How to Compare Cheap Car Insurance Online

If you are looking to find cheapest possible deal for car insurance, you absolutely must compare the prices from multiple insurance providers. This is the only way for you to make absolutely sure that you do not pay too much for your insurance policy.

How Do You Start Comparing Cheap Car Insurance Online?

It really is so simple to find the insurance company with the cheapest prices that anybody can do it. All you have to know is how to use the internet and if you have found your way over here, you obviously already master that skill. The process of comparing prices for your insurance online is completely free of charge and you get the results immediately.

You start by putting down some information about you, your vehicle and your driving records on a short online form. After this you will receive a list of car insurance quotes from multiple insurance providers. Now from this list it’s very easy for you to compare that which of the companies can provide you the cheapest prices for your car insurance policy.

Why do you need to fill in that information? Well, naturally the insurance companies give different prices for different people. Your age and the type of your car are definite factors when the insurance providers are trying to determine that what prices can they offer for you. Your driving records can also have an affect on the price of your auto insurance policy and that’s why most companies wish to know that.

Does Independent Financial Advice Find the Best Deal For You?

After what feels like an eternity in recession, lenders are still not keen to lend and until the UK general election is over, it doesn’t feel like very much is going to change.

Pre credit crunch times had a mortgage market providing in excess of 25,000 different mortgage deals and loans galore, but today the UK markets have less than 5000 mortgage products on offer to the consumer.

So where did the credit crunch come from and could it happen again?

The US finance markets imploded in the 4th quarter of 2007 due to bad credit on the balance sheets of large financial institutions, which ultimately caused what is known as a credit crunch.

In a credit crunch, lenders stop lending and start hoarding cash because they are afraid of rising bad debts, leading to bankruptcies and loan or mortgage defaults. They charge higher interest rates in a bid to stem the flow of business or reject all but the safest loans.

The UK economy had been flooded with easy to access borrowed money since the mid 90’s, but the credit crunch meant that tightened credit would spell trouble for companies who needing funding in the form of loans to pursue their business plans and the consumer, who had become used to freely spending money they didn’t have, but could easily access on credit cards for expensive purchases such as luxurious holidays and smart cars.

The answer to could it happen again is a simple one, YES!

If an appetite for investment in more risky markets returns, which you have to say it will, then pushing the limits commercially to gain extra percentage market share and profit, could lead to the whole thing happening all over again. Having said that, it will take sometime to get there, as returning confidence to dabble by investors will be slow to return, but good times will return and the painful effects will soon be forgotten.

So, how is the man on the street directly affected?

UK mortgage and loan lenders are releasing more new products on a daily basis and the best mortgage deals of today are soon replaced tomorrow, but the good news is that the deals are getting better and better. The percentage levels that lenders will loan to is increasing and a 90% mortgage, with a competitive interest rate is out there to be found, if you know where to look.

So how do Independent Financial Advisers add value?

Independent Financial Advisers (IFA’s) are well placed to search the market, compare mortgage rates on their client’s behalf and secure a great mortgage rate to suit the borrower’s exact needs. In addition to finance, IFA’s can provide a good value for money service if you are looking to source good quality, value for money, but cheap life insurance cover and pension plans, with advice that is specifically tailored to the individual or families needs.

Financial advice is available in many guises, the internet has led to a plethora of channels being available for the consumer to utilise when seeking help and advice. Finance related price comparison websites have the added advantage of being a one stop shop for all mortgage, loan and insurance needs. By completing your details once, you have the advantage of using their services to trawl the market and find you the best deals available, but there is still an argument for using the services of a local to you, independent financial adviser. The IFA can take the time to understand any unusual circumstances that you may have and tailor their financial advice accordingly and some finance price comparison websites are now offering both options under one roof to facilitate the needs of a far wider consumer group.

Financial Advice for People Approaching Retirement

When a person is approaching his retirement age, it is essential to plan for the future financial requirements in such a way that he can manage his family during this older age, where he will not be earning any income. Here is some useful financial advice for people, who are nearing their age of retirement.

