Are Payday Loans Cheaper than Unarranged Overdrafts?

If you are in need of a short-term solution to financial worries there are often only a few possible options open to you. If you are unable to borrow money from family members and loved ones to help you get through this tough period, the other options are to take out a payday loan or go over your current account limit with your bank and have an unarranged overdraft. PiggyBank understands...

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How to Treat Your Loved One on Valentine’s Day

With Valentine’s Day coming up tomorrow it is the perfect time to have a think about what you are going to do to make it a very special day for your loved one. Loads of romantics will push the boat out, putting them at risk financially as a result. There is no need to do so; with a few things, you can do to make sure your loved one is appreciated, without getting into debt. Make a...

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Bank Overdrafts found to be more costly than Short Term Loans

Research from consumer champions Which? has found that bank overdrafts can be eight times more costly than payday loans. Borrowers needing as little as £100 could be charged up to £156 more by their bank than it would cost at a payday lender, it has been revealed. Which? compared the cost of borrowing £100 for 30 days using an unauthorised bank overdraft. It found some banks...

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Payday Loan or Instalment loan? What should I consider?

When considering the best payday or instalment loan for your needs, there are some key things to consider; • Can you afford it? • What is the interest rate? • How long do you need it for, is it short term? • What happens if you can’t afford to make repayments, what are the penalties? The longer the loan period, the more interest you will pay back. Before you think...

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How to Save Money on Shopping

There are many shopaholics out there who enjoy shopping but eventually end up spending more money without much knowledge about how to save money whilst enjoying shopping every day. Follow these simple tips to save as much money as you can during your shopping trip. List out the things that you would like to shop. This would help you from saving money on buying things only that are...

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How to Budget For a Summer Holiday

Fleecy clouds in the sky, a gentle mountain breeze or the beaming sunshine over the seas – isn’t this the time for a perfect getaway. City life, especially in the tropics, can be unbearable in the scorching summers, so a brief swapping of weathers can come as a welcome respite. And don’t worry about the budget – where there is a will, there is always a way! So, here’s a guide to...

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How to save money on shopping

Everybody has the desire to buy something that they always wanted. This is generally something that they don’t really need. The common thought process would suggest that some kind of sacrifice is required in order to buy this dream item. But is it really though? We can save a lot of money overtime by considering a few small steps that would not involve much of a change in the regular...

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The Benefits of Budgeting

The easiest and the most effective way to keep away the guilt of overspending, the pestering of your debtors and maintain the sanctity of your bank account is to have an effective budget. Budgeting can sure be a demanding task that takes up some time from your busy life so we often tend to place under the same category of work as fixing a leaky valve or mowing your lawn. But it is surely...

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How to Save Money on Shopping

The easiest way to get the goods that you need in a minute’s notice is to walk into the nearest store, grab your necessities, pay the price and walk out. But did you ever wonder if this is the most efficient way? Sure you did! Everyone craves to spend their hard earned money on stuff that they want rather than the stuff that they need. But the necessity of these items pushes us to buy them...

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