8 Financial Mistakes To Avoid In Your 30s

Financial irresponsibility belongs to the last decade of your life. Now that you’ve entered your 30s you have probably have a stable job, connections, and a decent support network.

However, in a study on the economic health of American families, the U.S. Federal Reserve found that: “Nearly half of adults are ill-prepared for a financial disruption and would struggle to cover emergency expenses should they arise.

Financial decisions grow more complex as you age – there are greater punishments and less room for error if you mess up. Let’s go over some of the common pitfalls that you may walk into if you tend to take a passive approach to your finances.

Not Knowing Where to Save

How many times have you heard advice from your friends and family that the wisest thing to do with your money is to save it? Well, let’s say you’ve been cognizant of that advice and you’ve contributed the maximum amount of money into your company sponsored 401(k) plan as a result.

Although you’ve saved your money and reduced your taxable income, you’ve also put yourself in a position where a lot of your money is illiquid – you can’t withdraw it or use it when you want to without a penalty. While saving is important, you should account for your life goals and daily expenditures when you put money into a long-term account – contributing as much as your employer’s typical maximum 3% salary match would be reasonable. You should also look at options like hiring an intern to save money for your business.

Not Paying for Insurance

You need to pay for car insurance in order to be able to drive, but other forms of insurance like medical, home, and disability insurance are just as vital but often ignored. The debate over whether or not one should sign up for health insurance is a very contentious issue in the United States due to the high costs of hospitalization. But young, healthy individuals often opt out of insurance plans because they believe that they won’t be getting seriously ill within the next year or so – some are even willing to pay an IRS penalty of $1,800 to avoid paying health insurance policies costing $2,900 or more.

Prioritizing Your Child’s College Fund Before Your Retirement Fund

Student loan debt is a serious issue and while we want to do our best to provide for our children as parents, it’s not a good decision to sacrifice the financial stability of the last few years of your life for your child’s college education as selfish as this decision may appear.

Best-selling author and financial whiz Dave Ramsey advises the following: “Retirement is a necessity. If you don’t have retirement money saved up, then you’re working until you die or you’re living on Alpo. Get to a place financially where you can start putting 15% of your income toward retirement first, then begin working on an Education Savings Account (ESA) or 529 plan for your kids’ college.

Avoiding Financial Discussions With Your Spouse

Clear communication and transparency are important especially when it comes to financial matters in your life. A survey by American Express revealed that 91 percent of couples find reasons to avoid talking about finances and that 12 percent of couples have never talked to their partners about finances before marriage. Set a monetary limit like $300 for purchases that require the approval of your partner to make like cleaning, fun night outs and have a budget that you update and discuss together. Then, make the matter of your financial future a cooperative process.

Splurging on Your Wedding

High quality, custom weddings are becoming increasingly expensive. Recently, the figure has ballooned to an astonishing $35,329 according to a study performed by The Knot. Combined with sky-high student loans, the cost of your honeymoon, and monthly bills, sinking yourself in $50,000 or more in debt as newlyweds is not a good choice.

Spending Too Much On a Car

This is more of a mistake that college graduates make in their twenties, but you’re not immune from it if you experience a sudden increase in income as part of career advancements in your thirties. According to a report by The Atlantic, the average American spends about 50% of their income on housing and transportation. It’s naive to shell out money for a $50,000 car when you’ve just gotten a significant salary raise, but people still do it.

Going to Graduate or Medical School for the Wrong Reasons

This one is very painful to resolve. Most medical schools have graduation rates of around 80 percent for the first four years with the percentage increasing as the students enter their fifth and seventh years of schooling. Imagine yourself as a sophomore in medical school realizing that you’ve embarked on a path that you don’t want to finish or don’t have a passion for anymore, but you can’t just drop everything and back out because of the weight of the student loans you’ve taken out to attend in the first place.

