New recommendations introduced by the banking committee are set to ensure that savers deposits are ring fenced, effectively separating the investment and retail arms of the banks. This follows in the wake of the banking crisis where the tax payer ended up bailing out several of the banks. That’s eight years to prepare and almost [...]
Personal Capital to launch
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The latest in personal finance websites is due to launch anytime soon. Personal capital aims to make personal finance a touch more personal. The startup is set to release a series of innovative features to help you plan, save, invest and spend with smart algorithms and products. We can’t wait to see it. Of course [...]
The cost of flying…using a card and what it costs
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Airlines are facing increased challenges to costs levied when making a booking with a credit card or debit card. Which, the consumer magazine found that Ryanair are charging up to £24 for a party of two extra. Clearly there is something amiss here with airlines desperate to claw back as much money as possible while [...]
High street is dead? Long live the shop?
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Jane Norman and TJ Hughes are bust, and many more are considering reducing their exposure to britains dwindling high street. Dixons is looking again at the high street. Chances are we might find that in coming years all shops are so called out of town affairs rather like the United States. With falling spending power [...]
Make a mint with Mint.com
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Doing an ostrich with your personal finances and burying your head in the sand? What can the free service mint offer you? Let’s start with what Mint is and is not. Personal finance softwarehas been around for ages. Does anyone remember Quicken? Then Microsoft Money? I remember using Quicken to do budgeting and accounting in [...]
High street is dead? Long live the shop?
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Jane Norman and TJ Hughes are bust, and many more are considering reducing their exposure to britains dwindling high street. Dixons is looking again at the high street. Chances are we might find that in coming years all shops are so called out of town affairs rather like the United States. With falling spending power [...]
Improve your credit rating
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The day you open a bank account is a very significant day. It’s the day you take your first steps towards financial responsibility. It’s also the day that your credit report is created and unlike your bank, your credit report will be with you for the rest of your life. Your credit report consists of [...]
Making money from zero percent cards
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Everyone knows that credit cards are synonymous with debt. However, many people are taking advantage of 0 interest credit cards and making a profit. You just have to learn how to do it before you start. There is no reason whatsoever to make small profits if you are already paying out large sums of money [...]
Interest rates: what are they? how do they work?
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The “price” of borrowing money, interest rates affect many aspects of one’s financial foundation. They are, essentially, the current market return on fixed income investments, and fittingly, rise and fall with market demand. In the UK, such rates are subjective to the decision of the Bank of England Monetary Policy Committee (MPC), which in turn, [...]
Payday loans
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For those in need of a short-term loan, payday loans are worth considering. The premise behind such loans are simple: a customer takes out a payday loan by handing over a postdated check as collateral and receives a small loan which must be repaid within two weeks (generally speaking, since this is the basis of [...]
Choosing a credit card
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Credit cards have been with us since 1966 and have become part of the modern fabric of life. The market has exploded the first 50 years of the plastic friend. Choosing a credit card is not for the feint hearted – with a variety of products on offer. Credit Card Protection Credit card protection is [...]
