Everything You Need To Know About Personal Finance With Littlewoods
Life is expensive, and sometimes we all need a little extra help. But before you look to the banks for the credit cards and personal loans. They do more than just sell clothes and furniture, they offer a little extra help for those times when ends just don’t meet. Check out all the various ways Littlewoods can help solve your financial problems. If you are looking for private loan then there are many options in market. But comparison among different market loans is mandatory and that’s your first task to compare loans (as refer as Jämför lån in Swedish) as better as you know before you start. Are you invested money in Bitcoin? The Tron news today show you why TRX is one of the hottest altcoins coming from China – and one of the cryptocurrencies that are exclusively traded on the Binance exchange.
Don’t Be Afraid to Ask for Advice
Once you have grown your savings and want to begin investing to increase your wealth, speak to a financial planner to help you make wise investment decisions.
A good adviser will share the risks involved in each investment and help you find products that match your comfort level and investing return needs while helping you work toward your goals as quickly as possible. A financial planner can also help you with your budget, which is another plus, visit reedtax.co.uk if you are looking professional advice and support.
Investing is a long-term strategy that helps you in building wealth. You can also find financial help elsewhere, such as:
- A local church or community center that offers free or low-cost classes or workshops on personal finances and budgeting. Occasionally, banks and credit unions offer courses, as well.
- A mentor that would be willing to help you formulate and work through your budget for the first few months. This can help you if you are overwhelmed by the budget process.
- If your parents or other family members are good with money, consider asking them for help, and talking to them about what worked for them financially and what they would have done differently.
Getting debt paid off, money saved and progress made towards your financial goals doesn’t have to be a difficult experience. Invest in yourself and your financial future so that you won’t ever need to worry about your finances again.
Personal Credit Card
One of the ways you can make sure ends meet with Littlewoods is by taking out a personal finance credit card. The other method is to use a digital platform like Flexipay. They are perfect for any personal debt you may have and for anything you may need and just can’t afford right now. It’s like a shopping companion you can rely on. It also comes with some handy features:
- £10 discount off your first Littlewoods order
- A line of credit of up to £1,500
- Handy Mobile Servicing
- Email alerts when payment is due
- Speedy Tap-and-go payment option
- Choose the monthly payment date to suit your budget
The Littlewoods Personal Finance Credit card partners with Capital one, so that is the company who essentially, you’ll be doing business with if you decide to apply. They offer the card at 34.9% APR representative variable.
Am I eligible?
To be accepted for the personal finance credit card you must be over 18, on the electoral roll and will have not been declared bankrupt in the last 12 months. However, meeting these guidelines doesn’t necessarily guarantee acceptance so you will need to consider your credit history and credit score. You also need to be registered as a Littlewoods customer before you can apply.
Littlewoods Moneyway Loan
If you’re thinking BIGGER, whether you’re after a much needed home make over or you’re experiencing financial problems, a Moneyway loan could be just what you’re looking for. It offers one of the best personal loan rates at 32.9%, and you can borrow anything from £1,000 to £15,000. Of course rates always depend on circumstances, loan amount and term. Use their loan calculator to get an estimate of repayments. You may also consider a quote from Sunwise Capital.
The Littlewoods Moneyway Loan has received a 99% satisfaction rate from its customers regarding the service it delivers, but the loan does come with a warning – make sure you can afford the repayments before you apply. Once you’ve been accepted, you’ll then make fixed monthly repayments which will allow you to take control of your budget and personal finance situation, and if you so wish, there is an option of spreading your repayments over 5 years.
Am I eligible?
To be eligible for online finance with Moneyway you must be 21 or over, a UK resident, have been employed for more than 3 years and have an annual income of £15,000 or more. Your credit history and credit score will also be checked.
If preferred, you can also make a joint application with your partner. You’ll both then be responsible for the loan, but you or your partner will be liable for the loan if the other can’t pay. See here for the important stuff.
Wouldn’t it be nice if there were a magic formula or simple trick that allowed you to never have to worry about money or manage your finances again?
While that may not be realistic, there are some simple things you can do right now to improve your money situation. Try these five steps for successfully managing your personal finances. Another bonus? If you stick to these five tips, your financial problems may start to diminish, and you can start reaping the rewards of lower debt, saving for the future, and a solid credit score.
Detail Your Financial Goals
Take some time to write specific, long-term financial goals. You may want to take a month-long trip to Europe, buy an investment property, or retire early. All of these goals will affect how you plan your finances. For example, your goal to retire early is dependent on how well you save your money now. Other goals, including homeownership, starting a family, moving, or changing careers will all be affected by how you manage your finances.
Once you have written down your financial goals, prioritize them. This ensures that you are paying the most attention to the ones that are of the highest importance to you. You can also list them in the order you want to achieve them, but a long-term goal like saving for retirement requires you to work towards it while also working on your other goals.
Below are some tips on how to get clear on your financial goals:
- Set long-term goals like getting out of debt, buying a home, or retiring early. These goals are separate from your short-term goals.
- Set short-term goals, like following a budget, decreasing your spending, paying down or not using your credit cards.
- Prioritize your goals to help you create a financial plan.
A Home Equity Line of Credit, is a one of the most popular and affordable ways to borrow money. But do you have enough home equity to qualify for one? And if so, how much can you borrow with your line of credit?
Based on the value of your home and current mortgage balance a home equity loan calculator lets you take into account different equity requirements, which may vary depending on the lender and your credit score, and also makes it easy for you to see how the maximum credit line you can obtain might change if your home appraises for more or less than you expect. The amount of equity you can release from your home ranges from 20% to 50% of the property value. You can get the indication by using the equity release calculator without providing any personal details. See more details about.
