All EOS blogs All Spain blogs  Start your own blog Start your own blog 

How to save money in Spain

How to save money in Spain, and how to find ways to save money online. Saving money is something that we are all a bit interested in. Find out how you can stop losing money on foreign exchage and currency rates and save money on foreign exchange rates instead. Find out how you can save money by an expat financial review. Learn more about expat health insurance and how you can save money on every day living expenses in Spain. You may even be able to save money on tax, and make the most out of your UK pension

Top Saving Tips on Your Next Cruise: How to Save Money on Your Next Cruise Vacation
04 August 2017

Over 21 million people go on a cruise, or cruise vacation, every year, and many still pay top dollar for a cruise. Cruises are an excellent way to travel and see many exotic ports. A good way to describe a cruise vacation is to say you basically take your hotel with you. However, bringing your hotel with you is not always cheap even though it is a convenient way to travel. You can save money on a cruise, and with a little bit of savvy, you can save a lot of money on your next cruise. But you do need to know, what the top tips are for saving money on your next cruise?

How to Save Money on Your Next Cruise: Become a Flexible Cruise Passenger

If you have some time on your hands, you can easily save money on cruises. It is important to be flexible on both the itinerary of your cruise, and the timing of your cruise. Most cruise passengers have a certain itinerary in mind. You may want to see the Greek islands before you cruise on to exotic locations such as Israel and Egypt. But, you often find the cruise company will run a return cruise. Guess what? The return cruise to the port you wanted to start your cruise from may be cheaper. Does it really matter? You will still see and experience the same things, but you could save yourself a couple of hundred dollars. Isn't it better to save money???

Timing is important when it comes to taking a cruise vacation. If you don't mind cruising out of season, you can save a lot of money. You may think that August is the perfect time to visit European capitals, but in fact it is often too hot to walk around at this time of the year. Aim for a cruise vacation slightly out of season. Your travel agent may tell you that you get a lot of storms in the Mediterranean then, but that is not true. You get can get storms or high winds any time of the year in the Mediterranean, but surprisingly September could be the worse month.

Should I Book My Cruise Vacation in Advance or Wait for Late Availability?

Late bookings on cruises can be great value for money, the only problem is that the best cabins might be sold off. Start checking out the cruise companies that you would consider going with in advance. Take a look and see if there advance booking discounts that are as good as their late booking deals. Often advance bookings deals are better, and they may even include little extra benefits such as drinks or excursions packages.

Do a Deal with Your Cruise Company

Do you book through a travel agent or directly with the cruise company? Some argue it is better to book with a travel agent for peace of mind, but I am not sure that is true. Travel agencies do have special offers, but you can probably get a good deal by booking direct. As a matter of fact, don't be frighten of asking for a deal. Ask the representative on the phone, if he or she can give you a special deal if you book TODAY. Remember they want to fill those ships, both for their own sake and the staff that work for tips only, so getting passengers on board is vital. TODAY is the operative word if you want to get good discounts, and does not only work when you book your cruise. Try it when you are out shopping, and you will see that little five letter word, can get you mazing discounts.

Sign Up For the Weekly Newsletter

Cruise companies love sending out newsletters. The more newsletter you sign up for with cruise companies direct, or their agents, the likelier you are to get a good deal on your cruise vacation. Shop around still and make sure you are comparing apples with apples. If that the same cruise, or similar cruise, is available with an other cruise company, go for that one instead. Loyalty does not always work, but make sure you are not missing out on things like drinks packages. Get to know the value of drinks packages, and make sure the complete cruise saves you money.

Cruise Lines Loyalty Programs

Most cruise lines have loyalty programs, but they all work slightly differently. The best cruise lines loyalty programs are the ones which give you discount off your next cruise vacation and some special benefits as well. Check out the following cruise lines, and compare their loyalty programs.

MSC Cruises

Carnival Cruises

Princess Cruises

The three cruise lines cover slightly different cruise destinations, but they all have good loyalty programs. If I am completely honest, I have saved a lot of money with the MSC cruise loyalty program.

