When you’re approaching the end of your mortgage deal (for example, a discounted or fixed rate of interest), the general advice is to find a new deal as soon as possible.
But given current interest rates, this might not be the best decision, as your lender’s Standard Variable Rate might actually be a viable option for the short term.
It looks like process to get Icesave customers their money back is working, as 10,000 randomly selected savers should now have had their funds transferred to their chosen bank accounts.
I went to Ireland for a wedding over the weekend, and rather than getting some Euros from a travel agent or elsewhere before I left, I used the lazy option and simply withdrew money from the ATMs over in Ireland.
I ended up with quite a few unspent Euros, so what should I do with them?
Recent research by AXA has shown that as many as 1.5million people have considered suspending paying into their pension in the current climate.
Redundancy is, sadly, something many of us are having to experience at the moment, either directly or through our unlucky colleagues. I’ve seen it start to affect my friends, and I’m sure there’s plenty more pain to come in the coming months.
A Guardian reader recently submitted a question asking for other readers’ advice on making money on eBay – their idea was to trawl charity shops and car boot sales for cheap items that they can make a profit on selling on the internet auction site.
The advice given from other readers was less than positive. Here are the problems with trying to make money in this way.
When I first talked about the process for Icesave customers to request their compensation from the failed Icelandic bank, I mentioned the problems with using email for such a communication – that many emails would disappear into spam folders, and many recipients would be unaware that they ever arrived. It seems this has been the case for many customers.
Ramit over at I Will Teach You To Be Rich has started a challenge for November, aiming to get his readers to save $1,000, about £500, in 30 days.
Whenever there is a cut in interest rates, we often start talking about how homeowners will benefit with reduced mortgage repayments. Of course, things aren’t as cut and dried as that – there are winners and losers.
Since I’ve been tracking my spending to the penny, I’ve found myself logging into online banking pretty much every day to see what money has come in and most importantly, what has gone out. I can then record any outgoings in Expensr. When I’m not being so hot on tracking my spending, I generally login […]