A new year, a new start, as the saying goes. It’s safe to say that most people will have set themselves a goal or two to aim for both personally and professionally. This could take many different forms, perhaps losing weight, getting healthier, or aiming for a promotion at work. (More …)
For most people, the beginning of the New Year is a time for a fresh start. Whether it’s New Year’s resolutions or personal and professional goals, you’ve no doubt come up with something that you want to achieve for 2012. Whilst a new year means a new you, it will often be the same old story financially for most – with January being the toughest month of all. (More …)
In 2011, the cost of car insurance increased by 15.5% and combined with the 33.2% rise in 2010, the total increase over the past two years is a staggering 53.5%. The new figures from the AA also show that the typical insurance policy is now £971.
It’s not surprising that so many people aren’t able to afford to insure their cars, especially young people. The average quote for men between 17 and 22 is £3,194 and women £1,879. Many experts were surprised by this big increase as many were hoping the rise wouldn’t have been as big.
However, this increase in prices has not gone unnoticed and the OFT (Office of Fair Trading) are on the case to decide whether changes need to be made. There is also a crackdown in progress on firms encouraging people to take out accident claims, even if they are fine. This is bumping up the cost of other people’s insurance, so isn’t helping the problem.
Unfortunately for many consumers, it’s not just car insurance which is on the rise, but home insurance too. In 2011, the average buildings insurance increased by nearly 10% to £156.95.
So, how can you get cheaper insurance?
Well, one of the best ways to get the best deals is to use price comparison sites. Although some sites may not show up, you should be able to get a better idea of how much you would be looking at. This way you can hopefully save yourself time and money.
Also, don’t go straight away with the automatic renewal from the same company you were with last year as this might not still be the best price. Shop around before saying yes!
New figures have surfaced this week which show that one in three people are having to resort to cutting back on daily essentials to pay off their rent and mortgage. This has increased by nearly 50% since 2008, which is a scary thought. Also around one in five of those who were surveyed said that they had drastically cut back on their utilities in the past year. This was to be able to afford their home payments.
This large amount of people cutting back could be as many at 16 million across Britain. Many families are now having to make the difficult choice of what is most important; heating their homes, having enough food or having somewhere to live. Firstly, if you are having trouble with your mortgage payments, then the experts advise that you get in touch with your bank or a financial advisor as soon as possible.
However, what other options are there if you’re having to cut down on the food bills for other expenses? Well, an alternative could be to look at taking out a short term loan, like a payday loan. If you’re looking for a bit of extra cash to help tide you over until your next payday, then a loan like this could be the answer.
With loan amounts available from £50 to £1250, a wide range of essential items could be covered. Although they aren’t recommended for long term financial difficulties, they could be useful if you have one month where you just need some extra help with your money. Start your loan application now!
In the news this week, there have been reports that UK has double dipped into recession. But what does this mean for us? Well, a lead forecaster from the Center for Economics and Business Research (CEBR) has predicted that a result of this will be that interest rates will stay at 0.5% until 2016.
This has come after the CEBR noticing that the economy in the UK has shrunk in the last three months of 2011, and is continuing to decrease, which is the sign of a recession. This decrease has been mainly blamed on difficulties in the eurozone, but this is hard to predict.
Another sign of the bad times to come is that unemployment is steadily increasing. It’s soon to tip over the 3m million unemployed in 18 month mark. This could be down to the fact that many companies are reluctant to take on new staff due to money concerns. It’s also been reported that unemployment will not go any lower than 2.5m until 2016 at the very earliest.
This news won’t be great for the large number of people all over the UK who are currently battling with the rising cost of living. Many families in Britain are struggling to make ends meet with everyday items becoming more and more expensive. So, this news of Britain potentially going back into a recession will not be a welcome one.
Unfortunately, this isn’t particularly positive, but for now we will just have to wait and see what’s going to happen and whether the UK will go back into a recession.
Home About Us Apply Now
Affiliates Resources admin
www.PaydayPower.co.uk is a broker of online same day loans in the UK
Payday Power, PO Box 57684, London. NW7 0GD
Payday Loans Bad Credit Loans Same Day Loans Same Day Cash Loans Payday Advances Instant Loans