Personal finance credit cards

Personal finance: 6 rules too simple to ignore

6 personal finance rules that are too simple to ignore It’s so easy to get defensive about personal finance – it’s a touchy subject for most people, so few of us are willing to open up to the possibility that what we’re doing isn’t working and that’s ultimately the straw that breaks the camel’s back.…

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How we help our customers save around £300 a month

Are you a homeowner struggling with high interest debt repayments? Then this is for you. One of the things we always find ourselves saying here at Basik Money is “yes, it is absolutely possible.” There seems to be some sort of misconception in the UK about lending. If the high street bank doesn’t accept your…

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Best Budget Apps to Download Today!

Tired of living paycheck to paycheck? We understand saving money, investing and keeping on top of your spending habits can feel like a mission, but it doesn’t have to be that way. If you’re known for spending more than what is in your account, you need to download one these best budget apps. Not only…

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How to Manage Money Like a Pro!

If you’re looking for ways on how to manage your money, or you’re struggling to pay off multiple debts, then you have come to the right place. Your years in school are spent learning algebra, close reading, carrying out chemical experiments and being able to name the popular cities of Spain, but nobody teaches you…

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buying a used car uk

Our Handy Guide to Buying a Used Car

The cost of vehicles is ever growing, reason why buying a used car in the UK can save you a great deal of money. According to AA, new cars lose 40% of their overall value after the first year. Scroll down to read our step-by-step guide to buying a used car!   USED OR NEW…

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how to get out of debt

How to Get Out of Debt: the Fast Way!

Are you tired of being in debt? We’ve put together a step-by-step guide on how to get out of debt, fast!   To eliminate debt, you need a plan of action, which will include some little lifestyle adjustments. That’s why we’ve put together a list of steps you can take to rid your debt once…

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how do secured loans work

How do Secured Loans work?

Secured borrowing is a great way to raise money when you’re struggling to do it yourself, but how do secured loans work?   What is a Secured Loan? A secured loan is money you borrow which is secured against an asset you own – normally your home. You can access cheaper rates plus pay back…

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BIGGEST MORTGAGE MISTAKES

Biggest mortgage mistakes that are costing you!

Do you know the biggest mortgage mistakes? You should know these before owning a home! Owning a home is a big deal, literally. It will be one of the biggest commitments you’ll ever make in life. While looking for a home can be exciting, it can also be a little overwhelming. With so many homes…

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50 easiest ways to boost your bank account!

Do you want to know the 50 easiest ways to boost your bank account? Consider this page your saving grace 🙂 It appears the price of everything – from your shopping list to your utility bills – is increasing by the year, which makes it so much more crucial to save as much money as we…

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top holiday destinations in europe

Top Holiday Destinations in Europe to visit!

Looking for the vacation of a lifetime? Why not visit these top holiday destinations in Europe! We can all agree it’s been a long and unfriendly winter. With summer making its entrance in the next few months, it’s understandable we can’t wait to feel the sun on our face, sand under our feet and the…

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Creating an Effective Budget

Our Handy Guide for Creating an Effective Budget

Taking control of your finances can seem a little daunting, but it’s a lot easier than you think. Putting aside the time to take a good look at your finances can go a long way, especially if you’re in a sticky situation with things such as paying back debt. We’ve put together a handy guide…

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20 ways to save money that’ll blow your mind!

It’s fair to say that one of the greatest challenges in life is figuring out ways to cut down on your monthly expenses, but it’s also one of the top ways to save money. If you want to save money but have no clue where to start, we’ve got you covered! We’ve put together a…

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best rewarding credit cards

The Ultimate List of Best Rewarding Credit Cards!

The debate about credit cards – whether they’re good or bad for us – is happening as we speak. Truth be told, credit cards only cause problems if you misuse them. You can actually earn money from them, which is why we’ve put together the ultimate list of best rewarding credit cards. There are loads…

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top ways for making more money

How To Jump Start Your Money Making Journey!

Looking for ways to increase your bank balance? We’ve listed the top ways for making more money! Keep in mind, some jobs are easier than others, but you can be guaranteed there’s a job in this list that will make you some easy money. So, what are you waiting for? Get scrolling!   ONLINE SURVEYS…

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best cars for 2018

Best Cars for 2018: they’re worth the wait!

Over the past year we’ve saw an outstanding burst of new cars, especially in the SUV and crossover range. If 2018 is the year you buy your first car or maybe you’re looking to upgrade, then you have come to the right place! We have put a list together of the best cars for 2018.…

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improve your credit rating

Our Top Tips to Improve your Credit Rating!

Everybody should make the effort to check their credit rating frequently, since it can influence whether you qualify for a credit card, mortgage, secured loan and so on. You can check your credit rating for nothing. If you find your credit rating isn’t good, there are steps you can take to improve it. Scroll down…

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mortgage bills

WARNING! Homeowners face £500 added to mortgage bills!

For the past few weeks, news reports have been blowing up our mobiles and tv screens due to a rate rise that will take place in a couple of months. Now, reports are warning homeowners facing a £500 increase on mortgage bills. Since the Bank of England announced that the Monitory Policy Committee (MPC) are…

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protect your income

Do you want to be financially secure? This is how!

How long could you stay financially secure if you experienced a sudden drop in income, or worse, lost your income altogether? Could you make your money last over a few weeks? Maybe a few months? Could you cope for a full year? Generally speaking, majority of people wouldn’t manage more than one month if they…

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13 best paid jobs

13 best paid jobs in the UK this year!

