Savings Archives - Business Blogger

Haulage fleet insurance: a cost-saving guide

Popular perception probably has it that the haulage industry is dominated by just a handful of well-known names.

As the website Work Space points out, however, the industry continues to operate through a network of much smaller enterprises, and 87% of all haulage companies have fewer than five vehicles, and more than a half (57%) of all haulage companies have just one heavy goods vehicle (HGV).

For small businesses, in particular, the cost of haulage insurance is probably a significant element of operating costs and, even where there is only one HGV in operations, the enterprise is likely to run other cars, vans or light trucks.

In short, however many the vehicles in use by a company – large or small – saving money on haulage fleet insurance is almost certainly a concern.

Here are some tips and suggestions for doing just that: [Read more…]

Saving Money with Effective Financial Planning

By Marcela

Sitting down and assessing your finances does take time and while it’s not compulsory, it can help to improve your feeling of financial stability and indeed save you money.

There are a number of reasons someone may choose not to budget, some struggle to find the time; others don’t see it as important and some simply can’t face their finances in these tough economic times!

A Monthly Budget

An effective monthly budget is the cornerstone of all stable financial lives. It not only provides you with a framework for your monthly spend, but it also highlights any areas that you may be spending too much and can consequently cut back.

If you haven’t created a budget, then now is definitely a good time to do so. One of the quickest and easiest ways of doing so is to use an online budget planner. Having created an implemented and effective monthly budget, you’ve got the foundations, now you simply have to build around them.

Assessing your outgoings

In the expenses section of your budget, you’ll have listed all monthly and yearly credit commitments and subscriptions. Now it’s time to assess these commitments, and identify whether you’re able to save money on any of them.

Naturally, you’ll be unable to affect your rent, mortgage or council tax payments. However, here are a few of the areas you should be able to save on:

Utilities

Many swerve switching broadband provider as they see the switchover process as a hassle. Due to the introduction of the internet and indeed price comparison services, finding a cheaper deal and switching providers is now extremely easy as the majority of the work is done for you!

Broadband

If you haven’t switched broadband providers for a number of years, the chances are you’re paying over the odds for a service that is essentially out of date. This is because in the past few years, the quality of service available has improved and the price has decreased. Simply use one of the large price comparison sites to see how much you could be saving. [Read more…]

Considering a Payday Loan? Then Read This First

By Marcela

In a perfect world, no one would need to borrow money, but this is far from realistic as everyone has a situation when an expense pops up unexpectedly, usually at the worst time. For most payments like your car breaking down or a bill being higher than you first thought, sometimes you may need cash in a hurry, so you might consider taking out a payday loan.

Many people are anxious when it comes to borrowing money, and taking out a new loan from any company can come with dangers, but if you do your research, find out how payday loans work and make sure you can make repayments then this type of loan could be for you. One of the temptations when taking out a loan is to take a larger sum that you really need. We recommend borrowers to take only the amount that they need so that they do not have problems with repayments.

What is a Payday Loan?

Payday loans are short-term loans that are usually used to tide you over until your next payday. They are normally paid into your bank account on the same day that you apply and you can get anything from £50 to £1200 but this varies from company to company.

Do I qualify for a Payday Loan?

If you are 18 years old or older, in full or part-time employment (and now even temporary or contractual employment) and earning more than £500 a month, you are more than likely to qualify for a loan. All you then need is a bank account for a company of your choice to pay the loan in, with a debit card for you to repay.

You need to:

Be over 18 years old
Be in full, part-time, contract or temporary employment
Be a UK resident
Have a bank account with a valid debit card
Be paid by direct deposit, into your account
Take home over £500 a month

How much will I have to repay?

Loans are generally charged at £25 for every £100 that you wish to borrow although some lenders do charge more. It is always advisable to check all terms and conditions before taking out a loan, as some companies can sneakily hide additional costs. Although you can defer payments, we do discourage you doing this, as it is cost effective to pay off your loan as soon as possible.

Another aspect of these types of short-term loans that many people find daunting is the high APR. Most companies have a very high APR but you have to bear in mind that this APR is a measure of annual interest, and these loans are only short term. Only using APR when considering a cash advance is a bit like seeing how much it would cost to rent a film using the theoretical cost if you were to keep it all year!

When will I get my loan?

Most great payday loan lenders will design payday loans with you in mind, they are easy to get and repayment is automatic. As soon as you have applied online, you will get a loan approval decision. Terms of your loan and payment will usually be sent directly to your bank account within few hours of application. All you have to do is make sure that you have enough money in your bank account on your next payday and it will be taken out automatically. Simple. [Read more…]