Posts tagged ‘Crunch’

How to Survive the Credit Crunch – 3 Simple Saving Tips

Times are tough. However, you are tougher. That is why, with a few small and simple Saving Tips you can make changes to your lifestyle and spending habits, you can not only survive this credit crunch, but you can get back on top of your finances.

Limit your weekly spending

Think about all those little extras that you purchase every week. Maybe this is a coffee every day on your way to work. Maybe this is a quick sandwich and salad from the cafeteria at lunch. Perhaps it is a gossip magazine every time you visit a store. Or maybe it’s a daily mid afternoon energy drink or a pack of cigarettes. Whatever you are spending in a day, these little things can really add up.

Think about this: if you are buying a $ 5 coffee a day, then you are spending an extra $ 100 a month. If you are purchasing a $ 10 lunch every day, then you are spending an extra $ 200 a month. Cigarettes, magazines, energy drinks, after-work cocktails- all of these things can add up without you even realising it. Suddenly, you are at nearly $ 500 extra dollars a month, just with coffees, lunches and other daily treats.

You’ve probably heard people say “I don’t know where the money goes.”
Now you do. It is the little things that make the expense difference.
Your Savings start with a single Dollar.

Resist that sale!

When something is on sale, it’s a lot harder to simply walk past it. Retailers know and understand this; that is why they have sales. With the credit crunch and the slow spending, retailers and shops are constantly advertising their low prices and half off sales.

However, even if something is one sale, you are still paying for it. It is still an expense.Think twice before you spend and ask yourself the question: Do I need it or I just want it? Avoid the temptation and save.

Re-Shape your Special Indulgences

There are certain indulgences that you should never have to give up. Life is made up of those simple pleasures.

For those who love to spend their days off enjoying a cup of coffee and reading a good book, you can still do those things. However, instead of purchasing the latest $ 30 hard cover book and ordering a $ 7 double-shot-slim-mocha-chino-frap-a-licious-dollap of cream-on-the-top-coffee, you can buy on line at reduce price or visit a second hand book store and make the coffee at home. Browsing through a second hand book store is like exploring a whole world of forgotten treasures. And, finding a good book for under $ 5 is an indulgence in its own right and the savings are yours.

Or, for those who love to indulge in a spa treatment after a stressful week, why not create your own spa-like atmosphere at home? Light candles, put on soothing music and purchase some cheap massage oil from the drug store. Then, sweetly ask your hubby or beau, for a nice, long, lingering massage. Of course, you may have to exchange the favour but that is all part of the fun.

With a few minor adjustments to your daily lifestyle and weekly indulgences, you can save a couple hundred bucks and put those money woes behind you.

Edna Ferman is a Personal Finance expert and coach and residing in Sydney Australia. The creator of The EKG Money Method, Eliminate Debt, Keep your goals in sight and Get out of Debt. Edna has created this method, using her experience and expertise in managing her business, her business finances and her personal finances. With this knowledge and using this method herself, Edna has been advising and helping many people in enabling them to reach their financial freedom and will show you how to have a passionate love affair with your money.
http://www.theekgmethod.com

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Beat the Credit Crunch This Christmas With a Secret Santa

We always feel a pinch of Credit Crunch during Christmas especially when it comes to gift giving. Since we are under the pressure of financial crisis during this time, why don’t we think of alternative ways on how are we able to save? Especially during Christmas season? Secret Santa is actually a good way of giving gifts to people. It’s kind of fun and exciting way of exchanging gifts and also a great way for us to save money.

Secret Santa is a typical exchange of gifts in a group. One person doesn’t need to buy one gift for each person in the group but to one only. The names of the participants are put to a hat and each person will draw out one name. Each drawn name will remain secret from the rest of the group. Every person will be the secret Santa of the person that they’ve drawn. The group will decide the price limit for the gifts and will decide the date when to exchange the gifts.

This way of exchanging gifts is a good solution especially for a large family. Every member will have enough time to prepare one special gift for just one family member. All family members are entitled to join.

During the expected date of exchanging the gifts, all are gathered and each Santa can personally give his/her gift to their receiver. In some occasions all the gifts are gathered and are placed in one corner and a representative picks a gift and call out the name of the recipient. There are instances when the giver won’t place his/her name on the gift so the receiver will not know who gave the gift, this is when the giver wants to remain anonymous to his/her recipient.

This type of exchange gift is very practical and money saving. One will be able to really prepare and spend for that one special gift for one special person only. Probably, other savings or money of the group can be spent for food and/or for more important matter.

Secret Santa way of exchanging gifts could be a very memorable experience for the family during Christmas. No worries of spending to all members of the family because each member is already expecting one special gift that would be enough to be happy and appreciative at Christmas time.

