Tuesday, 18 July 2017

: How A Short-term Loan Could Help You Pay For An Unexpected Wedding Abroad

In an ideal world, you will have saved up a lot of money in either a savings account or an emergency funds account that you have custom made with an in depth meeting with your bank. However the economy is always fluctuating, and somewhere down the line, something unexpected is going to happen in your life. Financially, the majority people don’t ever really feel like they have enough savings. Even more, people don’t feel as if they have a safe cushion to fall back on when they need a quick cash injection. The broad answer would be to use credit cards, as they are an immediate source of funds, however, they carry with them a disagreeable long-term penalty if the strict payment program is not adhered to. This is especially relevant when an unexpected event like a holiday comes up, and you don’t have the needed funds. This type of situation calls for a short-term personal loan or perhaps better termed a ‘holiday loan’. This might be the better option for you as there are many different uses for such a money product and different ways in which you could get the full potential out of it during your trip.

Credit - Steven R. Doty

Why a short-term loan?

With so many products and services, banks offer that can give you the freedom you need to save how much you want to and be given a reliably fixed interest rate. However, this is only available for long-term savings accounts, which require certain rules to be adhered to by the holder. With a little financial savviness, you’ll start to notice what the best route for your lifestyle will be. Of course, the next step would be to take out a credit card which has a set balance, and when used, immediately starts the clock for when repayments must be made, with interest.

None of these options are effective immediately, but with flexible long-term plans, with a reasonable schedule for when you can pay the money back to the bank or loan company. A short-term loan is more of a product, than it is a service such as the short-term plans, so a company treats you like a client rather than someone as part of a herd. Therefore, you short-term loan can be increased, the interest rate is flexible, and the repayment schedule can be prolonged if that’s what you wish. This kind of loan gives you a short-term cash boost but has the properties of a medium sized loan with flexible repayments.

Ease of attainment

Short-term loans are designed around loosely-based financial certainty of the applicant. This means that the overwhelming majority of people applying need only supply a brief amount of detail to the loan company. The immediate approval rate is very high making it easy to apply and attain. As they are only a short-term prospect, the APR rate is going to be high, but the instalments and repayments schedules are going to be flexible.

Shape the amount  

If you’ve been called out to attend an important wedding abroad, but you far from have the funds needed to go on the trip, along with book the hotel and pay for local services such as public transport, a short-term loan is a great saviour. There are many bad credit loans, which you can define the amount you need beforehand. If you plan out your journey, and then estimate the overall expenditure of the entire trip, you can shape the amount you need, as well as select the length of time you wish to hold the loan and therefore, the interest rate will acclimatise to that schedule. Unlike credit cards that become more uncertain if you don’t pay back the required balance each month, short-term loans allow you to plan, so you don’t run into this kind of trouble, giving you more control.

Image by - Jorge Royan

Wednesday, 7 June 2017

Why Is Growing Up So Expensive?

Do you remember being a child and wishing to grow up to be allowed to eat anything you wanted and stay up late? Most adults, when they finally embrace the multiple responsibilities and challenges of the grown-up life, wish that they could be children again. It’s not specifically the responsibilities that adults dislike – after all, with great responsibilities comes great power too. It is the cost of the adult life. When you become a grown-up, you rapidly realise that everything has a price. That, somehow, doesn’t match your childhood dream of growing up to be free. Nevertheless, while everything is costly, it doesn’t mean that you can find ways to make significant savings. Indeed, there are costs that you can actively limit, such as your energy bills. All you need to do is to look at for solutions to reduce energy waste, whether it is improving your insulation system or turning off the lights when you leave a room. Similarly, shopping bills can be reduced too. It’s easy; you simply need to find something else to do on a rainy Saturday – yes, it does sound boring, but your bank account will be grateful.
But there are other costs. Costs that you can’t avoid. Costs that pave the way to adulthood. Indeed, being an adult means that you start to have serious relationships – and maybe find your Mr. or Mrs. Right. You also climb the property ladder and become a homeowner. Maybe, at a later point, you will have children, and you will be responsible for the health of your family. All these stages of your adult life are more expensive than they should! Maybe being an adult is about making it through without accumulating debts, like some giant Monopoly game.   

Getting Married: Why Is Love So Expensive?

Could there be anything more wonderful than planning your wedding with the person you love? However, according to wedding experts, getting married is more than just an act of love. In average, weddings in the UK cost above £30,000. That is the equivalent of a one-year pay for most of the young professionals. Fortunately, as the saying goes, you get only married once – technically, you can get married as often as you want to, assuming it’s not all at the same time; yet it’s likely that you won’t be able to afford a proper dream like wedding day often. Nevertheless, from the engagement ring to the catering on your big day, getting married can be the conclusion of several years of saving.