Are you one of the thousands of people who are currently seeking out the best paid jobs, but have no idea where to start looking? You have come to the right place! Glassdoor – one of the world’s largest online job sites – conducted an analysis of the best paid jobs in the UK for…

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7 mistakes you are making with your Credit Card

7 mistakes you are making with your Credit Card

Your credit card can be a vital money tool when it comes to your finances, if you use them properly that is. If you are responsible with your credit card and don’t go bonkers with it, you can benefit from having one. They can help to build your credit rating and you can even receive…

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clear your debt

9 easy ways to help you clear your debt!

Tumbling into the world of debt can be so easy, but it’s the getting out part that’s tricky, which is why we have come up with 9 easy to help you clear your debt. Have you ever taken a good look at your finances, and ended up regretting it because you know how far in…

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behind on your bills

Behind on your Bills? Here’s what to do!

If you are behind on your bills and are struggling to find a way to fix the problem, then you have come to the right place. Being behind on your bills can be tough and can definitely put a damper on your mood. People often find it hard to keep up with their payments because…

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no to credit cards

Why you should say ‘No’ to Credit Cards

While credit cards may be a useful tool financially, there are various reasons as to why you should stop using them or at least minimise the amount you have. Credit cards can be good for building credit, fraud protection and other benefits. However, if you become irresponsible with your credit cards it can lead into…

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credit card ban

HMRC Ban Credit Card Tax Payments from January 2018

As of 13 January – two weeks before the 31 January deadline for submitting self-assessment tax returns – HM Revenue and Customs (HMRC) are to ban credit card tax payments, meaning that those who were planning on completing their annual tax returns with this method now have to find another way to raise funds to…

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declined finance

Refused Credit? Here’s why!

Whether it’s buying a home, going on holiday or clearing your debts – some people need that extra bit of help from the bank to raise some finance, but it can be utterly disappointing when that help gets turned down. Studies have shown that many Brits across the UK are uncertain as to why they…

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money-savingg

Easy Ways for Saving Money in 2018

If you are serious about saving money, then perhaps these easy money saving options will help you reach that goal. You would be surprised at how beneficial these options can be, as they can help push you to make the right decisions and save you a great deal of money. Unless you somehow manage to…

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drop in income

Dealing with a Drop in your Income

Dealing with a sudden drop in your income can be alarming and a bit stressful if you did not have a good hold on your finances, but there are ways that you can get around this. Before we dive into what steps you should take when this happens – we are going to give you…

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open banking

Open Banking: What it means for you

Open Banking is being considered one of the big changes to happen in 2018, but what does it really mean for you?   Before… It was always the same. When you set up an account with your bank, all of your past purchases, payments, loans etc is held with them. Your information and data are…

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remortgaging

Remortgaging: Why you should consider it!

Your mortgage is possibly your biggest financial commitment, and remortgaging your property is a convenient way to raise capital if you are struggling with debts, or if you are simply wanting to renovate your kitchen or purchase a new car. First, it is important to understand the reasons why people decide to remortgage, which is…

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poor credit rating

5 Factors that cause a poor Credit Rating

Having a good credit rating is important. It’s the first thing lenders look into when deciding to offer you a loan, and if you have a poor credit rating, you are less likely to receive approval. There are ways that can help you improve your credit rating, but first things first, let’s take a look…

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secured and unsecured loans

Secured and Unsecured Loans: What to know

When it comes to taking out a loan, there are several types to choose from, but two of the most common types of loans that people decide between is secured and unsecured loans. To understand which is the better option for you, you need to recognise the differences between the two loans.   Unsecured Loan…

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first time buyer

First Time Buyer: Mistakes to Avoid

Being a first time buyer can be scary, but owning your own home can feel like such an accomplishment. Being able to say, “This is my home. I own it.”, is thrilling. Which is why it’s SO important to plan for your mortgage carefully. By avoiding these common mistakes, you will be on your way…

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clear your debt

Ways to Clear your Debts this year!

Being in debt is never enjoyable, but starting off your new year being in mountains of debt has got to put a damper in your mood. Here are a few steps that you can take to clear your debts for good:   Identify your Debts It sounds boring, we know, but identifying what you owe…

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borrow from family and friends

Should you be borrowing from Friends and Family?

People tend to think that borrowing from friends and family is far better than applying for a loan elsewhere. Which, in a sense, is true. However, you may wish to consider the following;   Longer repayment period Borrowing from friends and family is less pressuring than borrowing from a bank. You never know, whoever you’re…

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Why Debt Consolidation is a must

The Ins and Outs of Debt Consolidation

If you have multiple debts that you are struggling to keep on top of, you can consolidate them into one single monthly payment at a more affordable rate. When it comes to debt consolidation, it is best to understand the ins and outs before making a final decision. We have put together this small blog…

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Life Insurance and why you should apply

Life Insurance and why you should apply

What if a day came that you could no longer provide for your family? What if something happened to you during your earning years, and your family had to cover costs with no money to do so? That’s where Life Insurance comes in. Many people do not have Life Insurance because: It’s too expensive! I’m healthy and/or…

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raise some finance

What you need to know about Secured Loans

A secured loan is a better option for homeowners if they are looking for a long-term finance that will cover everything from improving their home interior to paying off credit card debts. These loans are more ideal as larger amounts can be borrowed, have a longer repayment period and have greater flexibility. Homeowners are more…

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