The amount you can borrow with any home equity loan is determined by how much equity you have – that is, the current value of your home minus the balance owed on your mortgage. So if your home is worth $250,000 and you owe $150,000 on your mortgage, you have $100,000 in home equity.
That doesn’t mean you’ll be able to borrow up to $100,000, though. Few, if any, lenders these days will allow you to borrow against the full amount of your home equity, although that was common during the pre-crash days.
As a rule of thumb, lenders will generally allow you to borrow up to 75-90 percent of your available equity, depending on the lender and your credit and income. So in the example above, you’d be able to establish a line of credit of up to $80,000-$90,000 with a home equity line of credit.
Flesh Out Your Plan
A financial plan is absolutely essential in helping you reach your financial goals. The plan should have multiple steps or milestones. A sample plan might include creating a monthly budget and spending plan, then getting out of debt.
Once you’ve accomplished these three things and have followed through on your new plan for a few months, you may find that you have extra cash, and the money you free up from your debt payments can be used to reach your next round of goals.
Again, it’s key to decide what priorities are most important to you. Keep steadily working toward your long-term retirement goals, but also start to focus on the most important near-term goals you have set for yourself. Do you want to take an extravagant trip? Start investing? Buy a home or build your own business? These are all things to consider when deciding on your next step.
Your goals, along with an emergency fund, will help you stop making financial decisions based on fear and help you get control of your situation.
When creating a financial plan, remember these things:
- Your budget is key to success. It is the tool that will give you the most control of your financial future. Your budget is the key to achieving the rest of your plan.
- You should keep contributing to long-term goals, like saving for retirement, no matter what stage of your financial plan you’re in.
- Building an emergency fund is another key factor to financial success and stress reduction.
Make and Stick to a Budget
Your budget is one of the biggest tools that will help you succeed financially. It allows you to create a spending plan so you can allocate your money in a way that will help you to reach your goals.
You can make your budget as high-level or detailed as you want, as long as it helps you reach your ultimate goal of spending less than you earn, paying off any debts, padding your emergency fund, and saving for the future.
A budget will also help you decide how to spend your money over the coming months and years. Without the plan, you might spend your cash on things that seem important now, but don’t offer much in terms of enhancing your future. Many people get caught in this quagmire and get down on themselves for not reaching the financial milestones they want for their family and for their own life.
Don’t forget to celebrate small victories along the way. For example, congratulate yourself once you pay off your debt, or reward yourself when you stick to your budget for three months solid, or when you successfully pad your emergency fund.
If you are married, you and your spouse need to work together on the budget so that it feels fair to both of you, and you both have the same level of commitment towards achieving it. This can go a long way towards helping you prevent money-related arguments. Below are some tips for married couples who want to create a budget together:
- Consider switching to an envelope budgeting system that uses cash for spending areas that require more discipline.
- Use budgeting software with a mobile app so you can enter spending in real time.
- Plan ahead to avoid any overspending.
Pay Off Debt
Debt is a huge obstacle for many when it comes to reaching financial goals. That’s why you should make eliminating it a priority. Set up a debt elimination plan, to help you pay it off more quickly. For example, while making minimum payments on all of your debt accounts, pay any extra money towards one debt at a time. After paying off one debt account, move all the money you were paying on the first debt to the next debt and continue from there, creating a debt-paydown “snowball effect.”
Once you are totally out of debt, make a commitment to stay out of debt. Leaving them credit cards at home may be a wise strategy. Save up an emergency fund to cover unexpected expenses so you aren’t tempted to use a credit card to cover them.
Try these tips to help you pay off debt more quickly:
- Sell unused or unwanted items around your home to find extra money to add to your debt repayment plan.
- A second job can help speed up the process and may be necessary if you want to make fast or lasting changes to your situation.
- Look for areas in which you can cut your budget to increase the cash available for your debt payments.
Littlewoods Shopping Account
The simple, personal finance shopping account is perfect for those little luxuries and as a little boost to your line of credit, to prevent you from breaking the bank. It is particularly useful for holiday shopping and Christmas expenses. That’s because you don’t have to pay for everything all at once – you can spread the cost at the best personal loan rate of 0%.
There are three options to choose from when using your personal finance shopping account:
Spread the cost interest free
You can spread the cost interest free over 20 weeks, or 52 weeks when you order an item over £100.
Spread the cost further
If you prefer you can extend the repayment period and spread the cost even further on interest bearing items (See below). However, you will pay interest. For items over £50 you can pay over 104 weeks ( 2 years); for items over £99 you can pay over 156 weeks (3 years); and on selected items you can pay over 260 weeks (5 years).
By Now Pay Later
A popular option for those more expensive purchases is to buy now and pay later. When you spend a minimum of £50, you could pay nothing for up to 12 months. The deferred payment period starts at point of purchase.
- Some items from Littlewoods class as interest bearing, which will incur interest if you choose to use your line of credit to purchase them.
- Advance payments may be required with some orders.
- Your interest rate will depend on your credit status.
- Selected items, delivery and installation charges and all financial services products are excluded from Buy Now Pay Later.
- 1 month is equal to 28 days.
- This offer is valid until 31/07/2015.
Am I eligible?
Typical credit limit is around £750, however the actual credit limit offered will depend on your credit history and credit score. If it’s bad, they could refuse you. Otherwise, you just have to be over the age of 18.