Maintaining A Fashionable Lifestyle With Alamo Associates

We live in an age when consumerism is perhaps at its peak. Financial facilities that are now available have led to a general belief that it is now easy to buy whatever we wish, and then pay for them later in manageable bits and pieces. This has resulted in buyers becoming more aggressive. Buy now and pay later is the culture that has taken over the world. As a result, people are being more and more driven towards debt.

Easy money fuels buying

It is so easy to get into debt. Suppose you have a reputation for being fashionable, and you take pride in buying new items frequently. It is quite natural that in order to stay fashionable, you indulge in spending more on branded clothes and accessories. You feel a tinge of excitement every time you see a “sale” sign hanging outside of a store. In order to stay tuned with the trends, you become unmindful of the spending since money is now easily available through various financing schemes and credit cards. You pamper yourself with shopping sprees that soon become your habit.

priiincesss-fashion-quote-the-week-carrie-bradshaw-270425

The debt trap

The habit of uncontrolled buying can keep growing. This can lead to a dreaded financial rut as debts mount on credit cards. The temptation to borrow from multiple sources to keep pace with your buying habits is always a danger. Debt can also get worse due to just paying the minimum amount off every month against the debts, which is quite common with other financial needs, but the burden of debt gradually acquires menacing proportion. Along with other bills that need paying each month, managing debt can become a big problem. Missing out on payments can make things worse for you as debts keep piling and you can also end up with late and missing payment fees.

confess

Borrow from a single source Like Alamo Associates

So what options are available to help manage your debt and repayments?  You need to look for support from a company like Alamo Associates who prioritise what clients need by offering a single monthly payment with low interest rates.  The idea being that it is easier to deal with a single lender who offers finance at lower interest levels, enabling you to pay off the total sum of all other outstanding debts.

What Will Happen?

A company like Alamo Associates will first evaluate your needs and financial situation, before they offer you a new loan/payment scheme that should be manageable for you.  The new loan is obtained at lower interest rates so that you pay less every month and can hopefully lead to your debt being repaid in a way that still leaves you able to live day to day.

You have thus found out a way to get out of the vicious trap of debts that has now becomes easy to manage. You don’t need to give up your love for fashion to live a life free of debt. All you need to do is manage your finances better!

Getting Financially Savvy In Time For 2020

With Brexit edging ever closer, the credit crunch still in full flow, and money becoming increasingly tight, 2020 may well be the year when many people have to, once again, tighten their belts when it comes to family finance. But, if we are being truthful, are we as canny with our budgets as we could be. I know my answer to this question is no, but 2020 could be the year when you change all this.

Woman with coins in jar

Woman with coins in jar

Here are some of the things you could be looking at.

Bank Accounts 

Look carefully at your bank accounts. I have had the same bank account with the same bank for many years, but I’m not sure it is the right one for me now. Shopping around for a new account with better interest rates on savings could help to increase savings, and if they also offer things like travel insurance and other incentives, this may also save the pennies. In addition, my son Joe is now almost 11 and I think it is time he had a bank account of his own to teach him all about the reasons for saving. Many banks offer specific savings accounts for families and these are well worth a look.

Borrowing

Look carefully when you need to borrow. Bank loans and borrowing can leave you in a position where you can only borrow a large amount, which you then end up paying interest on. Borrowing in general can also be difficult if you have a low credit score. Polar Credit could well be worth a look if either of the previous statements apply to you. They offer a credit line which allows applicants to borrow money as and when they need it. Customers apply for a credit limit through an online application and if the application is approved, sums of money can be transferred to your bank account. Interest is paid only on the amount of money drawn out of the credit line, not on the total credit limit agreed, and repayments can be tailored based on an individual’s current financial circumstances with only a minimum repayment being a required each month. This means you can borrow small amounts (from £25), get the money quicker than you would from your bank, and with far lower interest rates than you would find from payday loan lenders.

Household Bills

Look at the household bills to see where savings can be made. Utility bills need to be looked at carefully, swapping your provider can lead to quite decent savings, and you can also lock yourself into deals which fix your rates for up to 12 months. In addition, if you use Quidco, you can gain cashback when you swap.

Your Shopping

Write a shopping list. This may sound like a no-brainer, but I never do this – ever. I walk around the supermarket and throw anything (and everything) in. Planning meals properly, checking what you actually need and writing it all down in a list should avoid waste and impulse buys.

Your Home Insurance

Keep up to date with when insurances need renewing and then shop around. I kept the same home contents insurance for years, I just kept renewing at a rate of £33 per month. I then had a random letter from ‘More than’ and saw they did home contents insurance. A quick phone call led to a new policy saving more than £250. When it comes to renewing, barter, and if that fails, get more quotes.

Shopping Online

When you shop online, shop savvy. Look for voucher codes, free delivery offers, companies that offer free returns. Sign up to email alerts that will tell you when the sales are on, or if there is a flash sale coming up. Nobody says you should never shop or treat yourself, but there are definitely more savvy ways to do it.

 

Fashion Is Your Business

It is often considered to be fun, frothy and frivolous. The obsession of the young, those with disposable income, wanting the newest trends as quickly as possible. Yes, fashion often gets a bad press from those who consider clothes to be a functional necessity rather than an obsessive passion. Those who indulge, and indeed love fashion can be labelled shallow, but, in reality, there is so much more to fashion than simply getting a ‘look’.

The Fashion Industry is one of the crowning glories of the British Economy, with London Fashion Week now firmly entrenched amongst the most important in the fashion calendar. It has been estimated that more than 105,000 visitors attended the shows and off schedule events at last years Autumn Fashion week in London, and this, in turn generated an estimated 269million in revenue, making it second only behind New York in terms of profit. This is no mean feat in challenging times. Tie this in with the respect and veneration that some of our greatest fashion exports are held, the likes of Vivienne Westwood, Victoria Beckham, Giles Deacon and Marchesa are all British born talent, with Osman, Alice Temperley and Molly Goddard all generating excitement (and A list fans) as their products are displayed on red carpets all around the world. Clearly the fashion industry is more than fun and frivolous.

But as the fashion industry grows, the nature of the selling of High Street Fashion changes. We are seeing more pop up shops and collectives, as shop fittings for temporary stores become more affordable and portable, meaning they can be moved from place to place as small businesses move around.

Fashion is also becoming much more universal in terms of entrepreneurship and business. As the High Street continues to struggle, more and more individuals and independents are starting small businesses and online stores that offer something different from the general High Street fare. Ebay and Etsy stores are becoming increasingly popular, selling a range of fashion products from independent designs to trendy imports that tap into the market. It is becoming far easier to make online stores look attractive and professional, using acrylic display units for jewellery and accessories in order to market your products is now an effective way to add sales.

Plus size stores that avoid the usual cliches of tents and butterflies are also a new and attractive business idea, with the added help that companies like TNT, who consider fashion to be important, giving lots of sound advice on issues like packing your items for delivery, transporting items safely, and even hosting your own fashion show, all important ways of getting your own small business out there onto the fashion radar.

SJP Front row

Whether you look at fashion from a designer point of view, or from the point of view of an etsy store holder taking their first tentative steps into the industry, it is clear that far from being frivolous, fashion truly is big business. All this, and fabulously stylish too.