5 Simple Steps to Save on Your Bills

Most of us dread the monthly bills, especially in winter, however, whether its gas, electric or water there are ways of hindering the leakage and stop your money from draining away along with the soap suds. Bills are never going to go away so finding ways of cutting them back is the best solution.

Don’t fill the kettle up all the way

I always remember my Mum saying this to me, only boil as much water that you need. You use more electricity the more water you boil. If you want two cups, only boil enough for that.

Don’t leave the taps running

Don’t wash the dishes under running taps, shower more and bath less. These are all simple things that could help to reduce your water bill.

Don’t leave electrical goods on standby

If you’re not watching it then turn it off. This should be in regard to computers, stereos and TVs.

Draft excluders

My Granny had one, and it worked, however old fashioned you may think this is, there are trendy ones on the market, but more importantly they are really efficient at keeping draughts at bay.

Lightbulbs

This, in fact, is quite a biggy, it may seem a tedious thought, to change every light bulb in our home, but LED bulbs will save a huge amount on your electricity bills. It’s worthwhile phoning your local council, as some of them give them away too as part of energy incentive programmes.

Sensible spending is an approach that all of us at PiggyBank are in favour of. We are a payday loan direct lender,  and our service is designed to offer responsible lending to those who are in need of short-term loans and able to pay back within fixed and agreed repayment terms.

Top Tips for Winter Saving

The rising costs of energy bills have obviated the need for saving energy and therefore making your home more efficient. Here are a few basics that you can do to start saving money during these winter months and all year round.

  1. Set out a few basic rules for the whole family, its simple things like turning lights off when you leave a room, turn the TV off when you aren’t watching it. Don’t put the heating on unless it hits a certain temperature.
  2. Getting everyone on board can really help with this. Talk about it at the dinner table and explain why you want to make your home energy and cost efficient. Set up a reward chart for the kids, good behaviour will equal a treat, why not make that treat relevant to your cause.
  3. After implementing the day to day habits, think about what you may need to physically do to your home to make it function better. Solar panels for an example are an investment but your bank balance will ultimately reap the reward. They will help to eliminate what may have previously been energy draining appliances. Tumble dryers in the winter months for getting an entire families clothes dry can be a real drain. Unless it’s pouring with rain then hang them outside to dry.
  4. Play in your natural environment, keep illness at bay by reaping the benefits of fresh air, ride a bike, go for a run, make your body as energy efficient as your home.
  5. Look for appliances that consume less energy.

For more information on long term lending contact today.

How to Cope with the Unexpected

With this month’s relaunch of a major short term lender, the spotlight is yet again focused on this necessary but often criticised industry.

A Useful Resource

The newspapers tend to universally condemn short-term loans. If you are employed but have a poor credit score, the banks won’t help you, so often a short-term loan is the only way to survive a personal financial crisis. For example, if there is a death in the family and you need to take a long journey to visit relatives, where can you turn for emergency cash?
Debt charities warn against getting into debt in the first place, but if you haven’t had a pay rise for years and have a growing family demanding new school uniforms or football kit, how are you supposed to satisfy these reasonable demands. This is where a short-term loan comes into its own. As long as you plan your budget and satisfy the new Financial Conduct Authority rules, you can apply online for emergency financial aid.

Other Borrowing Options

There are others forms of loans. People have been borrowing from pawnbrokers for centuries. So-called logbook loans entail the handing over of your vehicle ownership until such time as the loan is paid off. Both of these options mean that the lender will undervalue your goods or car, so that you may find the loan you are offered isn’t commensurate with your needs. With short term lenders you know exactly what sum you’ll be offered and the precise date when you have to repay the loan.

Are Coupons Worth It, And Will They Save You Money?

The current financial climate has meant that scrimping and saving on everything has become a must. Saving money is harder these days, but can coupons help? Or do they lull you into purchasing more or make you spend out on items you don’t need, just because there is money off. 3 for 2 is great, or buy 2 for £1.20, but sometimes when these items are only £1.17 each the saving is minimal, if anything at all, and in the case of food, it can get wasted. So not all of these savings are worth it.

Reducing the cost of your food bill each week can seem impossible, however coupons do help and if you are loyal to a particular supermarket, then this can pay off. It is plausible to turn pence into pounds when saving with coupons, you just need to be savvy about it. As time goes on all of those savings will add up.

