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British Consumers - New Year Resolution is to Save More Money!

As we approach the middle of January 2009 many of us find our new year's resolutions is slipping away as they always Thurs For many of us it is just something we do at New Year and then hope to remember New Year's Day and resume later. For many of us are the usual resolutions start dieting to lose weight, stop smoking, drink less, find a new job, divorce, live a more healthy, happy, save money and see a moneysaving expert help. Crickey as he slid here! Financial Times has reported that the new research commissioned by the ABI has shown that almost 50 percent of British consumers had made this new years resolution to start saving more money for the future. Most of these people have made this resolution, given current economic conditions and their fear for the future. 1,040 UK adults were interviewed by Populus in December 2008 and 47% of them said their New Years resolution would be to save more. 51% of respondents also said that current economic conditions made it more likely that you can resolve to save more.All this comes at a time when Gordon Brown and Alistair Darling are asking the British people to go out and spend, spend and pour a little ', so that we can spend our way to debt. This is difficult for us to do as all I hear is thousands of people losing their jobs, the pound fell against the U.S. dollar and the euro, the present value of the free fall of the bank, etc. To make matters worse, we have 24 television news reports that give us all the injection time of darkness and doom.It surprising because many people have made New Year's resolution to start saving more money for the future. Interest rates are below 1% and those savers with over £ 50,000 have had to divide their money between different savings accounts. This should be done to protect their savings if the bank or building society failing. They would then be covered by the guarantee scheme for deposits of British governments in UK.If having New Year's resolution is to start saving more money for the future, then you need to be applauded and encouraged to do Like a Sun money saving expert I must warn all investors recently converted, who have agreed in advance with savings accounts at the time. Savers with mortgages would do better to overpay their mortgage they are paying 5% or 6% per year compared to the paltry 1% or less from their savings accounts. By overpaying your mortgage you should not pay income tax on your earnings from your savings account. The money you overpay your mortgage with the intention to immediately begin reducing the duration of the mortgage to save thousands of pounds SO 'along the remaining life of the loan. Free.Ask overpaying your mortgage is risk free and tax your mortgage lender how much you can overpay your mortgage without being penalized and if you can withdraw any payments you make more. This is important if you want to have access to this money in the future. If you need to be able to withdraw money deposited in the future and your lender will not let you then you need to look at other alternative savings vehicles, such as ISA are tax free, safe and provide access to your money in the future, but right now interest rates are poor. You may choose to remortgage to a new mortgage lender that will allow you to overpay, underpay and take your mortgage payment holiday periods on your mortgage. [ABSTRACT] As we approach the middle of January 2009 many of us find our New Year's resolutions slip away, as they always do. For many of us it's just something we do at New Year and then hope that you remember and then continue on New Year's Day. For many of us are the usual resolutions start dieting to lose weight, stop smoking, drink less, find a new job, get divorced, to live a more healthy, happy, save money, save money and look for help. Crickey how did this take! The Financial Times reports that new research commissioned by the ABI has shown that almost 50 percent of British consumers this new year resolutions are made at the beginning to save more money for the future. Most of these people have this resolution in light of current economic conditions and their fear of the future. 1,040 UK adults were interviewed by Populus in December 2008 and 47% of them said their New Years resolution would be to save more. 51% of respondents, moreover, that current economic conditions are more likely to happen to save more.All dissolve in a moment, wondering how Gordon Brown and Alistair Darling, the British people are going to spend and spend and spend some 'in more, so we made our way to debt. This is difficult for us than anything else, what we hear is, thousands of people losing their jobs, the pound fell against the U.S. dollar and the euro, the value of bank shares in freefall, etc. To make it worse We 24 newscasts on television all of us an injection time of sadness and doom.It surprising because so many people made for New Year's resolution to start saving more money for the future. Interest rates are below 1%, and those savers with over £ 50,000 had their savings among different savings accounts are divided. This should be done to protect their savings, the bank or building society will go bankrupt. They would then be covered by the deposit guarantee for savers of the British government in UK.If New Year's resolution to start saving more money to start for the future, then you should be applauded and encouraged to do this is. As percent of all the codes I just converted to warn investors that it is always too short time with your savings accounts. Customers with a mortgage would be better to pay their mortgages, compared to 5% or 6% per year, with a paltry 1% or less of their savings accounts to pay a lot. Through much you pay your mortgage does not pay income taxes on your earnings would be from your savings account. The money you pay the mortgage with much started immediately, the loan term and save thousands of pounds for the remainder of the loan must be reduced. Free.Ask overpaying your mortgage is risk free and tax your lender how much your mortgage without penalty to pay too much, and if you can lift one of the overpayments you. This is important if you want to have access to this money in the future. If you will be able to withdraw the money in the future and your lender will not allow, then you have to look at other alternative savings vehicles, such as ISA, as tax-free, risk free, and they need you can solve your money access in the future, but interest rates are currently poor. You can choose a new provider with which overpay, underpay and take short breaks from the payment of a mortgage is the mortgage remortgage.

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