Sometimes finding the right Christmas gifts for your friends and relatives can cause a headache. Therefore, we compiled a list of top selling Christmas gifts 2009 to rest your mind. Also, if you have friends or relatives that have new born babies, make sure to check out our Christmas gifts for baby catalog which I am sure you will find lots of useful resources over there. So see you around!

Conservatories and Double Glazing Can Help You Beat the Credit Crunch

The current economic climate has meant that for the first time in years we have seen falling house prices and some unfortunate people are finding themselves in negative equity. Therefore for many people who would of been looking to move home are finding that they are in a position where this is not an option. Instead of moving house many people are opting to improve their current home instead. They are doing this for two reasons not only will it make it their home a more enjoyable place to live but also because it will hopefully increase the value of the property if the decide to sell.

There are many different improvements you can make to a home but some of the most popular are fitted kitchens, bathrooms, replacement windows and conservatories. Depending on how old your existing kitchen or bathroom are will depend on if they need replacing or not. However, if they do need replacing kitchens and bathrooms can help to give your home a real wow factor.

Double glazing will help to give your home what the estate agents call curb appeal. This basically means making your home more aesthetically pleasing on the outside. By making your house more appealing on the outside is likely to attract more interest if you do decide to sell. Double glazing will also help you to save money as it helps to keep the heat in during the winter months meaning it will lower your gas and electricity bills.

Although the initial outlay of adding a conservatory to your home can be considerable, they are one of the best ways of adding value to your property. Adding conservatories to your home mean you are adding extra living space which is always a good thing. Conservatories are also very desirable and often something which is on house buyers wish list. A conservatory can therefore help you home to stand out from the crowd.

Whether you are wanting to improve your home to make it a more enjoyable place to live or you are wanting to claw back some of the value you have lost due to the credit crunch making improvements to your home if done right can make a huge difference to your home.

For more information on Double Glazing, Conservatories and Replacement Windows please visit our website or call into your local show room.

Beat The Credit Crunch With Accounting Jobs

Opting for accounting jobs has turned into a popular pattern in the current economical recession. Since the great depression, many people are finding themselves in a lot of financial problems and stress. With the job marketing becoming more stringent and hard to breeze through in the current day and age, there are only limited job fields that offer a bright and successful future to the prospective employees or people who are searching for new working opportunities.

Finance or monetary strength is seen as the building blocks to every successful business. It should not come to one as a surprise that there is a great need for accounting jobs in the current market and the supply of the workforce is not that outstanding unfortunately. For those whom are unaware of the job description of accounting jobs, it mainly entails around the idea of monitoring cash leaving and coming into a business.

The difficulty of accounting jobs varies based on which institute one is employed in. To be considered for accountancy related work, one is usually recommended to be certified by a qualified accountancy body. The requirements to be considered for such job roles vary depending on your countries authorized requirement body.

If you are looking to apply for an accountancy connected job, there are many ways that you can attempt in doing so. The most common strategy that many are known to do is to go to a career centre. These types of job centres are usually located on the high street and are known to have the most up to date work available in the market.

If you are not having any success with getting an accountancy job at a work centre that matches your preferences, another place you could consider exploring would be online. Seeing as searching for work online has become quite popular, there are many websites online that are currently offering this service. Even though this is the situation, it is important that you only choose a website that is known to hold a very good reputation in the job market.

Another option that one could consider in relation to finding work related to accountancy is looking for recruitment agencies. These agencies are dedicated individuals that help one find work that suit their particular expertise. The only downside in searching for accounting jobs through recruitment agencies is that they usually take a percentage of your wages for a set period of time.

The author of this article is an expert in employment and recruitment in the UK. The author also runs one of the most useful UK’s job search engine. If you are looking for Accounting Jobs begin your search at http://www.allthetopbananas.com/Jobs/accounting.aspx?

Beat the Credit Crunch With a Weekday Lodger

With the UK now firmly in the grip of a recession, everyone could do with an extra income to help meet the bills each month, but where is it going to come from? If you are a homeowner the answer may well be right under your nose in the form of your spare room. Could you clear it out, give it a lick of paint and furnish it modestly? If so you can probably find yourself one of a growing number of “weekday only” lodgers.
Unlike a full time lodger, who arrives with a van load of possessions and can completely disrupt the harmony of your home, a weekday lodger is usually quiet, travels light, and is hardly ever there.

Take the example of John, a typical weekday lodger. He is 41, lives in Manchester, and worked for a large bank until six months ago when he was made redundant. After several months looking for local work with no success, John secured a six month contract in London. The money is good, but John lives too far from London to make commuting practical. Staying in a London hotel or B&B during the week is too expensive, not to mention depressing and lonely, so John becomes a weekday lodger.