Smaller Ships – an Insiders Tip

Getting money off your next cruise can be done in all sorts of ways. I will let you in on a little secret that I have discovered in the cruise industry. Get to know the fleet of the cruise lines you would like to travel with, and you will soon find it is cheaper to travel on the smaller ships within the fleet. Princess cruise cruise line is the perfect example. They do a lot of cruises in and around Japan, and their smaller ships are always cheaper. You may have to get from Tokyo under your own steam, but you even save money after having bought a ticket on the bullet train.

Would You Like to Go to Europe for the Summer, and back Home for the Winter?

In that case, check out repositioning cruises. I spent four months traveling around the Southern US States after finding a repositioning cruise into Miami. It was great and guess what I did on my way back to Europe – I caught another repositioning cruise. Not only did I get two days in New York on my way back, but I got to see the Azores on the way out. It is expensive to travel to the Azores, and I would not have gone otherwise, but the repositioning cruise made it possible. Most repositioning cruises are great value for money as they often include drinks packages and even free excursions.

Organise Your Own Excursions

When you are on a cruise, it is easy to organise you own excursions. Read about about your destinations before you get there, and then visit locals attractions on your own. Your first stop when you get off the ship should be the local tourist office to pick up a map. But, I have also found the app Pokemon Go is a great way to find exciting places that are perhaps a little bit tucked away.

Cities such as Split in Croatia, Malaga in Spain, Venice in Italy and Lisbon in Portugal, are great places to walk around. If you don't want to walk, check out local hop on and hop off bus services. I used one in Rome, and it was fantastically cheap. If I had gone on the ship's tour around Rome, I would have paid a lot more. Now I saved $80 and could afford to splash out on ice cream by the Trevi fountain.

Finally, don't forget to download some fun apps to play with while you are on the cruise ship. Spas on cruise ships are normally expensive, and you can only make so many paper flowers. Also, your feet may be tired after a long day exploring, so you don't fancy the gym. But on a day at sea, make the most out of all the free activities.

Can you make money from cruising? You certainly can make money from cruising, and you going on a cruise vacation, and even make some investments which will pay out, but that is a different story... By the way, don't forget to check out prepaid debit cards before you go.



Like 0        Published at 18:38   Comments (0)


How to Get the Best Exchange rates: Top 3 ways to Save on Travel Money and Foreign Exchange Rates
25 July 2017

With the great British summer escape on the way, many families will worry about the cost of their holiday. Getting hold of holiday money seems to be getting more expensive every year, and the honest truth is that families do struggle to afford a holiday. Living costs in the UK keep on rising, and today, most families are concerned about keeping up with general living expenses let alone Sterling exchange rates.

In fact, the Pound Sterling exchange rate to the Euro, has never been this low. Today, you have to look around a bit harder to find the best deal for your holiday spending money. Some still arrive at the airport expecting to get a good deal, but the truth is that you never do. If you wait and change your money at the airport, you are likely to get a bad deal on currency exchange rates. When you want to get the best deal on your holiday money, it pays to do some forward planning. Shopping around to save money on your foreign vacation spending, is just as important and should be part of planning for your holiday.

Save Money with Online Currency Brokers

If you want to get a better deal on holiday money currency exchange rates, you will save money by ordering foreign currency with your local bank, or use many of the online facilities where you can in fact have holiday spending money directly to your door. Buying your holiday spending money online currency brokers such as Hifx and Asda money, is perhaps he best way of getting hold of holiday cash. Fairfx is another online currency broker that can help you. However, don't ignore the Post Office, this is still a good way to get better value for money.

Prepaid Debit Currency Cards

Prepaid debit cards, can be an excellent way to get an even better currency deal on your holiday money. New prepaid debit cards are popping up allover the place, but make sure you get the right deal for you. Most of the cards do not charge you a fee for using them abroad, but some of them may charge you for withdrawing money when you are in the UK. The most common currencies available are euros and dollars, but you can also get them in other currencies. They are an ideal way of getting a good currency exchange rate, and on top of that, prepaid debit cards, is a good way to budget. You can even upload cash through the year on your card. Learn how to take advantage of favorable exchange rate, and load your card up when they are in your favor.

Companies which offer prepaid debit cards are Caxton FX, Travelex, and Fairfx. Also check out the ICE card. Their exchange rate is sometimes a bit lower, but they don't charge you anything for withdrawing cash.

