Category Archives: News of the World

News of the World: Money Expert on Savings & the Greek Crisis

The problems in Greece are weighing heavy on Europe; the worry is that Greece will be Dracula and suck the lifeblood out of the Euro, or they will go Drachma – returning to their own money. For now, they remain the focal point of almost every financial worry at present worldwide. At we are getting calls from clients on a daily basis who are worried about their savings, wondering if their money is safe, and they ask us what they should do in order to protect themselves.

News of the World: Irelands Money Expert on ‘buying houses’

Irrespective of what you may read or hear, there are property transactions occurring. According to the CSO the price drops are about 40% from peak. The amount of mortgage lending may is down 90%, if you are a Rothschild at heart then the adage ‘when there is blood on the streets, buy land’ is ringing in your ears., Irish News of the World’s ‘Money Expert’ on alarms

Sometimes financial decisions are not about saving money, but about spending money to avoid loss. This is what much of insurance is, it is acknowledging a risk and taking a step to mitigate that risk at an appropriate price. In finance fund managers do it all the time and call it a ‘hedge’, which is where the term ‘hedge fund’ came from. Today we are going to take this down to the more simple scenario of protecting your home and looking at the cost of doing this.

News of the World: on Credit Cards

CREDIT cards can be a godsend and a curse. I have a friend who doesn’t have one, so I used to wonder how he booked flights or bought anything online. Recently I discovered his secret — he just lets his wife put it all on her credit card, clever man.

News of the World: Taxing times, all about the Revenue Commissioners.

The headline this week is from the famous quote that ‘the only sure things in life are death and taxes’. We have looked at death in the past from the perspective of Life Assurance, this week it’s about taxes – and more importantly, what to do if you can’t pay them or if you are not sure about your taxes. The good news is that the Revenue Commissioners in Ireland are a fairly effective bunch and the people there are well briefed and effective (this is no surprise as their duty is to make sure everybody pays up!). Revenue are well aware of the state of the economy, and that business

News of the World: Money expert on fixing your finances (week 3)

Ask anybody ‘what would you do with some extra money?’ and you’ll get a lot of different answers, but this week it is your turn to decide. Because over the last three weeks we have shown you how to take a snapshot of your financial situation then how to use that as a blueprint in finding ways to save money. Without too much effort an average savings of €2,000 is possible simply by re-jigging some of your spending patterns, so where to from there? In finance there is a hierarchy that advisors tend to adhere to and in rank and order it is as follows: Protection, Investment, Savings, Retirement planning and Mortgages. in the Irish News of the World

In last weeks instalment we started by asking you to set up two things, firstly was to fill in a ‘standard financial statement’, this is now the foundation of your budget, the second was to start a ‘spending diary’. These two items will form the twin pillars of changing your wealth.

News of the World: Getting wealthy (first installment) 25th April 2011

THE saying “Give a man fish and you feed him for a day, teach a man to fish and you feed him for life” is a useful way to look at personal finances. After all, there are plenty of people who can tell you what to do, or give you advice to get you through the next day/week/month, but it isn’t nearly as powerful as being able to take control of your own cash.

News of the World: Standard Financial Statement

A ‘Standard Financial Statement’ (the MABS version) is available in this link. You can download it as part of the first step in getting control of your finances back on track via our weekly News of the World column! in News of the World on home energy and heating

When it comes to avoiding petrol price hikes, many of us can cycle, take the bus or walk instead of driving. It’s the other big energy uses in most households — heating and light — that aren’t always so easy to cut back on. Heat loss occurs through ceilings, walls, windows and because of inefficient heating systems. Ceilings account for the biggest waste at about 40 per cent, while walls are about 35pc.