Avoiding Christmas Debt

It may be the most wonderful time of the year, but it is also the most expensive. Christmas presents, Christmas food and Christmas experiences are all lovely, but they cost money, money we often don’t have. Christmas is the time of year when credit cards are maxed, store cards are opened and debts are accumulated, debts that we will then be paying off right into the New Year and beyond. There are things you can do though, to keep the spending, and therefore the debt, at a more manageable level.

Sort out the debt you already have

If you already have loans, credit and store cards that you are finding hard to manage payments for, it may be worth sorting out these debts before you increase them and take on others. An IVA ( Individual Voluntary Arrangement) could be an answer, allowing you to only pay what you can afford. To find out more information about IVAs click here.

Set Your Budget

For all the important things in life, whether it be getting married, moving house, booking a holiday, it is always sensible and practical to set a budget. Christmas is no exception. It is too easy to get carried away with the whole excitement of the festive period, buying heaps of presents that then sit under the bed for the next six months. Aim for quality over quantity and stick to that budget.

Shop Around

Whatever you are buying, you need to shop around rather than buying it at the first store you see it in, The Internet obviously has lots of bargains, but stores are now competing, with whole weekends dedicated to discounts that are often store wide. Also, look for things like the Boots Star Buy, a promotion that M&S has also started to embrace, 3 for 2 offers and buy one get one free or half price bargains.

Wait for Black Friday

If you are planning on buying anything electrical, or at the top end of your budget, then it could be worth waiting for Black Friday. Some stores are already offering early Black Friday deals, but it is worth signing up for email updates for key stores, and watching sites like Amazon who have some great Black Friday deals each year which can help you make huge savings.

Make sure you are savvy with the cash this Christmas.

3 Ways That Owning a Life Insurance Policy Can Contribute to Your Happiness

The saying happiness is a choice is too cliché but it is nonetheless true in many instances. Our life decisions help pave the way to either happiness or ruin, which means that prudence has to be exercised when making day to day choices. One such decision that one needs to do is to prepare for the future, and while it may be morbid to think about our passing one day, many say it is a healthy attitude towards the reality of life. Over time, acceptance of death has become widely practiced and even prepared for. Hence, life insurance is becoming increasingly popular among young adults.

While life insurance is basically a preparation for the inevitable, it also provides benefits to people from day to day, including happiness. Learn more about life insurance at https://www.pacificinsurancegroup.com/. Here are some of the ways of how life insurance can make people happy.

  1. Provides a Sense of Security for the Future

Security comprises a major part in personal happiness. The feeling of having a safety net on whatever may happen gives a good feeling. Secure people are generally happy and they tend to appreciate the present more than those who opts to shoot in the dark and rely on luck. Having a life insurance provides such sense of security for young adults and even those who are nearing their 40’s or 50’s. Many people in their late adulthood who have life insurance are reportedly happier than those who don’t.

  1. Gives Peace of Mind

Nothing compares to peace of mind. In fact, this is the top reason why people work hard and accumulate wealth. However, it seems elusive to some and many are quick to lose it. Buying life insurance gives a certain degree of peace of mind as it allows a person to secure his or her person. Knowing you will be taken cared of well upon your passing helps you feel prepared, and thus feel good about yourself. It also reduces the worries of future financial status and makes one enjoy their day to day life better.

  1. It’s a Way of Caring for Your Family

Family is one of the greatest things that can make one happy, and this happiness grows exponentially as one provides and cares for his loved ones. The same is true with life insurance. Buying yourself a life insurance plan is a portrayal of love to your family because you take the burden off of them when the time of your death comes. Life insurance will cover expenses upon death and this takes off a heavy financial load from your loved one’s shoulders. With it, you can also better enjoy your time with your family because you know everything is taken care of.

Whatever other reasons may be on how life insurance contributes to your feelings of happiness, it is doubtlessly beneficial in the long run. This is why it is always better to buy a plan while it is still early on in life. Adults, too, can still take advantage of this opportunity and live happier, better lives.

 

When you need a little financial Advice.

 

The Low Interest rates we have been experiencing over the last few years have proved to be good news for those with a mortgage, but less good news for those with traditional savings held in bank accounts. This has led to a rise in people taking a more active part in financial planning, particularly looking towards securing their future, and also a rise in people seeking professional advice on how best to use and secure their savings.

Whether it be pensions you are seeking help with, or investments you want to make, or have made and want to protect and grow, you can always seek the help you need. Personal financ­ial planning can help you find solutions you need to protect your money, and hopefully see it grow further, providing a nice nest egg for you and your family.

Advice from a reputable company like Barretts Financial Solutions can look at issues like retirement and pension planning, another very hot potato in light of a growing, ageing population, but they can also look at other areas that require financial support, having a major effect on how we live our lives as a 21st Century family. These can include health and life insurance, school and university fees and even looking carefully at your mortgage, and at any other property you might also own.

If you want to get some financial advice from someone other than your bank manager, I would suggest that you look for a company like Barretts. The simple reason for this is that you can hold a totally free, no obligation initial meeting with financial advisors to assess your situation and look for a plan of action. This will give you a chance to air your own individual needs, and hopefully start planning for a more secure future.