Analysis Topic: Personal Finance
The analysis published under this topic are as follows.
Tuesday, October 18, 2011
Savers, How to Beat Inflation / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show the Consumer Prices Index (CPI) rose from 4.5% to 5.2% during September.
To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 6.5%, while a higher rate taxpayer at 40% needs to find an account paying at least 8.67%.
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Thursday, September 29, 2011
Falling Interest Rates Fail to Deter Savers / Personal_Finance / Savings Accounts
By: MoneyFacts
Latest figures from Moneyfacts.co.uk show that demand for fixed rate bonds has soared in the last few months.
In April, 26% of all savers visiting Moneyfacts.co.uk were searching for fixed rate bonds, but during August this had increased to 45%.
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Tuesday, September 13, 2011
Savers Continue to Pay the Price for High UK Inflation / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show the Consumer Prices Index (CPI) rose during August from 4.4 per cent to 4.5 per cent.
To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.63 per cent per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 7.50 per cent.
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Monday, September 12, 2011
My Advice to Young People, Save, Multiple Streams of Income, Eliminate Debt and Acquire Some Physical Gold / Personal_Finance / Money Saving
By: Robert_Murphy
Over the last few years I've been freely dispensing financial advice to young people. I usually preface my remarks by saying, "I feel funny telling you what to do with your life, but since I'm bald you know I'm older and that I worry a lot." In the present article I'll summarize my recommendations. I am comfortable reproducing them for wide distribution, because they are conservative tips that would be appropriate in any setting, but are particularly important given my dire views on the Western economies.
Tuesday, August 16, 2011
Inflation Headache Returns for UK Savers / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show the Consumer Prices Index (CPI) rose during July from 4.2 per cent to 4.4 per cent.
To beat inflation, a basic rate taxpayer at 20 per cent needs to find a savings account paying 5.50 per cent per annum, while a higher rate taxpayer at 40 per cent needs to find an account paying at least 7.33 per cent.
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Wednesday, August 10, 2011
Average 5 Year Fixed Interest Rate Savings Bond Falls to 2 Year Low / Personal_Finance / Savings Accounts
By: MoneyFacts
Average savings rates for long-term fixed rate bonds have fallen significantly over recent months. The current average five-year fixed rate is 3.74%, its lowest average for two years.
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Saturday, August 06, 2011
Personalising The Debt Ceiling Crisis / Personal_Finance / US Politics
By: Walter_Brasch
You have a credit card with a $25,000 limit.Because you have a good job, you only have $6,000 on the card, and routinely pay the monthly statement and a little extra on the principal.
But then you decide you need a 52-inch high-def LCD TV screen to go into your “man cave,” and your family rightfully decides they need a vacation. So, you add a few thousand to the credit card. But, it’s all OK since you just got a promotion at work.
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Tuesday, August 02, 2011
Obama, Idle Thoughts For The Ides Of July / Personal_Finance / US Politics
By: Andrew_McKillop
Most persons vaguely heard of the Ides of March, associated with the assassination of Julius Caesar in 44 BC, but in fact the ides were periodic Roman pagan calendar-based days, that repeated right through the year, with the Ides of March, May, July and October being the most magically powerful.
Although we missed this year's Ides of July by a few days, the slippage between the Roman calendar, and our own, variously called the "christian" or "modern" calendar (named for the not-so-modern 13th century Pope Gregory), can easily cover this problem.
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Monday, July 18, 2011
UK Graduate Bank Accounts Analysis / Personal_Finance / UK Banking
By: MoneyFacts
As another academic year closes, many graduates are leaving university uncertain of their future. Unemployment remains high and could increase further once public sector cuts are fully realised, leaving limited job opportunities for graduates.
The transition of moving from full time study to full time employment can be a difficult period, but its important graduates prioritise on tackling what is likely to be a large student debt.
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Monday, July 18, 2011
Student UK Banking Services Analysis / Personal_Finance / Student Finances
By: MoneyFacts
Many students will be preparing to leave home next month and head off to university.
For many it will be the first time they are fully in charge of their finances, with budgeting and bill paying becoming a necessary evil.
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Friday, July 15, 2011
Your Paying a Bankers Bonus 3% Tax / Personal_Finance / Credit Cards & Scoring
By: Rudy_Avizius
Are you WILLINGLY paying a 3% tax? Are you then paying this money so that it can leave your community, so it can be shipped to tax havens abroad and to pay for the bonuses of bankers and the Wall Street types?