As an initial step, it is essential to identify the guaranteed income he would be earning like in the form of pension. When this expected amount is known, it will be easier for him to further plan his commitments. Next comes the money he has in his savings account and this amount should be added along with the amount he will be earning each month after retirement either in the form of pension or from any other source like rent from a building.

Then, a rough estimate of the monthly expenses that should be made for his family should be calculated and this amount should be subtracted from the previously obtained amount of monthly income + savings in bank accounts. Most of the people approaching their retirement age will be having some plans to visit some places of interest with their spouse after retirement twice in a year or at least once in a year. Here, the amount that might be required for these trips should also be calculated to find whether the trips will be coming within their budget. If not, they can try to earn income by doing some internet based online work if they are very much particular about those extra dollars for tours.

When it comes to financial planning for the life after retirement, it is always essential to keep some money aside for meeting some sudden medical expenses. Some years ago, people were dependent on their children after retirement, but nowadays, this trend has changed and everyone wishes to lead am independent life.

Nowadays, there are financial planning organizations offering the best financial advice under different categories like estate planning, wealth creation, taxation planning, lifestyle planning and of course retirement planning.

Retired life can be spent in peace only when people are financially secured and safe since it is an age where peace is highly essential after several years of work pressure. This is the period when people get time to spend with their family members and financial security during this age can obviously enable people to enjoy their retired life. So, if you are approaching your retirement age, get the help of the financial firm offering the best advice for financial planning.

Worst Financial Advice Ever Given by Me

Last night the National Capital Financial Bloggers Association met, and we did what we normally do, swap stories and ideas about finances and the like (see the N.C.F.B.A. blog roll in the side bar for the sites authored by this group).

During these discussions the topic of time share condominiums came up and that led me to tell this story. The Worst Financial Advice I Ever Gave Most of you know that I am very unlikely to give you direct advice in any financial area, and this story is one of the reasons why.

My wife, myself and some friends went on a vacation to Florida (this was about 17 years ago). My Father In Law had told me about how if you go to a Timeshare Condominium sales pitch, you can get free tickets to some of the sites around Orlando, which sounded good to me (Free is always a good price). We found that at the Motel we were staying there was an entire courtesy desk filled with Timeshares offering this deal, so we signed up for a “sales demonstration”.

Off we went to this sales pitch, and it was hilarious,and surreal. I must mention one of my friends on this trip was Michael James on Money himself and his wife, so we were sure we weren’t going to buy. The salesman (who we nicknamed “Ray Don Bob Ron Don”, don’t ask why, but it was funny), tried all the sales pitches:

  • Slow playing us to see if the condo would sell itself (it didn’t)
  • Pandering to our wives about how there was little or no housework (they laughed)
  • Telling the men they could rent whenever they wanted (I asked if we could get to stay during Daytona 500 week, he said yes, I laughed)
  • How much money we’d save (we in turn figured out how much money they were making per building on the initial sale, and then how much they were going to make per year on their service fees).
  • Finally asking, “Would you buy this place for nothing?”, and then saying, “OK your price is between FREE and our selling price”, which always makes me chuckle.

I must admit that we played along and acted very much out of character (worrying my wife a great deal), but at the end, there was no sale, we got our free tickets and we left (our salesmen grumbling about how we were, “… too analytical…”. I was struck by how the people at the sales pitch “closing” room looked like deer in headlights while paying for their time share with their Credit Cards, a very disturbing site.

Fast forward a few months and a dear friend was off to Orlando with his new wife, so I told him the story about getting free tickets for a theme park and all you had to do was sit through a timeshare sales pitch. He said he’d think about doing that, and nothing much more was said.

My friend returned from Orlando a week later, picked me up to go to work and he told me all about his trip. I asked had he gone to the timeshare sales pitch, and he confirmed that he had. I then railed about how pathetic the sales pitch was, and what kind of an imbecile would buy one of those things, etc., etc., etc., for about 5 minutes.

Once I finished, my friend said in a very small voice, “We bought one…

The car ride to work was very quiet that morning.

From that day, I always shy away from giving anyone any financial advice directly, I will tell them what has worked for me, and let them decide for themselves.