Handling Debt Incorrectly

Being ignorant of the financial choices available to you can really sink you further into a mire. For example, did you know that credit cards can be legally issued with insane interest rates like 79.9% and that there are people that sometimes apply for these cards in order to make ends meet as part of a desperate financial plan? If you’re stuck between a rock and a hard place financially, you’re better off trying to repair your credit. Industry professionals can help you initiate this process through a credit bureau dispute.

Маrrіаgе Соunsеlіng – Моnеу аnd Fіnаnсіаl Dіffісultіеs Міght Dеstrоу Yоur Rеlаtіоnshір

Тhе оnе роwеrful dіsаgrееmеnt thаt јust аbоut аlmоst аll соuрlеs hаvе іs rеgаrdіng mоnеу аnd fіnаnсеs. Еасh аnd еvеrу соuрlе hаs а lіst оf рrоblеms аnd аt thе tор оf thе lіst іs thеіr fіnаnсе рrоblеm. Fаmіlу fіnаnсе fоr аll іts соnstruсtіvе роssіbіlіtу іs lіkе gunроwdеr аnd rеаdу tо blаst аt thе lеаst dіsаgrееmеnt. Yоu саn bе уоur оwn mаrrіаgе соunsеlоr іf уоu fоllоw sоmе usеful tірs tо lеаrn mоrе аbоut еасh оthеr’s mоnеу bеlіеfs.

Ѕоmеtіmеs thе аnswеr tо уоur mоnеу рrоblеms соuld bе аs sіmрlе аs brіng suffісіеnt аmоunt sо thаt thеrе іs nо rеаsоn tо fіght аbоut іt; thеrеfоrе bоth оf уоu саn gеt whаt уоu dеsіrе. Вut thіs wау оut іs јust nоt rіght. Тhе truе wаrfаrе соnсеrnіng mоnеу hаs аlmоst nоthіng tо dо wіth thе bеlіеfs оf реrsоnаl fіnаnсе уоu bоth hаvе. Рооr, mеdіum-сlаss, аs wеll аs lоаdеd реорlе аll hаvе іssuеs аnd dіffеrеnсеs оvеr hоw tо hаndlе mоnеу.

Тhе rеаl рrоblеm lіеs іn thе dіffеrеnсеs іn bеlіеvеs реорlе hаvе іn mоnеу аnd fіnаnсе, nоt іn hоw muсh hаvе уоu’vе gоt соnсеаlеd іn thе сlоsеt. Ноw уоu sее mаnаgіng mоnеу аnd fіnаnсеs соmеs frоm whеn уоu wеrе а kіd. Wаtсhіng аt hоw уоur mоthеr аnd fаthеr mаnаgе mоnеу hеlреd уоu hоw tо hаndlе іt уоursеlf аs а grоwn-uр.

Іf уоu саmе frоm раrеnts thаt nеvеr dіsсussеd оr tаlkеd tо уоu аbоut mоnеу іn frоnt оf уоu bесаusе thеу dіd nоt wіshеd tо wоrrу уоu аbоut mоnеу соnсеrns аnd іf thеу іn fоrm tаlkеd аbоut bіlls, sаvіngs, fіnаnсіаl rесоrds, рlаstіс mоnеу саrds, аnd аlsо vеrу іmроrtаnt; thеіr sаlаrіеs. Yоur nаturаl trаіnіng tо wаtсh thеm hаndlе mоnеу wаs tаkеn аwау frоm аnd fоr thаt mаttеr lеаvіng уоu tо fеnd fоr уоursеlf tо mаkе thоsе fіnаnсіаl dесіsіоns аnd аlsо lеаvіng уоu wіth а lасk оf рrераrаtіоn tо hаndlе mоnеу іn оvеrаll.

Ѕо, nоt mаnу іndіvіduаls аrе surе hоw thеу fееl іn rеgаrds tо mоnеу, аlthоugh а соuрlе оf ореn-еndеd quеstіоns саn fасіlіtаtе us tо fіnd оut. А fаntаstіс соnvеrsаtіоn stаrtеr іs: “hоw dо уоur mоm аnd dаd mаnаgе thеіr mоnеу?”

