What crisis? Saving money as normal

The current economic climate in the UK has been called ‘arguably the worst’ in the last 60 years. The resulting ‘credit crunch’ has affected thousands of businesses and perhaps more so, their employees. The public also have their own very justified feelings on the issue, with many concerned at the number of negative stories being presented by the media in recent times.

Recent studies have revealed that a healthy proportion of people in the UK are actually prepared for tough times ahead. It was estimated that, at the beginning of 2008, seven in ten British adults had some form of investments or savings, with 54 percent of the population holding deposit accounts and 34 percent with ISAs.

Many people with mortgages and credit cards, however, may be worried that they will feel the full force of the ‘crunch’, in the case that that their repayments will be tougher to afford. However, these forms of borrowing are actually essential to millions of people in the UK, with so few being able to afford an expensive investment like a house or car without acquiring some financial help and guidance.

For the proportion of the population who do borrow in some way, saving can still be an achievable target and repayments can be affordable with the right management. The results of the 2007 Annual Survey of Hours and Earnings (ASHE) displayed that the average full-time employee in the UK earns £457 per week. If part of this figure can be carefully utilised each pay day, individuals can avoid struggling with their finances.

Careful management is often advised to be the key - putting aside a regular amount of funds regardless of the circumstance is often seen to be the most effective way to both pay off debts and to build savings. And denying oneself expensive luxuries for a period will also make a significant difference, as will downgrading the car or even the house that is currently owned. If a pay rise occurs, it is often advised to save the extra cash rather than splash out. Overall, the target should be establishing a position where an individual controls their money, rather than spends without consideration.

To maintain a certain level of control of ones money, it is important to ensure the right type of savings are utilised. Getting the right advice is key, therefore, whatever method is used – opening a new current account, taking out an ISA or more effectively borrowing using the right tools to compare credit cards – the method can be tailored to each individual.

In doing this, it is important to ensure the advice received is trustworthy and unbiased. Essentially, saving is a habit to maintain so that there is always something to fall back on in the event of an unforeseen crisis,. Therefore, the consumer who wishes to save should have all the right information and support to allow them to prepare themselves, whatever state the economic climate is in.

Isla Campbell writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

Six Factors To Review Before Buying A Miami Beach Condo Unit

Buying a condo unit in Miami Beach isn't a simple step. You have to fix a heap of legalities and review several factors first. Although it is tiring to think about all the things you have to do, you'll find that your efforts are all worth it in the end because you get to reside in a place as beautiful and breezy as Miami Beach.

To help you in the buying process, here are the six factors you should review before buying a condo unit in Miami Beach.

The Financial Condition Of The Condo Association

Many home owners neglect to research about the condo association's financial condition which makes them regret it in the end. Because the condo association takes care of the needs in the building, it is only vital to ask about how capable they are in managing the building. Since repairs would be needed from time to time, it is important to find out if the association is able enough to take care of the owner's needs in the many years to come.

The Monthly Fees

When you live in condo units, you have to pay for some monthly dues. You have to know how much you need to pay monthly in a particular condo building. You can compare prices so you may know which condo building in Miami Beach suits your pockets best.

While asking about the monthly dues, you also have to know the things you will be paying for. Most of the fees are allocated to services such as security systems, building maintenance, car park fees, and other amenities.

Professional Management In A Condo Unit

The Miami Beach condo unit you are planning to buy should be professionally managed. The owner or manager of the building should be educated enough in this kind of business. This is an important information since you are concerned of the condo's condition in the years to come.

Soundproofing Of The Unit

Since you live in a busy place like Miami Beach, your condo has to provide you with a good and restful environment. The best condo buildings in Miami Beach are those which consider the needs of home owners like soundproofing of the unit.

Owner's Rights

Renters of a Miami Beach condo unit actually have different rights compared to the owners. If you are planning to buy a condo unit in Miami Beach, make sure that you're knowledgeable of your rights as a condo owner.

Resident's Feedbacks

To have a clearer picture of how good a condo building is, try asking some residents in the area and inquire about the amenities, services, and the staff of the condo building.

Vanessa Arellano Doctor
Miami Beach Condos

Miami Beach Condos

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