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How to stop mindless shopping

19-11-12 09:19

Shopping, whether it’s for clothing, food or random beauty products, can quickly become an impulsive, emotion releasing habit. Let’s imagine you see a fairly nice coat with 50% off and you buy it, although you already have twenty warm enough coats in your closet. We’ve all been there. Mindless shopping can temporarily satisfy you, yes. Maybe for a month, maybe for a week, maybe for an hour. But it can also lead us to spending much more than we can afford, causing lots of stress and worry about our finances.


If as you’re reading this, you’re feeling guilty about that unnecessary purchase you just made or if you consider yourself stuck in the trap of shopping for fun - below are some useful tips that can help you become a more conscious buyer.


Make a wish-list.

When shopping, it’s a good idea to create a list of things you genuinely need. This can be kept in a notes app on your phone so that you can refer to it easily when need be. If you find yourself contemplating on getting an item, ask yourself: Is it on the list? If not, do I really need it? This will give you time to think twice on what it is you’re buying.


Analyse any purchase.

Before going to the counter, not many people think about how useful the product will be for them. It’s important to consider if you’ll even make use of it often and, if you will, how often? What will you use it for? How long will it last? Is it worth the money? The main thing to concentrate on is whether you’re buying it for the quality and not the quantity. If you do this beforehand, you’ll find that you’ll very likely end up spending less.


Understanding your necessities and priorities.

Recognising what you value most in life and focusing on it makes it much easier to prevent overspending. Things like food, shelter, basic utilities, childcare and transportation are some of the main things that would be of prime concern. Thinking like this will also help you save money for what it is you want most when you look at the bigger picture. Perhaps you want to travel, upgrade your home or buy a new car; whatever it is, consider how your spending can affect these goals.


Know what triggers you personally.

We are prompted to shop for all different kinds of reasons; boredom, low self-esteem and entitlement are just a few. Something as little as buying a new lipstick or a new pair of shoes is enough to better your ‘bad mood’ for a while. However, sometimes when we experience emotional turbulence, it can encourage us to feel like we deserve to spend money on ourselves. Of course, everybody is deserving of a treat every now and then, but it’s knowing that you don’t need to get a whole new wardrobe!


Plan to shop.

If you plan your shopping ahead of time, you have more time to figure out your purpose and what you are really in need of. Before shopping you should always determine what you intend to buy and how much you plan on spending. This way you should avoid making impulse buys. Your list can range from food items, to Christmas gifts, to new house decor - just make sure you know before you go.


You probably realise that the excitement of whim shopping never lasts. Hopefully these tips will help you to control the urge to buy something just because of a sale offer or because it looks pretty. Saving and having the money to buy things you genuinely need will be much more beneficial to you in the long run.


For more tips on how to save money or if you wish to apply for a loan, please visit https://tangerineloans.com


Pay Day Alternative

19-11-07 10:26

What is a payday loan?

A payday loan is the term given to a type of credit that a person may take out with the intention that it will be paid back to the lender on their next payday. Payday loans usually come with a higher repayment interest than a regular short term loan.

What is a payday loan used for?

Payday loans are usually taken out to cover someone financially until their next payday. There could be a number of reasons for needing a payday loan, but the most prevalent is so that a person can cover an emergency cost that they wouldn’t have otherwise been able to afford with their remaining monthly budget. An emergency cost could be anything from having to repair a broken-down car to replacing a washing machine.

How do Tangerine loans differ to payday loans?

At Tangerine, we can offer you an alternative to a payday loan. We connect people to loans that range from 3 months, up to 36 months. You just need to decide on what time period enables you to comfortably pay back your loan.

How do I apply for a loan with Tangerine?

Applying for a loan with Tangerine has been made simple so that we are able to quickly provide you with a decision. By clicking the ‘Apply Now’ button, you will be redirected to our application form. Here, you will be asked to provide a few personal details, the loan amount you require, the time period in which you are looking to borrow for and the reason for your loan. After you have submitted your loan application, we will put you in touch with a lender who agrees in principal to offer you a loan. Our service is completely free of charge!