The Costly Steps On The Property Ladder

Becoming a homeowner is the moment where you can finally wave goodbye to all the limitations of the tenant’s life. Finally, it’s your home, and you can do what you please with it, including painting the walls in the most outrageous colours. Admittedly, with this new freedom comes new responsibilities. You need to look after your home and to ensure that it is always in the best of conditions. In reality, the costs associated with a home related to moving in, improving it, and upgrading it. If you thought that buying a house what all the expenses you had to deal with, you were wrong.

Moving House

Picture the scene, you’ve bought a new house. You’ve already sorted out the mortgage agreement. All you have to do is move house. Sounds simple? It isn’t! Moving house means that you first need to pack all your belongings – you can thank B&Q or IKEA for all the boxes –, sell everything that you know you won’t need. Only then can you get in touch with a moving company, either to rent a van or to organise the move, depending on how much you have and how involved you want to be. Most first-time homeowners consider planning the move with their individual car, several friends and a lot of motivation. While it might seem to be cheaper than working with professionals, it might be in fact just as expensive, if not more. You need to take the cost of fuel into account – especially if you spend a lot of time drive back and forth between two properties – the cost of food and drinks that will be consumed during the move, the cost of hotels and restaurants if you are driving a long distance, etc.

Improving Your Home For Comfort And Safety

It’s not uncommon to have to think of home improvement projects when you buy your first home. Certain projects can’t be delayed, such as fixing the roof or modernising the kitchen with new appliances. Consequently, you might find that your savings are not stretching far enough for it. Whether you consider a short-term loan or a DIY approach with repurposed material, is entirely up to you. More often than not, homeowners include the estimated cost of essential improvement works directly into their mortgage agreement.

Buying A New Home

The last kind of cost you will have about houses is when you decide to step up the property ladder and buy something bigger, or in a better location. In other words, you buy more expensive. While you may partially finance your new house by selling your previous property, things rarely run as smoothly as you might hope. For a start, it’s likely that you will have to add value to your old home with smart renovation and improvement projects, such as an en-suite bathroom, a swimming pool, or even brand new energy-saving windows. If you want to sell the house at a good price, you need to invest in it. Yes, that means more costs. You’re never done spending when you have your home. 

Monday, 22 May 2017

Husky And Healthy: Why Having A Pet Is Good For You

Has it ever crossed your mind about having a pet? For a lot of people, having a pet is a lot of hassle for very little in return. They cost money, and you have to feed them, but did you know that having a pet is actually very good for your health? Let’s have a look at the benefits.

If you’ve ever cuddled a friend’s dog and felt all lovely and warm inside, that’s because your body is releasing a chemical called oxytocin, which has a calming and relaxing effect on people. It’s something that mothers release when they cuddle their babies, and cuddling your pet not only helps to release that chemical, but it will strengthen the bond you have. And depending on the type of person you are, not all of us are cuddly people, a cat is a different type of bond, and is more at arm’s length than anything. But when cats show their affection, they will cuddle up in their owner’s lap. The crazy cat lady syndrome may appear bonkers to most of us, but that cat lady is oxytocined up to the eyeballs!

Not only is there the happy hormone aspect, but wellbeing can be improved overall. Exposing children to pets at a young age reduces their chances of getting allergies like rhinitis or asthma. And the bond between child and pet is one we've all seen on TV and so forth, but the overall mental outlook of a lonesome child, when compared to a child with a companion, can be vastly different. For pets like dogs, a routine is very important, so the regular walks (or runs, depending on the level of your dog’s “enthusiasm”) will help to build up good cardiovascular health. And for children who have no sense of routine in their lives, this will encourage one. The task of looking after an animal that relies on you for everything will encourage a sense of responsibility, whatever your age! From buying food and essentials to comfy cushions or a leather dog pillow, the comforts your dog needs will be your responsibility. Even if you live alone, the fulfilment in owning a pet will stave off feelings of loneliness and encourage feelings of responsibility.
It is also a great method of calming down, as owning a pet will decrease the amount of cortisol you have in your body. This is the stress hormone that is released whenever we’re under pressure or have some anxiety. If you find yourself to be of an anxious disposition, you may find that the constant company will improve your whole outlook on life. Depression and anxiety are, unfortunately, very common, and if you find yourself in these states, this could help you to stave off clinical depression. And, a fun little fact, if you find yourself getting colds constantly, dog owners suffer fewer minor illnesses and ailments like colds! Of course, a pet will make you feel better, but make sure you have the means to give them the support and care they need.