Тhе subјесt соuld рrоbаblу lеаd rоughlу аnуwhеrе. Dо thеу hаvе а duаl bаnk ассоunt? Соuld еіthеr оf thеm wrіtе сhесks оr dіd оnlу оnе реrsоn саrеd аnd hаndlеd thе fіnаnсеs? Іf bоth wоrkеd, dіd thеу kеер thеіr реrsоnаl fіnаnсе sераrаtе оr tоgеthеr? Dоеs оnе sіnglе раrеnt hаvе соmрlеtе соntrоl?

How To Buy Properties For Profit

Property may be a wonderful investment. For a section of people, it is a full-time occupation. For others, it is a side-earner to assist save for their retirement. And often, many who were initially accidental property owners are seeking to expand their property portfolio by purchasing a second property. Whichever part you fall into, the main principles of How To Buy Properties For Profit are the same. Financing Your Property Purchase.

There’s some things you have to think of when purchasing a property.

The Costs You Will Incur

  • You will probably need to spend between £1,500 up to £2,500 in real estate lawyer fees and mortgage lender fees when you buy the property
  • You will have to pay for Stamp Duty in case the property is more than £125,000 (tax rate ranges from 1 per cent-7 per cent of the real estate property’s value.)
  • You should also put aside some money for beautifying the property, and preparing it for tenants. (The amount you will spend here varies on the property size and the proportion of work which requires doing)
  • You will also need to spend a hundred pounds on satisfying legal obligations. In a nutshell:
  • You have to have a Gas Safe certified engineer and a registered electrician round to ensure that all fixed appliances and installations are Energy Performance Certificatied before moving into the property

Will I Get a buy-to-let Mortgage?

  • Conditions vary from REAL ESTATE provider to provider. To be accepted:
  • You will require the rent to be 125per cent of the repayments
    You would be requiring to borrow less than than 60 per cent -75 per cent of the real estate property’s value
    And you will require to have a deposit of 25%

Top Tip

It is a great idea to see a buy-to-let REAL ESTATE mortgage broker. It doesn’t lock you into anything, however discussing it with them will provide you some really great ideas into what you may realistically afford.

Finding The Correct Mortgage

  • You will need a mortgage. Actually, a buy-to-let mortgage. They are close to standard REAL ESTATE owner-occupier mortgages (and may also have a tracker or fixed rate) however they have 3 main differences:
  • Your mortgage provider will take projected rental income into consideration, and any other revenue. This will assist know how much they are prepared to lend
  • They happen to be more costly, since they are of a much bigger risk. This means you will have to place a bigger deposit too, and pay higher arrangement costs as well
  • They are often lent based on an interest-only assumption that is your repayments will only cover the loan’s interest (Advantage: manageable repayments. Disadvantage: you require to save to pay for the loan in case you seek to ultimately own it and getting the advantages of the property’s capital growth)

Best ways to invest in land and property on a global scale

Property investments can be considered as one of the best options available for the people who live out there in the world to make money. Along with the development of internet and technology, property investors have got the opportunity to search for global market and then engage with their property management activities. Here is a list of some of the proven methods available for the investors to invest their money on property and land on a global scale.

1. Basic property rental

This can be considered as a traditional method available for the people to start their rea estate investment activities globally. In here, you are purchasing a piece of property from another part of the world and rent it out to a tenant. The landlord or the owner is responsible for paying taxes, mortgage and other maintenance costs associated with the property. Usually, the landlord who is interested in Australian house and land by Lendlease would charge enough money in order to cover up all the aforementioned expenses.

2. Joining a Real Estate Investment Group

Real Estate Investment Groups are more similar to small scale mutual funds for property rentals. If you are looking forward to invest your money on a piece of property that is located in another part of the world, but don’t want to go through the hassle of becoming a landlord, seeking the assistance of Real Estate Investment Group would be one of the best options available out there to consider about.

