The best tips to give your finances a clean spring

Giving your finances a spring cleaning can be an excellent way to ensure that you get the most out of your budget and make the most of your savings. Here are some suggestions from experts on how to get a financial compensation.

Ditch and rocks

Switching from credit card, current account, energy or insurance providers can save money. Kevin Pratt, an expert on consumer moneysupermarket.com said: "If you have a credit card balance, the interest cost can not be erased, you can transfer it to a card that charges interest of not up to three years Possibility to reduce what you owe. Generally, you will be charged a fee that is calculated as a percentage of the amount transferred, but the interest saved can often make up for it. "

With regard to utilities, he adds, "If you have not changed your energy supplier for a few years or more, or if you have never changed, you probably have a rate variable rate Pasar fixed income agreement that could save you £ 250." ,

Powder saving accounts

Rachel Springall, a financial expert at Moneyfacts.co.uk, said, "Challenging banks still offer the best prices on the market, so savers are advised to consider these unfamiliar brands." She suggests using applications that help her find what she can save, adding, "Opening a regular savings account can also spark the habit of saving."

Vacation planning insurance package

Malcolm Tarling, spokesman for the Association of British Insurers (ABI), said: "Every year, insurance companies help travel hundreds of thousands of travelers who are not on vacation as planned, canceling the trip, getting sick in the event of becoming a foreigner for emergency medical treatment It is important that you take out travel insurance in advance, which can mean the difference between good vacation memories and a very expensive and traumatic experience. "

Provide training for retreats

Sarah Coles, analyst at personal finance Hargreaves Lansdown, said: "The growth of the pension fund is down to three things: the amount you contribute, the time that money is set aside, and the amount of your investment growing. The only part of what you no longer need to work for is return on investment. It pays to think about where your pensions will be invested. "

Classify your mortgage

Mark Harris, Managing Director of Mortgage Broker of SPF Private Clients, said: "The general trend in mortgage rates is increasing and anyone with your lender's standard variable rate could sooner or later think about mortgages - no need to panic, but if you struggle, to pay your mortgage, if interest rates rise, then an agreement fixed-rate sense and there are still very competitive corrections of two and five years makes .. there are more solutions, but borrowers should not take more time than they are completely safe, or need to pay a prepayment fee to get out of the mortgage early. "

How you can borrow a bit more could save you in the long run

This may seem like a strange idea, but in some cases it is possible to save money on fees by borrowing a little more than you can borrow from a personal loan, the analysis reveals.

Brian Brown, Chief Knowledge of Defaqto (Banking and General Insurance) says. "For many lenders, the amount of interest charged, the annual percentage rate or APR increases and decreases the amount borrowed as a result, you can leverage a slightly higher amount to obtain a lower APR, which leads to a lesser lower general interest for the borrower, simply by raising the borrowed amount of £ 100 you can save hundreds of pounds. Consumers should only lend what they can afford to avoid financial difficulties. "

Consumers are satisfied with their income, but they worry about job security

Consumer confidence improved in the first quarter of 2018, according to a report by Deloitte Consumer Tracker. Overall consumer confidence reached -6% during the period, and one percentage point above -7% in the last quarter of 2017. The report shows that people are more optimistic about their disposable income.

Online credit scouts cheated by scammers pay a fee of £ 740

Last year, more than 3.5 million pounds were lost through fraud. According to the regulator, people were forced to pay initial fees for loans that never arrived. City The Financial Conduct Authority says victims are often attacked when they search for credit online and lose an average of £ 740.

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