Prepaid debit cards are also safe to use. If they get stolen, all you need to do is to cancel the card, and the company will issue a new one. Travellers cheques used to be very popular, however, prepaid debit cards have now taken over.

Should You Pay in Sterling or Local Currency on Your Holiday or Vacation?

It is always best to pay in the local currency even though a lot of stores, and even restaurants abroad, now offer payment in your own currency. There are a few problems associated when it comes to paying in your own currency. Your bank may charge you fees for doing, and they can quickly add up. Secondly, most of the time you are not in control of the exchange rate. If a retailer suggest you pay in your own currency, it is better to say not, and pay in the local currency instead. Especially if you have a prepaid debit card handy, or enough cash.

Finally, watch out for cash machines abroad. The charges associated with drawing cash from your UK bank are not always clearly explained, and ti can get expensive fast. You are better off making sure you have enough cash with you, getting a prepaid debit card or ensuring you know what your bank is going to charge you. The problem is that it may not be your own bank applying hidden charges, it could be the foreign bank which cash machine you are using.

Saving costs money when it comes to your holiday cash, can be a bit of a mine field. Make sure you understand how much your holiday cash is going to cost you before you travel, and it could be a good idea to make the arrangements as soon as you book your holiday.

 



Like 0        Published at 19:29   Comments (0)


How to Save Money in Spain: Top 5 Easy Saving Tips
15 July 2017

When you live abroad, and have to manage on a limited budget, or a retirement income, you really need to know how to make the most out of your money. Some folk living here in Spain have the most genius ways of doing so. I have just been enjoying a Chinese meal with a couple of ladies from our golf club, and they have come up with some cleaver money saving ideas which we should all take away of. They are easy to use, and you will be able to use almost wherever you live in Spain.

Saving Money with Chinese Food

Most of us long term Spanish residents know that you can save a lot of money by choosing to eat out a Chinese restaurant. They offer some fantastic menu del dia options, and the meals are relatively healthy. Honestly, you have to ask yourself what you have got to lose. The ladies who I have been speaking to never leave a Chinese restaurant without a take away. I have never thought about doing that myself, but today I did order a Chinese take away of the menu before we left. I paid 5.50 euros for a rather big serving of Chicken with Gong Bao sauce. There is certainly enough food there for two people.

Vouchers and even More Vouchers

Don't be shy about using vouchers. I used some vouchers recently in a supermarket and ended up getting enough washing powder to last me until the end of the year. I had a money off voucher for Euros 3.29, and then a further voucher off for washing powder for one euro. I could not believe it when I walked out of the supermarket with a brand name detergent, and ended up paying just 4 euros. It may not sound like a lot, but it all matters. In fact, my vouchers paid me back again. When I got to the till, I was issued with another voucher for discount on fabric softener on my next shop.

Stop Worrying About Picking Up Supermarket Special Offers Magazine

Don't assume that Lidl and Aldi have got the best special offers. My Spanish friends always go through the supermarket magazine or leaflet, and check out what offers are available. You can save a lot of money this way, and the secret is often to shop on a special day of the week, or during the month. Stock up on special offers, and make the most out of the offers. Freezer bags are not that expensive, and you can certainly save a lot of money by stocking up your freezer when things are on offer.

Saving Money at the Spa

Some of the top hotels have spas attached to them. The owners of the spa know that summer is going to be the busiest time for them, so they often put together special offers. You may not be staying at the hotel, but that does not mean that you cannot visit the spa. If you are lucky, the spas will post their special offers online. However, if they don't post their special offers online, pop into the local tourist office, you may find that they have lots of special offers around. I have just picked up a special spa offer, and it is two for one at a local 5 star spa. Nothing like a little treat.

Is Foraging Okay in Spain?

If you have ever taken a walk in the Spanish countryside during July and August, you will have noticed that nature can help you to save money as well. I am not sure what you are paying for goodies like blackberries in the supermarket, but the likelihood is that you are paying a lot. Blackberries are during July and August, and each evening when I take my dogs for a walk, I pick about 250 grams. The same would cost me at least about 3 euros in the supermarket. If you enjoy a fruity breakfast, you can save yourself at least 15 euros a week, by picking blackberries this time of the year.

 

More than anything, share your saving tips with others. So many of us know how to save money, and we do save money, but may not talk about it. We worry that we may sound poor, or a bit tight. That is something that you should not even consider. It is only by talking to others, you really learn how to save money.