When applying for a loan, lenders may look at your credit score as part of the application process. It is recommended that you check your credit report and score prior to making an application for credit so that you can make sure that what is on there is accurate. You can use our FREE* credit reporting tool Credit Knowledge today to check your score! Please note that we offer a free 14 day trial* - after which you will be charged 19.99 per month.

Am I eligible to apply for a loan with Tangerine?

To apply for a loan with Tangerine, you will need to be a current UK resident with an active UK bank account, over the age of 18, earning £800 per month or above, and be employed. 

Before applying for any type of credit, you should make sure that you are able to afford to pay it back to avoid causing serious money problems.


Personal Loans

19-11-06 10:50

Life can throw unexpected things our way, and this could involve making a purchase that we are not prepared for. A personal loan can help with covering the cost of anything from a new washing machine to an unforeseen bill. A personal loan can aid you by covering this unexpected cost up front, leaving you able to pay it off monthly in more simple and manageable payments that you otherwise would have.

What Is A Personal Loan?

A personal loan is a type of credit that you can apply for that is for personal use, rather than business or commercial use. A personal loan can be either secured or unsecured. A secured personal loan is one which is secured against an asset of yours that is of value, for example your car or house. Furthermore, an unsecured personal loan is not secured against any assets, but the loan amount you are offered will be dependent on your income and personal circumstances. Generally, personal loans are unsecured, but you may be offered a secured personal loan if you have a poor credit score and credit history. This just provides the lender with some security and reassurance if you were to ever be unable to repay the loan but your asset, (e.g. car or home), may be repossessed if you don’t keep up your repayments.

If accepted, you will receive your personal loan in full, and then you will have arranged to pay it back with interest in instalments over an agreed period of time.

What Is A Personal Loan Used For?

A personal loan can be used for a multitude of reasons; whether this be a loan to purchase a new car, to pay some unexpected bills, to carry out some home improvements, or to pay for a wedding. The reasons for use of a personal loan are endless!

How Much can I Borrow With A Personal Loan?

As we mentioned before, a personal loan can be either secured or unsecured. Unsecured personal loans are usually for a smaller amount, generally under £25,000. A personal loan will generally need to be secured against your assets when the loan amount required exceeds £25,000.

What Are The Benefits Of Getting A Personal Loan?

Firstly, you will agree with your lender how much you are able to pay over a set period of time. This enables you to make smaller, more manageable repayments each month, and allows you to budget the rest of your finances. With a personal loan, you may be able to borrow more than you would with a credit card. If your credit card only has a small credit limit and you are looking to borrow more, a personal loan may be an option for you. Also, if you have multiple debts that you are paying off individually, a personal loan is an opportunity to group all of these repayments together into one lump sum. This enables you to pay one amount every month rather than several separate payments. If your loan agreement specified a fixed rate, then you can rest assured that you will be paying the same sum every month and the interest won’t vary.

Things To Consider Before Applying For A Personal Loan?

Firstly, you need to consider whether a personal loan is the right option for you and if the repayments are something that you can comfortably afford to pay each month.

Also, you may be paying a higher interest rate than what is advertised. If you have a less than perfect credit score, lenders may still offer you a loan, but at a higher rate of interest than what their example originally stated.

If you would like to check your credit score before you apply for a Personal Loan, Credit Knowledge offers a FREE trial in which you can see a thorough breakdown of your report. Find out more here.

Getting A Personal Loan With The Loan Tree

Here at The Loan Tree we can help you apply for a personal loan by using the information you have given to us, to provide you with an instant decision on which of the lenders on our panel has agreed in principal to offer you a loan.

By clicking on the button below, you can use our free broker service to apply for a Personal Loan today.



Halloween on a budget

19-10-30 11:08

Halloween on a budget

 

  1. Decorations… Don’t buy them, DIY them.

Most people love Halloween and turning your place into a fright fest is all part of the fun. But where is the fun in spending a fortune on a day that only occurs once a year? Get your creative juices flowing this Halloween and have your home looking creepily good without store-bought decor. If you think you’ll be bored doing it alone, have your little trolls and goblins join in too! You can get some great inspiration from many Youtube videos.

