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Futureproofing Your Finances: A Graduate's Guide (Page 1 of 2)
With every passing year, employers place more and more importance on the ‘right’ degree, even for entry-level positions, so it is little wonder that more school leavers than ever before are choosing to continue with Higher Education.
Since the UK government abolished means-tested maintenance grants in 1998 and introduced tuition fees soon afterwards, the cost of getting a degree has increased exponentially, with an alarming proportion of new graduates leaving university tens of thousands of pounds in debt. The future looks bleak for the current generation of graduates. The ‘job for life’ has become the stuff of legend, and state pensions are at risk of being phased out.
It’s easy to put off getting your finances properly on track, especially if you’re working full-time and managing to keep your head above water, but those loans and overdrafts that were so easy to get when you were a fresh-faced eighteen-year-old need to be dealt with now if you want to enjoy a decent lifestyle by the time you are middle-aged.
We’ve identified some of the key things you can do to get on the road to financial freedom as soon as possible.
Make a plan
List your short-term and long term life goals. Do you want to be able to afford a new car or invest in property? Start a business? Get married or have children? Having a rough idea of the direction you want your future to take will provide the framework on which to base many important decisions.
Kill your debts
This one is vital! As long as you owe people money, you will feel like they own you. If you have outstanding student loans, bad credit cards, unpaid bills or similar debts, ignoring them will only make them grow bigger, and if all you can afford to pay is the minimum charge every month, all you will be doing is paying off interest without ever repaying the original loan. It’s important to break out of the cycle of debt, but it can also be a very daunting prospect, especially if you are being harassed by many creditors. If you can’t find enough hours in the day to organise repaying your debts properly, or simply feel you don’t know where to start, it’s worth finding a personal debt management firm to help you get back into the black. As long as you are in debt you will not be able to save any money, which brings us to:
Start Saving Now
We’re not saying that you shouldn’t spend money on consoles, new stereos and so on but at least make sure you put aside 10% of your salary in a savings account for use in future emergencies. We don’t want to sound fatalistic, but there will always be future emergencies!
Cut Day to Day Expenditure
The internet offers hundreds of ways to save on all manner of products and services. There are price comparison websites, sites that collect discount voucher codes that you can use when ordering all manner of things online, from new PCs to take-away pizza. If you find a voucher online that saves you some money, put that money into your savings fund as well. Sites like MoneySavingExpert are dedicated to helping consumers claw back as much money as possible from the corporations.
12 month cash loans-easy cash availability
12 month cash loans are made to provide usually a big amount of loan facility to cope up with the ongoing fiscal condition which is projected for short and long term purposes. This type of cash loan facility provides freedom to use cash at any time within a year or time tenure of 12 months. The borrower has the option of repayment of the desired amount of loan within the time period which is flexible enough to tackle with sudden occurred financial issues. These types of loan facility are available in secured and unsecured form to allow people flexibility to use their loan amount within 12 months.
The cash loans are excellent to tackle the unexpected expenditures immediately with extended repayment tenure of 12 months. The most striking quality of these types of loans are their immediate cash flow with a little long repayment tenure which is generally not seen other types of payday loan facilities. This loan facility for the borrowers is the perfect option to solve out cash crisis as the cash is deposited to the bank account of the borrower immediately after approval the loan amount. It is the most convenient and smartest way to avail loan facility quickly which also bears repayments option with a long time period.
All these loan facilities come with minimum documentations which do not require any kind of faxing of supportive documents, no collateral, no credit checking and also come with co security; the loans are available by the most of the loan providers at a very flexible and convenient interest rate. Also these are available in a number of cash amounts which can be availed on the basis of the repayment capacity of the borrower. Applying for these is very easy that requires only filling up an online application form for the initial processes.
12 month cash loans are the best way to provide a tension free solution along with peace of mind to sustain economic condition of the family or the official matters. This type of cash loans provide great opportunity to the people which are in debt or with the issues like bankruptcy, defaulter, arrears bad credit history etc. Now its been easy to have financial security or freedom of choice to fix up the pending dues or bills or other unexpected financial problems.