Tag Archives: Saving

General Business

Recession ‘has Not Changed Saving Spending or Borrowing Habits’

The uncertain economic climate has failed to change the saving, spending and borrowing habits of UK consumers, new figures have shown.Research by HSBC has found a disparity between what Britons say and do, as 76 per cent stated they are worried about their fiscal situation but 68 per cent have yet to adapt their financial habits.

Almost one-fifth of the population are putting less money into savings accounts, despite the attractive bond rates available.The study found that twice as many consumers aged between 18 and 24 have changed their savings habits compared to those over 55, with 57 per cent claiming that the recession has altered their behaviour.

More than a third said they are putting more money into their savings account, while 23 per cent said they are saving less due to the uncertain economic climate.In terms of spending on credit cards and other facilities, women have adopted a much more proactive attitude to reducing their average outlay than men.Just over a fifth said they are spending less compared to 17 per cent of men, with the younger generation leading the way again.

More than two-thirds of Britons said that they have not changed their borrowing habits in any way, while 26 per cent said they are less inclined to borrow and six per cent are borrowing more.Richard Brown, head of savings for HSBC, said that despite the majority of people claiming to be concerned about their financial situation, the figures show that many have failed to take steps to address the issue.

“This suggests people either have their heads in the sand and do not realise the need to change or that they have simply decided to stoically ride out the recession by refusing to alter their ways,” he added.One way in which consumers could alter their financial habits is by learning to shop around for the best prices on products such as personal loans.

Joanna Parsley, associate director of Credit Action, said it is imperative to do so to ensure that a product is the most suitable of all the available options.

Forex Trading Articles

Saving Money on Foreign Currency Exchange

When making a money transfer it is the aim of most people to lose as little money as possible. There are many ways to seek out the best prices but it can take time so often a currency exchange provider is the best port of call. Here are some tips on finding the best foreign currency rates:

Your own account manager If you are frequently transferring large amounts of money it can make sense to work with a company who will provide you with an account manager who will actively look for the best foreign currency exchange on your behalf. They will provide advice on the best commercial currency exchange available and the bets process to follow. These foreign exchange experts have been in the industry a long time and have great experience so can guide you through all the pitfalls.

Commission free transfers There are some companies that will charge a commission to carry out a money transfer but there are many that don’t. They will however charge a marginal rate which falls in value as the amount you transfer increases. To find the best fees you should look at all the options open to you and make an informed decision. By researching the companies thoroughly you will gain confidence in your chosen currency exchange specialist and will feel relaxed about the transaction.

Research foreign currency exchange Research is the best means of finding the best foreign exchange rates. If you transfer money often you should always track the exchange rates. A good reputable foreign currency exchange company will have competitive rates.

Regular payments If you have to make regular payments you can agree this with the company and they will choose the most advantageous time to transfer money. This can save huge amounts of money. At Pure FX we offer a full currency exchange service with competitive rates.

Market Analysis

5 Time Saving Tips for Online Business Owners

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It is super easy to lose track of time and get totally absorbed in time-wasting activities that ultimately zap your progress and keep your business at a standstill. To keep you on-task, here’s some time saving tricks that will help keep you focused on activities that keep your business moving forward.

 

  • Plan to work on your online business no less than 2-3 hours a day in the beginning stages and then you can reduce your time as needed once things are up and running.
  • Work on posting and traffic building tasks first within the first 30-60 minutes, then schedule the rest of your work tasks in 30 minute increments. And stick to it!
  • Use the Firefox internet browser – open the sites/pages/blogs you need to work on first, then use the save feature. Next time you open Firefox it will automatically open to those pages you need to access first. Don’t allow yourself to open any other tabs until you have completed your important tasks first.
  • Maximize your downtime – those times when you find yourself waiting at the doctor’s office or at the beauty/barber shop – carry pen and paper (or if you prefer, your laptop) with you at all times so you can quickly jot down article ideas or work on drafts.
  • Use the the “email post” feature (Blogger) to send “text message” posts from your cell phone. (You can set up this feature by going to your Blogger “dashboard.” Click “Settings,” then click “Email & Mobile,” scroll down to “Posting Options,” and create the email address you want to send messages to. Then select “Save Email as Draft Posts.” so that your messages don’t automatically post to your blog. Don’t forget to click “Save Settings”. Now you will be able to send emails or text messages to the new address. You will then be able to edit and then post the message whenever you’re ready.)

Let me know how these tricks work out for you!

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