Your Guides to Personal Finance

Everything You Need to Know About the British Tax System

It often happens that British citizens struggle to understand how the UK tax system works, wondering how much and how often they have to pay taxes. The UK tax system is in fact really intricate and difficult to figure out for a regular citizen, for it is a complex plan of tax bands, relief schemes and allowances. The easiest way to understand how the system works is to keep in mind a very important rule: the amount of tax you have to... ❯❯❯

4 Effective Ways to Make an Investment in Real Estate

When making an investment in real estate, the key goal is to put your hard-earned cash to work now so that you can have more of it tomorrow. The return or profit you generate on the investment you make should be capable of covering all the risks you take and other costs of owning properties, like insurance, maintenance, and utilities. Investing in real estate can be simple, especially when you are familiar with the basics related to... ❯❯❯

5 Reasons to Invest in Rental Property in 2022

Are you looking for a profitable investment opportunity to secure passive income? This article is perfect if you've been debating the pros and cons of expanding your portfolio to include real estate. Right now, the market is prime for new investors and seasoned experts to cut another slice of the pie. In the following paragraphs, we'll highlight the top 5 reasons to invest in rental property in 2022. Besides, if you're worried about... ❯❯❯

How Does Mortgage Refinancing Work in Canada?

With interest rates at an all-time low, now is a great time to refinance your mortgage. When you refinance, you take out a new mortgage with a new lender at a lower interest rate than your current one. This allows you to save money by paying off your mortgage faster and get cashback from the transaction in the form of any difference between your old and new interest rates. But there are many different lenders, and it can be hard to... ❯❯❯

Will My Credit Score Be Affected by a Consumer Proposal?

If you’re considering filing for a consumer proposal, one of the things you may be wondering is how it will affect your credit score. A consumer proposal is a formal process through which you can negotiate with your creditors to repay a portion of your debt over a period of time. It is not bankruptcy and will not show up on your credit report as such. However, a consumer proposal will have a negative impact on your credit... ❯❯❯