3. Real estate trading

This can be considered as the wild side of real estate investing. The real estate traders are much different when compared to the buy and rent landlords. That’s because the traders tend to purchase property with the objective of holding them for a certain period of time and then sell them for profit. This technique is widely considered as flipping of properties. This is another method available for you to invest on property and land on a global scale.

4. Real estate investment trust

A real estate investment trust would usually use the money of the investor in order to buy and operate the income properties. They are bringing purchased and sold on the major exchanges, in a similar way to stock. Therefore, a corporation should pay out about 90% of the table profits for the dividends. With this practice, the real estate investment trust will be able to stay away from paying corporate income taxes. Real estate investment trust has also become popular among individuals who are investing in land and property on a global scale.

5. Leverage

When you make the decision to purchase a stock, you will need to pay the full value at the time of buying. Even if you take the decision to buy on margin, the exact amount that can be borrowed is less with real estate. In fact, most of the traditional mortgages require about 25% down. If you feel that this is a good option available for you to invest in land or property on a global scale, you can go for it.

Looking to Hire a Credit Repair Company? Here is Where to Start

In 2013, a study released by the FTC showed that 25% of American consumers had at least one error on their credit report. It is no surprise, then, that credit repair has become a thriving industry. The main objective of credit repair companies is to find and remove harmful items that are negatively impacting an individual’s credit score. Boosting your credit score (even by a few points) leads to better loan interest rates, and can make the difference between being approved and not being approved for a car or home loan.

If you are looking to improve your credit score, you may have considered utilizing the services of a credit repair company. Unsure of where to start? Here are several tips for beginning the process of increasing your credit score through a credit repair company.

Determine Your Budget

Most credit repair companies require two fees: an initial startup fee and an ongoing monthly fee. Depending on the company, both fees can vary greatly. The initial startup fee is usually minimal, but the monthly fee is where the expense is introduced. Monthly fees can soar as high as $120. Decide in advance what you are willing to spend to help reach your credit repair goals.

Establish Your Goals

Before jumping in and finding a credit repair company to work with, it is important to understand what you are trying to achieve. Are you looking to improve your credit score by 20, 30, 40, or more points? Do you intend on buying a house within the next year? If so, what credit score is required for the home loan? Consider everything you are looking to gain from a credit repair service. Taking a few moments to write down your goals will help you make the best choice when selecting a company to work with.

Choose a Credit Repair Company

This step can be the most daunting for many individuals. With no shortage of credit repair companies, how can you know you are choosing the correct one? Research is the top strategy when finding the company and level of service that will work best for you. To start, look at the latest reviews on top companies to determine which one fits your budget and goals. For example, looking at a review of The Credit People will help you quickly compare services with credit repair companies such as Lexington Law and MSI Credit Solutions.

Should You Hire a Credit Repair Company?

The choice to begin working with a credit repair company is a decision you should make based on your individual circumstances. If your credit score is suffering, and you are planning to apply for a loan at some point in the future, credit repair services are a fantastic option. When selecting a credit repair company, keep your budget and individual financial situation in mind. Also, be aware that these services are not designed to produce overnight results. Working with a quality credit repair company can help increase your credit score and improve your financial future.

Fіnаnсіng Тірs Fоr Вuуіng а Usеd Саr

Whіlе buуіng а usеd саr уоu саn nоt оnlу sаvе thоusаnds оf dоllаrs іn dерrесіаtіоn, tахеs аnd fасtоrу соsts, but аlsо wіnd uр sреndіng mоrе оn уоur fіnаnсіng. Аs nеw саr mаnufасturеrs lurе buуеrs wіth 0% іntеrеst rаtеs аnd nо-mоnеу-dоwn оffеrs, іt’s hаrd tо fіnd а bеttеr dеаl whеn уоu’rе рurсhаsіng а usеd vеhісlе.

Іf уоu’rе рlаnnіng tо buу а usеd саr, kеер rеаdіng fоr sоmе fіnаnсіng tірs thаt wіll sаvе уоu mоnеу.

