 22 Point Checklist to Get Ready for Winter/Fall / Personal_Finance / Home Maintenance
Now is the time before the temperatures drop to conduct a relatively quick but comprehensive preventative home winter weather proofing survey that than can save on costly repair bills such as damage form blocked drains, gutters, leaking roofs, and burst pipes, claims from which can result in soaring insurance premiums, as well as save on costly excessive energy usage due to drafts, poor insulation and boiler problems.Read full article... Read full article...
Tuesday, October 11, 2016
It is unusual to see a mass of rate cuts on children’s savings accounts, but the latest research by Moneyfacts.co.uk reveals this is exactly what’s happening. More than 100 rate cuts have been made over the course of 2016 to child savings accounts, so much so that some deals are now paying as little as 0.10% per year.Read full article... Read full article...
Monday, October 10, 2016
Bank Current Account Overdraft Fees Hit a High, Attacking Careful Customers / Personal_Finance / Mortgages
Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, highlights that the average two-year tracker rate has increased by 0.07% in just one month, bringing the figures back to July 2016’s level and cancelling out the “base rate effect”.Read full article... Read full article...
Saturday, October 01, 2016
The Dallas pension system embraces risk with alternative assets
[Editor's Note: The text version of the story is below.]Read full article... Read full article...
Wednesday, September 28, 2016
If a politician said he thought he should tax the income from your retirement plan, right now, at 50% (no matter where you are in the retirement process, that would certainly hurt the ability of your portfolio to compound), what would you think (other than that he was completely Looney Tunes)?
But that's exactly what the Federal Reserve has done by keeping interest rates low.Read full article... Read full article...