 

 



Like 0        Published at 16:48   Comments (0)


How to Save Money Shopping Online in Spain: Top Tips for Saving Money Shopping Online in Spain
30 June 2017

Can you save money shopping online in Spain? You certainly can save money by shopping online in Spain. There are several online shops in Spain which are really good. Before I sign up with a web shop, I always check out a couple of things. For instance, do they accept Paypal? It does not matter what anybody says to me, Paypal is still the best way to pay for goods and services online. It is not the best way if you want to transfer money to yourself if you are concerned about foreign currency exchange rates, but it the best way to pay.

Save Money with Groupon

Looking around the internet, you will find that companies such as Groupon are available in Spain. In fact, the Spanish Groupon service is very easy to use, and the products are very good as well. Can you save money by shopping on Groupon? You certainly can, and you will find Groupon has a lot of special offers on brand names. It is certainly worthwhile signing up for Groupon in Spain. The site sends out a regular newsletter with some great saving deals.

Save Money on Medication, Vitamins and Beauty Supplies in Spain

Another good online shop in Spain is Mifarmacia. I have used the service a couple of times now, and I find it excellent. You will find that many of the top products are available at discounted prices on Mifarmacia. What I really like is that you can find products from companies such as Boots and Weleda. All of the products are delivered to your front door by MRW, and normally within 48 hours. I have saved rather a lot of money on this site, and I love the fast delivery service.

Spanish Catalogue Shops – Save Money Quickly and Easy

What about Spanish catalogue shops? The most popular ones are La Redoute and Venca. I have shopped with both and I have saved money. When you sign up with La Redoute you get a sign up bonus off your first shop. It is normally around 20 euros and you will find that they have some great deals. If you are looking to buy bedding, this is one of the best sites and you can save a lot of money. Ideal site to shop on if you have a holiday villa in Spain.

Venca is also very good. Sign up for their newsletter, and you will get a special codes which gives you a first time discount of 10 euros. The clothes are good on Venca, and you will find that you can get some good deals. Both sites offer payment by Paypal, and the delivery is quick as well. I have never had cause to return anything, and quality seems good on both sites.

I have become rather keen on shopping online in Spain. You will find that some other well known brands such as Benetton and Springfield also offer online shopping. If you look around, you may even find that some items are cheaper than in the shops. I bought a dress online with Springfield. Instead of paying 30 euros for my dress, I paid only 20 euros. Shopping online is all about saving money at the end of the day, and we all like saving money.

 



Like 0        Published at 16:41   Comments (0)


How to Save Money Shopping Online in Spain: Top Tips for Saving Money Shopping Online in Spain
30 June 2017

Can you save money shopping online in Spain? You certainly can save money by shopping online in Spain. There are several online shops in Spain which are really good. Before I sign up with a web shop, I always check out a couple of things. For instance, do they accept Paypal? It does not matter what anybody says to me, Paypal is still the best way to pay for goods and services online. It is not the best way if you want to transfer money to yourself if you are concerned about foreign currency exchange rates, but it the best way to pay.

Save Money with Groupon

Looking around the internet, you will find that companies such as Groupon are available in Spain. In fact, the Spanish Groupon service is very easy to use, and the products are very good as well. Can you save money by shopping on Groupon? You certainly can, and you will find Groupon has a lot of special offers on brand names. It is certainly worthwhile signing up for Groupon in Spain. The site sends out a regular newsletter with some great saving deals.

Save Money on Medication, Vitamins and Beauty Supplies in Spain

Another good online shop in Spain is Mifarmacia. I have used the service a couple of times now, and I find it excellent. You will find that many of the top products are available at discounted prices on Mifarmacia. What I really like is that you can find products from companies such as Boots and Weleda. All of the products are delivered to your front door by MRW, and normally within 48 hours. I have saved rather a lot of money on this site, and I love the fast delivery service.

Spanish Catalogue Shops – Save Money Quickly and Easy

What about Spanish catalogue shops? The most popular ones are La Redoute and Venca. I have shopped with both and I have saved money. When you sign up with La Redoute you get a sign up bonus off your first shop. It is normally around 20 euros and you will find that they have some great deals. If you are looking to buy bedding, this is one of the best sites and you can save a lot of money. Ideal site to shop on if you have a holiday villa in Spain.

