Finance

Top Financial Tips For First-Time Home Buyer

Top Financial Tips For First-Time Home Buyer

Finance
Buying a home is one of the biggest things to do in life. If you are a first-time buyer there are several things to consider and below are some tips from experts in the industry: Save for down payment You need to pay about 20 percent of the flat or home price as downpayment and so it is suggested to start saving for it early. Some lenders have started letting you pay less downpayment like as little as 3 percent, but know that even 5 to 10 percent may be hefty for you. Check credit Before buying a home you must check your credit as this will be one of the key factors for finance approval. Solve errors or disputes which are slowing down your credit score. Stop taking new credit Just ahead of buying a house it is not suggested to take new credit. Try to put a pause to an...
Is Your Debt out of Control?

Is Your Debt out of Control?

Finance
If you are one of the millions of people who are struggling with what seems like unmanageable debt, there are a few options for you to consider. Two of the more popular choices are bankruptcy and using a debt settlement service. Only you can determine which decision is best for your circumstances. While eliminating debt may be easier than you think, there are many cases when filing for bankruptcy simply makes more sense. This article isn’t necessarily to persuade you one way or the other, simply to inform you about using a debt settlement program. What you need to know Contrary to what you may have heard, using one of these companies doesn’t guarantee you will see an increase in your credit score. In fact, there are times that despite the best efforts of people working with you, y
How To Save Money At Younger Age

How To Save Money At Younger Age

Finance
If you are in your 20s and think savings should not be cup of your now as retiring is decades away, you are wrong. You should start your savings now. Below are two major ways how you can start. Control spending It is an universal suggestion to have a control on spending. Making purchases is very spontaneous if you are in your 20s. Try to carefully track your purchasing and know in which segment you are spending the most, and whether the money spent is needed or worth. Financial advisers suggest to curb day-to-day spending habit like dining out in an expensive restaurant may cost you huge in five years. If you come to know the figure, you will stop spending so much on eating outside. It is also suggested to wait for at least 72 hours before making impulse buying. This will g...
Why Car-Buying, Car Finance Deals On Rise In Britain

Why Car-Buying, Car Finance Deals On Rise In Britain

Automobiles, Business, Finance
Even though the prices of new cars have gone up in UK in past five years, but car-buying and driving those have become cheaper. Thanks to the financial engineers for inventing new ways of borrowing money, new way of car finance, new deals to attract more customers. Britons had never before seen such a boom in car-buying and data of 2016 reveals there were record 31.6 billion pounds money borrowing in the segment and the deals offered have become a major concern for Bank of England and the Financial Conduct Authority (FCA) as well. Let's find out whether car buyers need to be concerned too. Earlier car-buying was like going to bank and apply for a car loan. The other way was opting for Hire Purchase (HP) contract. However, in 2016 more than 80 percent of the car finance deals w...
Tips: Why To Save In Pension Scheme To Secure Retirement

Tips: Why To Save In Pension Scheme To Secure Retirement

Finance
Retirement may be a happy moment for some and painful for others. Those who plan early and save for the day when you will not work will be happy and those who do not save will be sad. Below are some tips why to save in pension scheme. Do the sums Take a note that the sooner you start saving into pension scheme, the longer savings have to grow. This is also important if you calculate how much money you require after retirement. The calculation should be like do you own your home and is it still on a mortgage, or you rent a house and make sure you have enough money to pay the bills. Always remember with what you are left need to be covered with other sources of income like renting from property you own. The basic difference is what you will need to save and pension scheme is the...
6 Ways to Keep Your Financial Information Private

6 Ways to Keep Your Financial Information Private

Finance
The world is now revolving online. You can pay bills, buy groceries and trade stocks – carry out just about any type of financial transaction you want – while lying on your favorite couch at home, using your laptop or smartphone. However, identity theft is also a real threat, and keeping your financial data private requires that you take a proactive stand in how you approach your own online security. Whether you are someone who files your hard-copy bank statements and loan depot review information routinely or only carries out your transactions online, there are ways of minimizing the risk of your information landing in the wrong hands. Here are six ways of keeping your financial information as it should be – private. Get a Shredder If possible, you should always limit the amount of p