Browsing: Personal Finance

These days we are gradually overcoming a long-standing taboo – going beyond what our parents taught us regarding personal financial management. So it’s time to ask the most basic personal financial questions and check financial status. Here are some elementary questions that are pivotal for your financial outcome for the New Year. How is your

Whenever you host a large event, like a wedding or a charity event, you ensure you have enough cups and plates and of course food. However, you are likely to forget to prepare for the most important thing of, insurance. If something were happen at your event, you could be the one responsible for the

The Internet has not only revolutionized things like the music, banking, and retail industries, it has also been a boon to purveyors of hoaxes and scams. Sometimes these are one in the same. Oddly, the very thing that has caused the upswing in the spreading of these, schemes, rumors, and hoaxes is the exact same

In a recent report commissioned by Killik & Co, the Centre of Economic and Business Research found that the average cost of care in nursing homes stands at a phenomenal £38,000 per annum. This figure is far in excess of the standard pensioner’s income; irrespective of your age, this has some serious financial implications for

The number of new homes being built across the UK is currently at an all time low. And with more and more people being forced into rental accommodation as they cannot afford the deposit to buy their own house or cannot get approved for a mortgage, rental values are being pushed up and up. The

It is an undeniable fact that you will reach some point in your lives where you are poised to retire from your professions. You dream of a life where you will simply relish traveling and having fun for the rest of your time. However, mind it that there is always a value that comes with

The primary function of a life insurance is to endow financial security to your recipients after your death. On the other hand, apart from simple income substitute, some kinds of life insurance contracts which include other features that permits access to finances during your lifetime. If managed and funded suitably, with the purpose to save

401k accounts have been very popular lately due to its number of benefits. People are opting for such accounts because it becomes a reliable source of income for your future. Saving is necessary if you want a stress-free life but sometimes in case of emergencies you have to cash your 401k accounts. But you should

Planning your retirement is vital for securing your future but it can be stressful. Whether you should choose the 401k plan or the Roth IRA plan, taking this decision is really confusing. They each have their set of benefits and disadvantages. Even after you contemplate the distinctive feature of independent 401k account, finding a retirement

Bankruptcy is a form of legal protection that financially shields a debtor from actions by a creditor. Creditors may force bankruptcy on a debtor to prevent financial operation or debtors can opt to resolve their financial difficulty in this manner or. Bankruptcy prevents debtors from borrowing money for many years. During the time of bankruptcy courts