Little savings can mean a lot

Article Abstract:

Those suffering financial difficulties should focus on paying off any overdraft, as this will make a considerable sum of additional income available. They should look closely at their expenditure to establish where money can be saved, thus making available money to pay off their debts. It is worth trying to make regular savings by standing order. Once a savings account has been built up, it is possible to consider starting a pension.

Strategy & planning, Personal Financial Mgmt, World

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Dodging a pension trap

Article Abstract:

Those considering starting a pension must focus on building up as large a fund as possible. Their ability to do this will depend on performance and charges. The best way to reduce charges is to eliminate the commission element paid to a financial adviser, which accounts for up to half of all costs in a product's lifetime. It may be possible to persuade a financial adviser to take a cut in commission levels or to work on a fee basis.

Pensions

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UK: MANAGEMENT OF PERSONAL FINANCES

Article Abstract:

A study by Barclayloan has revealed that British people are becoming a nation of 'money managers'. The study shows that people are spending an average of eight days per year on the management of their personal finances. On average consumers are spending some 5.5 hours per month managing their finances. Men are said to spend longer dealing with their finances, 7.4 hours, whilst women allocate 4.9 hours per month.

Forecasts, trends, outlooks, Research Findings, Retained Earnings & Savings, Research, Brief Article, Barclayloan

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