welfare benefits you may be eligible forThe welfare system exists to support those who need it most. Paid for by taxes, it’s a safety net that we might all need to catch us one day. If you’ve found yourself on Penny Saver Blog, welcome! We can assume you’re dedicated to finding a better financial solution for yourself, your family and your future. We’re here to help.

In this post, we’re looking at the possible financial support you may be entitled to. If you’re struggling to meet ends meet, you’ll find some financial assistance to help you. It will make those monthly payments a little easier, and you could make a claim today. Let’s look at the options, shall we?

Child support – We all know that raising children isn’t cheap! In fact, some financial estimates suggest you’ll spend up to $500,000 raising a child from cradle to college. That’s a lot of money! With that in mind, government assistance is available to help fund the cost of childcare and provisions. It is calculated based on your income, and contingent on the number of children.

Income and housing support – The government recognizes that there is a national living wage in this country. It’s a figure that we can reasonably be assumed to live on. Anything below that means that life is a struggle. That’s where income support comes in. If your salary or wage comes in below the national living wage, you may be entitled to income support to top it up. The same applies for housing assistance.
[click to read…]

what is a final needs planSince the day your children were born, you worried about them. Just because they’re now adults, doesn’t mean you worry any less. Instead of scraped knees and their performance at school, now you concern yourself with their own family life and financial future. You want them to be as happy and successful as possible. The last thing you want to do in your old age is to become a financial burden to your children. Raising a family is hard enough without the added burden of paying for a funeral. Before you pass away, invest in a final needs plan to protect your children from this financial liability.

As hard as it is to face the concept of your own death, acknowledging it and making plans for it brings comfort to yourself and your loved ones. When you take the time to plan and finance your own funeral, you’re ensuring your family doesn’t have to make painful decisions during a difficult time. They also won’t have to come up with an unexpected amount of cash to pay for your service. A final needs plan spares them this fate. When you create a plan, you’ll be working with a professional account executive. Consultations are free, and they’ll meet with you to find out exactly what you want for your funeral service and how you can achieve it.
[click to read…]

ways to invest your moneyIt doesn’t matter how old you are or at what stage in life you are at, it is always sensible to think about investing money. But, quite often we find the interest rates are not what they used to be. You can lock your money in a high-interest account for years and if the economy changes as it often has, it can end up losing value. That’s a rather big problem when you are trying to look towards the future. So, what are the options for people looking to keep their money and investments secure?

Savings Accounts

Although we just dismissed the idea, it is possible to find a good savings account for your money. But, you will need to shop around and speak to the different banks offering this service. Ideally, we also recommend that you do not lock your money away for years. Even if the interest rates seem attractive with the current state of the economy, you will probably find you are lucky if the value remains. Your best bet is to make sure it will gain interest while also allowing you the possibility to move it at regular intervals. That way, you can withdraw the money if you find a better deal or rate elsewhere on the market.
[click to read…]

Tips On Buying A Home For Your Family

by Pam on September 29, 2015

helpful tips for buying a home for your familyWhen you think about buying a home for your family, you probably start to think about the cost involved. Can you afford it? Have you saved enough money? These are the questions that start buzzing through your mind. But, the fact is that buying a house can be a lot cheaper than you think. But first, you need to find the right home for your family.

Don’t Buy Above Your Means

When you look for a new house for your family to live in, you should not be trying to buy above your means. Do not buy a house that you will not be able to afford as this is a sure way to end up in debt. As you think about houses, take into account bills, council tax and of course, mortgage repayments. You should also look for hidden bills. For instance, if you are buying a house on a gated street you will need to pay a maintenance bill for the upkeep of the street. You should make things easy on yourself by making sure you can pay for the home without it cutting a deep hole into your income.
[click to read…]

ways to heat your home for lessUtility bills can place a strain on your family’s finances at the end of each month. Luckily, there are lots of things you can do to reduce your consumption. We’ll do our best to highlight some great concepts that could help you to save hundreds of dollars every year. The basic rule of thumb is that you need to use less power when heating and running your property. However, there are some devices that could assist too. Just put the advice on this page into practice, and you should notice positive changes very quickly. When all’s said and done, you could spend the money you save on more family holidays. Now, doesn’t that sound good?

Heat one room at a time

There is no need to heat your entire home when everyone is sitting in the same room. So, make sure you switch some of your radiators off during the evening time. That will help you to save a lot of money over the course of twelve months. You can use electric blankets in your kids bedrooms if you think they might get cold. Just switch them on ten minutes before they plan to go to bed. Make sure you don’t forget to turn them off as soon as your child gets under the covers. Electric blankets will use a lot of power if you keep them running for long periods of time.
[click to read…]

How To Climb Out Of A Financial Hole

by Pam on September 25, 2015

how to get out of financial difficultiesFacing serious debts is a horrible, but it’s becoming an increasingly common feature of modern life. Unfortunately, young people are particularly vulnerable to those threats.

Money might not buy happiness. However, being in the red can certainly bring sadness to your life. Worse still, being in debt will quickly make you feel scared and alone. However, there is a light at the end of the tunnel, and you shouldn’t throw the towel in yet.

There’s a lot of hard work ahead, but you can still achieve a prosperous financial future. Here are a few tips to help.

Try To Reduce Interest Charges

Every pound of interest you incur is money that’s being wasted. Quite frankly, finding a way to reduce these charges should be a massive priority.

Clearing off accounts with the highest APRs could be a very wise decision. In fact, it may even be worth considering a consolidation loan. As ridiculous as taking on more debt might sound, the chance to wipe out several smaller ones could save you a lot of fees in the long run.

Moreover, it’s easier to manage one debt than several. This way, you’ll be reducing the threat of missed payments too.
[click to read…]

info about liability insuranceTypically an insurance is based on protecting a person from particular risks. This would include anything from disasters to theft and property damages, etc. Still when it comes to business, the kind of risk is far more significant and costly too, because under this circumstance, not only are you responsible for your own business and employees but also for the people with whom you do business. A general liability insurance covers these risks and protects your company from the sudden financial crisis. Professional liability insurance also covers those same risks but is more specific to certain professional fields.

Here are a few pointers that would help you understand these policies.

What is Professional Liability Insurance?

The professional liability insurance is also a policy that focuses specifically on the lawsuits that stem from your professional services. Though this policy is particularly important for service providers, most small-business owners can benefit from its coverage as well. That’s because Professional Liability Insurance covers you from third-party lawsuits that assert that you:

  1. Provided negligent professional services
  2. Failed to keep contractual expectation
  3. Provided incomplete or inferior work
  4. Made flaws in services

[click to read…]