Venca is also very good. Sign up for their newsletter, and you will get a special codes which gives you a first time discount of 10 euros. The clothes are good on Venca, and you will find that you can get some good deals. Both sites offer payment by Paypal, and the delivery is quick as well. I have never had cause to return anything, and quality seems good on both sites.

I have become rather keen on shopping online in Spain. You will find that some other well known brands such as Benetton and Springfield also offer online shopping. If you look around, you may even find that some items are cheaper than in the shops. I bought a dress online with Springfield. Instead of paying 30 euros for my dress, I paid only 20 euros. Shopping online is all about saving money at the end of the day, and we all like saving money.

 



Like 0        Published at 16:41   Comments (0)


Top Tips On How to Save Money on Your Villa Holiday in Spain: Save Money on Villa Rentals in Spain
21 June 2017

Self-catering holidays in Spain are still very popular. Sure, lots of people are beginning to snap up all inclusive deals in places like Thailand, but many families still travel to Spain and rent a holiday villa. When you start taking a look at self-catering villas in Spain, you may find they do not come cheap. For a lot of families, a self-catering villa in Spain can represent a major investment, but there are ways in which you can save money.

Car Rental in Spain

There is no way of getting around it, you will need a car for your holiday villa in Spain. You should never go for the first deal you come across online, and you should not go back to the same company you used last year without checking their prices first. Lots of visitors to Spain, presume the company they used last year may give them a better deal. This may not be true, so it is worth shopping around.

Should you use comparison some car rental web sites? It is actually better to stay away from them if you can. You will find the vast majority of car rental web sites, have an affiliation with a particular car rental company. It may even cost you more to book your car hire on a car rental comparison web site. Checking out individual companies is a much better idea. Keep all of the results in a spread sheet so you can quickly find the best deal. Also, make sure the terms and conditions are right for you. Some companies really do try it on when it comes to charging for a second named driver or try to charge you for insurance upgrades.

Eating Out in Spain

When we are on holiday in Spain, we may just enjoy eating out. Most of the time eating out in Spain is cheaper than in the UK, but you still need to watch your pennies. It can work out expensive for a family of four to eat out in Spain. After you have arrived at your destination, you may want to check out the local restaurants to see if they have any special offers. It will also be cheaper to eat mid day and enjoy a menu del dia, but many of us cannot tear ourselves away from the pool.

One way to save money on eating out is to check out the local press. Weekly papers such as the Round Town News and the Euroweekly may have money off coupons, and advertise special deals. Both options can save you a lot of money.

Downloading local apps such as McDonalds and Burger King is another good idea. If you just want to have a quick meal, food apps in Spain can save you money as well. Some of the freebie tourist guides may also have special offers available.

Saving Money on Supermarket Shopping in Spain

Lots of visitors to Spain tend to use the top supermarkets in Spain such as Mercadona and Carrefour. Lidl and Aldi are actually more expensive than their UK equivalents, and it could be better to take a look at other supermarkets. Mas Y Mas and Dia are two Spanish orientated super markets which can save both save you money. You may even want to sign up for their loyalty cards when you are in Spain. Both supermarkets issue discount coupons and they can be used against purchases. Take a look at their special offer publications and you will soon spot the best offers.

Things You Should Bring From the UK On Your Villa Holiday to Spain

Some drugs are more expensive in Spain, and if you think that you may need paracetamol or ibuprofen, it is a good idea to make sure you bring them. There are also some other things that are expensive in Spain. If you enjoy your morning cup of tea, it is cheaper to bring your favorite tea from the UK.

Another essential which is more expensive in Spain is washing powder. Bring quality washing powder such as Ariel or Bold Two in One from the UK, and you will save a lot of money. Ariel capsules and Bold work well in Spanish water. A lot of the water around the coasts of Spain, now come from desalinated water. Super markets generic washing powders may not work so well, and as you are likely to wash clothes which could be sticky from sun tan lotion, it is a good idea to opt for quality. Lenor unstoppables is an excellent scent booster for Spanish desalinated water and is easy to pack. Ladies should also remember to bring female hygiene as buying brands in Spain can cost a lot of money.