Sunday, June 26, 2011
UK Safe Retail Banks List / Personal_Finance / UK Banking
By: Nadeem_Walayat
The following table lists Britain's major retail banking groups (separate licences) in terms of the percentage probability that your deposits above the UK compensation limit of £85k and Euro-zone banks 100,000 (current £/E £86k) would be secure in the event of a series of euro-zone debt defaults starting with Greece and that the crisis is contained to these smaller peripheral euro-zone countries i.e. Greece, Portugal and Ireland, if Spain comes under real risk of default then that would require a revaluation of this list as banks such as Santander would come under far greater pressure given exposure to Spanish government debt.
Monday, June 20, 2011
Euro-Zone PIIGS Greece Default Bank Run Contagion Risk - Santander Anyone? / Personal_Finance / UK Banking
By: Nadeem_Walayat
The Greeks had set the ball rolling by withdrawing their funds out of their banks during May and June as a consequence of their exposure to Greek Government debt, soon to be followed by Banks across Europe if not already in the process of desperately attempting to pull their funds out of Greek banks ahead of an inevitable debt default, and then from other PIIGS banks and financials, that's banks of Portugal, Ireland, Italy, and Spain as well as Greece on rising default contagion risk.
Sunday, June 19, 2011
Warning on Banks PPI Complaints and Compensation Claims / Personal_Finance / UK Banking
By: Nadeem_Walayat
The banks and building societies after losing a court case in April brought by the British Bankers Association, are being forced to repay approximately £5 billion in mis-sold payment protection insurance to their customers that in the vast majority of cases proved totally worthless. Barclays has already set the ball rolling by trying to ingratiate itself with its angry customers by automatically refunding all legitimate claims that have already been submitted to date, with the other banks seeking to write to upto 3 million customers over the coming months.
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Wednesday, June 15, 2011
The Extinction of Retirement / Personal_Finance / Pensions & Retirement
By: Michael_Pento
For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of public and private pension plans, and the reliability of national entitlement programs (Social Security, Medicaid). But in the last few years, the economic sands have fundamentally shifted and these pillars are no longer sturdy, some have cracked completely. For many Americans, the traditional idea of a comfortable retirement, filled with golf carts, cruises, and fishing trips, is going the way of the dodo bird.
Thursday, June 09, 2011
Credit Crisis 2011, Discover the Top 100 Safest U.S. Banks / Personal_Finance / Credit Crisis 2011
By: EWI
Bank failures still dominate headlines as the number of failing banks continues at an alarming pace in 2011. The odds are that you've seen at least one bank failure in your community since the financial crisis hit in 2008. Some economists claim we're in a recovery, yet hundreds of smaller financial institutions still suffer from the debt crisis that began a few years back.
Wednesday, June 08, 2011
How to Shelter Your Cash From Inflation / Personal_Finance / Inflation
By: Terry_Coxon
Terry Coxon, The Casey Report writes: The high rate of inflation most of us believe is waiting not too far down the road will be an earthquake for investment markets. The likely winners (gold, silver, precious metals stocks) and the likely losers (long-term bonds and most stocks) aren’t too hard to identify. But separating the sheep from the goats is only one element for financial success in an environment of rapidly rising consumer prices.
Monday, June 06, 2011
Down With the Dictator / Personal_Finance / US Politics
By: LewRockwell
Governments and their intellectual front men believe that nothing unites a population like a war. Actually, that’s not quite true. What happens is that during war, governments strike fear into their domestic opponents and silence them through intimidation. The appearance of unity is wholly illusory.Read full article... Read full article...
Monday, May 23, 2011
Loan Interest Rates at Decade High / Personal_Finance / Debt & Loans
By: MoneyFacts
The average personal loan rate has hit its highest level for more than a decade.
Today the average rate on a £5,000 loan stands at 12.7%, the highest level since May 2000.
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Tuesday, May 17, 2011
UK Savers Struggle Worsens on Release of Latest Inflation Figures / Personal_Finance / Savings Accounts
By: MoneyFacts
Inflation figures released today show the Consumer Prices Index (CPI) increased during April from 4.00% to 4.50%.
To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.63% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 7.50%.
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