Top benefits of Short Term loans

Top benefits of Short Term loans

Short Term loans are an excellent way to raise cash in a hurry. If you need to sort out any kind of financial crisis, a short term or instalment loan can be one of the best solutions, and they are even available to consumers with bad credit records.

LoanPig are specialists at providing the short term loans people need in a hurry, so if you’ve never thought about the advantages of a short term loan before, check out three top benefits of our service below.

Some of the top benefits include:

1. Speed of arrangement

As already noted, short term loans can be a brilliant way to access quick cash. If you’re desperate for cash towards the end of the week or month, one speedy application can solve all your financial problems. You can complete an application online and very often you’ll benefit from virtually instant approvals (subject to affordability checks and specific lending criteria designed to assist you but also protect you).

There’s no hanging around waiting for loan officers to make decisions when you apply for a loan. What’s more, the application forms are easy to complete, and this means you can benefit from funds in your bank within just a couple of hours.

2. Short Term Loans are convenient

If you don’t want the hassle of heading to your bank to complete a loan form, then you’ll truly appreciate the convenience of short term loans. You can fill in your online loan application from any place that has internet access, meaning you can apply from work, while out and about shopping or from the comfort of your own home. And, your cash could be transferred to your bank account within a short time of approval being granted.

3. Spend your loan on anything you want

And, finally, a short term loan gives you cash directly to your bank account. This means you can spend the money on anything you desire and are not confined to specifics, such as home improvements or a car purchase, but as you are aware, short term loans are not designed for borrowing over long periods, they are designed to be a quick fix to get you out of an emergency or pay for something you want or need, as a one off.

For example, if you apply for a credit card you will find that it costs you money to withdraw cash using your card and also for other services. With a short term loan, you’re not at all limited in the way you choose to spend your funds.

Get in touch today to find out more about our loans.

The post Top benefits of Short Term loans appeared first on LoanPig.

source https://www.loanpig.co.uk/benefits-of-short-term-loans/

How to save money on food this January

Top money saving tips for 2019 from LoanPig.

January always seems like such a long month! Particularly as many of us get paid early before Christmas – which is great at the time but means that things start getting very tight just about now.

One of the essential expenses we face is food shopping. When things are tight we can cut back on most other things but we do still need to eat.

So how can we save money on food bills? Let’s look at six steps that can help. Things that we can start doing right now to get us through the rest of this month, and can also then continue doing to get into better habits and keep saving money.

1. Set a budget and stick to it

In our recent article How to Sort Out Your Finances in 2019 we looked at the importance of budgeting. And food shopping is one of the areas where it is so easy to overspend. If you keep a record of what you spend on food each month you are likely to be surprised and even horrified: it is likely to be far more than you estimate.

For the rest of January it can help to work on a cash basis. Put the cash aside and only spend that on food. You will need to be creative about what to buy (see Tip 2) but it really brings home what you are spending when you pay in cash rather than on a card.

Longer term it can be effective to cut down your spending slightly month by month. So you need an accurate record of what you are spending, then each month aim to reduce that by a certain amount of money. This will mean you making small changes in various ways but if you do this on a gradual basis it should not be too noticeable. Follow some of the tips below for how to do this.

2. Plan your food shopping before you go

It can seem very time consuming to plan meals but it is an excellent way to save money so is well worth doing. If you don’t plan you are likely to buy whatever catches your eye and will spend more than you intend to.

First of all check what you already have in your cupboards, fridge and freezer. So much food gets wasted by being left lying around then eventually being thrown away. So plan meals that use those ingredients so that you only need to buy additional ingredients to go with them. This will cut costs and also reduce waste. Make a list of exactly what you need and just buy the items on the list.

Also be flexible about what you buy. There is currently a lot of emphasis on eating less meat, and cutting out meat from some meals if you usually always eat it, is another effective way to save money.

3. Shop around

It can be tempting just to go to the same store you always do, but it can pay to shop around. So when you are planning your food shopping, have a quick browse around to see which store currently has offers that are relevant to you, and go there.

Also keep looking out for coupons and vouchers and make use of them if they fit in with what you would buy anyway.

It can also be useful to get to know the times of day that stores reduce their out of date stock. It is possible to pick up some really good bargains if you are able to go at the right time.

4. Buy and cook in bulk

Buying in bulk can save you money, but only if you do it wisely. If you either buy large quantities or go for supermarket “3 for 2” or “BOGOF” offers you can save money if you are genuinely going to use the items. But beware of being drawn into what seems to be a bargain if you are just going to end up throwing stuff away.

It can pay to shop with a friend and divide bulk-buy goods between you. Then you both benefit from bargain prices and nothing gets wasted.

It also saves money if you batch cook food. It is not much more effort to make extra quantities of meals such as casseroles, pies or lasagne. These can then be frozen for future use. Or another option is to swap meals with a friend.

5. Waste nothing

It is predicted that the amount of food that is wasted each year will rise by a third by 2030, when 2.1 billion tonnes will either be lost or thrown away. This is the equivalent of 66 tonnes per second!

So for all kinds of reasons it makes sense to try and really cut down on the amount of food we are wasting.