Yes, you can save money when you enjoy a self-catering villa in Spain. It may not feel that important to you at the time, but it could be a better idea than letting the credit card take the strain.

 

 

 



Like 0        Published at 12:51   Comments (0)


How to Save Money in Spain: The Importance of a Funeral Plan in Spain
05 June 2017

Anyone living in Spain should consider investing in a funeral plan. There are still a lot of ex-pats living in Spain who do not have funeral plans. It may not seem important to you at the moment, but it is in fact very important. Recently, I found out how important it can be to have an expat funeral plan, or funeral insurance, in Spain. A friend of ours mother died with a wish to leave her body to medical science. The problem started when the hospital asked for an unexpected 1000 euros. It turns out donating your body to science in Spain is no longer for free.

Dying Without a Funeral Plan

First of all, this was money the family did not have. They had not expected to have to pay anything for donating the body to medical science, and the request for payment came as a great big surprise. At the time, the family did not have access to any extra funds at all, and did not even money to cover the wished for memorial service. If a prepaid funeral plan had been in place, a lot of stress could have been avoided. As it was, a local crematorium helped out and friends rallied around to get the money together.

Are Prepaid Funeral Plans in Spain Good Value for Money?

The question is – do you want this to be your legacy? It is much better to accept that anything in life, and in death, costs money and you may as well accept. When you look at funeral plans, they may initially seem expensive, but in fact, some of them are very good value for money. If you like, it is your chance to take a little bit of hassle out of the situation and you may make it easier for the family and friends you leave behind.

Dying Without a Will or Funeral Plan in Spain

I know funeral plans are a morbid subject, but sometimes it is better to face facts. You may not have any living family in the UK or Spain, and what happens when? If someone does not have Power of Attorney of your estate, you may find that even your money will be taken by the government. Dying without a will or a funeral plan, is still not that unusual. It happens a lot. The problem can easily be rectified.

Find the Right Funeral Plan for You

When you look for a funeral plan, you want make sure it suits your needs. Don't sign up for the first one which comes to mind. Take a look at a few and compare notes. Most importantly, make sure that it is a funeral plan which will ensures that you money is safe. After all, if there are no funds available when you die, your family will still be in the same situation. There are plenty of funeral plans available, and try to look at as many of them as you can.

Power of Attorney, Wills, Funeral Plans or Funeral Insurance

Of course, you can save up the money, or put the money aside for your funeral. In that case, your wishes need to be written into your will and you need to leave the money with someone you trust. A person with your Power of Attorney is a good idea if you are single and living in Spain, especially if you have no immediate family available. One another thing could be worth pointing out, you may want to make sure your funeral plan, or funeral insurance, covers you for wherever you die. Some of them do, and you want to make sure you sign up for a plan, or funeral insurance, which suits your needs.



Like 0        Published at 18:34   Comments (0)


How to Deal with a Bank Complaint in Spain In a New Savvy Way
09 May 2017

Spanish banks are not the most user friendly companies, and many of us living in Spain are only too familiar with the problems that dealing with a Spanish bank can cause. As always, you should complain, but perhaps it could be worth while taking a different approach.

I am not really sure what goes wrong with Spanish banking, but I think that one of the biggest problems with Spanish banks, is their customer service attitude. They seem to forget that they actually have a customer base, and without their customers, they would not actually be in business. Often when I hear of a bank complaint, it seems that the bank in question does not care at all. This does not help, but you can turn it to your advantage with a bit of savvy.

Spanish Bank Charges

The most common problem with Spanish banks, seems to be bank charges. All of a sudden, your bank starts to notify of new charges which have not been charged to your account before. Of course, the next day you are in the bank complaining, and the normal response is that the bank has sent you a new contract. Really? Most of the time they have not, and even if they have done so, you should have signed the contract and had it explained to you. Actually, your bank should have called you into your bank, and explained the new range of account options. And no, what they are doing is not legal AT ALL.

How To Get Your Money Bank

How do you get your money back from your bank? Most banks would like you to write to their complaints department. As we all know, this may not work too well and they have a tendency not to respond. When they respond, it is not normally in your favour. You just end up becoming frustrated and annoyed, and the bank will tell you to write to the Spanish Bank Ombudsman.

