Showing posts with label financial plans. Show all posts
Showing posts with label financial plans. Show all posts

Jan 20, 2012

Financial advice for your children

When you have children your priorities change. You no longer have only yourself to worry about. Specialist financial advice will help you plan for both your future and your children’s.

A financial adviser should be able to offer you information and financial products that are relevant to all areas of life. Some of the ones that are most relevant to your status as a parent will be life insurance, but also pensions and other investments to build up a sum of money for the future.

Self-Employment and Health Insurance Tax Deductions

Health insurance is something that can help protect self-employed people when they are unable to work. However, the rules on claiming it back against your tax can be confusing. Group health insurance is generally an allowable expense, but if you have a private policy, you should seek advice to find out whether your specific insurance is tax deductible.

When you are self-employed, you become responsible for your own tax affairs. This means you are the one who has to sort out your obligations for all of your undertakings, including making sure you are paying the right level of tax and national insurance.

Jan 5, 2012

4 Bills You Can Save on by Paying Online

Online bill pay is infinitely better than snail mail how many times have you mailed a bill payment just to have it not arrive at its destination on time or even at all? Mailing payments to your creditors is iffy at best, but online payments are generally immediate and, after you print out a receipt, you’re done. No guesswork, no worries. Online bill pay can certainly make this a course of action that is a good deal easier for everybody. Paying your bills online makes life so much simpler by saving money and freeing up time and leaving you with the assurance that there will be no interruption in coverage due to a premium lost in the mail.  

A few tips about how to save money on your Car Insurance

Auto insurance is often one of the top five highest expenses in a typical family’s budget. With the cost of accidents so high, States require that every automobile on the road must have at least liability coverage. In addition, since many people finance or lease their cars, banks require full coverage until the car is completely paid off. With so many requirements for insurance, it is no wonder that drivers often find themselves “insurance poor.”

The good news is there are a handful of things that many drivers and families can do to reduce their insurance rates and put a little more of their hard earned money back in their pocket. Below are some of the best ways to get that premium lowered.

Jan 4, 2012

5 Effective Ways to Refinance Mortgage with Bad Credit

Although it is extremely difficult for people with bad credit to get approved for mortgage loans, but it does not indicate the end of all your options. Refinancing a mortgage loan with bad credit history is not a big deal. It has now become very easy to refinance your mortgage loan with bad credit than applying for an original loan. Mortgage lender will trust homeowners having a good credit profile and have capability to repay the loan. However, they charge higher interest rates. Bad credit is an impediment but it can be dealt smartly. Here are listed 6 effective ways that you can use to learn how to refinance a mortgage with bad credit.

1. Save Money
In order to refinance mortgage with bad credit, it is important to save your money for closing cost and other fees. When you refinance a mortgage with bad credit, it creates a new mortgage. No matter, you refinance with your current home lender or apply for a new loan with a new mortgage lender, you will have to pay start up costs and fees including appraisal fee, application fee and closing costs. So you should be prepared for paying such cost.

The Best Ways to Finance a Car

There are highly efficient ways that people can finance cars without overburdening themselves. Based on their credit and whether the car is new or used, they may be able to walk away with the best offer. Going to a dealer could be the worst provider of finances unless buyers have looked around to find the best car deal. Car buyers must understand the various types of car financing options available.

There are some tips buyers can follow to get the best kind of car financing. Many buyers will be better off getting financing from a financial institution instead of a dealer. The monthly car payment should not account for more than 20% of the buyer’s salary. This amount should consist of the car payment, insurance and gas expenses. Long-term car loans will result in heavy interest rates over the years so the best loan term will vary from 3 to 5 years.

Jan 1, 2012

Short Term Loan Solutions

Individuals that are in need for immediate financing have many short term loan solutions available. The type of short term loan that you need will depend on your circumstance. However, you need to research all of your options before completing an application. A short term loan is after all a line of credit.

Determine Your Need
Many reasons exist for requiring a short term loan. These can include a sudden emergency or other types of unexpected expenses. Emergencies that may require a short term loan include replacing your home's water heater repairs to your car. Other types of unexpected expenses include paying a higher than usual phone bill.

Dec 29, 2011

Filing Income Tax Online and the Benefits

Everyone is familiar with the term income tax return. This is the duty of a citizen to pay tax regularly. However, this is not an easy task. Filing tax return means handling huge paperwork and filling out numerous forms. Moreover, you will have to find time to do this filing. One mistake will force you to come later and file the income tax once again.

