Prepaid cards give access to online shopping for kids

Posted on 05/05/2011 by Simon Potter

Parents will undoubtedly have a number of concerns when it comes to their children shopping online, namely how to control how much they spend and guaranteeing financial safety against possible online threats. Our techno-savvy kids no longer flinch at the idea of making online transactions. However, as responsible individuals, we have to ensure that the amount they spend remains within the limits of our budget. At the same time, we have to provide adequate freedom to these young adults so they can make their own decisions and thus give them the opportunity to become financially responsible citizens. A solution has now appeared in the form of prepaid cards. Continue reading →

How many bank accounts are you allowed at one time?

Posted on 03/05/2011 by Eve Smith

A bank account allows a person to undertake financial transactions. There are essentially two types of bank accounts: debit accounts and credit accounts. A debit account is when the customer puts his own money in the custody of the bank (i.e. the bank owes money to the customer). The credit account is when the customer owes money to the bank. In the case of a debit account, the bank will pay interest to the customer while the reverse is true in the case of a credit account, with the customer paying interest on any money borrowed from the bank.

As regards debit accounts, there are also two types:

(i) Savings account

(ii) Current or checking account Continue reading →

How to find out if your credit card has an ‘inactivity fee’

Posted on 25/04/2011 by Simon Potter

Some credit card companies charge fees for dormant credit card accounts (accounts that haven’t been used for a set period of time).

There is a limit of time that each credit card can be dormant after which it starts attracting the inactivity fee. Most lending financial institutions that have inactivity fee charges have differing lengths of ‘dormancy’ that they will allow before they start charging you for inactivity. Continue reading →

Most economic car to drive over its lifetime

Posted on 20/04/2011 by Eve Smith

When you talk about the most economic car to drive over its lifetime, you can actually find a long list of good options. With petrol and diesel prices going up all the time, it makes sense to do your homework to find a great car. Keeping this in mind, most car manufacturers have already started building cars that are more economical than ever. That’s the reason why it is possible to find most cars returning much more than 80 miles per gallon (mpg). Continue reading →

Have you got a GAP in your motor insurance?

Posted on 12/04/2011 by Simon Potter

In today’s highly critical traffic conditions, it’s not sensible to drive unless you have the correct level of motor insurance to protect you (it’s important to note here that driving without at least 3rd party car insurance is illegal in the UK).

However, if you have a loan or your car is on a lease, you need to pick a right type of insurance policy. That’s when you could consider opting for Gap car insurance as an add-on to your standard car insurance policy. Continue reading →

Top 50 credit card tips

Posted on 24/03/2011 by Simon Potter

Whether you have a wallet full of credit cards or are thinking of getting your first, here are 50 top tips for dealing with your plastic: Continue reading →

Beginner’s guide to personal finance

Posted on 24/03/2011 by Simon Potter

Managing your personal finances is, at its most basic, a matter of making the most of money coming in (income) and minimising the money going out for bills, expenses, and discretionary spending. If you’re just starting out on your own, it’s a good idea to keep your finances simple at first. Continue reading →

3 tips to help spring clean your finances

Posted on 22/03/2011 by Eve Smith

While you’re at your spring cleaning, consider some finance help to sort out your money before summer hits. Here are 3 finance tips to get you going: Continue reading →

Simon’s Finance Web: March 2011 edition

Posted on 17/03/2011 by Eve Smith

The deadline for funding your ISA savings accounts is looming, so let’s start with that, this month. You can invest up to £10,200 in shares or investment funds in an ISA and the interest will be free of tax. You have until 5 April 2011 to use your 2010/2011 allowance. But, you don’t have to invest the entire £10,200, and if you want to build up your rainy-day slush fund, you can put up to £5,100 into a cash ISA and put the rest (if any) into a shares and stocks ISA. Continue reading →

How to earn Nectar points on your everyday internet shopping

Posted on 10/03/2011 by Simon Potter

If you have a Nectar card, you want to make the most of it, right? Nectar cards are the most popular loyalty cards in the UK. Normally you get two points for every £1 you spend, though there are special promotions where you can earn extra points. If you reuse your old shopping bags at Sainsbury’s, you get points for that, too. Continue reading →

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