Category Archives: Finance

When to Start Thinking About Recycling Your Old Mobile Phones

It has been shown that the majority of consumers purchase a new mobile every 20 months. So, what happens to the older models? Although some give these devices to friends or family members, a growing number of phones are simply tossed in the bin or allocated to an anonymous corner of the attic. Whether you have just upgraded your iPhone 7 to the iPhone X or you have come across a box of phones dating from the early 2000s, the chances are high that every one of these units can be recycled. How can you know if it is a good idea to start thinking about recycling these devices? Let’s take a look at some practical concerns before moving on to the choices at your disposal.

When Age Gets the Best of Your Phone

There are two main situations which will often signify that it is time to recycle your old model. These are:

  • The unit is no longer able to mechanically function properly.
  • Its software has become outdated or otherwise irrelevant.

So, consider the benefits of obtaining a newer model. Weigh these advantages against the cost of the unit as well as any contractual changes that you may need to adopt. Even if you have a newer model such as the iPhone 7, you might still need to upgrade if top-of-the-line processing power is what you require.

Earning Extra Cash

The environmental benefits of mobile phone recycling should never be taken for granted. Studies have found that the amount of energy saved from recycling a single device is sufficient to power a standard laptop for up to 40 hours. However, such a concept might still appear quite arbitrary. Some consumers are looking for a quick means to generate cash. This is where the power of online exchange websites such as Sellmymobile.com will come into play.

There are many online portals like sellmymobile.com which are more than happy to offer you the equivalent cash value of an older model. In fact, they are willing to pay hundreds of pounds for newer versions such as the iPhone 7 and the iPhone 8. You will first need to ship the unit (these costs are covered by the provider). Once the phone is examined, you are sent cash in the form of an electronic wire transfer. It really is that simple.

Moving House

When a family is moving to a different location, many older electronic items are discarded during the process. However, one exception to this observation involves mobile phones. Even if you possess an older model dating from the halcyon electronics age of the 1990s, the fact of the matter is that buyers always exist. Some even collect these “ancient” units in the hopes that their values will increase over time. Not only will you lighten the load during an upcoming relocation, but you will be able to enjoy a bit of extra cash in your pocket.

Environmental Concerns

It is always important to appreciate the positive impact that mobile phone recycling has upon the environment. As companies can reuse many of the materials contained within these gadgets, harmful practices such as strip and open-pit mining will be reduced. This offers benefits for generations into the future.

Regardless of your personal motivations, it is always a good idea to start thinking about recycling your old mobile devices. In fact, turning in a model such as an iPhone 7 could very well provide you with the financial liquidity required in order to upgrade to the latest version!

 

The Best Broadband and Mobile Deals for Heavy Users Who Travel A lot

When selecting a broadband deal for heavy users who travel a lot, various factors require consideration. With the vast array of broadband options in the market today, getting a suitable selection can be challenging. However, you only need a review of a full variety of criteria. A fast broadband connection and can be quite helpful, enabling you to keep in touch with your friends and family, quickly find a holiday accommodation, check emails among many others.

The Connection 

Depending on the amount of internet you require, it can be more reasonable to utilise data-only deals and use it for the low service apps such as Whatsapp, Google Voice, Facebook and others. Banking on your hotel Wi-Fi might not be sufficient when it is possible to regulate the speed you require. When travelling, all you need is a portable internet, except if you are going to reside in a permanent holiday resort. Additionally, unless you plan to remain there for a year or more, getting a fixed data plan is not worth your money and time, meaning unlimited mobile data plans are the best option.

The following are some of the best broadband deals for heavy users who travel most of the time. Whether you want a reasonable selection or the best balance cost and allowance over one month, 12 months or 24 months deals, you will find one that suits your needs.

Vodafone

For mobile broadband heavy users who require over 30 GB of data each month, then Vodafone provides a data allowance of 50GB per month at £25 only, that is £0.83 only per GB. You are just tied to the data plan for 30 days, meaning they don’t offer a prolonged annual deal either. All 4GB Data Sims from Vodafone include Vodafone Global Roaming, providing you with the freedom to make use of your UK data in precisely 110 destinations around the world. For an additional £5 per day, you can utilise your data allowance in 60 Roam-further destinations, but the service provider will only charge you for the days you use your device.

