tag:blogger.com,1999:blog-6619758432015327397.comments2020-10-28T07:54:34.827+00:00Live Well on LessMatthttp://www.blogger.com/profile/00796452354395711526noreply@blogger.comBlogger103125tag:blogger.com,1999:blog-6619758432015327397.post-45884641325191382572018-10-09T10:21:06.659+01:002018-10-09T10:21:06.659+01:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-72594475120710666792015-02-24T00:29:26.382+00:002015-02-24T00:29:26.382+00:00Man, I really love this because I have often heard...Man, I really love this because I have often heard it said that one should only invest in what they know but the reasons why had never been put into such layman terms like this before. I'll be the first to admit, that I very often have invested outside of my inner circle and have found time and again, that it's when I invest in what I truly know, that I see the best results. I think I may do my own write-up on this principle, on my blog page over at http://www.pennystockdream.com where I often work on showing readers random ideas I have come across in researching financial issues. Definitely looking forward to ringing this to everyone's attention.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-33132392763254552672015-02-14T23:51:49.056+00:002015-02-14T23:51:49.056+00:00yes this has happened to me. I had a payment going...yes this has happened to me. I had a payment going out of a credit card for a news letter which I soon lost interest in( the news letter that is) . I couldn't get this stopped, in the end I cancelled the credit card, but first I had to pay off the card in full.leehttps://www.blogger.com/profile/08816000504121096153noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-59424767082838731502013-05-23T13:24:10.849+01:002013-05-23T13:24:10.849+01:00That's worrying Edward, although I think what ...That's worrying Edward, although I think what you call direct payments is different to what we have in the UK. It wouldn;t surprise me though if the whole thing became one worldwide in our lifetime though.Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-65486391471515654432013-04-05T16:12:30.547+01:002013-04-05T16:12:30.547+01:00I have some real horror stories with direct paymen...I have some real horror stories with direct payments. I was still paying the balance on a Bank of America card when the account was closed down. When it was time to switch banks, I couldn't cancel the payment! They wound up overdrafting my account by several hundred dollars before I was finally able to get it straigtened out.Edward Antrobushttp://www.edwardantrobus.comnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-92005798038559865472013-03-28T11:58:16.798+00:002013-03-28T11:58:16.798+00:00I'd forgotten about being able to specify an e...I'd forgotten about being able to specify an end date. It's a very handy feature, and can prevent overpayments.Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-70784872984947149832013-03-27T11:54:21.540+00:002013-03-27T11:54:21.540+00:00Without doubt, standing orders are preferable for ...Without doubt, standing orders are preferable for regular payments. You can set up monthly (or whatever intervals you want) payments and then you don't have to worry about forgetting them. You can also set an end date if required, so you don't risk making too many payments. As you said, standing orders have an advantage over direct debit as customers, and not businesses, are in-charge. Pay Your Wayhttp://www.payyourway.org.uk/noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-15829446365708374162013-03-21T10:03:36.955+00:002013-03-21T10:03:36.955+00:00One must keep track of time value of money he inve...One must keep track of time value of money he invests during the entire pension plan. Minus the payments.best annuitieshttp://annuitymarketplace.wordpress.com/2013/02/09/what-is-an-annuity-rate/noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-77211453743146019702013-03-03T11:14:47.126+00:002013-03-03T11:14:47.126+00:00Such bollocks. 40% is bloody too high >_< Pe...Such bollocks. 40% is bloody too high >_< People shouldn't have to pay tax twice, but if they do it shouldn't be so much the second time. And £325,000 isn't what it use to be anymore. I like the new rules regarding annuities though. Anything that gives more options to me when I retire just means I can be more flexible with my financial planning. I hope we adopt something similar. In Canada, as of now, you have to convert your entire pension pot (RRSP) into an annuity by the year that you turn 71. Wait, I didn't know an annuity expires when you die. So if you're a widow and cashed in your pension worth 100,000 quids to buy an annuity, then you pass way tomorrow, does the £100,000 remain with the annuity company or does your living heirs get a piece of it? Liquidhttp://www.freedomthirtyfiveblog.comnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-60432818717982255212013-03-01T18:37:19.208+00:002013-03-01T18:37:19.208+00:00I've been looking into personal pensions and w...I've been looking into personal pensions and was horrified to read that between 14-14% of the value of your pension pot is eaten up by annual fees: http://news.bbc.co.uk/1/hi/business/8276369.stmKaren Bryanhttp://www.helpmetosave.com/noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-54629349392665110072013-02-22T16:01:27.017+00:002013-02-22T16:01:27.017+00:00Cheers, I'll skip reading it and take your wor...Cheers, I'll skip reading it and take your word for it then!!Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-25728901643209901612013-02-21T15:32:41.087+00:002013-02-21T15:32:41.087+00:00Yes - it's like a checksum - here's the li...Yes - it's like a checksum - here's the link:<br /><br />http://www.vocalink.com/media/300578/vocalink_-_validating_account_numbers_v2.50.pdf<br /><br />It's the sort of thing you would read if you suffer from insomnia thought ;)Edhttp://www.eazycollect.co.uknoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-33975987834201923542013-02-19T20:58:54.418+00:002013-02-19T20:58:54.418+00:00People are daft in general, if they weren't Ei...People are daft in general, if they weren't Einstein wouldn't have been so special! <br />When I worked for Barclaycard, there was a scam being run where people were debited £30 every month to vodaphone, (the real company is vodafone with an "F"). <br />As there were only 4 networks in the UK at the time, it worked a treat, and I often took calls from people who hadn't realised the scam for many months, sometimes longer, simply because they only gave their statements a cursory glance each month.<br />The more I think about it, the more it occurs to me, these are people with some surplus so they don't worry about, or check their balance too frequently, and don;t account for every penny going out of their account. Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-44499647997282760312013-02-19T20:52:49.927+00:002013-02-19T20:52:49.927+00:00When you say modulus check, is that similar to the...When you say modulus check, is that similar to the checksum in credit card numbers? i.e.(for those who don't know), the account number is fed through a mathematical equation and if it comes out with the wrong answer, the account no. is flagged as invalid.<br />I didn't know they did that with bank account no.s, and find that reassuring as it at least adds a layer of protection.<br /><br />As for people missing money, it's easily done when you're busy and you've got lots of it. Certainly as a well off youth, I never checked my bank statements and rarely my balance even. I didn't need to, as I knew I had plenty stashed in there. These days I'd spot a couple of missing quid!!!Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-86356358309609801862013-02-19T15:34:37.982+00:002013-02-19T15:34:37.982+00:00I don't understand why people don't have c...I don't understand why people don't have common sense when they do this. It makes sense the way you did it by testing the transfer first before going through with the whole amount. Many banks do that over here before they allow you to transfer money out to another account.Grayson @ Debt Rounduphttp://www.debtroundup.comnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-5265850730626313542013-02-19T10:13:32.185+00:002013-02-19T10:13:32.185+00:00Hey Matt
Again, another great post outlining some...Hey Matt<br /><br />Again, another great post outlining some of the UK's different payment methods! I found the £26,000 transfer story pretty unbelievable to be honest; how could someone go so long without spotting that the money wasn't hitting the account? Working in the payments industry, I still cannot fathom people who seem to think that bank accounts manage themselves.<br /><br />In theory, at least, the wrong single digit in a bank account/sort code should lead to the account modulus check failing at input. In this instance, the receiving bank was Nationwide who seem to have at some point run out of numbers in the 070116 sortcode, so introduced two sets of modulus checking - Mod10 and Mod11, so a single digit error could flag as a correct number. I'd therefore warn people to double check Nationwide numbers carefully, and the Co-Operative bank that only seems to modulus check on the account and NOT the sortcode. <br /><br />Fascinating stuff, and a word from the wise to double and triple check the destination sortcode and account number :-)<br /><br />EdEdhttp://www.eazycollect.co.uknoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-10595146869674751192013-02-15T11:54:58.574+00:002013-02-15T11:54:58.574+00:00Yes, I worked in several call centres including Ba...Yes, I worked in several call centres including Barclaycard before they shipped the work over to India instead. And yes it has done wonders for my communication skills, but they are such cr*ppy places to work, I wonder why I put up with it for so long - apathy and lack of self confidence I guess. Still, I've climbed up the career ladder a bit now, so I don't do that anymore. Now I'm a marketing manager, which basically means I get to surg the internet all day...Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-33048913446324019332013-02-15T11:50:18.378+00:002013-02-15T11:50:18.378+00:00Yes, I don't understand why people don't k...Yes, I don't understand why people don't know the difference either, as it's quite important. I guess it's just widespread ignorance, which makes my next post about continuous card authorities all the more relevant, as many people are just not aware these exist, let alone that they may have one on their own card.<br /><br />Regarding the DD guarantee, you are right, although from experience working in customer service call centres, the word "indemnity" is often the trigger word that changes things for people, so I would still encourage people to use that term.<br /><br />Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-60481053554250713552013-02-14T10:06:02.494+00:002013-02-14T10:06:02.494+00:00I have a few direct debits through my bank. Not su...I have a few direct debits through my bank. Not sure if we have these 3 rules written out in Canada as I usually don't read the fine print, but they seem like good guidelines for any bank to follow. Wicked you worked at a call centre. Great opportunity to improve a person's communication skills I would imagine :0) I heard some call centre representatives fancy getting the holiday shifts because they get paid more, but don't receive as many calls.Liquidhttp://www.freedomthirtyfiveblog.comnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-75590982973201863532013-02-14T09:10:03.796+00:002013-02-14T09:10:03.796+00:00That's something I'm discovering now...lol...That's something I'm discovering now...lolMatthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-77243500170660308992013-02-14T09:00:48.111+00:002013-02-14T09:00:48.111+00:00It is surprising how many people don't know th...It is surprising how many people don't know the difference between a Direct Debit and a Standing Order. The DD is more flexible but control of dates and amounts is put in the hands of the organisation that you're paying, whereas with SO you have total control, but much less flexibility.<br /><br />One minor point from your article: You state to quote an 'indemnity claim'; strictly speaking this is incorrect. You need to state that you want to reclaim under the Direct Debit Guarantee. The indemnity claim is what happens behind the scenes where your bank will reclaim indemnity from the organisation's sponsoring bank and subsequently the organisation's own bank account.<br /><br />Ed. Edhttp://www.eazycollect.co.uknoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-89072780730427214912013-02-13T16:56:40.282+00:002013-02-13T16:56:40.282+00:00Thanks for the mention! I think it's interesti...Thanks for the mention! I think it's interesting you used to view round ups as lazy posts, because I view them as much more challenging than just writing something. They require doing a ton of reading and diligent bookmarking. :)Gen Y Finance Journeyhttp://genyfinancejourney.com/noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-52629942231297641102013-02-11T10:51:40.903+00:002013-02-11T10:51:40.903+00:00Sounds like you need to use wi-fi more for your da...Sounds like you need to use wi-fi more for your data use. I use this app to find free wifi when I'm out and about - http://www.jiwire.com/wi-fi-finder-android and I do certain other activities, such as caching my local area with google maps - this does 2 things for me, it reduces my data use, and also means I still have access to the map when I get no signal. <br />For other apps, such as newspapers, I set them to update about 7am via wifi when I get up, so I can read the news on the bus to work, without wasting more data again...<br />Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-28535964185824603752013-02-10T14:44:20.313+00:002013-02-10T14:44:20.313+00:00In my opinion buying is always the best option. Th...In my opinion buying is always the best option. The market will come round sooner or later. Maybe later rather than sooner, but people will always need a place to live. And if you own a home and can rent it out, to said people who always need a place to live, then you will be able to generate cash flow.Samantha@CreditCardShoppehttp://www.creditcardshoppe.com/noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-76316746894164972272013-02-08T19:05:37.441+00:002013-02-08T19:05:37.441+00:00Thanks for sharing, very useful information for ev...Thanks for sharing, very useful information for everyone. I used buy my phone without looking any of these. But after using three months I realized that I have spent 1000$ only for my data usage. So, after that I always look for phone with huge data scheme.Home Pagehttp://colley-law.com/noreply@blogger.com