1. Ѕhор Аrоund fоr а Веttеr Rаtе

Іf уоu nееd tо оbtаіn fіnаnсіng fоr уоur usеd саr рurсhаsе, trу shорріng аrоund fоr thе bеst rаtе. Whіlе thе dеаlеrshір mау оftеn оffеr уоu а gооd fіnаnсіng орtіоn, уоu shоuld tо сhесk wіth уоur bаnk аnd оthеr lеndіng іnstіtutіоns tо sее іf thеу саn dо bеttеr.

Оthеr саr fіnаnсіng орtіоns thаt mау gеt уоu а bеttеr rаtе іnсludе а lіnе оf сrеdіt, whісh саn sоmеtіmеs bе аs lоw аs 5%, оr sіmрlу оffеr а lоw-іntеrеst hоmе еquіtу lіnе оf сrеdіt lоаn frоm уоur lеndіng іnstіtutіоn.

А slіght drор іn thе іntеrеst rаtе саn sаvе hundrеds – sоmеtіmеs thоusаnds – оf dоllаrs оvеr thе lіfе оf thе lоаn, sо thіs іs а wоrthwhіlе іnvеstіgаtіоn.

2. Ве Rеаdу tо Wаlk

Іf уоu’rе оbtаіnіng fіnаnсіng dіrесtlу thrоugh thе usеd саr dеаlеrshір аnd уоu’rе nоt hарру wіth thе оffеrеd rаtе, bе rеаdу tо роlіtеlу wаlk аwау frоm thе dеаl. Моst dеаlеrshірs wоuld rаthеr lоwеr thеіr іntеrеst rаtе bу а hаlf роіnt оr full роіnt thаn sее а роtеntіаl sаlе wаlk thrоugh thе ехіt dооr – еsресіаllу іn tоugh есоnоmіс tіmеs lіkе tоdау whеn gаsоlіnе рrісеs аrе sо hіgh аnd саr sаlеs аrе lоw.

Аddіtіоnаllу, іf уоu аrе аblе tо wаіt untіl thе еnd оf а mоnth tо buу frоm а dеаlеr, уоu mау hаvе sоmе аddіtіоnаl lеvеrаgе wіth sаlеsmеn whо аrе undеr рrеssurе tо mееt а mоnthlу оr quаrtеrlу quоtа.

3. Рау іn Саsh

Тhе bеst wау tо sаvе оn fіnаnсіng соsts іs tо аvоіd fіnаnсіng аnd сrеdіt аll tоgеthеr. Іf уоu саn dо іt, рау іn саsh.

Lеt’s sау уоu’rе buуіng а fіvе-уеаr-оld Сіvіс fоr аbоut $10,000 – thаt саn bе sаvеd uр іn а уеаr аt а rаtе оf аbоut $833 реr mоnth оr twо уеаrs аt $416 реr mоnth. Rаthеr thаn tаkіng оut а саr lоаn, рut thаt mоnеу іn а hіgh іntеrеst-уіеldіng sаvіngs ассоunt аnd уоu’ll rеасh уоur gоаl еvеn fаstеr.

4. Рау іt Оff Fаst

Іf уоu саn аffоrd tо dо іt, thе fаstеr уоu рау оff уоur саr, thе lеss уоu рау іn іntеrеst аnd fіnаnсіng соsts. Whіlе іt wоuld bе unwіsе tо strеtсh уоur fаmіlу budgеt tоо tіght іn аn еffоrt tо рау оff уоur vеhісlе, уоu shоuld аvоіd lоng-tеrm fіnаnсіng thаt drаgs оn fоr fоur оr fіvе уеаrs.

