Finance

Finance

What can you get for £50?

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What can you get for £50 around the world? From 714 litres of petrol in Venezuela to a single cup of coffee in Indonesia £50 will go a little, or a very long way. Where ever you go though there are always going to be bargains to be found.

With Ladbrokes’ current competition you could get your hands on a brand new Jaguar F-Type convertible by simply registering on logging on to the site, with every £50 spent on eligible games earning you an extra entry to the prize draw. (For full terms and conditions see the Ladbrokes site).

Full the full list of things you can get check out the infographic Ladbrokes have made below.

Ladbrokes Jaguar Infographic
Ladbrokes Jaguar Infographic

Paying Off Your Real Estate Mortgage Early

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It should be very simple to pay off mortgages early if you can afford it. If you should do so, you can follow a few tips on how to clear your mortgage as early as possible.

Simply pay more if you are paying monthly interest and principal, you can divide them by 12. Add that to the monthly payment, which makes it 13 payments annually. Just inform the mortgage-servicing firm before making extra payments for that matter though.

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Refinance using a mortgage with shorter-termit is possible for you can pay a 30-year mortgage in just 15 years. So, instead of having 4.5% fixed interest rate for your mortgage, you can refinance using a 15-year loan at a lower 4% rate.

Make extra mortgage payments yearlyyou can do this by making 13 payments in a year. Do this by saving up throughout the year and make extra payments. You can also take advantage of extra checks that you receive to pay off the mortgage.

Throw extra money at your mortgageif you have money via unexpected sources, you should funnel some of that or the entire amount to your mortgage. For instance, if you make lump-sum payments, then you can pay off a couple years and 4 months earlier.

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Paying off mortgage early can have positive and negative effects, nonetheless. The positive being the ability to cut the interest rate on the mortgage. However, the downside is that it can be difficult to predict the payoff date for mortgage. Thus, if you throw in too much, you wouldn’t have enough money for other needs.

If you are going to pay off early, make sure that you seek help from your financial adviser. Thus, you will be able to refinance or manage your mortgage at a more favorable rate.

Making it through January

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January can be a drag. All the emotional investment – not to mention the expense – that you’ve pumped into Christmas and New Year holidays can make the period through to the spring time feel like an uphill struggle. It’s invariably dark and miserable outside and everyone is tucked up indoors, counting their pennies and wondering whether all that Xmas excess was really worth the while. Obviously, it’s time for a new hobby; something to while away the long, dark hours of those miserable winter evenings.

Old favourites will inevitably score highly. Hitting the gym is the classic expression of a desire to start the New Year as you mean to go on. We’ve nothing against it; a healthy body is a healthy mind and all that. But as a New Year resolution it’s such a cliché that it’s almost doomed from the start. The other half of the cliché, of course, is that by the end of February your gym gear will be stuck in the bottom of the laundry and you’ll have forgotten all about your good intentions. If you’re doing something because you feel you have to – which is the way it usually works post-Christmas – then your motivation will fade faster than you can say ‘healthy eating’. It’s just the way it is.

What you need is something that has the capacity to get more interesting and more rewarding the more of it you do. No one has ever said that about a rowing machine.

If you already enjoy the buzz that goes with the occasional bet, check out the possibilities that spread betting can bring you. Spread betting is betting for grown-ups in that you really do need to do your homework to get it right. If you’re looking for a new way to take your mind off the January blues, getting to grips with the highly sophisticated range of products that leading providers offer can be guaranteed to focus your attention. Tradefair deliver a sophisticated range of spread betting options that extends to financial markets as well as sporting events. As a way to forget about the world outside, you couldn’t ask for a more immersive environment.

Fresh Start
Fresh Start

The great thing about starting out at somewhere like Tradefair is that they allow you to set up a dummy account as a way to learn exactly what is involved. You don’t have to part with a penny – which is no bad thing at this time of the year – but in the process you can build up the expertise and the strategies you’ll need once you start to play for real. You can access it either via a trading screen on your laptop or PC or via a smartphone app. Either way, it is the perfect introduction to a whole new realm of betting. It’s like having a whole new toy to play with, but one that keeps growing the more you learn.

The thing about spread betting is that is requires a degree of insight as to how the mechanics of the bet work as well as a serious attention to the variables involved in what you are actually betting on. It is about as far away as a punt on the Grand National as you could ask for. In the process of working your way to a perfect understanding of your chosen field you will, undoubtedly, add to your stock of knowledge about it. Whether that is sports-related or something more commercially oriented like Foreign Exchange or stock-market trading, an entry into the world of spread betting can be an eye-opening education.

Given all those New Year resolutions – to be a better person, to be fitter and healthier, to be more disciplined and more dedicated – learning about spread betting is just the sort of educational self-improvement that might just help you make it through January.

Tips to Get Out of Financial Stress

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When it comes to finances, most people get stressed whether in a personal or business aspect, particularly these days where expenses are expected to double from Christmas shopping to gift-giving. Moreover, online shopping sales are everywhere and it is tempting to get the latest iPhone you have been waiting for or the laptop you need for your home office.

