UK Money News
10th January 2008
Brits 'should save for a rainy day'
Consumers who hope to avoid trouble with debt should try to save around six months' worth of salary, one personal finance body has stated.
Independent financial adviser (IFA) Hargreaves Lansdown has stated that such savings can provide valuable help with money to address time when funds are less available.
Ben Yearsley, investment manager with Hargreaves Lansdown, said: "Everybody should have about six months of salary saved up as 'rainy day' emergency cash.
"A good place to put that is in your cash Isa, if that's sufficient."
He added that those with savings exceeding their Isa allowance might consider seeking help with finance in high-interest savings accounts, or choosing national savings products to avoid the tax burden - although the interest rate is unlikely to be as high.
Recently, personal finance institution Birmingham Midshires released data indicating that more young people were starting to build savings, while older generations were increasingly looking for more competitive products.
back to January's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
