Endownment Mortgage shortfall not as bad as it first appear, if you act now!

May 8th, 2013 - Posted by Julian Hearn

Today’s big financial news is the looming time-bomb for interest-only mortgage holders. Below is a quick summary of the problem:

“Some 2.6 million UK householders have the mortgages but the Financial Conduct Authority said estimates suggested that nearly half would not have savings or other funds to cover the final bill. The average shortfall is £71,000, according to FCA research.” The FCA is new name for the Financial Services Authority.

At first glace, this is a massive and scary problem and the end result could cost hundreds of thousands of people having to either sell their house or having to take out a new 25 years mortgage to pay off

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What are you going to do after you’ve conquered the world?

May 2nd, 2013 - Posted by Julian Hearn

I heard a discussion on the radio today about a conversation between Diogenes of Sinope (a greek philosopher who lived 400 before Christ) and Alexander the Great. I know what your’re thinking…what the f**k has this got to do with money saving. Well bear with, Diogenes was a clever old chap.

According to legend, Alexander the Great came to visit the

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7 Ways to Survive a Tight Budget

April 29th, 2013 - Posted by Julian Hearn

Many people hate living on a tight budget. It’s sort of living with shackles around the wrists for some. Every time you step outside of your limits, they dig into you a little – making you hate that life and having to live it in sacrifice mode.

And when you resent where you are, you’re not likely to stick to it – causing a further spiral downward – financially.

So how can you survive on a tight budget and still be happier?

This is how to be happier living on a tight budget

1) Change your mind. The first step in any transformation is changing the underlying

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17 Of The Best Free Android Apps That Will Make Your Life So Much Easier

April 2nd, 2013 - Posted by Sean McColgan

As more and more people leave the iOS platform in favour of sleeker, cheaper phones running Android, mobile developers are taking note, and focusing on app development for the next wave of Android devices hitting the market in 2013.

What does that mean for you? Even more awesome productivity apps that can help make your life easier, remember important information, free up your time, and even save you money. Here are 17 of the best apps on the market right now…

33 Creative Ways for Students to Save Money

March 14th, 2013 - Posted by Tania Dakka

Ignore this: FJ56U6TVH5YS

Being a student usually means being broke. It’s no fun. But, the hard part isn’t not having money to do the things you want, it’s having the credit to do them – and avoid using it so you don’t pay more than you should in the end.

But you don’t have to rack up debt just because you’re a student. This is an excellent time in your life to put away cash for the things you’ll want later. And your spending habits now will help give you a good footing for later in life.

33 Creative Ways to Save Money as a Student

Split your housing with flatmates – Housing isn’t

Is Apple ripping off everyone in the World apart from Americans? Average iPhone 5 mark-up 29.5%, Samsung S3 -17.5%

March 8th, 2013 - Posted by Julian Hearn

In the UK, we’re often ripped off when buying foreign goods. So before buying a new SIM free iPhone 5, I thought I better check out the price in the USA.

Surprise, surprise! The 32gb iPhone 5 is 22% more expensive in the UK. There are many reasons for the markup, but the main one would be VAT (currently 20% in the UK), but there is a sales tax in the USA, which is similar to VAT in the sense it’s added to the cost of lots of goods. Sales tax varies across the USA, for example California has a base sales tax of 7.50%, and can total up to 10.00% with local sales tax included depending on the city in which the purchase is made.

To get around this I checked out the

The Frugal 100 Awards: 2013 Edition

March 6th, 2013 - Posted by Julian Hearn

The Definitive List of the Most Influential Frugal Bloggers & Apps

Frugal living is the art of making do with less. Now, living with less doesn’t mean that you never buy anything for yourself or that you give all your money away…no – being fugal means that you spend your money wisely — on something you want, experiences (no – watching Dancing on Ice with a takeaway doesn’t count), and most importantly on things you need – not on what you think others expect you to have.

Living frugally is not easy – we’re always on the lookout for insights, tips, and strategies from savvy bloggers. From frugal fashionistas to frugal travel hackers – we scour the web daily for the best of the frugal blogosphere to share with you…

With that – we’re launching our annual Frugal 100 Awards – the frugal blogs we love, and read daily.

Here are the categories

What Does the Average Person in the UK Spend their Money on?

February 20th, 2013 - Posted by Sean McColgan

In today’s post we review data on tax and living expenses in the UK for the average person.

How do you compare?

A Snapshot of the UK Economy: A Billion Here, A Billion There (Infographic)

February 12th, 2013 - Posted by Sean McColgan

If you had a billion pounds to spend, what would you spend it on?

A high-speed train line that would save commuters 23 minutes of their journey time? (you’d need 32 billion pounds for that), or maybe invest it in an NHS computer scheme? (only for it to be scrapped, and come in at the tune of £12 Billion).

A billion pounds doesn’t go a long way in the UK (unless that’s Government tax on petrol and alcohol) – in today’s post we wanted to take a snapshot view of the UK economy in 2011/2012 and answer the question – What do we spend our money on?

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Golden Money Truth #1: “If you spend more than you make you will be poor”

February 12th, 2013 - Posted by Julian Hearn

To live a financially stable life it’s essential to “Cut your coat according to your cloth“, which means do whatever you want to do within your ability/available resources. If you can’t afford something ask yourself, “Do I really, really need it?” And, “Do I have to have it now?” The chances are the answers will be “no”, so wait and save up for the things you want, you will appreciate them more, and there is a good chance once you have worked and saved hard you might change you mind because the thing you think your wanted it not important enough to give up your hard earned money for.

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