If you feel money matters are stressing you out, here are some suggestions to address this issue:

  1. Analyze the situation.

Suddenly waking up in the middle of the night or not being able to sleep because you are afraid you might not be able to pay your bills if your business fails is a sign of anxiety and this can be stressful. In reality, fear eats on the feeling of uncertainty. To address this problem, it is important to realize that uncertainty is the culprit. Write down the reasons you are stressed about money, say, you are worried about how you can pay the phone bill. Next, ask yourself why you think you won’t be able to. By answering the question, you can now think of ways to keep this from happening.

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  1. Engage in activities that cost less or cost nothing.

If you have been used to eating out with friends on weekends or going to the movies twice a month, try to think of other activities you can do that will not require you to spend much. These can be hiking or going to the park, having dinner at home with friends or watching DVD at home or watching movies from the internet. There are ways to enjoy life for free.

  1. Make use of apps.

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You download applications for free that can help you organize your finances. These apps can provide you with financial and budgeting tools like monitoring your expenses. Take advantage of internet technology and you can find tons of apps you can use.

 

Building Credit – A Necessity for Every Citizen

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It may not be common for every individual to come face-to-face with credit, but it may come at some point in life nonetheless. Even those living entirely on cash basis will find it very challenging sometimes. Normally, citizens aiming to buy a home depend on credit.

Nowadays, even those who apply for a cell phone account or open a utility account simply require a credit check. That’s why it is important to start building your credit because you never know when you might need it. Here are a few tips that could enhance your understanding about this concept.

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Building Credit Fast

This is simply a way of borrowing money and eventually paying it back on the specified time. By doing this, you will be considered a reliable borrower. Otherwise, your negative attitude towards credit can show up on your credit report, thereby destroying your credit history.

Credit scores may include payment history, file age, debt utilization, credit mix, and inquiries. These factors should be able to build your credit history either up or downwards.

Ways of Building Credit

Keeping balances low – in order to gain the best credit score, it is important to note that your overall balances should not exceed the 30% of the total limit of your credit card.

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Payment history – make sure that you make your payments on time. This will ensure that your credit score will slowly but steadily go up.

Variety of credit products in your file – take note that a person with car loan, credit card and mortgage will get a good credit score compared to those with only a credit card in hand.

Age of Credit History – you will have a higher score with a long history of responsible credit use. In fact, if you have old accounts, you need not close them because they can aid you with their age.

Apps to Help You Enjoy a Fabulous and Glamorous Life

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If you’re not lucky enough to be born with a silver spoon in your mouth, don’t worry, you’re not alone. A lot of people struggle where their finances are concerned. But even if you have a hard time making ends meet, you can still live a fab life without spending more than necessary. All you need are apps that will help you live the life of the rich and famous.

Need a driver?

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Uber and Lyft will be more than happy to pick you up and drive you wherever you want to go. Sure you would need to pay for the fare, but you don’t need to hire a driver and pay for his salary. These apps make requesting, tracking and paying for a car service easier and more affordable. What is even better is that you can have a driver with just a few clicks on your mobile phone.

Need a personal shopper?

If you’re too busy to even squeeze in a few minutes of shopping, you can always send someone to do the chore for you. Unlike personal shoppers of the rich you can get the same level of excellent service without paying a penny. Through Fetch, you can purchase anything you want without spending a lot of time looking for it. Simply send a photo or type an item on the app and it will look for the best deals around so you can click to buy it.

Need a bookkeeper?

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You may not have accumulated a huge amount of wealth, but you probably have more paper receipts then dead leaves on your front yard. Since organizing your receipts help in creating a budget and monitoring your savings and spending, you should have a bookkeeper to help you out. Simply download Level Money from the web and get bookkeeping services in an instant.

What’s NOT Cool about Your Finances This Holiday Season

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In this website, we always talk about what’s cool, what’s hot, what’s trendy, what’s in. But right now, we’ll try to talk about the opposite – and this time, it’s to help you set your finances right for the coming year. After all, when you have lesser or no money problems in 2016 – that’s perhaps the coolest thing in the world!

  1. Buying Expensive Gifts

You might think that giving someone the most expensive gift is cool. But if it means maxing your credit card or getting a loan – that’s so not cool. A gift works both ways – it makes the receiver happy and the giver happy, as well. Don’t starve or deprive yourself in order to buy someone the most expensive present there is. People who truly care about you won’t be happy to get an expensive gift knowing how much it impacts your financial life.

  1. Having Wild Parties

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The holidays are a great time for merrymaking. But when you overdo parties, that would surely hit you like an earthquake – the first time can be devastating to your current finances and your health, and the aftershocks can be just as destructive, affecting your future. Parties are cool, but not if you end up wasted and broke.

  1. Stacking Personal Debt

Again, slow down on your holiday spending spree. Sure, there’s so many reasons to go shopping, dining at expensive restaurants, traveling luxuriously, etc. But always think twice when it comes to spending money. Again, if you’re spending on credit and loan for this brief stints of enjoyments – that’s not cool.

  1. Not Booking in Advance

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The holidays can be the busiest time of the year for travelers and travel vendors. Make sure to book tickets and hotels in advance, so you can enjoy discounted rates. You’ll also spare yourself from the trouble of not being able to travel because of limited flights and no vacancies. Paying for a plane ticket or hotel room that’s triple or quintuple the original price is never cool.

