Monthly Archives: January 2012

Financial planning now and for the future – online?

29/01/2012
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Financial Planning

Tablet computers are hot, but when you have got the best that money can buy, don’t forget to use it for a less glamorous purpose – planning your finances for the week, month, and year and for the future. What would happen to your family if you died today – would they be ok? Will Writing As long as you have a few assets, you should go ahead and get your will written. If you own a home or have children you should make plans to have your will completed by later today – just in case. If you don’t have a will, the law dictates who will get what and when. With so many families having second marriages and children from different fathers, the need for a will to have a first say over the law without a will is essential; even more important than checking out those...

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5 Benefits of Contributing Early to your Pension

24/01/2012
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Pension

Contributing to a pension early offers many benefits that will certainly pay off in the long run. Retirement might seem a long way off, but it’s never too early to start contributing to your pension. The sooner you start putting away some of your money for your older years, the better the benefits you will reap. Just look at these five benefits that early contribution to a pension can give you and you’ll soon see why you should start making a contribution. 1) The sooner you begin contributing, the less you will have to put in each month. Taking into account the state pension and employers contributions, if you want to retire with a pension equivalent to £25,000 today, you would need to contribute £430 every month from the age of 30 to the age of 68. By contrast, if you started paying in at the age of 25,...

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Critical Illness Cover – A Lifesaving Investment

23/01/2012
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Critical Illness Cover

Most people who have traditional health insurance feel good about the coverage their policies provide. Unfortunately, many of these policyholders fail to realize that if they were to fall critically ill their policies may not be there for them when they need coverage the most. Traditional health insurance policies usually have a payment amount cutoff and a limited number of days you may stay in a hospital during your policy term. This could prove detrimental to you if your doctor diagnoses you with an unexpected critical illness. That’s why adding a supplemental policy to your health insurance that has critical illness cover is so important – it may just save your life. Critical illness cover will not only cover your hospital costs, it will also pay out regular income to you when you are out of work due to your illness. Critical Illness Cover: The Basics Critical illness cover...

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Buried Treasure: A guide on how to reclaim forgotten accounts

19/01/2012
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Buried Treasure

We’ve all experienced the joy of finding cash down the back of the sofa or in an old coat pocket. Now multiply that feeling and imagine the loose change as lost bank accounts worth a substantial amount of money. For many it would seem inconceivable that bank accounts could be lost or forgotten about, but it happens more frequently than we imagine; moving address and a change in personal circumstances such as getting married, divorced or widowed are main factors. It is estimated that up to £1 billion is sitting dormant in accounts in the UK in the form current and savings accounts, premium bonds, pension schemes and insurance policies. Banks do try and trace the owners of accounts which is usually prompted by returned letters and statements and accounts with long periods of inactivity. Legislation set in 2009 now means if an account remains dormant for over 15...

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4 Reasons Why Your Friends Can Make You Wealthy

16/01/2012
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friends make you wealthy

They say that you should choose your friends wisely. I firmly believe in this advice and try to follow it as best as I can. You may not be able to choose the people you meet or your circumstances but you can choose your friends. If you want to become wealthy then you should be mindful with who you hang out with. Here are 4 reasons why your friends can make you wealthy. Network. Your network is equivalent to your net worth. You may be good in what you do but in order to succeed you will need certain people to help you get there. A powerful set of friends will speed up the process. Why do you think organizations exist? It is so that like minded people can gather together and help each other. But in order to receive, you have to giving. Receiving without giving back will...

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Purchasing Car Insurance For The New Year

12/01/2012
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Car Insurance

The New Year marks a great time to double check you have the right motor insurance. As your life changes, your insurance coverage should as well, but checking your policy is often the last thing on your mind during a life changing event. The wrong coverage could leave you paying more than necessary for coverage and still be left with out-of-pocket expenses in the event of an accident. Purchasing a New Car Check your coverage whenever you buy a new car. Collision and comprehensive coverage should cover the complete value of the new car, not the lesser value of the old one. Also, make sure you have adequate rental car coverage to pay for a comparable replacement vehicle if your car ever has to go into the shop. Purchasing a New House A new house doesn’t seem like the time to check your auto insurance, but it may help...

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Free Online Financial Calculators Provided by the U.S. Government

11/01/2012
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financial calculator

Few Americans have a kind word to say about their government these days. It would appear as though our tax dollars are going to the funding of an inefficient overseer, who, despite having access to huge sums of wealth, is unable to accomplish even the smallest of tasks. While the full breadth of government waste and weakness cannot be defended, it’s worth mentioning that while it seems as though every tax dollar goes to unnecessary or useless expenditures, the various agencies and departments of the federal government we fund are ultimately there to help Americans. In particular, these agencies provide Americans with an array of useful information and tools available online. One such tool is the online financial calculator, which has made breaking down and comprehending large-scale money moves an easier process for countless Americans interested in taking out loans, making investments, and committing to bulk purchases. Thanks to...

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Think Like The 1%

11/01/2012
By
finance2

We all want to be rich, but what does it take to be amongst the top 1%? What are these people’s attitudes and what is their approach toward money, business and life? Can we do the same and rise above the 99%? You could always use the homeowner loans at moneysupermarket to purchase your first home and get yourself going; then plan for the next step. The one thing that many parents want for their children and what they instil in their young minds from an early age is that education is important. Some people don’t think so, but the wealthy always do. Private schooling is high on the priority list of the rich, as is a college education, preferably at a place such as Harvard. Wealthy people want their children to be exposed to wealth and to the culture and social standing that they are used to. They...

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5 Top Tips To Stay Out Of Debt In 2012

09/01/2012
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Stay Out Of Debt

Heading in to 2012, millions of people will strive to keep their New Year’s resolutions. Many have set goals to lose weight, others to achieve a career goal, yet probably the most important resolution that we can make, is to get out of debt and stay there. In most cases, staying out of debt is simply a matter of budgeting and self-discipline. The best rule to live by to avoid getting into debt in the first place is this: If you can’t afford it, don’t buy it! These are great words to live by, but not always easy to apply in everyday life. Retailers encourage us to shop, offering easy, in-house financing to purchase large ticket items that we really can’t afford. They seduce us with low monthly payments, but neglect to mention the finance charges, which considerably increase the amount we actually repay. This is where self-discipline comes...

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Getting Approved for a Car Loan with Your Bad Credit Score

06/01/2012
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car loan

Many people who have recorded a bad credit score are aware of the fact that they can no longer benefit from other loans. The bad image of your credit history has led to a bad credit score and until you fix it you can not take advantage of another loan. But have you ever heard of the possibility of availing a car loan even if you present a bad credit score? Well, I am sure that you haven’t, but if you keep on reading you will find out how this is possible. First of all you should be updated with the fact that there is in fact a bad credit car loan specially designed to help those known as bad credit scorers. In this category fit also the IVA’s, CCJs, the payment defaulters, bankruptcy cases, arrears, and so on. All these bad credit scorers must have previously applied for...

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