How to be prepared for a financial emergency

If you don't have enough savings to fall back on, you should take action now to protect yourself from an unexpected bill.

A third of us are living on the financial edge with no savings whatsoever. The three most common unexpected costs were: car repairs, medical bills, and technology that needed urgent repair or replacement. Worryingly, many of us would either have to get into debt or increase our debt if we were hit by unexpected bills. And, unless you can rely on family or friends, getting hold of a decent chunk of cash fast will cost you. So it’s better to be prepared in case of an emergency.

Here are two ways to make sure you have money on hand for a rainy day.

Read More

Fiance or Fiancee get your finances in shape early

Sort out your life insurance It’s important to make sure the person you love is adequately provided for, whatever happens to you. This means taking out life insurance – and also considering critical illness cover and income protection. Cover your rings! Your wedding rings are not only significant emotionally – chances are they cost a bit as well. So it’s daft to ignore insuring them. Ask your home insurance policy provider whether your engagement and […]

Read More

classic mortgage mistakes

There are countless articles about getting the best mortgage deal, explaining how to do it right, from finding a product that meets your needs to bagging the cheapest rate.

But, in reality, there are probably half a dozen or more ‘right’ mortgages for most borrowers – all of which would be suitable, competitive and meet their needs. Even in this restricted, post-credit crunch mortgage market, there are still many homeloans out there to choose from.

What’s just as important as finding a deal that suits you is avoiding making an absolute clanger. It’s a case of borrower beware when it comes to taking out a mortgage, because getting it wrong can cost you thousands.

Below are five major mistakes that could lead you to the wrong mortgage:

Read More