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The Finances Behind Leasing Explained

When considering the increasingly popular method of leasing, as a way of financing a vehicle, it’s worthwhile understanding how it works financially. A grasp of the basic principles can help you make an informed decision. Leasing: unlike other financing methods Leasing is unlike other financing methods except, to a degree, PCPs (Personal Contract Purchase) in that you never own the car. You are effectively...

Are We Living Beyond Our Means?

What this could mean for the future of personal debt? – The UK is a nation of borrowers. A combination of cheap credit – through low interest rates – and the high cost of houses and other big ticket items means that many of us turn to lending to afford the things we need in life. It has led to a situation in which the UK owes a combined £1.5 trillion, with an average debt per household of more than...

Is it ever possible to make risk-free money while betting?

The short answer is ‘yes’ – surprisingly, it is possible to make risk-free money while betting. This is because the technique used does not involve gambling in the traditional sense. We are referring to ‘matched betting’ – an approach that involves covering all outcomes so that you are never out of pocket and are always making a profit. You won’t be gambling at all. So, if this matched betting...

Pension savings – Employed vs self-employed

The internet has created a cohort of self-employed entrepreneurs who are absolutely focused to maintaining their successful business. But, by focusing on their business and neglecting their personal finances, are the self-employed gen X’ers are putting their future at risk? To survive the worst economic climate of recent times, self-employed 35-44 year olds (generation X) have put their business above personal...

What are funeral plans and do I need one?

A funeral plan works in an essentially very simple and straightforward way: you plan for the funeral arrangements you want to made for you when your time comes, but you also take steps to ensure that the cost of those arrangements is covered in advance. In that way, your surviving loved ones are not left with the difficult decisions likely to be involved in finding the cash to pay for the arrangements set out...

The UK’s personal debt: is it as bad as we think?

According to The Money Charity the total UK personal debt at the end of May 2016 was £1.479tn, equating to an average of £29,266 per adult. Of that, the total credit debt was £67bn equating to £3,649 per adult. For those wondering, it would take more than 25 years to pay this back, if paying off the minimum repayment amount each month based on an average interest rate. The £29,266 equates to 112.9% of average...