Don't automatically renew your travel insurance
Many people across the UK automatically renew their home insurance, car insurance and travel insurance for example without ever considering the consequences. Aside from the fact that many do not even consider looking around for better rate, what is the point of renewing your travel insurance if you do not have a holiday booked this year or next?
While it may sound crazy to the vast majority of the UK population, there are significant numbers of people across the country that automatically renew their travel insurance even though they may not be able to afford a holiday in the short term. This is literally throwing money away at a time when every pound counts and every saving can mean the difference between financial distress and a settled future. The old adage "look after the pennies and the pounds will look after themselves" is something which sounds very trivial but in reality can make a significant difference.
If you're looking to save money on your monthly and annual budgets you need to start somewhere and a few pounds here and a few pounds there will in due course make a significant difference. Automatically renewing any insurance without considering the consequences or alternatives on the market is crazy in any situation let alone the current economic downturn.
Share this..
Related stories
Is AOL set to ditch social networking site Bebo?
It is believed that Internet giant AOL is looking at potentially closing its social networking operation Bebo which was acquired for USD850 million back in 2008. Despite the fact that social networking sites have increased in popularity over the last few years, it would appear that Bebo has been left behind and potentially starved of investment funding. Initially it is believed that AOL was lookin...
Read MoreNAPF ask 101 questions about new pension regulations
07/11/2014 The National Association of Pension Funds (NAPF) has called the new pension regulations into disrepute by releasing 101 questions about “unresolved issues” the pension reforms have posed. The questions are based around the new pension regulations, which will be implemented in April and aim to increase savers flexibility. NAPF believe the Government has not given enough inform...
Read MoreLehman Brothers Europe short of $8 billion
It has been revealed that PwC, the administrator for the Lehman Brothers European business, has requested the return of $8 billion from the company's US parent. In a rather bizarre way of controlling cross company funding it appears that funds associated with all areas of the empire were returned to the US on a daily basis and placed on deposit by the US head office.
PwC has been t...
Three quarters of self employed men have no pension
31/10/2014 Less than a quarter of self employed men in the UK have any form of pension, official figures from the Office for National Statistics shows. Only 22% of self employed men had any kind of personal pension in 2012/13, which was down from 62% in 1996/7. The amount of self employed men with pensions was at 35% in 2005/6. This is in stark contrast to the rise of the amount of peop...
Read MoreLord Myners attacked by City leaders
Leaders of some of the U.K.'s largest banks, financial institutions and investment funds are now calling for Lord Myners, the UK government minister for the City, to become more active in pushing through his new proposals rather than lecturing the City on a daily basis. Those who follow the financial markets in the UK will be well aware that Lord Myners has issued many new initiatives, comments an...
Read More