Home' Central Canterbury News : July 31st 2013 Contents 8 CENTRAL CANTERBURY NEWS, JULY 31, 2013
Do you want Professional advice on a Personalised Home Loan?
Are competitive interest rates and lowest bank fees important to you?
Will a Flexible Home Loan make life easier for you?
Do you want to know how to protect your family and your home
loan at the same time?
Is Certainty and Peace of Mind important to you and your family?
Call the mortgage shop
Ph 03 3252117 or email email@example.com
Adding up: Shopping cleverly is one of many ways you can reduce expenditure.
Tough times mean
They say small things add up.
There is also an old saying that goes, ''take
care of the pennies and the pounds will take
care of themselves''.
You don't have to be a miser, a penny-
pincher, or live miserably, but if you need to
save a little money, then there are a few things
you can think about.
Using energy wisely can save you money.
Reduce your power bill by turning off
appliances at the source and making sure you
don't leave them on when they are not being
used. Sometimes, it is just habit. Energy-saving
bulbs really are a good idea.
Buy in bulk
If you can pick up a good little freezer, you
are in a position to collect specials that you
cannot eat immediately. Sometimes, it pays to
buy bulk packs of meat and break them down
into small portions for freezing. Buy items on
special like toilet paper and detergent when
they are going cheap, and stack them away.
Got a little bit of a garden?
Turn it over to plants like herbs and smaller
greens, and use pots. You can grow tomatoes,
courgettes, lettuce, silverbeet, rhubarb, small
brassicas -- all without taking up much space.
Check your insulation
It is amazing how much extra money is used
up in heating your neighbourhood! Ensure
that your ceiling is insulated for a start. Close
off unused areas, pull curtains in the evenings,
and eliminate drafts.
By combining your utilities such as phone,
internet and cellphone into a package with
one provider, your costs will be lower. This
also works with insurance companies.
Rather than replacing broken items, think
about repairing them. In today's throwaway
society, there is still room for mending, and it's
kinder on the environment. Sew up rips, use a
little glue, and take that shoe with a broken
heel to a shoe repairer.
Try a little baking
It is surprising how cheap it is to turn out a
batch of scones or some muffins, and it can be
much more healthy. It is also very rewarding,
apart from the delicious smell of home baking.
Got any junk?
Go through your garage and cupboards,
and have a turn out. Be tough -- gather up
anything you don't use and sell it. Check out
Trade Me -- one man's trash is definitely
another man's treasure.
Dry your clothes naturally
Not always easy in the winter, I know, but
using a dryer is a real money soak. You can use
wire racks inside in a sunny spot for smaller
items, or near a fireplace or heater.
Buy food wisely
Larger tins and packets are cheaper by
weight, but you need to be careful to spread
larger amounts over a longer period. When
mince is cheap, buy more and spread it over
two or more meals. Sometimes, you can pack
out more expensive ingredients, such as meat,
with vegetables, rice, lentils and pasta.
Sometimes, supermarkets have bargain
bins with food that is close to its use-by
date, or ''best before''. Don't turn up your nose
Plan your meals, because then less food
gets thrown out. Get clever with cheaper
vegetables, such as cabbage and carrots.
Invent interesting ways to use up leftovers.
Have an el cheapo night once or twice a
week -- spaghetti on wholemeal toast,
instead of steak. You can toss in cheese,
chopped tomato, onions and herbs to make it
Peruse a recipe book or two -- you will be
surprised at what you find.
When taking a loan,
look before leaping
''Neither a borrower nor a
lender be'', goes the line
in Shakespeare's Hamlet.
Nobody really enjoys
borrowing money, but
there are times when it
has to be considered -- for
a special project, a
financial difficulty, a
holiday -- the list is
Too often it is easy to
get into strife, however, and there are some
important questions anyone should consider
before taking the first step.
What kind of finance do you need? There
are a number of finance options available.
Research the different types of loans available,
and before choosing, decide:
1. How much money you will need.
2. How long you are likely to need it for.
3. How you intend to pay it back.
Consider whether you can afford the
1. How much you borrow will depend on
what you can afford to repay.
2. Work out how much money you have left
Food and related living expenses;
Bills, especially regular ones, such as
electricity and phone;
Any already existing loans;
Now, ask yourself how much you can afford
to spend on loan repayments from what is
Remember that the loan company will very
likely ask for security, usually some form of
property, such as your car.
How much is it going to cost you?
It's important to read and understand
the finance terms and conditions. You need
The true cost of the loan, including
additional fees and charges.
The repayment plan
-- the number of
repayments, amount of
each repayment and
repayment due dates.
Remember, if you
can't pay back the
loan, you could lose
your security (e.g.
What's your credit
A bad credit rating
can make it harder for you to get finance. You
may have a bad credit rating if you've had
trouble repaying a loan or bill in the past,
which resulted in legal action being taken
Do you need a guarantor?
This may depend on factors such as your
age or credit rating. A guarantor is someone
who has agreed and is able to repay the loan
if you cannot.
Do you need loan protection insurance?
Loan companies usually offer loan
protection insurance, which is optional. It can
cover your loan repayments if you can't make
them because of redundancy, sickness,
disability, or death.
You have got the loan
Obviously, you will need to make regular
repayments. Stick to the loan terms to avoid
extra fees or repossession of your loan
security. Early repayment penalties may apply.
Check your loan agreement before paying
your loan back early.
What if you are having trouble making the
If you can't make loan repayments, contact
the loan company immediately. They will help
you work out a solution, as it is in their
interests that you keep making repayments. If
you have loan insurance and can't make
repayments, the insurance will cover this.
You may want to make changes to your
This may be needing to borrow more
money or to consolidate existing debts into
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