5 Financial New Year’s Resolutions Everyone Should Make
5 Financial New Year’s Resolutions Everyone Should Make Money saving website www.moneymaxim.co.uk highlights five New Year Resolutions everyone looking to save money should make in 2011. Focusing on the biggest moneysavers for moneymaxim customers in 2010 these tried and tested methods can trim hundreds of pounds from the average family budget. Review Your Life Insurance: Checking your life assurance arrangements on a regular basis can result in big savings. Not only are there life changing situations such as marriage, birth of children, employment changes, divorce and retirement, to take into account but there are lots of other reasons why regularly reviewing your life assurance can bring you big benefits. Many factors influence what you pay for life insurance premiums and with longer life expectancies, better health provision, better housing and food, as well as changes to your own lifestyle, there is every possibility that you could be paying too much for your life insurance, mortgage protection, private medical cover or income protection policy. Review now and save. Find the Best Mortgage Rates: Mortgages are for most of us our single biggest outgoing each month, but are you getting the best mortgage rate available? With Bank of England Base Rate still low, but expected to rise and many banks offering enticing offers to remortgage with them now, January could be the right time to bag a bargain that could cut your monthly outgoings considerably, lock in low rates and save you money. http://www.moneymaxim.co.uk/mortgages Compare Gas and Electricity: Energy prices are going up, leaving consumers out of pocket. Customers should compare the price of their energy against those of other providers to find the best deal for their own individual needs ensuring they are benefiting from online discounts, dual fuel offers and fixed price deals. Anyone who is on a standard tariff, accepted a tariff suggested by their utility company at the time their last contract ended or has signed up to a tariff sold directly by a utility company either in a supermarket, at the door or over the phone should immediately review their options. Everyone else should either note their calendar to check their arrangements remain competitive every four months or consider joining the free moneymaxim.co.uk http://www.moneymaxim.co.uk/free-energy-monitor-service service which checks customer’s current tariffs against the whole market on a regular basis. Prepare now for your 2011 insurance renewals: Check all your insurance renewals for 2011 and then note your calendar or diary four weeks before each date – then you can make sure you have time to find out what the competition will offer you before your current insurer sends you through their renewal note. Alternatively join the moneymaxim renewal management programme and you will receive automatic reminders at the appropriate time. Make a resolution to stop buying ‘tied products’: Big business works hard to make sure they can entice you with exceptionally strong headline prices – and then works equally as hard to sell complimentary products which are big profit earners for them. You can get a great iPhone or Blackberry deal and then the mobile insurance policy costs you over £100 a year more necessary, or you find a mean car hire price for your holiday only to discover the car hire insurance excess policy from the car rental firm costs more than the rental charge. Moneymaxim are on a mission to ensure their customers are aware of ways they win both ways – great deals and independent comparison of areas such as gadget cover and car hire excess insurance. Mark Bower, Managing Director and Founder of Moneymaxim explains; “We all know 2011 is going to be tough financially for many of us, but with a little bit of planning in some key areas there are ways to save money and protect what you already have, too. “Anyone looking to cut costs and save money should seriously look at our 5 top tips for 2011 and for those who do not have access to the internet or prefer to chat over the phone our phone service is available on 0800 520 0699 where we can offer a full review of your personal finances with one of our experienced team of money saving experts.” Notes: About moneymaxim.co.uk: Launched in 2008 by Mark Bower moneymaxim.co.uk aims to deliver an impartial and independent service both online and through telephone money saving specialists. Visit: www.moneymaxim.co.uk for more money saving advice and information. The moneymaxim energy price comparison service is independent and impartial and covers every energy company available in the UK. It is fully accredited by Consumer Focus. The moneymaxim Energy Monitor Service enables customers to register their current tariff and annual usage and every four months this will be checked against the best in the market. If savings of £50 or more are possible (after any contract termination charges) the customer is alerted. Additionally customers are contacted at the end of any fixed term contract to ensure they are aware of the full range of options open to them. Registration is free. Moneymaxim also run a similar tracking service for other products which have competitive ‘lead in’ prices, but then rise at the end of the first contract renewal. Products covered include all types of personal insurance, life assurance and financial arrangements such as credit cards, mortgages and ISAs. Moneymaxim has also introduced a series of unique comparison products over the past twelve months including Car Hire Excess insurance and Gadget (comprising iPhone, Blackberry, iPad and 19 other gadget areas). There are significant plans to further expand its comparison services in 2011. Mark Bower is available for interview. Moneymaxim can also provide journalists with many case studies for future energy related features. Contact Dale Lovell on 01753 859 588 / 0779 14 14 681. E-mail: dlovell@searchnewsmedia.co.uk
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