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1、1. CreditcardAdvantage3PowerandEaseofPurchase-Creditcardscanmakeiteasiertobuythings.Ifyoudontliketocarrylargeamountsofcashwithyouorifacompanydoesntacceptcashpurchasesputtingpurchasesonacreditcardcanmakebuyingthingseasier.ofPurchases-Creditcardsmayalsoofferyouadditionalprotectionifsomethingyouhavebou
2、ghtislost,damaged,orstolen.aCreditLine-Havingagoodcredithistoryisoftenimportant,notonlywhenapplyingforcreditcards,butalsowhenapplyingforthingssuchasloans,rentalapplications,orevensomejobs.Disadvantage3YourBudget-Thebiggestdisadvantageofcreditcardsisthattheyencouragepeopletospendmoneythattheydonthave
3、.Mostcreditcardsdonotrequireyoutopayoffyourbalanceeachmonth,soevenifyouonlyhaveg00,youmaybeabletospendupto均00or七,000onyourcreditcard.InterestRatesandIncreasedDebt-Creditcardcompanieschargeyouanenormousamountofinterestoneachbalancethatyoudontpayoffattheendofeachmonth.Thisishowtheymaketheirmoneyandthi
4、sishowmostpeopleintheUnitedStatesgetintodebt.CardFraud-Likecash,sometimescreditcardscanbestolen.Theymaybephysicallystolenorsomeonemaystealyourcreditcardnumberanduseyourcardtorackupdebts.Howtoavoidtopayinterestonpurchasetheoutstandingbalanceinfullbytheduedatewhichstatementeverymonth.upadirectdebittoc
5、learoutstandingbalanceeachmonthautomatically.2. Non-cashpaymentContactlesspaymentContactlessisafast,easyandsecurewaytopay.Thepurchasertapsthecardreaderwiththeircard,waitsforabeepandgreenlightandthetransactioniscompleted.FromSeptember2015,thecontactlesscardpaymentlimitisbeingincreasedfrom贪0to埼0.Beyon
6、dthelimit,thecustomerhastousethechipandpinfunctiontoauthorizethetransactionusingtheirPINnumber.Advantages:1.Convenience.Tappingtopayisfasterandmoreconvenientthanmostotherformsofpayment.Acontactlesscard,forinstance,canbeusedwithoutremovingitfromyourwallet.2.Acceptance.Contactlesscardsareacceptedatfar
7、fewerlocationsorretailersthanotherpaymentmethods.Disadvantages:1.Lessimplicit.Ifyouhavemultiplecardsinyourwalletandyoupaywithoutremovingthem,thewinnerisrandomluck.Sometimes,thiscancauserealissues(suchaserrorsattransitsettings).2.Lesssecurethanchip-and-pin3. ISADefinition:TheindividualSavingAccountis
8、anaccountwhereinterestandgainsmadeoncapitalisnottaxedatsource.Features:1.availabletosaversaged16orover.2.ISAsareavailabletoUKresidents.3.ISAwasdesignedtoencouragesavertoinvestinawiderangeofsavingorinvestments.4.WithstockandsharesinaISA,dividendsarefreeiftax.Anycapitalgainsonthestocksandsharesarealso
9、taxfee.5.ThemaximumyoucansaveinISAsis2000(6April2018-5April2019)taxfee.6.ISAcanbesavingaccounts,shareaccountsoracombinationofthetwo.TherearefourcomponentswithinISA.1. CashISA2.StocksandsharesISA3.InnovativefinanceISA4.LifetimeISAHowtosavingYoucansaveupto20000inonetypeofaccountorsplittheallowanceacro
10、sssomeoralloftheothertypes.Youcanonlypay4000intoyourlifetimeISAinataxfree.4. PersonalloansintheUK1. Loantermscanusuallybe1yearto8years(or5years),andtheexacttermdependsontheamountborrowed.2.Personalloansarealwaysunsecured.3.Interestontheloanischargedatafixedrateforthefullterm.4.Personalloansusuallyav
11、ailableforsumsof1,000to50,000(or25,000),themaximumamountdependsonfinancialinstitutionsdecisionsandcustomerindividualcircumstances.5.Personalloaniscreatedbytransferringfundsintothecustomerscurrentaccount.Overdraftfeatures2. Anoverdraftallowsyoutoborrowalimitedamountofmoneythatbankshaveapprovedforyout
12、hroughyourcurrentaccount,andyoucanissuechequestomakepaymentsuptothatlimit.2.Bankswillonlychargeyouinterestandfeeifyouactuallyuseit.Thechargebasedonthetotalamountofoverdraftondailybasis.3.Lowerinterestrateswillbechargedcomparewiththeborrowingfromcreditcardsincethetotalamountofborrowedmaydecreaseifyou
13、rsalaryispaidtoyourcurrentregularly.5. MortgageEquityreleasemortgageEquityreleasemortgageistheprocessofpayingoffonemortgagewithproceedsfromanothermortgageusingthesamepropertyassecurity.Advantage31. Thereleasepfequitythatcanbeusedforrenovationworkorexpandingyouhome.2. Norestrictionsonrentingtheproper
14、tyoutifthereisnomortgage.3. Theprocessforapplicationisveryquicksincethisisnotthefirsttimeapplication.Disadvantage21. Itmaximumloanisupto25,000.2. Youmaybeswitchingyourshorttermdebtstolongtermdebts.1. RedundancyinsurancepolicyRedundancyinsurance,alsoreferredtoasunemploymentprotectioninsurance.Itallow
15、syoutocover50%-70%ofyourGROSSsalaryuptoamaximumof5000permonthTaxFree.Features:1.Benefitsarepayablemonthlyusuallyafter30daysunemployment.2.Payableuntilareturntoworkortheceasingdate.3. Canbeinsole,jointcoveror2separatenames.4.Oftenlinkedaccidentorsicknessinsuranceplans-althoughcanbetakenasseparatebene
16、fits.ASUYoucanchooselinkedASU.Itisdesignedtoprovideyouwithfinancialprotectionintheeventyouareunabletocontinueworkingbecause:1. Youhavelostyoujobthroughonfaultofyouown.2.Youbecomeillandaretoosicktowork.3.Youareinjuredandunabletowork2. FactorsWhentheychooseinsurance,theycanconsider1.benefits/levelofcover2.premiumspayable3.Conditionsandexclusiontothecover4.Dothepr