John rents a room for five nights a week with a family close to where he works. His landlords are a middle aged couple who have a rooms to spare since their children have flown the nest. Now his commute to work is just a 10 minute drive each morning, or a 30 minute walk if he is feeling energetic. John arrives with hold-all in hand every Sunday night (occasionally early Monday morning), and stays until Friday morning when he packs his bag and heads back North, vacating his “weekday home from home” for the weekend.

This arrangement suits everyone. John’s needs are simple: a comfortable, clean and homely place to stay, and a hassle free lodging agreement ( all John’s bills are included in the rent). He works hard and is usually in bed early, so the peace and quiet is very important to him, as is access to laundry facilities, and being able to prepare a healthy home cooked meal at the end of a busy day. These are the sorts of things that make him feel a little more at home. Since he is mostly in work, sleeping, or at home in Manchester, John sees little of his landlords, but enjoys having someone to chat to in the evenings.

So maybe you could look again at that spare room. A weekday lodger provides you with around 70% of the full rental value of the room (the first £4250 of which is entirely tax-free each year in the UK). Best of all though – you get your home to yourself when you want it most, at the weekend.

Chris Gill
Founder, Fivenights.com

Quick finances for sorting out their credit crunch

When a person is passing through the phase of financial crisis then nothing is left behind except unnecessary worry. Situation comes in all people’s life that they need money very desperately and quickly there are numerous financial aids existing in the market which may solve your entire problems. Applying through all these services you can avail funds in no time that too without facing any kind of problems? With the help of these financial aids a person can help himself by getting maximum finances for sorting out their credit crunch.

The modes of applying these finances are automatically so you don’t have to indulge yourself in a lengthy process of documentation. Your precious time is not utilized in filling or faxing the papers and the funds are available to you least possible time without making you wait for a long period. You may perform all your research work from your office or home. You can apply for these aids through an online application form on the financer’s website; input all your correct details in the form along with the amount you want to borrow. Make sure that all information is correct and up to date otherwise in no time your form will be rejected. After you fill up the form the financer would do require verification and everything is satisfying he will grant a sanction to your application and after that the funds would get wired in your checking account with a short span of time.

These financial aids are also available for people’s who have very horrifying financial past; the process of credit verification is skipped to provide funds to a person. This thing led to higher rate of interest rate because of high amount of risk involved in lending the funds. This come with easy repayment option which totally depending on the current pay back capability of a person. This aid is given on the basis of current earning of a person. By repaying the borrowed amount within time you can save yourself from the penalty which is levied on you if you would fail to pay it on time. By paying back the borrowed amount on time will also lead to increase in your financial ratings There are many conditions which you have to fulfill before applying for this loan in 1 hour like you should be the citizen of country, should a major, should have valid checking account and more. After you meet all the conditions you can apply for this financial aid through online mode and avail the required money to settle all your financial problems in very easy manner.

Ravi Rampoul is expert in finance and he shares his valuable views on finance through his articles. He writes articles on finance. He also gives his expert views on 1 hour no guarantor loans and 1 hour loans for bad credit. For more info please visit: – http://www.loanin1hour.co.uk/

The Credit Crunch and Accountancy Negligence Claims

Due to the economic downturn people are using the services of accountants more and more. As a consequence of this the amount of accountancy negligence claims has risen rapidly.

It could well be that this is because investors may lose money during the economic bad times and they want someone to blame. Who is available to blame in this situation – their accountant, accountants are often seen as cash cows with easy access to money and therefore worth suing!

Some big name accountancy firms have been sued. These include Ernst and Young as well as KPMG and PrciewaterhouseCoopers and they don’t get much bigger than those firms. The current trend is that the larger firms are being sued and the smaller firms are also suffering from potential professional negligence claims all becuse their is a general idea that they must be responsible for any economic downturns.

It is fact that it is much more difficult for a company to sue their accountant in the UK than it would be in the US. This is merely due to the fact that the legal threshold for proving liability is a lot higher in the UK than it is in the USA.

But whilst investors are not able to sue and to take accountancy negligence claims, it is certainly true that others can sue and indeed they really do make professional negligence claims against accountants.

It is not always the investors, it could be small firms or self-employed people. A few years ago it would have been inconceivable that they would have taken an accountancy negligence claim. Now it is becoming much more of a reality and something that really could happen and may happen more regularly in the future.

This does create unease amongst accountancy firms whom worry about what they can and cannot be blamed for, especially when a business they audit collapses. They are also concerned that this could happen even if they are only partially to blame. The Government has been repeatedly asked by accountancy firms who undertake auditing to limit liabilities and whilst this has not been successful yet, it will be interesting to see if this does indeed happen or will accountants simply have to make friends with specialist professional negligence solicitors.

Bonallack & Bishop are specialists in providing advice upon professional negligence claims. If you need advice on accountancy negligence claims then contact them today. Senior Partner Tim Bishop is responsible for all major strategic decisions at the firm, which he has grown by 1000% in 13 years. He sees himself as a businessman who owns a law firm.

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