Money makeover
Article Abstract:
Many people feel a need to review their financial arrangements when they start a family. They may have received money for the baby from relatives, for example, and may also wish to ensure that their life cover and long-term savings plans are adequate. It is likely that investments will not bring a large enough return to fund private education, but they can be useful for meeting the cost of extra-curricular activities and for funding further education. It is advisable to set up a general portfolio of investments and to maximize use of personal equity plans.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Money makeover
Article Abstract:
Many graduates have a considerable amount of debt when they begin their first job, and can find it hard to reduce this debt while also adapting to the financial demands of a career. It may be best not to attempt to pay off the capital on the loans initially, focusing simply on making the required interest payments. Some banks offer a preferential period for graduates, but it is worth trying to pay off the outstanding balance within this period. It is vital to begin planning for a pension as soon as possible.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Comment about this article or add new information about this topic:
How can I spend an extra 3,000 pounds sterling a year?
Article Abstract:
People who receive a pay increase should consider how to put the extra money to best use. It may be possible for them to consider buying a house, rather than renting, for example, but it is important to be aware of the additional costs which may be involved. It is worth considering taking out a flexible mortgage which allows overpayments to be made from time to time when extra money is available. Those who have some money to spare may also wish to save some of it for their children's university education.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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