Dod Finance
Your guide to borrow money in the United Kingdom.

How to Pick the Right Loan

If you are looking to borrow money then you will have a big choice of loans. It can be tempting just to go for the one that looks the best at a glance and not really think about which will be the most suitable for …

If you are looking to borrow money then you will have a big choice of loans. It can be tempting just to go for the one that looks the best at a glance and not really think about which will be the most suitable for you. Of course, this will take some time, but if it means that you have a much better borrowing experience as a result, then this could make a big difference. However, knowing what to look out for in a loan can be tricky and so you will need to make sure that you are considering the right factors when you are searching.

You should always know much much you need to borrow and how you’ll repay it.

How Much to Borrow

You will need to start by thinking about how much you need to borrow so that you can find a loan such as the guaranteed payday loans from Boutell that will allow you to borrow enough money. It can be tempting to go for a loan which will give you more money than you actually need. You might think that it will be fun to have a bit extra to spend and you will be to treat yourself to a few things. However, you need to consider that cost of doing this because you will find that you will be charged for every bit of money that you borrow. Therefore, if you borrow less, you will pay less in interest and other charges and you will also be more likely to manage the repayments more easily. So, it is important to carefully calculate how much money you need to borrow so that you can then find a loan that will give you the amount that you need and not too little or too much.

How Long to Borrow for

It is good thinking about how long you will want to borrow the money for. You will need to think about the fact that you will pay more interest on it if you borrow it for longer, but it will easier to manage the repayments if there are more of them as they will be smaller. You may have a particular target with regards to when you need to loan to be paid off – perhaps because you want to borrow for something else or you have an event or occasion in the future and so this could influence your decision.

Repayment Amount

It is extremely important to make sure that you will be able to afford the repayment amount. You need to think about how much money you normally have available and then ensure that you pick a loan which has a repayment amount that you can afford. Of course, you may not normally have much money available. This may leas you to being forced to take on a loan which has flexible repayments, such as an overdraft or credit card or to have to think about cutting your spending in other areas so that you will be able to afford it. Either way, you need to do this calculation to make sure that you will be able to afford it.

Lender Reputation

A lot of people will also want to make sure that the lender that they use has a good reputation. They will want to check out information about them before they sign up to a loan. This is something which they will be able to research. You can look at the website of the lender, read online reviews and also chat to people you know to see if they have any recommendations. You may also have other requirements with regards to the lender such as the fact that they might be one you have heard of, used before, has a local branch, operates online, has good customer service or all sorts of other possible factors. You will need to give it some thought.

How to Save Money When Buying a New Phone

We will replace our mobile phone from time to time and this will mean that we will need to think about paying for it. The best way to start is to make sure that we are not paying more than necessary for the phone. This …

We will replace our mobile phone from time to time and this will mean that we will need to think about paying for it. The best way to start is to make sure that we are not paying more than necessary for the phone. This is something that can be quite tricky at times, but there are things you can try out.

Go for a Second Hand or Reconditioned Model

It is a good idea to consider whether it might be a good idea to buy a reconditioned phone or just a second hand one. This is because you will find that you will pay a lot less this way. Often the phones can be very good and people may not have had them for long and just be swapping them because they wanted the latest release or because they want a feature the phone doesn’t have. This can be something that means that people will swap their phone a long time before it is worn out or too old fashioned and so you can benefit by taking advantage of that. This could save you a significant amount of money and there are a lot of places that you can go to which will offer these types of phones for sale, high street shops and online retailers and private sellers so it will be easy to compare prices and see what is available before you buy.

Check to See if its Cheaper in With a Contract or not

It can be worth calculating whether it is cheaper to get a phone in with a contract or have one without. It can be tempting to think that it will be cheaper and it is easier to afford because you will be able to spread the cost across the term of the contract. However, this can actually make it a lot dearer, especially if you get tied into a contract which gives you a lot more benefits than you actually need. So you need to carefully calculate the costs and make sure that you are getting good value for money.

