Managing your finances

Personal Finance Advice For Today’s Tough Economic Times

Whether you’re trying to get out from under a mountain of debt or want to learn how to save more, financial management can help you. Read on to learn some simple tips and tricks that you can use to improve your financial situation and begin saving more of each paycheck.

Bank Notes

If you are trading to make your mortgage, you are trading for the wrong reasons. The volatility of the exchange is too great to gamble your needed finances on. Always use safe money as opposed to your real world dollars that must support your day to day life. This is about building profits, not about playing the lottery.

Invest in what you love. The stock market and companies can be very confusing, and can seem like an unpredictable roller coaster. Plan on investing over the long run, not trying to make a quick fortune. Pick a company or companies who have been around for a long time, and who’s product you personally enjoy and use. This will give you some piece of mind in their security, as well as an interest in following them.

Always pay your credit card bill in full! Many consumers do not realize that paying only the monthly charges allows the credit card company to add interest to your payments. You may end up paying much more than you were originally quoted. To avoid these interest charges, pay as much as you can up front, preferably, the whole amount due.

Pay off your items with the higher interest before focusing on the lower or no interest debt. Paying the minimums on a high interest card can cost you hundreds of dollars more than it should. List out the interest rates of all the cards you have and pay off the highest ones as soon as possible.

Keep your credit card receipts and compare them to your credit card bill each month. This allows you to spot any errors or fraudulent purchases before too much time has elapsed. The sooner you deal with problems, the sooner they are corrected and the less likely that they will have a negative impact on your credit score, which could leave you needing to take out a bank account with bad credit history.

To make your savings account earn money while you sit back and watch, invest in a long term fixed rate. These accounts offer a higher, fixed interest rate for a longer period of time. Most banks offer high interest to get your money, then cut the rate after a few months. Long term fixed rate accounts will have your money making money while it is in the bank.

If you must get a credit card to manage your finances, try for a no-fee rewards card. While credit cards can easily cause more damage than do good, a rewards card will at least give you something back for the money you spend on it. Don’t be tempted to overspend to earn those rewards, though.

To cut your monthly water usage in half, install affordable and easy-to-use low-flow shower heads and taps in your home. By performing this quick and simple update on your bathroom and kitchen sinks, faucets, and spouts, you will be taking a big step in increasing the efficiency of your home. All you need is a wrench and a pair of pliers.

For parents who want to get personal finances on their child’s mind as early as possible giving them an allowance can create a cash flow for them to develop their skills with. An allowance will teach them to save for desired purchases and how to manage their own money. Also the parent is still there to help them along even when they reach a point in their lives where they will be looking for the best student account for their time in college or university.

If you are below 21 years of age and looking for a credit card, know that there have been rule changes in recent years. Traditionally, credit cards were provided for students who are college aged for free. You have to have a cosigner or be able to prove your income. Make sure you’re well aware of what a card requires before you apply.

Saving more isn’t just a matter of willpower, as you can see. You have to take the time to look at your finances and decide which changes you want to make. Now that you’ve read this article, you should have a better idea of which changes you should make first, in order to improve your financial situation.

For more information about banking check out www.usefulbanking.co.uk/

Keeping your business safe from fire

Fire Safety in the UK

Incidents involving fire are among the main causes of death and property destruction in homes and business premises around the UK, and this contributes to a loss of millions every year. There are a quite a number of things that lead to such incidences; for instance, when faulty electrical wiring or appliances are used, they can catch fire and cause great damage, and the same can happen if a cigarette is not correctly disposed of, or if you don’t get a company in to do your dry riser testing. Even though negligent individuals should be held responsible for such damages, it’s up to you to take responsibility and implement fire safety control measures to protect your assets, especially seeing as you have worked so hard to invest in them. Other than that, you also have to ensure the well being of anyone who uses your buildings and this can only happen if you adhere to the necessary fire safety standards, and where necessary ensure that you get specialists in to carry out such tasks as dry riser testing, and sprinkler system maintenance.

What is fire safety?

Whenever there’s a fire, it’s important to know how to handle and keep it under control in order to minimise damage. Even so, it’s more important to learn how to prevent it so as to avoid such problems altogether. On the whole, knowing all the fire prevention and control methods that comprise fire safety and being familiar with them gives you an upper hand when it comes to dealing with fires.

Common fire safety hazards

For a fire to start there must be oxygen, fuel and heat. Some of the general ignition sources include naked flames, heaters, matches, cigarettes and electrical equipment. To prevent the start of a fire from such sources, a risk assessment should be carried out to identify the right safety measures, and ensure that they are employed. Aside from that, whenever you encounter a fire incident, you should always have an available escape route before you try to put it out, and if the fire is too big it’s best to exit and leave the job to professional firefighters.

How to enforce fire safety

The fire and rescue service is responsible for ensuring that all premises meet the set fire safety standards. During their inspections, the enforcing authorities aim to ascertain that you have all the needed installations in your building. Your building should not only have fire extinguishers, but there should also be fire exits with clear signage so that the residents of the building know exactly how to exit in case of a fire. In the event that you do not have everything in place, the enforcing authority will issue recommendations on what needs to be done. Getting fire assessments is very important since it will not only reassure the occupants of their safety, but it will also make you confident of getting the most out of your assets. Other than that, employees must also undergo some kind of fire marshall training so that they know what to do in the case of a fire.

Fire safety - wheeling fire

Implementing fire safety precautions

Whenever a fire occurs you need to be prepared, and this means you have to install various equipment including extinguishers, sprinklers and smoke detectors. However, acquiring such devices is pointless if you do not learn how to use them; thus, you must get conversant with how they work. Ideally, you should go for professional fire training so that you know about the usage and maintenance of such fire control equipment. Remember, different types of fires require different fire extinguishers; for instance, electrical fires should be dealt with differently from grease fires. In addition to that, a fire can only be controlled by an extinguisher to a certain extent, and knowing the limits can go a long way into ensuring your personal safety and avoiding wastage of the extinguishing material.

As a responsible person, you have to take charge of the safety of your employees and visitors, or any members of the public who may have access to your building -people with disabilities should also be catered for. Thus, apart from taking general precautions, you must also ensure that the fire prevention principles are applied and you have to take into account the needs of the most vulnerable occupants. In addition to people with disabilities, young children and expectant mothers should be well catered for.

Reviewing your fire safety procedures

You also need to regularly review your fire assessment so that you ensure safety, even when there are changes made to the building. On top of that, if there is a considerable increase in the number of occupants, you need to reassess so that you take the necessary action to reduce the risks that may arise from fire. There is all sorts of equipment available to help cater for fire safety needs in different buildings thus, regardless of the type of premises, you can find products to suit. That said, where you need to install particular equipment in your building and you are uncertain of how to go about it or what to go for, do not hesitate to seek specialist fire safety advice from a fire company, because it’s the only sure way to get the appropriate equipment.