Knowroaming

If you often travel abroad and you need to use the internet freely without worrying about the costs, then it is tough, if not impractical, to beat the offers of Knowroaming. The network is providing a global SIM for as little as £8 (about $9.99) alongside unlimited mobile data plans costing £6.50 ($7.99) a day in over 90 countries across the world.
The SIM card comes with free UK and US numbers and the option to buy extra foreign numbers. The SIM card also provides an app to help you track your real-time usage, and as a bonus, you use WhatsApp for free globally, which includes photos, calls as well as video messaging. If you travel a lot and you need large amounts of data this is a great travel companion.

T-Mobile

T-Mobile is providing a mobile broadband plan in 2 selections. The first one is Web’n’walk Plus at £15 each month and a USB modem for free. Additionally, you get a free Wi-Fi Hotspot access. Web’n’walk Plus is a 24-month plan. If you are interested in 12 months, it will be almost twice the cost @ £29 each month; these two data plans are for 3GB downloads.

For mobile broadband heavy users, there is an offer for you. You get 10 GB download limit on a 24 month deal for £35 a month or £44 for 12 months. While this sounds a lot, its limit incorporates internet calling services such as Jajah and Skype, so if you utilise Skype mostly to make calls overseas or your friends and relatives in the UK, this could be the best plan for you.

Once you get an appropriate broadband to use during your trip, you need to know how much data will meet your needs. If you require it for heavy usage such as uploading photos and streaming Skype a connection that can support significant data is vital. 6 to 12 GB is suitable depending on your level of usage. Besides, consider how long you want your deal to last. For instance, if you will only be away for two weeks, a one month plan is enough. If you travel more frequently, a more extended contract will be the best option.

How Combining Utilities Can Save You Both Time and Money

One of the issues facing numerous consumers throughout the United Kingdom is knowing how to effectively tackle rising utility bills. While this concept is certainly nothing new, rate hikes have become more prevalent in recent times. Some individuals are paying close to 40 per cent more when compared to only a handful of years ago. Of course, it is impossible to beat the system. This does not necessarily signify that consumers have no options at their disposal. One effective method of lowering bills is to combine different plans within one single package. Let us look at why this technique is useful before examining some common examples.

The Theory Behind Combining Utilities

The main purpose of lumping all bills into a single package is the cut rates across the board. In fact, companies are beginning to encourage this action. As they are now facing increased competition, they are attempting to lure potential consumers through the use of bundle plans. This is beneficial to the customer, for numerous utilities such as television, phone and Internet can now be grouped into a single monthly fee.

Another issue to keep in mind is that much of the confusion will be taken out of the equation. As opposed to being forced to remember numerous contractual obligations, the client only needs to pay a single fee. Finally, contacting customer service is much easier in the event that an issue or problem happens to arise (there are fewer companies and middlemen to deal with). So, what are some examples of how utilities can be combined?

Internet, Telephone and Television

Phone TV deals are one very common option. These plans are very clear and transparent. As opposed to dealing with multiple providers, the customer will switch to a firm which offers both of these utilities within a single monthly framework. Let’s also note that Internet will be included in the majority of instances.

Larger companies such as Sky and Virgin Media are offering additional benefits. Fibre optic access is one prime example. The main advantage of a fibre optic network is that consumers can leverage higher transmission speeds. So, it is always possible to watch a 4K HD video or to download large files. Although some of these networks are still limited in terms of geographic location, it should not be long before the majority of the United Kingdom will enjoy access to such technology.

Choosing the Best Phone TV Deals

This is the second topic to address. There are literally dozens of different providers on the market and each claims that it is offering the most amenable bundle deals. How is the customer to know which one is the best? The best way to begin this process is to employ the objective expertise of third-party review sites such as Broadband Choices. These independent analysts will cut through the smoke and mirrors; highlighting the most important points of any offer.

A second consideration will revolve around the needs of the potential client. For example, those with families are likely to require higher bandwidth limitations and a greater number of digital television channels to select.

