The term high interest savings account – at least the name – is nothing but a ploy. It would be like me saying “Super Fast Running Shoes” or “Lightning Quick Internet.” Yes the shoes might be fast, but it’s the person using them that determines their speed (and if anyone finds an internet speed as […]
One of the more popular ways to fund retirement these days is through an annuity account. Social Security and pensions just aren’t reliable any more and many people are setting up different ways to take care of themselves once they are no longer working. There are several other ways to ensure some cash flow in […]
What are buy to let mortgages? These are forms of mortgages that are utilized for any real estate property that is acquired for investment purposes to let out. The industry for buy to let products has progressed considerably over the past years since more and more people prefer to have buy-to-let properties as a significant […]
Buying stock in BP is a bit of a dilemma. If you had the opportunity to make some money at the expense of an environmental disaster would you take it? That’s the position many people find themselves in at the moment regarding BP stock price after the catastrophe of the oil leak. The share price […]
It is important for every consumer to make a household budget. This allows both income and expenses to be tracked on a daily basis. Budget keeping also helps individuals know where they stand financially at any time. Many people avoid starting a budget and keeping financial records. It is difficult for people to know how […]
Saving for retirement requires planning and diligence. Individuals should begin saving money early in their careers and they should be consistent about contributing to a retirement account. However, emergencies may occur that require cash and the account holder may be tempted to borrow money from the retirement account. This is not recommended because it has […]
Young people are filled with excitement when they begin their careers and retirement is often the furthest thing from their minds. This is actually the ideal time to begin planning for the golden years. Today’s youth should not rely on Social Security benefits or generous windfalls from investments, so taking a proactive approach to retirement […]
In general, any endowment policy is a time specific agreement that agrees to pay a sizeable amount at the end of the term. The time period entirely depends upon which policy you opt for. Most of these policies usually mature in time gaps of ten, fifteen or twenty years. In other words, the invested amount […]
Frugal living is widely discussed when it comes to financial management. Living frugal doesn’t mean you rinse and reuse paper towels and styrofoam cups. It does mean you stretch your money as far as it will go, by spending money on what’s necessary and eliminating compulsive spending. Sometimes you have to live frugal because you […]
One of the most important things you can do with your money is save it. But, starting to save in a recession can put a damper on your plans since the gap between income and expenses is closer than ever. Don’t let a difficulty in saving money keep you from getting started. Here are seven […]