One for the Ladies…. Life Cover & Protection about to get more expensive

Did you know that Life Cover & Protection is about to get a whole lot more expensive for us in 31 days time thanks to the latest EU Directive..!

The Breadwinner – with the increase of single parent families and womens’ increased earning power, now more than ever women need to make sure they have sufficient life cover in place to replace their salary for their families in the event of their death and to protect their income in the event of illness…

The Mum– whether you have a career or you are a highly-skilled, multi-tasking stay home Mum, you too need to think about the impact of replacing the many and varied roles in the family home (thought to be worth €59,000 if you had to replace on a salary every role a Mum undertakes in the home!!) Act now while minimum premium cover starts from €10.10pm.The Single Woman– your biggest asset is yourself and your ability to earn income. If you haven’t thought about putting protection in place to protect your earnings or your health, now is the time before costs start to rise with gender equality…As a wise woman once said… “Providing protection for you & your family will never be cheaper than it is today and there is no guarantee you will be offered cover in the future…”

Contact us if you would like to know more….. Tara 🙂

Bitesize Global Overview… Nov 12th 2012

Equity markets ship hefty losses – Global equities moved sharply downwards over the week, as mounting fears about the US fiscal cliff and the deteriorating economic situation within the eurozone dominated the post-US election headlines.

US election outcome – While President Obama was, in the end, re-elected comfortably enough and the Democrats increased their hold on the Senate, the House remains in Republican hands, leading to fears of further gridlock in the coming months on important issues of economic policy.

Improving China – Figures last week in China showed growth in industrial production and an acceleration in retail sales, while inflation slowed unexpectedly, further evidence of an improvement in the overall economy.

Currencies – The safe haven currencies of the US dollar and the Japanese yen both rose strongly over the week, the dollar reaching two-month highs. It was not just a tale of dollar strength, however. The euro was weakened by fresh concerns about Greece and Spain, as well as weaker numbers out of Germany.

Interest rates – Both the European Central Bank and the Bank of England left key interest rates unchanged at their meetings last week, at 0.75% and 0.5% respectively.

It’s NEVER TOO Early…….!! Some Christmas savings tips…

Christmas is an exciting time of year but many of us are short on time and money. If you’re trying to tighten Santa’s belt this Christmas, follow our Christmas shopping tips this festive season.

  • Leave the credit card at home and bring cash or your debit card instead. Credit card debt can be very expensive if you can’t repay it in full immediately or within a few months. When you are spending the cash in your pocket or in your bank account, you will be much less likely to overspend than if you pay with a credit card.
  • If you do need to use your credit card, then take a look at the credit card cost comparison. There are still some providers offering 0% interest on balance transfers. If you can’t afford to pay your Christmas credit card bill in full, you could take advantage of one of these offers in the New Year. But before you sign up, make sure to check what rate will apply when the introductory offer ends and if there are any conditions attached to it.
  • List everyone that you intend to buy for, then budget a reasonable amount that you can afford to spend on each person. Making a shopping list will also help you avoid impulse buying and keep track of your spending. Our Christmas budget planner can help you plan for and keep track of all your expenses.
  • Avoid shopping at the last minute and try to arrange to go shopping when it’s quieter. Shops are a lot quieter late at night or first thing in the morning. Leaving yourself plenty of time and avoiding busy shopping times will make your Christmas shopping a bit easier.
  • Try a new approach to buying presents. You could agree a spending limit with your friends and family or try an option like a Secret Santa, so each person only has to buy one present. Or if there is a special item that you really want to give to someone, consider splitting the cost with a friend or relative. Keep an eye out for coupons or deals on gifts wherever you can.
  • Do your research. If you have a present in mind, shop around and compare prices, both in store and online. Keep your eye out for discounts and promotional offers. If you do plan to do some shopping online, be careful. What might seem like a great deal could be more expensive when you add on delivery charges, so be sure to take them into account. Make sure you leave plenty of time for delivery too.
  • Don’t get caught out by credit. In the run up to Christmas, personal loans and in-store credit may look like attractive options, especially for larger purchases like PCs, electrical equipment or furniture, where stores may offer you 0% finance for a period of time. Before signing up to store credit or a personal loan, consider the full costs and not just the monthly repayment. Would the repayments still be affordable if your income dropped for any reason, or if you had an unexpected expense?
  • Be realistic with your food shopping. It can be easy to buy more than you need, but bear in mind that most shops are only closed on Christmas Day and New Year’s Day, so there’s no need to go overboard. Read our helpful money saving tips on groceries.
Have a very MERRY & Thrifty CHRISTMAS…!! 🙂

Bitesize Global Overview… Nov 6th 2012

Equity markets gain – In a disrupted week for markets, due to the effects of ‘superstorm’ Sandy, equities finished up overall as optimism mounted about the outlook for the global economy.

US data – The final employment numbers before the US presidential election showed that the economy added 171,000 jobs in October, well above the consensus expectation. There were also substantial upward revisions to previous months’ readings.

China bottoming out? – Chinese purchasing managers’ figures showed that manufacturing had expanded in October for the first time in three months, stoking the belief that the economy may have bottomed out after a somewhat worrying slow patch.

Currencies – The US dollar hit its highest level in nearly two months in the wake of the strong employment numbers on Friday. It gained on the euro, sterling and Swiss franc as investors appeared to reduce expectations of further quantitative easing. The €/$ rate finished the week at 1.28.

Commodities – Commodity prices fell, in some cases sharply, hand-in-hand with the dollar’s strength. Gold fell to a two-month low, dropping below $1,680 a troy ounce for the first time since August, while Brent oil also slid to its lowest level since early August, closing close to $106 a barrel.