Price is the third and final variable. Since the theory behind any bundle is the ability to save money, compare and contrast at least three similar offers in order to encounter the most appropriate. It is also important to determine what these prices include. Some metrics to address are:

  • One-time installation fees.
  • Monthly line rentals.
  • Upgrades.
  • The length of the contract.
  • Free accessories such as wireless routers or remote controls.

Although the majority of these possibilities will be stated in the contract, they can sometimes be difficult to find within the remainder of the fine print. It is a good idea to contact a customer service representative. He or she will be able to clarify these and other points within a matter of minutes.

Combining common utilities is an excellent way to enjoy a bit of extra liquidity without being forced to sacrifice your quality of life. As always, be certain to read through all of the stipulations before committing yourself to any type of physical contract.

 

Why it is a good Idea to have an Emergency Fund

Anyone who has had large unforeseen expenses can either talk of how happy they were that they secured emergency funds or how difficult it proved to cover the expenditures. Just like it is with most finance-related issues, it is important to pre-plan in order to weather the storms you are sure to face at some point in life. No matter how financially prepared you are right now, life has a unique way of throwing unexpected curve balls. This is why most financial experts suggest tucking away some money in a savings account for about six months. Understand that all it takes is something as simple as a job loss for you to get from financially tight to destitute. Consider the following reasons to begin building an emergency fund.

Job Loss

This has been listed as the top reason everyone needs an emergency fund. When you are no longer in a position to receive regular pay, cash stashed away can help cover various expenses. Although the rule of thumb is to cover about six months’ worth of expenses, the average length of unemployment today lasts about 40 weeks, which means you might want to build a bigger reserve.
Health Concerns

Some medical conditions can be financially straining, especially if you have no health insurance. Even with coverage and a major operation is involved, for instance, you have to fork out some cash to cover the policy’s deductible. You may also not have planned for fatalities, but if a loved one passes away suddenly, money will be needed. For instance, you may have to travel to the venue or cover bereavement-related expenses, and in such a case, emergency funds can keep the charges off your credit card.

Emergency Car and Home Repairs

Many car and homeowners rush to use their credit cards whenever emergency repairs are needed. Some faults such as a leaky roof, a broken water heater or a cooling system cannot wait. On the other hand, a breakdown can compromise your ability to get to work or even stay safe, which means your car has to be fixed or replaced immediately. Also, your insurance policy may not cover the repairs, leaving you responsible for them. It may be that you carry high deductibles on your insurance policy, meaning that even if you have a cover, you still need to pay for the necessary repairs.

How to get started

  • Define your expenses: The first thing you need to do is to go over your car payments, mortgage, insurance, utilities, credit card and other monthly bills. Then write down your total monthly expenses and multiply the number by six months. This is the amount you should set as your emergency fund goal. However, if you feel the need to save for more than six months, multiply that number by the period you anticipate.
  • Make cuts: After setting your monthly expenses, determine where you can make cuts. Begin by setting aside lose money in a jar each night. Rather than going to eat out frequently, have your meal at home.
  • Get automatic deductions: Does your place of work offer automatic deduction? If it does, ensure a particular amount is deposited into your savings account every payday.

 

Saving your Emergency Funds

If you are yet to set up an emergency fund, the key is to start small. Understand that it takes some time to accumulate one month’s worth of expenses. However, setting your immediate goals gives you a better chance of reaching them. It is advisable to keep emergency funds in a credit union or a bank account. Having your money in a savings account makes it less likely for you to spend it on everyday non-emergency expenses.

By starting off with extra money left after your daily expenses, you can keep it away and allow it to accumulate. If you get a tax refund, use some portion to increase your savings and deposit money saved by cutting back on unnecessary expenditure. The other way of accumulating your emergency reserves is by asking your credit union or your bank to transfer your checking funds to your savings automatically every month.

If you are feeling confident, there is also the opportunity to make use of your current savings by investing in stocks and Forex, using such platforms CMC Markets if you have done your research well, there is a chance to increase your savings. By having your eggs in a few baskets, you can cover all bases for a successful approach.

It may seem pointless to live below your means right now, but you will be thankful that you did when rainy days arrive and your financial well-being is squeezed.