Organisation is key, keep all of your coupons in one place, I use a clip on the fridge, then they are always there as a reminder when I next go shopping. Most big superstores give away in-house magazines, these often contain special offers and vouchers, so they are always worth a flick through.

The web is a great resource for downloading tokens and vouchers, by joining Facebook groups and signing up for newsletters and emails from your favourite brands, money saving has never been easier as loyalty is always rewarded.

Sensible spending is an approach that all of us at PiggyBank are in favour of. We are a payday loan direct lender,  and our service is designed to offer responsible lending to those who are in need of short-term loans and able to pay back within fixed and agreed repayment terms.

Common Money Issues for Young People in Rented Accommodation

Thinking about renting your first home can seem overwhelming and exciting. Planning is essential, creating a budget is important, enjoying the move should be savoured. Here are a few ideas to consider when thinking about the costs both obvious and hidden.

  1. Be aware of all of the costs; what you need to pay up front and anything that you may incur. It will help you prepare for anything unexpected before you move. So make a coherent plan of everything you need and set a budget for it.
  2. Deposits for your new dwelling will need to be included as well as any reference fees if using an agency.
  3. Living independently means furniture; this includes all white goods such as a fridge, freezer, cooker and washing machine. If you have family buying any of these for you, then great, otherwise see if anyone can help with their second-hand unwanted items. Searching on gum tree, Freecycle and eBay are also useful places to start. Some rental properties will include white goods so checking this out beforehand is really important and will stop any overspend on any unessential items, leaving your budget lighter.
  4. If you need to buy furniture, then begin a savings plan as soon as possible. Charity shops, and flea markets often sell a plethora of goodies that will give your new pad its individual lift.
  5. Think about planning for all of your monthly bills, Council Tax, Gas, Electric, Water, TV License and insurance all need to be part of the essential monthly budget, alongside rent and food.
  6. Price comparison sites can be very useful when searching for the top providers of gas and electricity.

Top Tips to Manage Your Money

  1. Keeping a note of your weekly expenditure is a great way of helping to understand your money and where it goes. After a couple of weeks you will be able to see the ‘leakage’. It’s like turning on a tap, sometimes it feels impossible to walk out of the front door and not spend a bean. The amount of takeaway coffees and extra snacks all add up, and it’s these that can be filtered out if you are trying to reign in the purse strings. Write down everything, including toiletries, train tickets, your bus pass to work, everything. It will help set a realistic budget
  2. Understanding the difference between what is necessary and what is a luxury will make you consider what you really need. If there is an essential to purchase, then extract those extra lattes for a few weeks.
  3. Save where possible, find a bank with a decent interest rate and put some money by each month if possible, having a financial safety net can take the strain out of unavoidable bills such as an MOT for the car or a big birthday.
  4. Bargain hunt, use discount vouchers, collect bonus points on loyalty cards and cut out any money off vouchers from magazines and newspapers. Over the course of a year you would have saved a fair amount of money, even if that’s what you use to afford yourself and your family that extra holiday treat. It’s worth watching and learning to love your money.

Short Term Loans – Who Can Apply?

News stories about borrowing and the debate about short term loans have dominated the press over the last year. The government’s borrowing was put under the microscope in the recent election, and in common with our rulers we all need to borrow in an emergency.

Use a Short Term Loan Responsibly

This type of borrowing is ideal if you have a poor credit history and need access to funds. Also known as a “bad credit loan“, these loans can be taken out quickly and repaid flexibly within days or months. Banks have tightened up their lending criteria, and many people can only turn to a short-term lender when they need financial help.

New conditions, introduced this year by the Financial Conduct Authority (FCA) mean that you will have to be able to prove that you can repay a loan by presenting an example of your income and expenditure to the loan company. You must also be able to demonstrate that you are in employment.

The rules were introduced to stop reckless borrowing and to ensure that the rising levels of personal debt in the UK don’t climb any higher. A recent article in The Guardian highlighted the fact that personal debt in the UK was set to rise to £10,000 by 2016.

