Browsing "Money Saving Tips"

Santander Upfront Interest Bond: Quite How ‘Revolutionary’ Is It?

Nov 9, 2011   //   by Keith McDonald   //   Banking and Savings Accounts, Money Saving Tips  //  Comments Off on Santander Upfront Interest Bond: Quite How ‘Revolutionary’ Is It?

Revolution is a more powerful term than most people realise. It implies a rising order to be witnessing – and even delighting in – its overthrow of an old and failing order.

So, how does that work for a savings account?

Santander’s new Upfront Interest Bond has caused some controversy across the web this week, so perhaps it’s time to investigate this particular product a little closer.

[Read more at Which4U]

Attention Bargain Hunters! Why Aren’t You Using Voucher Codes?

Nov 9, 2011   //   by Daniel Morris   //   Money Saving Tips  //  1 Comment

Everyone loves a bargain and many people pride themselves on getting the best deal they can when they shop on the high street. Amazingly, those same people are not using their bargain hunting skills to full effect when they shop online – because they aren’t using voucher codes.

Voucher codes are the best money saving tool on the net and there are thousands upon thousands of deals to be found just in time for the holiday season, if you know where to look.

Finding voucher codes is incredibly simple, with tons of great sites which offer fantastic bargains. You will even find that most sites tweet regular updates or send email alerts for new vouchers, meaning you never have to miss out on the best deals.

Once you have found a site you like you can search for bargains on all types of purchases, from camping to computing and everything in between. You can also search for the site’s top offers, or vouchers just for Christmas. Some of the best and biggest online retailers like Very, Littlewoods, Argos and Tesco offer great deals; all you need to do is simply search for “very voucher codes” in Google and you’ll be astounded by some of the incredible deals you can get. Read More »

The Older Generation Lead the Way in Savings

Nov 1, 2011   //   by Keith McDonald   //   Banking and Savings Accounts, Money Saving Tips  //  Comments Off on The Older Generation Lead the Way in Savings

They say that you can’t teach an old dog new tricks. Yet, in an age of digital technology and mobile apps, the older generation are still able to teach the young one of the most fundamental financial tricks: saving.

Stats from Halifax’s ISA report shows a striking correlation between age and average ISA savings. The average ISA balance stands at roughly £8,500.

The results show a remarkable contrast in the amounts that different age groups hold in their ISAs. As highlighted in the graph below, there is a near proportional relationship between age-group and the volume of tax-free savings.
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Students To Benefit From New Government Loan Scheme

Aug 26, 2011   //   by sam   //   Money Saving Tips  //  1 Comment

With the implementation of a new government loan system, student account holders are set to benefit greatly according to one expert.

In a recent move, the coalition government has unveiled changes to how scholars will go about repaying their loans taken out during their time at university.

These new changes – which are likely to come into effect next year – will mean that only the high earners will have to repay the full amount of their student loan. Remaining debts will be written off three decades after an student has finished their degree course.

Ed Bowsher, head of consumer finance at Love Money, said this represents a “big plus-point” for those embarking on higher education in the near future.

However, he also warned that this scheme will also result in ex-students paying interest at “rates higher than inflation”.

This comes after an official from Moneyfacts noted that parents could help their children going into higher education by saving cash before they leave home.

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Next years students advised to use gap year to save

Aug 24, 2011   //   by sam   //   Banking and Savings Accounts, Money Saving Tips  //  1 Comment

With the massive increases in some university fees that are being introduced next year, it is more necessary than ever that students make the most of their money to stop themselves coming out with massive debts.

One spokeswoman for online resource Moneyfacts, believes that those wanting to go on to higher education should consider taking a year out in order to save money in ISAs. She went on to say that, where possible, students should priorities building up savings accounts before embarking on their degree course.

Currently, most British students will be getting prepared to start the 2011/12 academic year which starts in September, and the majority of these will more often than not plan on getting through their time at university on their student loans and in some cases an overdrafts on student accounts.

This can be very hard to do with tuition fees now averaging at the top £9,000 on top of the need to pay for groceries and utilities.

However, taking the advice of the Moneyfacts experts, by planning ahead and saving up for a couple of months prior to your course beginning, students can provide themselves with a strong financial safety net that could help them to avoid serious financial debt on completing their course.
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Tips to lower your car insurance premium

Jul 29, 2011   //   by sam   //   Insurance, Money Saving Tips  //  Comments Off on Tips to lower your car insurance premium

Girl Driving ConvertibleChoosing the right car insurance policy can be both demanding and costly, but by following some simple steps, you could cut the cost of your cover and find new ways to make the most of your car insurance.

I will begin by stressing that you should never lie on your insurance application to any of the car insurance companies. This would cause your policy to be invalid and could leave you with a hefty bill if you are involved in an accident.

And think twice about the level of insurance you plan to take out. If you require car accident whiplash compensation you will need to make sure your policy covers this.

1. Choosing your car

All cars are assigned an insurance group from 1 to 50 which affects the cost of insuring them, with 50 being the most expensive group. These groups take a number of factors into consideration, including engine size, the value of the car , security etc.

Before you decide which car to buy, look into which insurance group it would fall into and get a quote. Your dream car may come with hidden costs, so consider all of your options.

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