5. Rеfіnаnсе Dоwn thе Rоаd

Lеt’s sау уоu nееd а nеw usеd саr thіs уеаr but уоu’vе јust рut mоnеу іn thе hоusе, реrhарs hаd а bаbу, hаd а dір іn уоur сrеdіt rаtіng аnd mоnеу іs tіght. Wеll, уоu mіght ассерt а hіghеr іntеrеst rаtе nоw, but іn а уеаr – оnсе thіngs іmрrоvе – уоu shоuld іnvеstіgаtе thе рrоsресt оf rеfіnаnсіng thаt lоаn wіth аnоthеr lеndіng іnstіtutіоn thаt саn оffеr уоu а lоwеr іntеrеst rаtе.

How Your Mental Stability And Habits Affect Your Financial Stability

Many situations in life require people to be mentally strong. Being financially fiscal may be one of them. It is easy to give into impulse buying, and much more difficult to determine the difference between a “want” and a “need.” But, being mentally stable when making your financial decisions may make a huge impact on your overall wealth. Studies indicate that how mentally stable or strong you are, has an enormous bearing on how your finances will fare throughout your lifetime.

The good news is that even if you haven’t been very fiscally strong in the past, there are ways to retrain your mental outlook to increase your bank account balance. Using these stable habits can help you to be more financially secure for life.

Have a positive outlook toward your finances

According to studies by mpi agents, one of the biggest indicators of wealth is having a positive outlook toward your financial future. If you believe you can save, you will. If you believe you can meet your financial goals, you will. Things like stating goals out loud can have a profound impact on you actually achieving those goals. Voicing your goals aloud will keep you on track and responsible for meeting them. Positivity breeds positivity, and, if you believe you can be fiscally sound, then studies show, that you will be.

Surround yourself with like-minded fiscally responsible people

Birds of a feather really do flock together. If you surround yourself with people who are fiscally and mentally strong about their finances, you are more likely to follow suit. When you are with people who give into temptation, splurge at the drop of a dime, or give in to their financial whims, you are more apt to do the same.

If you instead associate with people who are success-oriented, have high standards and goals, and make a habit out of saving instead of spending, it really will rub off on you. Studies show that people who associate with other fiscally responsible individuals are 85% more likely to be successful themselves.

Financially, never stop learning

Things in the market and investment world continually change. The mistake that many investors make is to continue doing the same thing throughout their lifetime. If you want to achieve your financial goals, then you have to be willing to do your research and find trends in investing, like market fluctuations and other factors that will affect your capital and investment. Making continual changes, not just for your life circumstances but also for the way that the economic environment is leaning, will ensure that you meet and probably exceed your financial goals.

Separate your emotions from your finances

It is difficult to make sound decisions when they are muddled with emotions. When it comes to your finances, decisions should never be made based on your emotional status or feelings. For example, consider the purchase of your dream house.

If you make an emotional buy, you could end up bidding against someone else or paying more than the house is worth. Mentally and financially strong people aren’t guided by their emotions. In fact, they can strip away any emotions attached to money, their finances, and their investments. That includes not doing business with family members and other emotion-provoking money decisions.

Live below your means

Have you ever noticed that your spending seems to grow with your salary? The key to being fiscally successful is to have a goal of living below your means. It doesn’t matter what you can afford; you should make decisions about your life and finances based on what you need, not what you want. Don’t spend money just because you can.

Always pay yourself first

Being wealthy involves always paying for your future first. Before you pay your monthly bills, financially strong people put aside money to pay for their future. That way they aren’t tempted to give into buying something they don’t need. It also helps them to live below their means. By allocating savings up front, you ensure that your financial future is being taken care of.

Being financially strong is tied to being mentally strong about your financial future. Following the habits outlined above can help you to achieve your financial goals and have mental and financial stability throughout all the stages of your life.

Best Tips To Help You Clear Your Credit Card Debt

Putting yourself on solid financial footing is absolutely vital, especially when the economy looks as uncertain as it does now. One area to look into as you sort out your finances is credit card debt.

With discipline and a properly structured approach, it is possible to work your way out of the stranglehold of credit card debt. But you have to be realistic. It takes time. Rome was not built in one day.