This is where stuff becomes really complicated, and you may end up spending a small fortune on getting a lawyer involved. The fact is that you can even end up throwing good money after bad money.

The truth is that you may be better off making a case out of the problem yourself. Spanish banks hate bad publicity, and they really don't want you to give them bad publicity. I would not threaten your bank with bad publicity at all, I would just go ahead and give them a bad review on a relevant website. The trick is to send them the link to the review, and let them know what you are doing. Continue to annoy them, and you should get a result. Remember that it pays to be persistent. Yes, it is costing you time, by why should they be allowed to get away with it.

Does the Method Work?

I have been through this process a couple of times now with various friends and it is surprising how well it works. Name and shame may be something new to Spain, but it seems to work. Yes, the banks get a little bit “nasty” at times and threaten you with various things. I just tell them that they don't seem to have any commercial sense, and that I will be happy to continue to tell others.

 

By the end of the process, you may even find that you have a better working relationship with your bank, and they may even have learned to respect you.

 



Like 0        Published at 16:22   Comments (1)


Pensions Advice for Expats: Retirement Investments
28 April 2017

If investing in a pension plan is not your sort of “thing”, it would be a good idea to check out the alternatives on how you could best invest for your retire income. Many of us are now beginning to think that actual pensions plans are not such good investments when it comes to retirement planning. Part of the problem is that politicians have messed around with pension rules a lot, and now the entire market is beginning to look less attractive to investors ans savers. Also, are young people going to be able to afford to invest in both a pension and a home? Buying a new home is expensive enough these days, and many young people are not going to be able to buy a home and invest in a pension plan. So, what are the alternatives?

Foreign Exchange Rates

If you are interested in investing part of your income on the foreign exchange rate market, it may be a good idea to look into offshore banking. Not only do offshore banks offer better rates of interests, but many of them are also very flexible when it comes to allow you to trade in different currencies. You may be able to move your money around different currencies much quicker when you have an off shore bank account. You may not want to move your money more than once a year, but is always a good idea to keep your eyes in the foreign exchange rate market.

Stock and Shares

Do you want to invest in the stock market? The stock market can be a very risky place, but at the same time, you can make a really good profit by investing in the stock market. Hiring a stock broker is one way of doing it, but you could learn how to trade yourself as well. There are a number on sites online which can help you, and point you in the right direction. It is called self investing and has made a lot of people a lot of money. Just make sure that you do not risk all of your capital when making your investments. There are plenty of online sites where you can receive good advice and you may even want to check out Youtube.

Property Market

The first thing you want to do is to pay off your own mortgage. Once you have done that, there is no reason why you cannot look into buy to let. It is a good idea, but make sure you invest in a good area. Buying a buy to let property abroad may not be the best investment. It would be better to invest in a country like the United Kingdom to make sure you get a good return on your investment.

We do tend to be a little bit worried about investing on our own without using a financial adviser, but it is one of the best way to make the most out of your money once you have learned how. That knowledge is not going to come over night, and you may have to study a bit. Above all, don't be frighten of offshore banking and foreign currency exchange rates. You will be pleasantly surprised when you discover how easy it is to be your investment adviser, and invest on your own. Remember to start with small amounts, and never invest more than you can afford. More than anything, learn the importance of saving money. 

 

 



Like 0        Published at 16:34   Comments (0)


How to Maximize Your Retirement Income: Top 10 Tips on How to Make the Most out Of Your Pension
24 April 2017

Once you retire, you are more than likely to want to worry a bit less, and enjoy life to the fullest. For some, that is not very easy to do as they have not looked after their retirement capital and may see a lower return on their pension pot than they would have thought. This is really the time of life when you want to make sure that you have spare cash, and a good retirement income, will ensure that you can enjoy life.

1 Be An Active Pension Planner

Don't sit back on your laurels and assume that you are going to have enough money to live on in your retirement. Things change all of the time in the world of finance, and it is a good idea to complete your own pensions review. It is worth remembering that investments go up as well as down, and you need to stay on top of things to make sure that your retirement investments are in the right places.

2 Don't Rely On One Source

You should not rely on one source, or income revenue stream, when it comes to your pension. Today, the financial markets are much more volatile, outside changes such as new governments taking over, may influence your pension investment. Investing in stocks and shares is not a bad idea at all, but income from stocks and shares should never be your only income when it comes to your pension.