Only Borrow if You Have to

Unexpected expenses occur throughout life. A new pair of shoes for your child, a broken window at home or even emergency car repairs all cost money. If you don’t have the cash to hand, or your credit card is maxed out, then a short-term loan is often the only solution. Just ensure that you don’t take out a loan for a frivolous reason, that you later regret.

PiggyBank short term loan repayments are flexible and simple, you can repay early without charge and can choose from a range of repayment options to suit you.

Budgeting for Christmas

Taking positive action to keep away that dreaded January credit card bill that will inevitably be overladen with Christmas goodies, is creeping up quicker than we would like. Here are a few top tips to help plan ahead.

  1. Think about what you want to spend by planning ahead, work out what you can realistically afford without getting into debt. Now is the time to purchase presents in the sales or look for cheaper alternatives and early bird deals.
  2. Once you have worked out your budget, stick to it. Don’t let last minute panic, spiral out of control, it’s all in the planning.
  3. Larger families should consider the option of Secret Santa, everyone’s names goes into a hat and each person chooses one person to buy a present for. It works with colleagues in the office so why not try the same thing at home. If a budget is set then it can ensure one lovely present and not lots of throw away plastic junk.
  4. It’s become increasingly popular to make your own presents, now is the perfect time to think about what everyone likes and tailor goodies to suit. Homemade jams and confectionary make wonderful gifts, get your kids to design and, make the labels for something that is inherently individual.
  5. Same goes for Christmas decorations, get everyone involved.
  6. If you are lucky enough to be going away for Christmas then consider booking transport sooner rather than later. Train, coach and bus tickets can all be purchased online and collected on the day at your destination, normally with the card that you used to purchase them with, so don’t forget that!

Sensible spending is an approach that all of us at PiggyBank are in favour of. We are a payday loan direct lender,  and our service is designed to offer responsible lending to those who are in need of short-term loans and able to pay back within fixed and agreed repayment terms.

Keep Your Home Warm in Winter Without Breaking the Bank

It’s not just the harshness of the winter months that can take its toll on you but the reality of the increase in our energy bills can be a shocker to the wallet. Bad weather automatically leads to higher costs on heating your home so here are a few ideas that could help keep the costs down and the temperature up.

  1. Prepare your home for the winter months. Make it more energy efficient by plugging up any air leaks. Heat loss through air leaks can account for an extra 10-20% on your heating bills. So don’t throw it out of the window. Applying insulated film over windows could be a solution for any leakages. It’s an inexpensive way of containing the heat in your home.
  2. Turn the thermostat down a bit and put on a jumper instead. Thicker duvets at night time will keep you toasty. Homes that are unbearably hot in winter also contribute to the mutation of germs, keeping your home a little cooler could also help keep the winter bugs at bay.
  3. Heat is wasted in rooms that are not used that often. Make sure that the rooms you use frequently are warm by closing the doors to the ones you use less.
  4. Seal the attic, this is a massive source of energy loss, check that your attic is properly insulated and that what covers the entrance is secure and sealed. This will help maintain the heat within your home, rather than losing it out of the roof top.

For a payday loan or a short term loan, contact us for more information.

Going on Holiday Without a Credit Card: a Short Term Lender can Help

Holidays are expensive. You save up all year, buy your new clothes and sort out the travel insurance; suddenly you don’t have enough money for any emergencies or adventures.

Holiday Pay doesn’t Stretch Very Far

Even if you’ve held down a job for many years, you’ll soon find that holiday pay doesn’t go very far. Targeting short-term loan companies as a solution may be an option. Before you go on your holiday work out your budget. Only ever consider taking out a short-term loan if you can afford to repay the sum – and the incurred interest – on what you’ve borrowed.

Always Read the Small Print

Under regulations introduced by the Financial Conduct Authority (FCA) all short-term lenders have to publish their terms and conditions on their websites. This means that you, the borrower, will be aware of the sum you can afford, the repayment date and any additional fees. As long as you are in employment and have created a realistic budget, you’ll know whether you can afford to take out a loan or not.

You will find security in the knowledge that should something go wrong on your holiday, and you don’t have access to any other means of credit, a short-term lender could provide a solution. Any loan should only ever be taken out if other funds aren’t forthcoming. Borrowing from a short-term lender in an emergency on your holiday could give you peace of mind.