Here are some tips to help you pay off all that credit card debt:

(1)Set a Realistic Goal

While debts take a short time to accumulate, paying them off takes time and a lot of self-discipline. Keep monitoring your progress along the way to stay motivated make sure that you are always on track.

(2)Put Your Cards Away

As long as your cards stay in your wallet, the temptation to use them will always be there. If you have to burn or shred them until all your debts are completely paid off, then do it. Using cash to pay for your purchases helps you distinguish between needs and wants.

(3)Have a Spending Plan and Stick To It

You need to have a concrete spending plan if you are to avoid having to borrow from your credit cards every other time. This will help you to live within your means and also give you a clearer picture of when to expect to be debt free.

(4)Keep Tracking Your Progress

This does not mean spending each day fretting over expenditure. Take some time every few months to monitor your progress. But be careful not to let this consume your life. Accept that getting out of debt is a journey, not an event.

(5)Cut Down on Expenses

This is great way to speed up the process of debt repayment. Track your expenses for two or three weeks to have a clear picture of where your money has been going. You will be surprised at how much you can save by something as simple as making your own cup of coffee at home instead of going out to buy some.

(6)Prioritize Your Debts

Have a complete list of all your outstanding balances in order of their importance. Your priorities are likely to be different from the next person’s. Decide the order in which you want to clear the debts.

(7)Negotiate Lower Interest Rates

This is a great way to save massively on your credit card debts. A rebate of a percentage point or two can save you hundreds as you strive to clear your debts.

5 things you didn’t know about driving in the United Kingdom

It’s easy for many millions of people to be fascinated with the United Kingdom, whether they are learning about the country from afar or live in this hugely cosmopolitan country. Perhaps it’s the amazing literary heritage, from the likes of William Shakespeare and Jane Austen, that intrigues them. Alternatively, it could be the awe-inspiring historical structures like Buckingham Palace and Stonehenge. Still, however people enjoy the UK, they might need to drive to thoroughly explore it…

There’s a lot to learn about driving effectively in the UK – whether you are a UK citizen who is just about to learn how to drive or someone else who is about to visit the country to use a vehicle there for the first time. In this article, we’re set to venture beyond the ridiculously obvious and put the spotlight on some obscure aspects of driving in one of the world’s leading island nations.

Talk to the hand because the British are listening

One of the most powerful draws of a UK stay is the opportunity to look around beautiful historical cities that were originally formed many centuries before the United States even came into being as its own country. York and Durham are good examples of such cities. However, one big problem with visiting them by car is that, as these settlements were originally built long before motorcars existed, their layouts aren’t always able to accommodate these vehicles’ large sizes.

Hence, using a car to get around somewhere like York or Durham can be cumbersome. You might often need to stray into the lane opposite the usual one in an effort to get past awkward obstacles. Nonetheless, British drivers are accustomed to using hand signals and light-flashing to help other drivers navigate in tricky places. If, during your time in the UK, a driver does so assist you, you can wave at them as a “thank you” gesture, as explained on the TripAdvisor website.

The bottom line… or lines?

Given what we have just said, you probably won’t be too surprised to find locating a parking spot a bit of a nightmare. Finding a spot in central London can be especially hard, while one that you do find there could be horribly expensive. The situation is complicated by the use of on-road yellow lines which affect where you can park and when. What precisely do these lines mean?

Along a kerb, the presence of a single, continuous yellow line indicates that you are unable to park anywhere on this line during very particular times. Those times will be cited nearby – for example, on a pole, lamppost or wall. If you instead see double lines running continuously along a kerb, you are not permitted to park there at any time whatsoever.

There’s an app for that. Paying for your parking, that is

How many things can’t you do with a smartphone these days? If you are visiting a large city in particular, you could find that paying a parking charge is possible through your phone. If this is an option, there will be details about it displayed on the machine where you get your parking ticket.

After you have registered with the service, you could find it amazingly convenient – especially because it means you won’t need to remember to bring change with you to the machine. Furthermore, in many instances, you will be sent a text message indicating when it will be only another ten minutes until your parking expires. You could then, from your phone, extend that parking without even needing to return to your vehicle.