To escape from these complications, people are turning over to the e-filing of tax return. This way is the best way. There are many reasons why you should do this online. When you file the tax return manually, you face a lot of problems like - standing over the long lines and slow service. You won’t have to worry about all these when you are filing the tax return online. This way is lot faster. You can come back home and file this on your own time.

Dec 14, 2011

Five easy ways to spend less

Over the last couple of years families have seen most of their expenses skyrocket while income has remained flat or even declined. If more money isn’t coming in, expenses need to be cut. Fortunately, there are a few ways a family can cut back on spending without losing what’s really important.

When looking to cut expenses all family members should take a look at where they can cut back. There are a few easy ways to begin.

1. Spend less on food: Plan meals out ahead of time when going to the grocery and stick to the items on the list. Resist the temptation to impulse buy. Clip coupons out of the local weekend newspaper and match them with sale items at the store. Buy food that can be used for lunches and brown bag it to work and school instead of eating out. When it’s in season, shop the local farmer’s market for fresher produce at lower prices.

Dec 12, 2011

5 Financial strategies that credit card companies do not want you to know about

For some people saving money is like getting a root canal from a dentist - not much fun, and very painful!

And that's exactly how the banks that offers credit cards like it - the more you use your credit cards, the more money they make. Because the more you use your cards the more likely you are to miss a payment, go over your limit, or simply just start carrying a balance every month. All of which make them money!

So if you are a spender, and you like using your credit cards, it's time to change some of your habits. This will make YOU more money so YOU are the one getting rich, not them. If you need a little help making this change, here are 5 financial strategies that credit card companies don't want you to know about:

Dec 9, 2011

3 things to look for in a savings account

Now that people are saving more money again many are shopping around for a savings account that gives better rates of return. It is possible to compare savings at and choose an account that gives a good rate.

There are many banks that offer incentives to get new clients to sign up with them. Historically, savings accounts have not given a very good interest rate and it takes large amounts of savings to see an appreciable difference.

Some banks offer rates as high as 3% as an introductory special. It is important to read the fine print before anything is signed.

Dec 2, 2011

Lifestyle Choices: Fashion on a financial budget

When you mention fashion, you think designer labels and glitz and glam. But the truth is we all need clothes and we like to look nice. Here’s some easy finance tip’s we can all employ to save and even make some money on looking good this Christmas.

Keeping up with trends can be expensive business, especially in the run up to Christmas - which is harder on the pocket than most times of year.

But buying all those fabulous gifts for others doesn’t mean you have to miss out on a little something for yourself. You just need to be a bit financially and fashion savvy about it – which is why we’ve rounded up some top ways of spoiling yourself a little bit, without breaking your budget.

Nov 29, 2011

Arranging a mortgage: Is a financial advisor or mortgage advisor better?

The question of whether to ask an independent financial advisor or mortgage advisor for help when arranging a mortgage does not have a clear-cut answer. Either might be suitable, depending on their circumstances and yours.

If you are looking to take out a mortgage, you could seek advice from either a mortgage advisor or an independent financial advisor. Either might be appropriate in different circumstances. The most important thing is to check what their affiliations are, and whether this might affect the advice they give you.

How do I find genuinely independent financial advice?

If you’re spending good money on a financial advisor, you will want to make sure the advice they give is genuinely independent, rather than potentially influenced by a degree of self-interest. How do you go about doing that in practice?

What’s an IFA?
The term Financial Advisor includes three categories of people. There are ‘tied’ advisors, who work for a particular institution such as a bank or insurer, and offer only financial products provided by that company. There are ‘multi-tied’ advisors, who offer a broader range of products, but are still limited to certain companies. Then there are independent financial advisors (IFAs) who are not tied to anyone and can therefore offer whole-of-market advice.

Oct 31, 2011

Company Pension: A Beneficial Scheme

Putting aside some amount from your earning is quite important as in most of the cases provision of the state pension really does not go well for the employees. Still it is seen that to most of the people, pensions seem to be something to think about afterwards. But this is indeed not a practical approach and may give you trouble at a later date. While discussing about company pension, it is necessary to have a clear idea regarding corporate pension plan. This plan is basically an arrangement between an organization and its employees through which the retired employees are provided with a specific amount of fund.