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Independent Financial Advisors in general
Newest Review: ... account to somebody like the Halifax who will charge you 8.9% if you go overdrawn (typically 16% elsewhere) and pay you 3% if you actually have money in (typically 0.1%). This may not be quite as good value if your net income is less than £1,000 a month though. Savings: While chasing the rate is a good idea, simply forcing the habit is perhaps the challenge here. Most of us fritter money away. Set up a standing order for £50 a month or more for every pay day. If the money disappears from your account before you have a chance to spend it, you will never notice it missing. This will mean that you have £600 next December to pay for Chri... more |
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Independent Financial Advisors in general: Make The Big Clearout: Sort Your Finances Now For Better Va ... (1613 words)
by opinions4u - written on 04.01.03 (Very useful, 642 readings)
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Okay, the new year is here an it is time to review your finances. You know it has to be done. Your bank is probably making a fortune out of your inactivity, so be proactive and sort it out! Income: The first place to start with your financial wellbeing is to earn more and spend less. Well, earning more may be awkward, but make sure you are claiming all your tax allowances and tax credits. Have you filled in your form for Working Tax Credit or Child Tax Credit. Over 80% of eligeable claimants this year are throwing away £500 by failing to claim the additional benefits available for newborns. Ring you tax office and get a form or check out ...
Handle with Caution (545 words)
by upton66 - written on 17.10.01 (Very useful, 521 readings)
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There is now so much freely available information around that few people need to spend any money on financial advice. Having seen friends and even family stung for huge fees I am very sceptical. The moral is you must do your homework first before seeking any advice. In line with the old 80-20 adage that applies to most things in life, 80% or more of the rules and regulations and general information available relates to endless detail covering every possible if and but of a situation. Just 20% or less will contain all the information that will make you as well informed, and probably more up to date than any financial advisor. Money sites like ...
Independent Financial Advisors in general: It's all on a piece of paper (363 words)
by fitznstarts - written on 01.06.01 (Very useful, 255 readings)
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Many of us may be happy to trust our GP, Dentist, Accountant or Solicitor (and in many cases pay them a lot of money), but why do people expect Independent Financial Advice for free? Do you know how well qualified your adviser is? If they work directly for an insurance company or bank they will be highly regulated, but can probably only advise you on the products that their organisation offers. They are not independent. There is now a growing trend for fee-based advice that is unbiased and untainted by commissions. Why the reluctance to pay for it though? Good advice may appear expensive but should save you money (or make you money) ...
