Friday, June 5, 2009
Category:
Consolidation
To help people find out just what their money management style is, Norwich and Peterborough Building Society (N&P) is launching an online survey to assist people in establishing what kind of money managers they are. Advice is also offered in a bid to help them gain a greater level of control over their hard earned cash.
In conducting their research, N&P identified three groups of money managers – ‘in control of money’, ‘on top of money, could do more’ and ‘money controls me’. By answering ten, quick, online survey questions, individuals can discover which category they fall into and can then read appropriate tips for improving their current approach to money management. Such tips include short-term and long-term measures alike.
Head of customer marketing at N&P, Debbie Britton, commented: "We understand there are more exciting things to do than sort out your finances, but in the current climate it's really important that you do everything you can to ensure you're as in control as possible. Our research showed that people are worried about managing their money at the moment, and even if they can take just one helpful hint on board it will be ten minutes well spent."
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Homeowners that are looking re-organise their finances but have several personal debts to contend with may wish to consider taking out a debt consolidation loan to tie these up. One of many options to
consolidate debt, a debt consolidation loan could leave the borrower with just one, simple monthly repayment as opposed to several. In addition, total monthly outgoings could potentially be lowered. When taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
