Fast Finance Help

Are you paying a monthly fee for your bank account that claims to be part of a ‘package’? If the answer is yes, then you really are just spending money for the sake of it. Most people are offered some sort of upgrade for their free bank account, with new features such as interest rate discount or insurance. Before agreeing to this, what you should be doing is asking yourself if you really will actually use these new features? Think about it, how often have you used insurance through your bank account? What I put to you is look at your bank and what other banks are offering, can you get better features elsewhere?? Can you get better interest rates elsewhere? I’m going to say yes, you probably can.

Paying only ten pound a month for a bank account may seem like a good deal, but think about it….. it’s £120 per year! This is a fair amount of money for most of us, especially when the best bank accounts out there don’t even have a fee.

Okay, so you’re convinced that you want to find another bank account, or at least see what else is out there - where do you start? First off, take a look at your finances. Are you more than often in the red, or in the black? I.e, are you overdrawn most of the time, or is your account mostly in credit? Overdrafts are expensive, and cost you more money than when you are in credit. So if your bank account is more often in overdraft than in credit, choose an account with the best price for overdraft charges. There are bank accounts with 0% overdrafts available, and some banks will even pay up to £100 for new customers. If your bank account is usually in credit, then you could earn up to 80 times more interest on your cash! All in all, you can save hundreds of pounds by choosing the right bank account for you.

So get out there, save yourself some money and choose the right bank account for you. I’m going to close on one statement, and that’s:
Remember - The Current Market for Banks is Extremely Competitive. Banks Are Throwing Money At Customers To Get Them To Switch Bank Accounts. USE THIS TO YOUR FAVOUR!

Well I thought I’d write some top tips when it comes to either avoiding debt, or dealing with existing debt. Whilst some of them may seem obvious, what I want you to do is actually ask yourself… do you follow these tips yourself. Try it:

1) Don’t bury your head in the sand and ignore debt, DEAL WITH IT!

2) Don’t just get a consolidation loan and go with the thought that you are debt free, digging yourself into more and more debt

3) Consolidate your debt. Consider getting a loan, this isn’t for everybody but can help in the right situation

4) Consider bankruptcy, don’t be so scared of it. Careful though, seek professional advice before making this decision.

5) Pay something off. Even if you can’t afford to pay the lot, just contribute towards your debt, it will be appreciated

6) Try not to loan more, unless you are considering a debt consolidation loan

7) Take a good look at your social life. Do you really need to buy new clothes every month? Do you really need to go out for expensive meals and drinks as often as you do?

8 ) If you own a credit card, consider moving your debt to a interest free offer. There’s plenty of them out there.

9) Cut up your credit cards, don’t use them. They’re evil unless for emergencies!

10) Try and smile, don’t stress. Stress can lead to serious illness and can harm others around you. Stay happy people