One way we can do this is to cut down portion sizes. Just think of the amount of food that gets left on plates. Much better to serve smaller portions – and then people can have seconds if they would like more. If there are leftovers from any meal, they can either be put in the fridge and used for lunches or as part of other dishes, or frozen in one portion sizes for a quick meal.

6. Drink wisely

Yes we know it’s Dry January but generally we all drink too much and need to cut down. This might not even be alcohol – many of us are addicted to either fizzy drinks or juices. All these drinks cost money.

So to save money- and also for health reasons – try just drinking water with meals some days of the week. You will feel a lot better for it and will have a lot more change in your pocket!

At LoanPig we hope that these help you to balance your budget whilst still eating well. Check back here soon for more money saving tips from LoanPig.

The post How to save money on food this January appeared first on LoanPig.

source https://www.loanpig.co.uk/how-to-save-money-on-food-this-january/

How to Sort out your Finances in 2019

Christmas is now over and many of us are now beginning to realise that, despite our good intentions, we spent far too much money.

But if you are counting the cost of Christmas,  you are not the only one! Recent research from investment company Hargreaves Lansdown indicated that the average person in the UK spends £538 on Christmas and overspends by £153. Given that these figures are average, it means that many of us are facing an even bigger overspend.

If you are in this situation you will at the very least be feeling annoyed with yourself. Perhaps you are even panicking about how you are going to manage financially to get to the end of January – which always seems to be a very long month!

So how can you change all this? What can you do differently in 2019 to ensure that you do not end up in this situation yet again?Why not try our Six Steps to Solvency?

1. Take a good look at your finances

It can feel very uncomfortable to start looking closely at our finances. But it is really important to do this so that you can understand where you are at and where your money is going.

The best way to do this is to make a list of everything to do with your money. This should include:

• Assets you own (eg home, car, savings)
• Debts you owe (eg mortgage, loans, credit cards, overdrafts)
• Regular income (eg salary/wages, benefits)
• Regular payments (eg mortgage/rent, loan and credit card repayments, household bills).

This should begin to help you see how healthy your finances are looking.

2. Pay off bad debt

The best way to start sorting out your finances is to pay off bad debt. Our recent article The Difference Between Good and Bad Debt explained that a mortgage is generally viewed as good – or acceptable – debt because you are using it to invest in an asset ie your home. However unsecured debts such as credit cards are bad because they can get out of control very quickly. This leads to more interest being added to the balance and you can end up just paying off the interest each month and not reducing your debt at all.

So one of the key things to do when getting your finances under control is to pay off as much bad debt as you can. Even if this means dipping into any savings that you have, it could be well worth it. Once you no longer have monthly credit card repayments to make, it will release that money for other things.

3. Start budgeting

There is something about the very word “budget” that makes most of us want to run a mile! But the reality is that unless you plan your regular spending carefully, and know where your money is going, it is easy to slide into debt without any idea why.

So, building on your work from Step 1, make a list of all the money you spend each month. Not just your mortgage/rent and household bills etc but also your spending on everything else, including food, clothes, transport, entertainment, leisure etc. Include absolutely everything.

This should give you a good idea of how you think you are spending your money but you then need to keep careful records for at least a couple of months of where every penny is actually going. Use either a notebook or a phone app but keep track of everything.

You may well be surprised – or even horrified – to find out that you are spending a lot more in some categories than you ever realised. But once you know, you are then in a position to start making changes to get yourself in a better position.

4. Balance the books

After you have tracked your budget for a couple of months it should become clear whether or not you have enough money coming in each month to cover all your expenditure. If so, you are in a healthy financial position. Be careful with your spending, pay off any remaining bad debt as soon as you can, then start to save (see Step 5 below).

But if your budget shows a shortfall – ie you have less money coming in than is currently going out – then you need to take action quickly. The first thing to do is to check every bill to see if really is essential and, if so, whether you can get a better deal – for example by switching suppliers. Then look at every other item of expenditure and see where you can cut down. This may mean adjusting your lifestyle for a little while – for example not going out as much – but it will be worth it to get yourself sorted.

Also look at ways of bringing in extra income, for example changing jobs, taking on extra work, selling items or taking in a lodger. There are various ways of doing this and they may not all be easy but will help you to get your finances back on track.

Another option to consider is to take out a small loan to pay off all your existing debts so that you end up with just one affordable monthly repayment instead of several different ones. If you do this, it is really important not to increase the overall amount of your debt, but see this as a last chance to pay off old debt and make a fresh start towards a debt-free future.

5. Keep at it!

Last but not least, be aware that to keep your finances in good shape is a long term commitment. The above steps will help you to start tackling problems and getting things back on an even keel, but you need to keep at it and not let things slide. So see them not as a one-off quick fix but as the start of a new lease of life for your finances. Keep working away at it and you will reap the benefits long-term.

At LoanPig we wish you the very best for 2019 and hope that this is the year when you do manage to begin sorting out your finances once and for all!

The post How to Sort out your Finances in 2019 appeared first on LoanPig.

source https://www.loanpig.co.uk/how-to-sort-out-your-finances-in-2019/