Archive for October 2011

Want to Save Money on Food? Here’s How!

October 27, 2011

Supermarket bills can be extortionate nowadays, and it’s easy to feel out of control when it comes to the amount of money we spend on food. Although feeding yourself and your family is obviously not an avoidable expense, there are certain things you can do to cut back on the amount of money you spend. Here are some tips to help you save money on food!

1. The most effective way to save money on food is to do all you shopping for the week in a large supermarket. This will save you serious cash, as buying food in small shops is often more expensive.

2. Cook at home as much as you can. Basic ingredients are often a lot cheaper than buying ready-made meals or eating out in restaurants. You can even make meals that you know have cheaper ingredients in them to cut costs.

3. Shopping online could save you money as it gives you the opportunity and the time to go through your basket, removing anything that is unnecessary and lowering the total cost.

4. Take packed-lunch to work. Buying an expensive sandwich or eating out at work will cost you thousands of pounds a year.

5. Grow your own vegetables and herbs! This is more time consuming but will save you buckets as well as giving you and your family high quality produce to eat.

Why Get a Credit Card?

October 11, 2011

There are many benefits to having a credit card. For one, they are a great way to make your finances run smoothly, meaning you are never without cash. If you pay off your balance each month, you don’t even have to pay interest! There are various other benefits however to using a credit card.

For one, if you do successfully pay off your balance each month, then you will build up your credit rating. Proving that you are capable of paying back your debts will give you a good credit rating, and therefore make it easier to be approved for other forms of credit, such as loans and mortgages. This is really important, especially if you are keen to buy a car or get a mortgage some time soon.

Using your credit card also gives you insurance on purchases made online. This means that if your items get lost or damaged in the post, or you are a victim of fraud (like buying tickets from a fake site) you can get your money back.

If you plump for a reward credit card, then you can even get rewards as you spend. There is a whole host of reward credit cards to choose from. Whether you are a football fan and want to earn points towards match tickets or memorabilia, or you want to earn points to go towards your preferred charity, or you want air miles or vouchers for shops, there’s something out there for everyone.

Payday Loans – What Are They?

October 4, 2011

Payday loans are a relatively recent addition to the loan market. Appearing following the financial crisis of 2008, they make it possible to borrow small amounts of money for short periods of time, often without credit checks.

The money can be wired into your account in minutes! The online application forms are short and sweet, and approval made quickly. You have to be over 18, have a bank account, be a UK citizen and you may need proof of employment.

You can normally borrow any sum from £100 to £1000 for a couple of weeks to a month. Payday loans are designed to lend you the money you need to get you through the rest of the month until your next paycheque.

If you are confronted with a big bill that you don’t have the money to pay, or any other expense, then a payday loan could be the answer. The money gets put straight into your bank account, and if you don’t have any problems being approved, you can have the money on the same day.

As these loans are given out usually without credit checks, they are high risk to the lender and therefore tend to have high interest rates. Be sure you fully understand how much you will have to pay back, including interest. It’s not a cheap way to borrow, so make sure you really need the money!