n 2011 many people are worse off finan- cially than they have been in the past. That is why it’s important to think about ways that you can save money – even if it’s only a few pence here and there. It’s a cli- ché, but they do all add up.
1. Consider where you save Interest rates are not what they once
were. Check to see that you have the best interest rate for your savings and don’t be afraid to switch to another bank or build- ing society in order to save more. The in- terest rates on fixed-rate bonds are climb- ing and so if your financial position is secure, then this is something to consider.
2. Avoid Credit Card debt Try not to overspend on your credit
card! The interest rates are normally high, and so consider switching to a 0% APR credit card – it may mean that you’re charged for transferring the balance, but this will be nothing compared to the con- tinuing interest that you will pay should you continue to rack up costs on your original credit card.
3. Think about your overdraft situation Many banks will charge you for being
overdrawn. Shop around to find a bank that will not charge you a fixed fee or in- terest for being overdrawn. If you can’t find one, work out whether a fixed over- draft cost would be cheaper for you than paying interest on your overdraft.
4. Avoid renewing contracts without
At Bank of the West, we value the individual.
shopping around This applies to phone, internet, and TV right through to insurance renewals. Cus- tomer loyalty is not always rewarded and so don’t just renew your contract assum- ing that you will be offered the best deal. Shop around and you may just find some- thing better – quote this to your existing
The Black E.O.E. Journal
Different perspectives generate fresh ideas. That’s why at Bank of the West, we value diversity and equal opportunity for all. We’ve grown stronger thanks to our unique blend of people. After all, in today’s competitive banking environment, it is our employees that keep us a step ahead of the rest. For career opportunities, visit us online at
bankofthewest.com.
© 2010 Bank of the West. Bank of the West and its subsidiaries are equal opportunity/affirmative action employers. M/F/D/V
5 Money Saving Tips for 2011 I
provider and they may just match or better it!
5. Look for special offers, discounts and
coupons It’s an obvious point but one that so
many people ignore. When shopping for food, clothes and whatever else be sure to shop around and see what is on offer. Many stores compete for your business and will offer ‘buy one get two free’ and other great offers. Collect coupons too, and search online for vouchers and dis- count codes! If you do find yourself in financial dif- ficulty consider approaching someone with a reputation for effective money management and asking for help. Only use a reputable company and check online for any reviews. They will be able to talk to you about such things as IVAs - indi- vidual voluntary arrangements, bankrupt-
cy and debt management. This can include debt consolidation and remortgaging. Don’t let debts spiral out of control - as soon as you think you could be struggling talk to a professional. Source:
articlesbase.com
www.blackeoejournal.com
83
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100