3 State Pension

If you are fortunate enough to be able to access a State Pension, you should by all means do so. But, in the years leading up to your retirement, you should check on your State Pension. Are you going to receive your entire entitlement, and have you paid in enough to your State Pension? If you have not paid in enough to receive your entire State Pension, it might be a good idea to check if you can top it up. Make sure that it is a cost effective option, and that your entire pension investment planning will benefit from your decision.

4 Work Out How Much You Need

Something that a lot of pensioners forget about is to work out how much they need. It is easy to presume that you are going to have enough money to cover your daily living expenses, and to go on on all of those holidays that you would like to take. Could it be a good idea to angle your investments to your personal needs? You may for instance want to have one particular investment which will cover your daily living expenses, and then another one which will cover the fun stuff such as going on cruises.

5 Keep Paying Into Your Pensions

If you do have a personal pension plan, you should try to keep paying into it as much as you can afford. Private pension plans are based on the idea that you will be buying an annuity at the end of the plan. There are other options now, but for most people pension annuities are still the best way to ensure they have enough income in their retirement. Most pension annuities are easy to contract, and you will find a good range of them out there. The amount of money which you have been able to save in your pension plan, will set the limit for the pension annuity that you can afford to buy.

6 Pay Off Your Debts

If you have debts nearing retirement, you should be absolutely honest with yourself about them. Hopefully you will have paid off the mortgage, but you may have credit cards or loans outstanding. Make sure that you know how much you owe, and then sit down and think about how you can pay it off. Don't be tempted into things like loan consolidation. It sounds great, but most of the time it works out very expensive. Stop spending on your credit cards if you have a balance at the end of every month, and settle your loans. You can even ask for a loan settlement.

7 Switching Your Pension

Should you have been involved with several workplace pensions schemes during your working life, it is a good idea to take a look at them. Most people tend to ignore their workplace pensions once they have left the company, but they are doing so at their peril. Of course, most companies don't want you to remove your pension, but it is a good idea to switch if you are not getting the best return on your pension. Modern pensions are often cheaper to run thanks to new technology, and you should really find out if you can put your all of your workplace pensions in the same pot. It is one way of boosting your retirement income for when you finally retire.

8 Investing in Bricks and Mortar

Investing in bricks and mortar is always a good idea but it should not be the sole capital for your pension investment. Remember that the housing market can crash as well as the stock market, and only invest in bricks and mortar after having checked out the additional costs. You may have to borrow the money to purchase the investment, and then you will also have maintenance. But, this could be a good route to go down if you like to rent out a property. Allow the rental income to build up, and use it towards your pension. You may even be able to pay it into a pension scheme, or put the money into a trust. When you are approaching your retirement, consider selling your bricks and mortar investment, and put additional income in a special scheme. This could be your cruise budget!

9 Private Health Plans

Is it a good idea to invest in a private health plan? It could be a good idea to invest in a private health plan. When you get older, you are likely to suffer a few health problems, and it is often cheaper to start to pay into a private health plan when you are younger. Many of them offer excellent terms, and with so many national health services around the world in crisis, private health plans could be a worthwhile investment.

10 Save On Tax

Smart tax planning is an essential part of good financial retirement planning. It is all too easy to assume that the tax man is going to be nice to you when your retire, but he may not be nice to you at all. Seek the advice of professional financial advisers and make sure that the company you use, are qualified to hand out advice. Many companies are only after earning commission, and may not have the best ideas. If you are not comfortable with your financial adviser, you should immediately step away.

Finally, are you accessing all of your benefits? Check if you are entitled to any special benefits. It could be that if you are looking after the grandchildren, you may even be entitled to Grandparents Credit, or discount on your council tax. Remember that if you don't ask, you don't get. Asking questions and staying on top of your pension planning, is what is going to make your retirement more enjoyable. Being able to afford to do the things that you would like to do, is after all what a retirement should be all about. A good place to get advice if you are British, is to contact the Government's Pension Wise service by calling 0800 134 3944. You can also learn more about this service by taking a look at www.pensionwise.gov.uk.  



Like 0        Published at 13:14   Comments (0)


Spam post or Abuse? Please let us know




This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x