Monthly Archives: November 2016

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Save Your Way to Wealth (But Don’t Forget To Live)

canstockphoto21503128You can learn how to save your way to wealth and still enjoy life in the process. Nobody is born with an understanding of budgeting, investing, or even money itself, and we all learn at our own pace how to best handle our finances. Everybody knows that it is important to save money, but few people successfully save enough money to develop a sense of financial security. This is due to a lack of understanding about how to approach personal finance. With a few basic rules to guide you, you can dramatically improve your savings and start building your net worth.

The first principle of personal finance is to keep track of your incoming and outgoing money. To be aware of your money is to spend it wisely. How will you improve your spending and saving habits if you don’t even pay attention to how you use your cash?

A simple way to practice this principle in the real world is to track all your expenditures for a week. Every dollar you spend must be written down. After a week, add up the costs of various spending categories like food or travel. This will help you see areas for improvement, such as cutting down on fast food spending or reducing how many miles you drive per week.

Another important rule of thumb is to save at least 10% of your paycheck in a long-term savings account. This isn’t money that you save to buy something with, like saving up for a TV. This savings account, or investment portfolio, is your retirement fund. Many families, even those with healthy incomes, have little or no savings put away for retirement. If you want to be able to retire with dignity, you will need to start saving as early in your life as you can.

At first, saving 10% of your paycheck may sound impossible with all of the living expenses and bills you need to pay. It is reasonable to start with five percent going towards savings. Aim to increase this amount to 10% over the course of a year, or with your next pay increase. Remember that this is money you are paying to your future self, with interest. Consider the opinion of financial thought leaders like VTA Publications CEO Jim Hunt, who advocates self-discipline as a crucial habit for success. Use the habit of self-discipline to put away that money into savings and never touch it again.

The final principle is to put aside another five to ten percent of your income for purely recreational spending. Don’t forget to live your life today in addition to keeping an eye on the future. Most of us already spend at least 10% of our income on some form of recreation, so this is more of a reminder than a hard and fast rule. No matter how frugal you get, be sure to enjoy yourself and reap a few rewards for all of your hard work.

How To File A Claim For A PPI Check

canstockphoto17103176PPI or Payment Protection Insurance is a great idea and can help policy owners out of financial debt in the event of permanently or temporarily being out of work, accident, sickness or death.

When you have PPI you have peace of mind when the unexpected comes around. However, there are times when PPI is sold to customers without them knowing it. This quite often can cause financial issues. Always make sure when you apply for a loan, mortgage, credit card or other financial products that you read all the entire contract before yo sign it. In the event that you pay for PPI and don’t want it, there are a few ways you can get that money back.

The first thing you should do is file a claim through a PPI claims expert for a PPI check. They will advise you on how to go through the process. Claims experts can set you up with cheaper ways of making a claim. Many people who had PPI and didn’t want it were able to recover their money with taking any type of legal action. When you handle this type of matter with the legal system you’re going to save a lot of money especially when you don’t seek the expertise of a PPI claims expert which can usually incur a hiring fee.

Another thing to consider when getting a PPI policy is exactly how much protection do you have over an extended period of time. If you have a traumatic experience such as a death in your family, loss of a job, accident, sickness or disability that has caused your to lapse in payments you can put the protection of your PPI into effect. The problems many people have is that they have been paying for PPI and don’t know they have it to help them through difficult times.

Most claims experts can help you get that money back or they can help put the protection into effect just when you need help the most.

To make sure you’re not confused about PPI or how to get a PPI check be sure to ask your insurance provider. Be sure you understand exactly what PPI covers and how much it costs. Be sure you have all the documents you need that support you have PPI. For more information visit www.ppicheckcompany.co.uk