  1. Neglecting Your 401(k)

You might say you’re too young to build your retirement fund. But it’s never too early to do so. Start building your retirement savings plan, so that you can keep your cool and not worry about money even when you’re like 50 or 70 years old.

5 Common Expenses You’re Probably Paying Too Much For

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Are your monthly expenses adding up faster than you can pay them? Many people often pay too much for common life expenses like credit card payments and insurance. Check out these everyday expenses that often wreak havoc on budgeting.

Credit Card Interest

Many Americans keep a running balance on their credit cards rather than paying them off each month. Keeping a running balance means you are paying interest fees, which can range depending on your credit score. Most personal credit cards have an APR higher than 10%. Imagine paying 10% more for everything that you buy. If you put these charges on your credit card, that’s exactly what you’re doing. You can reduce your credit card debt reliably each month using several different methods. Paying off these cards each month will reduce how much you pay in interest each month to zero.

Cable & Satellite Bills

If you have a traditional cable or satellite service bill, you’re probably paying too much. The average American spends over $100 on a paid-TV package. That cost can be reduced by switching to digital streaming services and opting for a digital antenna. With streaming options available from Netflix, Hulu, YouTube TV, and services like Sling and Philo, there’s no reason to pay exorbitant prices for TV. If you’re stuck using paid-TV packages because you enjoy sports, see if ESPN offers a paid streaming package that may suit your needs better.

Insurance

Insurance gives us peace of mind to take care of us when disaster strikes. But many people are paying too much for their insurance needs. Shopping for online car insurance quotes lets you compare rates instantly between different companies. You may find significant savings by shopping around. Many insurance companies offer cheaper rates for car and homeowners who bundle their insurance. Make sure you inquire about the potential to save money through insurance bundling. Even if you don’t own your own home, many insurance providers will bundle renter’s insurance with car insurance.

Gym Membership

Sure, we all have the best intentions when the New Year rolls around. You’re going to get in shape and stay fit and the best way to do that is by going to the gym, right? Well, that’s probably not the case. Gym memberships and fitness classes can take a hefty chunk out of your budget. It’s even worse if you’re always making excuses for why you can’t exercise. At-home workouts can be just as beneficial as going to the gym, and many of them are entirely free. Start by looking up workout videos on YouTube from passionate fitness trainers. You may find that you prefer having the freedom of working out from home anytime you like.

Vices

Do you have a bad habit you’ve meant to drop? Perhaps you smoke or drink a bit on the weekends to take the edge off. Smokers and habitual drinkers spend more than non-smokers in a variety of ways. Not only must they support their daily habit, but life expenses like insurance and healthcare cost more. You can live a healthier lifestyle by cutting out a smoking habit and limiting drinking to an occasional treat.

Big Move? Top Tips to Prepare for Moving House

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Moving house can be one of the most stressful times in a person’s life, which is why it’s crucial that you’re adequately prepared. Here are some top tips designed to prepare you for the big move.

Get Rid of Clutter

You’ll want to reduce the cost of moving as much as possible, which is where a garage sale becomes particularly handy. Gather all the items you won’t be bringing to your new home such as unwanted furniture, clothing items and knickknacks and use it for the contents of your sale. When dealing with the items you’ll be bringing with you, establish what you’ll need immediately when moving in, and what can wait. While the storage units provided at Fort Knox can hold a significant portion of your belongings in between moves, you might consider hiring a furniture removalist for everything else. Not only can they provide assistance in the transportation department, but they’ll be able to assist you with unpacking and retrieving storage. Of course, if you’re on a budget, a DIY move certainly isn’t out of the question.

Moving House
Moving House

Check-off the Essentials

When you’re in the middle of a stressful move, you tend to forget about minute details. However, sometimes it is these smaller, particular demands that need the most attention. For example, questions you should be asking yourself before the big move are: How much stuff do you want moved? What size truck will removalists need to consider? Does your insurance policy cover your move? And you mustn’t forget that it’s also imperative to disconnect the utilities from your old home, and get the facilities such as gas and electricity running in your new home. Again, it’s a bit of a chore, but you won’t regret getting it over and done with before all the chaos begins to surface.

Leave House in Top Shape

As the soon-to-be former owner of your current house, it is your responsibility to obliterate any traces of you ever having lived there. New owners shouldn’t have to suspend their disbelief, but if you neglect your duty as a proof-eraser that is exactly what they’ll be forced to do. Give the walls and ceilings a fresh coat of paint, remove any unattractive wallpaper, and if your carpets have play dough stains, eliminate them as well. By moving day, the house should be absent of anything personal, or simply anything that makes it look worn. This way, the new owners can make it their own without any trouble.

Essentially, you want to make your move as easy as possible from start to finish. Ironically this means a bit of extra work, but it also means less work during the final stages of moving—the hours in which you will want to be relaxing with a good book in one hand and a glass of wine in the other. This is a lot easier to do when you have the comfort of running electricity, hot water and zero complaints of a play dough stained carpet. Much easier.

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