People 'to work longer to avoid money troubles'

People in the UK are planning to work longer in order to avoid financial difficulties, which could potentially include debt problems, in their post-work years.

This is according to MGM Advantage, which suggested that 35 per cent of over-55s who are still in jobs intend to continue in employment until beyond the statutory retirement age.

Such people have seen their pension funds negatively affected by the credit crunch, the firm claimed.

MGM Advantage also said that 32 per cent of over-55s are "not prepared at all" for retirement, while 35 per cent admitted to having done nothing to ready themselves for giving up work.

"It is hugely concerning that so many people are so unprepared for retirement. There is a definite need for those approaching retirement age to make the most of their pension pots," stated Craig Fazzini-Jones, director at MGM Advantage.

However, research conducted recently by National Savings and Investments showed that 63 per cent of consumers polled are more aware of their finances now as a result of the recession.

Pensioners 'may have financial troubles'

People in the UK may not have sufficient funds to support them during their post-work years, it has been claimed.

According to the Pensions Policy Institute (PPI), pensioners could run into financial difficulties - potentially including debt problems - and may not be able to meet all of their needs.

The organisation pointed out that for many pensioners, income is likely to decline during retirement relative to the incomes of the rest of the population.

PPI director Niki Cleal said: "Pensioners may not have sufficient resources to meet all of their extra needs in later life, such as to meet the additional costs of disability, widowhood or the need for long-term care and to maintain their desired standard of living."

Research conducted recently by Halifax found that 52 per cent of people polled did not pay into a pension, while 70 per cent overestimated what they will receive in state retirement funds.

Debt issues

A big amount of molecular miracles obtain money worries advice when they are encountering their finances are difficult to keep in good health. money worry advice is exactly what it says it is - reief from big money issues.

money worry advice could range from budgeting advice to tips on negotiating with creditors. It is ,on a regular basis, squeezed out by professional debt advisers who are veteran and have learnt a great deal about what they are doing.

money worry help can assit homo sapiens go on the offensive against their money worries and become debt free. It is obtainable from all sorts of debt shops, there are people in work, places that collect money to help people and internet pages that all offer Debt advice - and it is usually offered for no cash at all.

Some humans run afterbig money issue relief as soon as they are in money worries, while others leave it until they are in debt up to the eyeballs.

Debt help

Help with debts is a different nickname for Help with money issues. Help with money issues is basically assistance with financial boo boos.

Numerous folk in money wrong doingswant to get in on some Help with debt issues from professional organisations to make definate they get Help with debtsfrom an experienced knowledge base.

Help with debts could take the thing of budgeting tips - in other terms, adviceon how to look after a body's monthly income/outgoings. However, for people with more serious money worries, Help with money problems could involve looking into a specific money problems solution.

debt worries answerare designed to help a homosapien's get rid of their financial boo boosand become money worriesfree. To name just a few debt problems solution : a owed moneymanagement plan, a money problemsconsolidation loan or an IVA (Individual Voluntary Arrangement).

money worry problems

personal debt relates to owing pounds. There are a few types of debt money problem, including credit cards, store cards and overdrafts.

A credit card lets people to buy things based on their promise that they will pay for them when the balance is required.

A store card is a card that often comes with a particularly big interest rate, they are often passed on to human beings when they are buying things in particular conveniece shops - and can often offer their people the fun times of being able to pay one total at the conclusion of the 30 days.

An overdraft is when the account man takes additional money from a account than has been placed neatly in it - in other speech - the individual takes bank notes they don't have.

Big loan

A mortgage is a type of loan that is secured borrowers can take to aid them afford a mansion. loan that is secured are wads of cash that are fixed against something of more than average cost - for example - a home.

As a big loan is a type of wad of cash, it has to be paid back. Returnings will usually take place on a calender month basis, and will continue until the mortgage - added interest has been paid.

secured loan secured against a property can shift in weight, it all depends on the valueof the shack. For example, certian people may have a deposit of £20,000, and the residence is worth £120,000 - this means they will need to have a home loan of £100,000 to afford the dwelling.

Summer Over?

I hope everyone had a decent summer, I think its safe to say that the best part of it is pretty much over now. The late nights are drawing in, theres a slight chill in the air and theres Christmas ads on the tele. For some, Summer will have cost an arm and a leg - Holidays, nights etc. which means there has never been a better time to reign in the finances and take another focused look at your spending.

Use Your Skills...

You might not think it, but you probably have a specific talent or skill. Perhaps you have had tennis lessons as a child? maybe you are a whiz on the piano? you might be an expert web site designer, whatever you're good at, use it. The quickest, most effective way of making the most of your skills is to hire yourself out! There is most probably someone out there right now who really wants to learn the guitar and you could be the person to teach them.

If you are interested, youll want to get a few posters stuck up around the university, hit all the major notice boards and get it into the local university publications. If you're adventurous and want to spread your wings (which I fully recommend) head down to the local supermarket, they often have public notice boards so get your ad up there. If you have a little bit of seed money, consider the local paper but for now I would stick to free methods.

A little imagination and the worlds your oyseter!

Do You Regularly Procrastinate?

