You wake up every morning and start your life with money. We save our hard earned money aside for emergencies and end up spending it on silly things. Here are a few ways in which people waste their money.
Starting from speeding tickets to the parking tickets, these make a 200 to 500 dollar difference on your savings. You can reduce your traffic tickets and see how much money you end up saving.
When you find attractive low rates offered by another lender, you can try switching to the new lender. However, you need to look into the exit fee charged by present mortgager. You also need to know how much the new mortgager will charge for arrangement, valuation and legal charges.
To compete with the “Best Buy” offers, some lenders keep interest rates low and jack up the arrangement fee. Whereas, some lenders claim to offer free valuation and legal fees but keep the interest, on higher side. Continue reading
Are you planning to buy a new house or to change the current mortgage? Every year, thousands of mortgage applications get rejected for varying reasons. If you are planning to apply for a mortgage any sooner, make sure to read the following points to increase the probability of your application approval. Continue reading
There is no doubt that the economy is looking up again and hence, quite a few investors in the real estate industry are flocking back to the real estate market again. Apart from some green shoots being seen here and there, there is also the advantage of low interests which also is helping these professionals to try their hand in the real estate industry. However, getting finance on your property, investment or even rental real estate is quite challenging and there are quite a few important points which need to be taken into account. Let us try and find out the various ways by which one can raise finance on various types of properties. Continue reading
How long do you think your pension pot would last? What would happen if you outlive your pension pot? According to the last month’s budget, after reaching the age of 55, the individual gets access to his pension pot. The problem is that you cannot determine how long a person would live. You cannot get a closer or approximate value too. Continue reading
One of the best ways to invest money is to buy a house. However, one cannot afford to spend all his money on a house. With banks reducing the mortgage constraints and reducing the home loan rates to less than 5%, it is very tempting to buy a house. Though the house value is increasing constantly, it is important to have a limit on expenditure. (on how much to spend). The house might be the biggest investment that a person makes in his lifetime and it is important to be smart in this investment. Continue reading
It is a known fact that almost all of us have to depend on some types of loans during our journey of life. It could be a home mortgage loan, car loan, consumer durable loans, personal loans or even uninhibited use of credit cards. While there is nothing wrong with loans, the problem is with us because we often tend to go overboard. Continue reading
How many months ago have you been on a holiday? You should consider the option, if you get time. Holiday is the perfect word to define taking rest and enjoying with your closed ones. Everybody wants to be a part of long holidays. The only problem which persists is financial management. There are certain simple tips, which can make a lot difference to our budget. Who says that we cannot enjoy holidays without burning a hole in our pockets? Continue reading
The impact of inflation is not understood appropriately by today’s youngsters. They should have the wisdom and foresight to take inputs from their parents and grandparents because they can teach today’s generation how inflation has eaten into the vitals of our society over the past many decades. If you ask your grandfather, he will have stories to tell which might look unbelievable and out of the world. Continue reading
We earn money, as per our capabilities but it always seems very easy to spend it. We ponder on the reasons as to where all the money has gone. At the end, we find our out that it’s not the big things but actually, the small things on which we spend a lot of money on, unnecessarily. One such process is savings. Here are some ways by which you can save more money in the current financial year. Continue reading