Monday, January 26, 2009
Category:
Secured Loans
According to new research by cahoot, the currently challenging economic environment is bringing loved ones closer together.
It would seem that an increasing number of us are now opting to spend more time with the family in a bid to share or reduce our daily expenses. The approach would appear to be worth-while as it is thought that Britons could save a massive £18 billion, which equates to £408 per person by sharing the cost of living with each other.
The research revealed that 39 percent of Britons admit to spending less time socialising and more time with those closest to them. An additional 19 percent have said that they are now engaging in more family mealtimes in an effort to share the cost of food and cooking.
18 percent disclosed that they are watching less television so as to minimise electricity and subscription costs, whilst 6 percent are plumping for more traditional ways of passing the time such as playing board games, or in the case of 2 percent, knitting.
Saving electricity is not the only money-saving method for some, judging by the revelation that one in ten UK households have commenced sharing bath water with family members as a means of lowering their energy bills.
Matthew Timms, Head of cahoot, commented: "Interestingly it seems that the credit crunch is breeding something of a Blitz spirit amongst British households. Staying in really has become the new going out as we seek to cut costs by conducting more shared activities inside the home with family and friends. cahoot online baking allows it's customers the convenience of 24 hour internet banking, with secure e-mail contact and texts alerts, you really can meet all your banking needs without having to leave the house."
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In a bid to make energy-savings, homeowners may wish to consider carrying out some
home improvements to protect against the seemingly never-ending cold spells that we have been experiencing of late. One of many options available to fund home improvements, a secured loan could finance large scale projects such as re-roofing a property or replacing windows and doors in order to retain heat more efficiently. Secured loans are usually repayable over a term to suit the borrower from 5 to 25 years.
