Monday, February 23, 2009
Category:
Personal Finance Tips
As the credit crunch bites even harder, Cheshire Building Society is urging couples to avoid letting financial pressures adversely affect their relationships by talking freely about their finances this Valentine’s Day.
As couples nationwide cut back on their spending as a result of the recession, Cheshire Building Society has offered some words of advice to enjoy a romantic Valentine’s Day without breaking the bank.
Firstly, rather than spending an undetermined sum on presents for one another, why not agree on a budget to stick to. Not only will spiralling costs be avoided but you may also get the opportunity to exercise your creativity!
Secondly, rather than spending a small fortune on dining out, have a go at cooking your partner’s favourite meal. This will save the pennies whilst also adding that personal touch to the evening.
Thirdly, take advantage of Valentine’s Day falling on a Saturday by venturing out to local attractions such as museums or art galleries that tend to be free of charge.
Fourthly, if the weather turns out to be dry and bright then a romantic walk in the park with a flask of nice hot soup wouldn’t go amiss.
Finally, as an alternative, set aside the money that you would usually have spent on presents in order to save up for a lovely short break together.
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Homeowner couples that are feeling the strain and are looking for a solution to their financial difficulties may wish to consider taking out a secured loan. One of many options available, a secured loan could be used to
consolidate those existing debts, such as credit and store cards. A debt consolidation loan could replace confusing, multiple repayments with just one simple, potentially lower, monthly repayment. Available to homeowners over the most suitable term from 5 to 25 years, it must be remembered that consolidating debts may increase the amount paid back overall and extend the repayment period of debts.