Buy a Slightly Older Model

This is something well worth considering. Many people get really tempted to buy a model which is the latest one just because they feel that it will be better. However, you may find that the previous model will be significantly cheaper and will not cost you significantly more money. It is worth taking a look at the difference between the two models and thinking about whether there really are any features that you will use on the new one that were not available on the old one.

Ensure You Will Use all of the Features you are Paying for

So when you are looking at all of the different phones that are available, make sure that you compare the features and think about what you will use and what you will not use. This will enable you to be able to decide which phone will offer you better value for money and you will be able to decide whether you feel that it is worth paying the extra money or not.

It might seem like a lot of thinking work to do but it is worthwhile. You need to think about whether you will be able to afford a new phone and if so, how much you can pay for it. Once you have a budget in mind, you will then be able to consider what will be the best phone for your budget and whether you will get everything that you need from that, if not, you may have to save up a bit longer before buying a new phone.

Top Tips for Making Money Online

If you want to make some extra money then you might think that making money online could be a good way to do it. This could be true but you will need to know exactly what to do to get that money. There are things …

If you want to make some extra money then you might think that making money online could be a good way to do it. This could be true but you will need to know exactly what to do to get that money. There are things that you should avoid as well.

Beware of Scam Sites

Although there are genuine work from home sites online, there are also scam sites as well. You need to very careful about what you are using so that you do not end up losing money or wasting time. Read reviews of the various sites that you come across to make sure that you will get paid for what you are doing. Never send money to get work, you should be being paid, not having to pay. Make sure that you use review sites that you trust or go to money making forums or websites that you trust. Ask around people you know to see whether they can offer any help because a lot of people do earn money online these days. If you have a feeling that the site does not seem genuine then do not use it. There are plenty of sites around and so you will be able to find an alternative so if you abandon one it should not matter too much.

Working hard is the best way to make money.

You Will Need to Work Hard

It is worth being aware that you will need to work hard for the money that you earn. There will be a lot of earning options available, but they tend not to pay that well. There is no minimum wage when you are self-employed and you will be competing with people form countries with really low standards of living for work who will offer to do the job for a lot less than you or you will be doing really easy tasks. Therefore, you will have to spend a lot of time earning a little money. However, there is a lot to be said for the convenience of being able to work from home and doing easy tasks that you are able to do while watching TV or doing other things at the same time. If they are easy though, you will have to do a lot of them before you will earn very much. You will often have to accumulate a certain amount of money before you can cash out and get paid as well.

Identify a Niche Market

If you are freelancing, selling things online, making videos, writing books or things like this, then you will need to think about how you will stand out form others. Consider whether you have a unique selling point or niche that you can use to help you to stand out. For example, if you are selling things then you may need to be the cheapest or provide the best service, sell items no one else does, post out quickly or something like that. If you are doing freelance graphic design, writing or programming then maybe you have some work experience that will help people to want to employ you or you are quick at the work or are prepared to do it for a low price. It is a good idea to think about what you will be able to do and how you will be able to do it in a way that will allow you to stand out form everyone else.

How to Get Paid

You will also need to think about how to get paid. Many people use Paypal because it offers security – you will not have to give your bank details to a company. Being paid by BACS could be risky.

Easy Ways to Pay Less for you Groceries

We all need to buy groceries and we might find that they do take up quite a big proportion of our monthly spend. This means that we might feel that we want to find ways to reduce how much we are paying for them. There …

We all need to buy groceries and we might find that they do take up quite a big proportion of our monthly spend. This means that we might feel that we want to find ways to reduce how much we are paying for them. There are quite a few things that we can try to help out with this.

Choose a Cheaper Supermarket

We may have a certain supermarket that we always choose to shop at. While this will help us to know exactly where the items are that we want to buy and we know that we like the food, it might be that we are paying more than necessary. Unless you are already shopping at one of the budget supermarkets, then consider swapping to one. There are quite a few that are cheaper than the rest. They may have a smaller variety of items and they may not have all of the things that you are used to buying, but it could be well worth trying them out. You could feel that the saving that you make will be worth it. Do be cautious though and do a price comparison properly because you may find that some supermarkets are not as cheap as they claim to be. It can depend very much on what you buy as to whether it is cheap or not.

