Monthly Archives: September 2014

7 ways good planning could help you cut costs

Small changes to the things we do on a regular basis can help cut down costs

Small changes to the things we do on a regular basis can help cut down costs

Most of us want to try to make the best use of what we have coming in by reducing what we have going out.

It doesn’t have to be formally ‘saving money’, but sometimes just making small changes to the things we do on a regular basis can help cut down the cost of our weekly shop.

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What’s your year end goal? Emma’s story

Experian are spending 100 days following the fortunes of three people with hopes of achieving their dreams this year. Singer-songwriter Emma Ballantine‘s end of year goal for 2014 is to plan her next EP, and to go on her first tour.

I spoke to Emma to find out more about her 100 Days challenge.

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100 days left this year!

What would you like to achieve by the end of the year?

What would you like to achieve by the end of the year?

Did you know that as of tomorrow (23 Sep) there will be only 100 days left in 2014?  What would you like to have achieved by the end of the year?

An Experian survey* found that September is a time when people are prone to making changes – as if our schooldays have programmed into our DNA that the falling of the leaves indicates a ‘new term’.

In fact, 30% of people who’ve changed jobs in the past three years did it in September, with more people retraining (53%) or taking up a new hobby (22%) in this month than at any time in the year. It’s also the second most common month for starting a relationship, buying a new car, and starting saving money.

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What to do when buying a home with a partner

Buying your first home with a partner, and getting a mortgage together, can mean there’s a lot you’ll need to agree on – from furnishings to finances and more.

Compromise will inevitably have to be reached regarding the area you choose, the layout, the size, how long you intend to be there and several other factors. Do you need to be near a good school? Is it important to be close to a train station? Buying together is likely to mean an element of give and take in many departments like this.

Making sure that you’re financially able is important too – would buying a property stretch your budget to breaking point? Not only is there a mortgage to think about, but also one-off costs like solicitor’s fees, as well as regular bills & maintenance costs.

Your credit rating can be an important factor here.  In general, the higher your credit score, the better your chances are of getting your mortgage, lower interest rates, and better deals.

If you’re applying to have a joint mortgage, bear in mind that credit reports only become linked if two people have actually applied for credit together (eg: a joint bank account, a mortgage with two names on it) or they tell Experian or a lender that they are financially connected.

By checking your Experian Credit Report you can see if and how you are financially linked, it can also help you understand if you need a little work to tidy up your credit history before a joint mortgage application is made.

For more helpful information on mortgages, visit www.experian.co.uk/mortgages, with useful hints, tips and features.

How you could get your mortgage approved

Men bringing boxes into house-300One of the key things to do when preparing for a mortgage application is tidying up your financial situation.

Your mortgage is likely to be the biggest financial commitment you’re ever going to make – so it’s going to be important to make sure that you find the best deal for your circumstances.

 

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5 ways you could build up a credit history

Lenders like to see some evidence that you’ve been a reliable manager of credit in the past – that you’ve got a record of taking credit and paying it back under the terms agreed.

But what if you don’t have a much of a credit history? You would need to build up a credit profile to support future credit applications.

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How to keep control of costs when buying your child a mobile phone

Here’s Anthony Hill from broadbandchoices.co.uk with some tips on buying mobile phones for children:

If your children run up a huge phone bill, your credit rating could be affected

If your children run up a huge phone bill, your credit rating could be affected

At what age should you buy your child a mobile phone? It’s probably not a question your parents had to consider. However, a recent study by broadbandchoices.co.uk, where you can now compare mobile phones as well as TV and internet deals, found 90% of kids aged 8-14 have one and, on average, are just 10 when they get their first handset.

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