Personal Finance | Money Management  


Financial Planning 101 Introduction | Financial Management | Personal Finance Money Management





Naturally, the bank that can provide you the best rate of interest will be the best saving account bank for you. But there are some other considerations to make here. Here we list the four important points you have to look at when you are scouting for banks that can provide best saving accounts. (i) The first thing you have to look at is naturally the rate of interest. 

The Bad Side of Online Savings Accounts The biggest con, for some people, is that there is no human face associated with these accounts. There s no human person you can hold responsible for a discrepancy in the account. Some people still like the old-fashioned way of banking in which they can interact with human cashiers and tellers. 

Choosing wisely will usually get you a lower repayment each month and possibly a shorter term as well. However go with the wrong credit counselling service and you'll be paying out more and for longer. To select your company you need to look out for some important points. Do they have a good record of helping people for example? 

Credit Card Bill Consolidation Loans Yes Or No Credit card bill consolidation is something everyone who is having problems making the monthly repayment should consider. That is down to the high amounts of interest that the card companies charge on your credit card bill. Consolidation loans are usually far cheaper rates of interest and really can work out to be quite a significant saving. 

Then do a similar calculation with your outstanding credit card balances taking the monthly minimum payment. That's usually about 5% but check, your card might be different. If you feel the difference will be worth it for you then start shopping around for the best interest rate and term you can find. 

Tell them you have a better deal on the table across the street. You'll be surprised just how much things can change with a little bit of competition. Of course if you've got poor credit things might not be quite so simple. And if that is the case maybe the best thing would be you for you to talk to a licensed debt counsellor or visit a bill consolidation service to get some idea of how you can reduce your monthly commitments.