If you are looking to replace your old car and want to save some money this could be the scheme for you.
The UK’s car scrappage scheme is to be extended, Lord Mandelson has announced.
He said the scheme, which started in May and gives consumers £2,000 off a new car if they trade in one at least 10 years old, was running out of money.
The business secretary broke the news, called for by the car industry, in his speech to the Labour Party conference.
He said “we cannot do everything but that does not mean doing nothing” and said the scheme would be extended to cover 100,000 more cars and vans. The £300m initiative had been due to end in February, or when the limit of 300,000 vehicles being scrapped was reached.
Research in Ireland has found that women tend to be better than men at saving money. Of course, such ‘data’ will likely fuel the old ‘it’s official, women are better than men at something else – add that to the list above driving, multi-tasking and smelling nice,’ argument that has been muttered, countered, and accepted since the dawn of time. Yet, it also shows something more positive, i.e. that a nation also looks to be battling its way out of recession quite successfully – and that more people may now be aware of the importance of savings.
The research (collected and available at postbank.ie) shows that more than half (58 percent) of men and women asked in their Quarterly Savings Index consider the female of the species to be the better savers. Women themselves are confident that they the most frugal gender, with 65 percent claiming that they were the best savers. Yet, the actual statistics pitch men and women closer together – with 80 percent of men and 82 percent of women saving regularly – whilst men are said to put more away, with a third of those asked stating that they saved €250 a month.
The data is a good sign. The number of people devoted to saving is the highest in years, and the primary reason for doing so is security. This is a fact that is evident when one acknowledges the average decline in interest rates across the country – similar to that which is being seen in the UK and the rest of Europe – but it has also been backed up by nearly half (49 percent) of the Postbank respondents who admitted they were concerned about the safety of their money at a time when possible unemployment is a lingering reality.
However, the risk of unemployment is clearly not the only reason that many are eager to put some money away each month. Clearly the system is showing its worth aside from the benefits of interest available at times outside of recession. With a small proportion of our income being deposited into our savings account automatically, it is easier to forget it is happening, and less easy for us to spend it without thinking. There is a barrier that doesn’t exist when you’re stuffing cash into your mattress.
With the global economic crisis, the public are seemingly reassessing the importance of saving and how it can best be managed at a time when it is seen as both difficult and vital. However, alongside each individual’s assessment of their own responsibility and that of the banks over their savings, such control no doubt has a knock on effect on how they treat their finances generally.
I got my renewal for household insurance a few days ago and finally got around to doing something about it today. What an eye opener!! The letter from the broker stated that it was the best offer available so I decided to do a little shopping around to check.
By chance I got a letter the same day from Churchill Insurance as we have our car insurance with them. They were offering a great rate and a saving of £70 on our renewal quote. I called to check the details were OK for running my small business from home. The customer service assistant was very helpful and as it was such a good deal I signed up to pay in instalments.
When I went to cancel my insurance I was told that they could maybe do something for me and came back with a quote £60 cheaper than originally. This made me really annoyed, if they were honest in the first place and given me the best quote they would still have my business, as it is I have made the move!
Always shop around before signing up for any insurance to make sure you are getting the best deal possible. Try shopping around at one of the many comparison sites.
With the weather changing I thought I would write a quick post with some of my favourite rainy day activities that don’t need to cost the earth. I have linked to some websites for you so you can get lots more ideas but the 3 below are my favourites.
Homemade play dough
This is really easy to make and the making is part of the fun. Try and split the dough into a few pieces if you have more than one child and they can each make their own colours. It keeps well in a sealed container in the fridge, you may need to knead it and add a little more flour when you take it out.
Your will need:
3/4 cup of salt
1 cup of flour
1 tablespoon of oil
3/4 to I cup of boiling water from the kettle.
Mix the dry ingredients together and add the water. Start with 3/4 of a cup of water and add more as required. Add a few drops of your favourite colour to the water or you can knead it in later if you want a few different colours.
There are lots of sites with templates for you to use. I would suggest starting with little people or snowflakes and see how it goes! Paper aeroplanes are also ever popular.