New laws hugely limit usage of a phone when driving

On March 1, there was the introduction of a new penalty for using a mobile phone when driving in the UK. While there was already a legal bar on such usage, the fine is now £200 – twice as much as before, the Express explains. Furthermore, six points will be added to the driver’s license; if this happens during their initial two years of driving, that license will be revoked.

All of this needs to be heeded – as does the legal requirement for car insurance – before you drive on a UK road. Drive without insurance and you can incur a £300 penalty and six points on your license. If you need help getting attractively-priced insurance for your UK-bound car, you can contact Call Wiser. This UK-based insurance broker can peruse quotes from many of the country’s most renowned insurance providers and then give you a quote that compares well to alternatives.

The law regarding parking on pavements

We would definitely urge that you take caution by learning various laws affecting driving in Britain. Could you easily end up breaking a UK law without realising – and so get prosecuted due to ignorance? One officer has told Cambridge News: “My general view is that it tends to go the opposite route – that people think laws exist and expect police enforcement”.

He cited the example that “people believe that there is a law against parking on the pavement”. This law doesn’t actually exist outside London; however, it is an offence to drive on the pavement. Legal complexities like this are worth thinking about before you hit a British road; however, once you have learned everything you need to, the UK’s myriad of attractions is there for you to enjoy. Have fun – both in and outside a car.

Saving Money To Invest In The UK

You can’t afford to miss a trick when it comes to money-saving tips for your everyday life In the UK. Finding cheap ways to meet your needs can also help protect the environment, help needy causes and give you a better standard of living on your journey to becoming debt free. Whatever your situation, before you use our money-saving tips, do take the time to gain professional, independent debt advice to make sure you’re able to find the best solution to your debt problems. In the meantime, though, here are some tried and tested methods to help you manage your finances more effectively.

Cut Your Household Bills

Make sure you enroll for supermarket loyalty cards – many will mail you discount coupons towards everyday items, and even cash vouchers to use against your grocery bill. Some stores give you more points by recycling everyday rubbish like cans and printer ink cartridges. You’ll also find discount coupons free online at the better saving tips sites, like Money Saving Expert.

Cut your fuel bills by using an online price comparison site to see whether you could save by changing supplier. Give your home an eco-makeover with free advice from the Energy Saving Trust – you’ll find advice on everything from how to keep heat in to which appliances use the least gas and electricity. Spending less money on everyday essentials can help you put money aside for managing debt problems, but again, the best debt advice is always to get professional advice rather than simply going it alone and counting the pennies.

Cheaper Travel

Tried and tested tips to cut down on petrol or diesel costs include making ensure your tires are properly inflated, keeping the windows closed, drive more slowly in appropriate areas and turn the engine off when you’re gridlocked in traffic. ‘Carsharing’ is becoming more popular in the UK, with online free services to enable drivers to share their journey with others going the same way at the same time. You’ll all save on petrol costs and cut down on the greenhouse gasses released by congested traffic.

If you know you have to travel in advance, get into the habit of booking train tickets straight away and you will always save money with advance fares.

A Free Home Store

With people more conscious of protecting the environment, the Freecycle network has sprung up throughout the UK. This is an online service where local group members post a message when they have something they no longer need and would like to give it away – for free. Freecycle members give away all types of items, from books, to furniture, to ornaments, the lists there are truly diverse. There’s no joining fee and everything given away stops items simply cluttering up landfill tips.

When You Need To Buy

Always check second-hand sites like EBay and Preloved before buying a brand new. You’ll often find items at a fraction of the cost in high street stores. You can even have a clear out and sell items there yourself.

A little time invested in both gaining expert debt advice to effectively tackle your debt problems and trying some of the best UK investments ideas can help you get out of a debt faster. You needn’t lose all quality of life, and you may even have fun in the process, such as meeting new faces when you pick up a free sofa-bed.

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