Choose Own Brand Products

It can be a good idea to swap your branded goods for own brands as these will often be cheaper. This is something that some people feel reluctant to do as they like certain brands and feel that own brands will not come close to them. However, it is a good idea to think about whether you should have a try and see which brand gives you the best value for money. You do need to be careful though as on occasion the supermarket brand might be expensive. Make sure you compare the price per 100g or 100ml to get a really good idea as to how they compare.

Avoid Sales

This might seem very odd, but often the supermarket will have all sorts of sales and reduced items and it can be tempting to buy the things because they are cheaper. These are often put in places where they are really easy to spot and you will often see them and think that you need to take advantage of the good price. However, you need to think hard about what you are buying. If you buy things because they are cheap but buy them as well as everything else that you normally buy then you actually end up spending more money. If you switch brands because another is on offer, you may find that you are still paying more if your brand is cheaper. You may also end up buying more if it is a 2 for 1 offer and then consuming more so you do not end up saving money. So only buy reduced items if they are things you would normally buy anyway or if you are completely convinced that they will save you money.

Stick to a List

It can be useful to have a list as well. This should help to focus your shop so that you do not buy things that you do not need. It will also mean that you will not forget anything and therefore will not need to go back to the supermarket for those forgotten items and be tempted to buy more things that you do not need. It is important that you try as hard as you can to stick to that list as well.

Five Good Reasons to Increase Your Savings

There are some people which have large amounts of savings but other people that do not. You may wonder whether it is worth increasing the amount of savings that you have. It can be tricky though as you will have to find a way to …

There are some people which have large amounts of savings but other people that do not. You may wonder whether it is worth increasing the amount of savings that you have. It can be tricky though as you will have to find a way to get the money to enable you to do this. This could mean that you will have to find ways to earn more money or to spend less and neither is normally that simple. However, it can be well worth the effort to do this as there are lots of benefits of having more money saved up.

  • Will reduce the need to borrow – if you have some savings, then if you need money and you do not have enough in your current account, then you will be able to use what is in your savings. This means that you will reduce the need to borrow money. Although borrowing can be very useful in some circumstances you will need to think about the fact that this will cost you money and you will have to pay extra for the item because of the cost of the loan. If you can use savings instead, you will not have to pay those costs, although you will lose the interest that you would have otherwise got on the savings. It is likely that this will be less than the cost of a loan, but you will need to check to find out. Borrowing can also take time and it is not always an option for everyone. It is something which will need a good credit record which not everyone has.
  • Will have money for emergencies – if you have a sudden need for money, you will be able to use the money in your savings account. This can be a really great idea as it is usually quicker than arranging a loan. There are some savings accounts which are not instant access and this will mean that you will not necessarily be able to get your money quickly, it could therefore be wise to keep some in an instant access account in case you need it quickly.
  • Gives you peace of mind – it can be a nice feeling to know that you have some savings behind you. Knowing that there is money available for you to use when you need it, will mean that you can be confident that you will be able to cope in tough financial situations. You will be able to think about the fact that you will have that money if you lose your job or cannot work, need to replace something that breaks or something like this and you will not have to worry so much about getting money immediately for it.
  • Can save up for larger things– saving can be a useful thing to do if you want to buy something expensive. Rather than borrowing the money to buy the item, you may have some savings there that you can use towards it and will be able to add more to it so that you can save up a large enough sum to pay for it. It can be good to add to the savings regularly so that you can allow it to build up so you will have more money there if you do need to buy something.
  • Can earn interest – you will be able to earn interest on your savings in most account. There are lots of different types of savings account types that you can choose from and it is good to compare then to see what the interest rates are. You will find that they will vary but also that they will have different terms and conditions. The higher interest account may require you to leave your money in the account for a year or number of years or you might need to give notice to withdraw it. You need to check this out and think about whether you are willing to do this in order to get higher interest.
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