 

  1. Get inventive and make your own costumes.

Halloween is an open invitation to be, and dress up as, whoever or whatever you want. While this freedom may be exciting, it can be difficult to decide on who you want to show up as. Some Halloween costumes can be ridiculously expensive, which is why it’s great to get out the needle and thread and make your own costumes from scratch. Also, don’t underestimate shopping second hand - charity shops have some amazing deals!

 

  1. Buy sweet treats in bulk.

‘Trick or Treating’ is probably the most exciting thing about Halloween for the children and if you often get a lot of them knocking on your door then it would be wise to buy your sweets in bulk. Remember - the bigger the bag, the cheaper the cost per sweet! Another good idea is to make goody bags that you can just hand out at the party or to trick or treaters.

 

  1. Host a Halloween party with friends to save money.

Hosting a party is a lot of work and can be expensive, so to avoid overspending this Halloween - organise a party with friends. This way each person can contribute and perhaps one person can provide the food, the other can provide decorations and one friend can throw the party. With some teamwork, everybody saves money and can have a fun evening while staying within your budget.

 

  1. Keep it simple.

You don’t have to spend lots of money to have an impressive party, just pick your theme and stick to it. Try not to go too overboard with buying party supplies, get the basic essentials but style them well; choose from the classic colours of oranges, greens and purples. Remember, less is always more.

 


If you’re interested in applying for a short-term loan, click here >>>



Short-Term Loans

19-10-30 09:54

What is a short-term loan?

As the name suggests, a short-term loan is a type of credit that is to be taken out and repaid within a short period of time. Short term is usually seen as anything that is less than 12 months, but the loan term is dependent on the lender. Predominantly, short-term loans are taken out for a period between 3-6 months. If you are looking to borrow credit for longer than 12 months, then you should seek a more suitable loan option such as a personal loan.

How does a short-term loan work?

When applying with The Loan Tree for a Short-Term loan, we try and make it as simple as possible for you in finding you the most appropriate lender. Firstly, you will need to fill in our application form online. The application form will ask you to fill in your details and provide us with information on how much you would like to borrow and how long for. We will then check through our panel of lenders and provide you with an instant on screen decision of a lender who has agreed in principal to offer you a loan. The loan amount that they offer you, will be based on your needs and circumstances.

What can I use a short-term loan for?

A short-term loan is usually a credit option that is used by people who have found themselves with an unavoidable expense that they can’t perhaps pay for right there and then.

A short-term loan doesn’t have to be used for anything in particular, the use depends entirely on the person who takes out the credit. This could be anything from unexpected bills, a broken-down car that needs to be fixed, home improvements and repairs, or even debt consolidation.

How do I repay my short-term loan?

When applying for a loan, you will have provided details in your application for how long you wish to borrow for. You will then have been forwarded onto a lender who has agreed in principal to offer you a loan. You and the lender will then agree on the time period in which you are to repay the loan back. Your loan repayment will be in smaller more manageable instalments every month, rather than one lump sum.

Can you get a Short-Term Loan with less than perfect credit?

If you have a poor credit rating, lenders may still be willing to lend to you, but at a higher rate than was originally advertised. It is recommended that you check through your credit report before applying for any type of credit. There may be elements to your report that could hinder you from being successfully accepted for loans or credit cards, such as late payments, insolvencies or judgements. Credit Knowledge is a FREE* tool which you can use to understand and monitor your credit report and score and learn how to build and maintain your score, whilst also providing you with access to Discounts & Vouchers to save money across the high street, and the social reporting tool Knowso! Find out more here!

Choosing the right short-term loan for you?

There are many different lenders offering short term loans at a range of different rates, but it is important that you choose the right option for you. Here at The Loan Tree, we can help you find the most suitable lender that is willing to lend to you today. If you are still unsure, comparison site Supacompare has a wide range of short-term loans for you to compare! 

If you’re need a short-term loan, we could help! Click here to find the right loan for you.



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