Procrastination is art of putting things off until another time. It is classic student behaviour and perhaps one of the reasons we are labelled lazy and bone idle! Heres the deal, procratinating over doing your seminar work for next week isnt the end of the world as long as you get it done. Procrastinating over taking your library books back may end up costing you money. Not just library books, what if you accidentally went overdrawn at the weekend? That money needs to be paid back ASAP and putting it off will cost you dearly.

If you were born to procrastinate (like I was) then its a real skill and achievement when you actually overcome it. I didnt go to any special classes or see a hypnotist, I simply banish any thoughts that pop into my head about putting a task off and just get straight to it without thinking. It works and I would strongly encourage you to try it, you will save money and get things done a lot more efficiently.

Keep a Close Eye On Your Account

A simple mistake most students make is not checking their bank account on a regular basis. Whether this is because of fear of what they might find or just pure bone idleness, its something that must be done on a regular basis.

If you're in regular contact with your statement, you will know exactly how much money you have on any given day. This means when faced with a large purchasing decision, you will be able to make a more accurate choice based on your financial position (it doesnt always mean youll make the right one, but at least it gives you the option).

With the availability of online banking, its even easier to get involved with your finances. Once a week is sufficient, more than that is ideal.

Get Some Work Done

The more you work, the less time you spend in the pub spending your loan. Its hard to resist just popping out for a cheeky drink, especially if your at a loose end. The best thing to do is, every other month, just say no. Have a month in the library or at home working. Youll save a lot of money and itll do your health the world of good too.

Most universitys will let you use the sports facilities for free, if you dont feel like working then get together with a mate and play tennis, squash, whatever as long as you're not spending! Cant convince a friend to play? just leg it round the track for an hour!

Until next time my little student savers...

Planning Your Meals...

By planning your meals in advance you can save money in different ways, which is great. For example - Monday can be pasta night, Tuesday you can have a lasagne, whatever takes your fancy. It may seem crazy but you will save money, you'll be less tempted to by food on the spot (usually expensive, unhealthy fast food) because theres nothing in the cupboards. You can also constantly be on the lookout for deals, perhaps an offer on pasta or chicken breasts (remember to stock up, you can freeze them no probs).

On a last note, its all very well stocking up like this but in my experience they can go missing rather easily. Flat mates have pretty sticky fingers when they're hungry so if your anything like me you'll label your stuff and keep a note of it all. I used to just keep the reciepts and mark off when I used a particular product, mark it off. Hopefully your flat mates arent as mischievous as mine!!

Bills Bills Bills

Just a quick post to make you aware of some of the problems sharing the bills can cause if you're co-habiting. I slipped up in my first year but got wise in my final years, hopefully I can save you the hassle.

The main problem with sharing the bills is the fact that you may end up paying for stuff you never used. My old flat mates werent as bothered as me about turning lights off, leaving taps running etc. When I wanted to save, they just didnt care and so I wasnt saving at all. I was in fact paying for their lazy backsides!

It could have been worse, I could have taken the bills out in my name, something I would strongly advise against. I lived with 5 people bill paying was a constant source of arguements. The billpayer would attempt to collect the money together and guess what? more often than not someone couldnt weigh in with the wedge. Thats bad enough in itself but failing to pay bills will have a negative affect on your credit rating, something you certainly will need in the future.

Any thoughts or stories?? Love to hear them!
Until next time, take it easy...

Keeping your mobile phone bill under control is an absolute must and is something every single student struggles with. Its easy to limit your spending by opting for a pay as you go deal but this sometimes isnt as effective as it sounds. Have a think about how much you actually need to use your phone, are all your calls and texts necessary? Once youve figured out your monthly usage then your in a good postition to decide on the best option. A recent survey suggested that if you call for more than 3 mins a day and you rack up more than £15 per month, you're better suited to a contract, otherwise get on pay as you go.

Its become very difficult to function without the use of a mobile phone these days and increasingly hard to resist the urge to text, its sociable, informative and fast. If you go on a night out, take your phone with you (for emergencies) but switch it off. This may help you resist the urge to phone a friend for a quick chat when you find yourself with a spare 5 mins.

Get out of the habit of lending your phone to people too, they can mount a massive bills that you dont need.

Got any more tips? Id love to hear them,

Until next time...

Campus Cash Machines May Bite

There is a very good chance that the cash machines scattered around your campus will charge you to withdraw your money. To me thats ridiculous, but many students are often forced to use them through bad planning. Try not to fall into this trap by making sure you ask yourself if you need cash everytime you pass a cash machine. Obviously there is the danger of withdrawing too much sometimes and then having excess money burning a whole in your pocket so you will need to use your loaf a little.

If you wanna know more about this type of ATM theres a little bit of info at link.

Welcome to the Money Saving Uni Boys Blog

Throughout the 3 years I studied Marketing at university I quickly learnt that to live and have fun I would need to make my money go further. Okay, my dads a hotshot financial advisor so the peer pressure did serve me well, nevertheless I like to think the great times I had at university where largely due to my choices when it came to money.

The good news is, its easier than you think to keep tight control of your spending but most people simply don’t give their bank bank balances the respect they deserve. It only takes a few minutes every other day to make sure your on top!

This blog will teach you some awesome little tips and tricks which I picked up and want to share, so stay tuned and don’t ruin your university experience because you can't afford to go out!