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.
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.
When you are in a committed relationship, how can it affect your credit status? And is it a good idea to have joint finances?
The simple answer is that it can be but for some, but for others it really might not be the best solution – and the key is to understand the impact of joint financial agreements.
That’s why on Monday (22 Sep) on LBC’s Money Hour show, we joined hosts Clive Bull and Sarah Willingham to talk about the impact of joint finances.
Did you know that from today there’s just 100 days left in the year? To mark it, we are launching an exciting new competition* on the Experian UK Facebook page. Just tell us your end of year goal – in no more than 250 words, with your own photo or a video – for a chance to win 1 of 3 £1000 prizes and become a Facebook star.
It could be following a lifelong dream, going somewhere you’ve never been before, taking up an amazing new hobby or skill – the choice is yours! We may also feature your goal and photo or video on our Facebook page.
The competition lasts until 22 October, when we’ll then choose the three most inspiring goals and aspirations as the winning entries. The winners will receive a £1000 prize: we may also film and interview each winner to find out more about their story.
Just visit our Facebook page to enter. You can then share your goal with your friends on Twitter & Facebook, and get them to enter their own one!
We’d all like to achieve what we want in life, but many of us put it off. So now is an ideal time to get started! By breaking it down in small steps, achieving your goals can be done, but you need to take that first step.
* terms and conditions apply
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?
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.
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.
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.
One 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.
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.
New car sales in the UK are booming – and September marks the start of more new vehicles coming onto our roads, as new licence plates are issued.
Car finance is one of the most common examples of how we pay for the kind of ‘large ticket’ items that we just can’t afford in full, or it may not be practical or advisable to put on a credit card.
Whether it’s a brand new model or a second-hand purchase, we may need to pay for it in stages using a loan or hire purchase. With either of these types of finance, a good credit rating can be the difference between getting a good interest rate or not, or sometimes getting any deal at all.
Here’s Anthony Hill from broadbandchoices.co.uk with some tips on buying mobile phones for children:
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.