Saga Health Insurance: Older people less stressed - Published:23/10/07
A new review has found that people become less stressed as they get big, partly because they have fewer money worriesResearch by Saga suggests that youthful Brits are more stressed than people old over 50 due to financial pressures, such as buying a first homeOver two-thirds of Brits in their late teens and early 20s worry a lot about cash, while only a fifth of the over-50s feel the same burdenAndrew Goodsell, Saga chief executive, supposed: "It's well documented that many of today's baby-boomers have never had it so high-quality"This learn clearly shows that they are also the most relaxed and dispels the sight that many have a mid-life crisis when they reach their 50s"A Harris census found that less than one in ten Americans over 60 experienced a lot of pressure, compared with 29 per cent of adults in.
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99% Of Credit Cards Use This Dire Trick - Published:17/10/07
If you already be acquainted with what 'payment hierarchy' is, skip to the table below to see the four credit cards that have fair conditions For those who don't know what I'm talking about, I'll explain nowWhen you have more than one kind of debt on your credit card (eg a balance transfer, a purchase and a cash removal, what order are they paid off in In other words, what is the 'sum hierarchy'A 'positive sum hierarchy' is when you repay the most luxurious debt first, ie the one with the highest interest rateWith a positive sum hierarchy, you pay off the cash withdrawal first, so your most expensive money owing is being empty earlier Then you pay the next most expensive, the purchase And lastly you clear the 0% balance transfer This way, you disburse the least interest possibleWith a negative disbursement hierarchy, however, the reverse is true You disburse off the 0% debt first, whilst your purchase and cash withdrawals stay on the credit card racking up loads in extra interestnowadays I trawled through the small print of 300 credit cards Of these cards, just four (1%) had a optimistic payment hierarchy, and one a semi-positive perhaps) That means 296 (99%) had the nasty unenthusiastic payment hierarchy This explains why so many credit cards present 0% balance-transfer deals, because the card providers hope you'll employ the card for purchases and withdrawals toois 179% APRrarity donation of £6 to Comic Relief when you first use the certificate, then 05% of all purchasesNationwide is probably the industry head when it comes to fair terms in contracts All three of its credit cards continue to have a optimistic payment hierarchy The only other card I could find was Saga's, although it doesn't present a 0% deal, just 59% on equilibrium transfers for six months, for which you are still charged a fee (2%)There is another card that appears to be semi-positive: ASDA's Credit Card It looks as though it's positive if you put on't do any cash advances (which include such things as moving back cash or gambling) However, the details weren't clear in the little print, so be wary (as always)As a little sideways, The Fool always vigorously suggests that you put on't use your credit certificate for cash advances, because there is no interest-free period and the interest rate is always very highThe data I sifted through for this article was from Moneyfacts It was dated July, but there has been no change in the market since then that would prompt providers to get better their terms Even so, before captivating any card, make sure you check the sum order A positive order should read something like this in the small print:'expenditure in excess of the minimum are practical to the highest interest rate bearing balances first, ahead of those that attract a lower interest speed' (Taken from countrywide's terms and conditions)The 300 cards I searched are the vast majority, but if you know of any others with a positive hierarchy, please let me know inquire Fools on our Credit Cards & Loans discussion board if you're unsure about any terms and conditionsSoon I'll mark about three strategies that allow you to avoid negative payment hierarchy, which will leave you even better off than using the above credit cards© Copyright 1998-2007, The Motley Fool incomplete All rights kept This material is for personal use onlyPlace of Reg: England & Wales corporation Reg No: 3736872 VAT Reg No: 735 7818 01 Registered place of work: 30 Great Pulteney Street,.
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Insurance papers vital for holidaying drivers - Published:30/10/06
The majority of British drivers don't take significant documents such as car cover papers and driving licences with them on their foreign holidaysThis is in spite of the fact it is illegal to force abroad without essential insurance paperworkAccording to a survey carried out by insurance supplier Saga, 59 per cent of those questioned supposed they had driven or had been driven overseas in Europe without all the necessary insurance travel permitHowever, the survey revealed that an adequate insurance policy might be of even greater significance when trying to drive on foreign roads The survey found that reading road cipher and maps proved one of the most difficult belongings for 37 per cent of travellers and a least one in five admitted they round it hard to remember which method to go around a aroundaboutSome driving holidaymakers experience problems with their vehicles before they even go away the UK, with people missing flights or ferry departures because of violation downA good car insurance rule could help cover emergency repairs and pick-ups, reducing the stress of leaving on holidayAndrew Goodsell from Saga also urges drivers to plan their routes in advance and make sure passengers are happy to read maps and find the way the journeyHe also adds that compulsory driving licences and cover papers should.
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