How to avoid losing out on your currency exchange

currency exchange

It’s easy to lose money for no good reason when it comes to currency exchange. If you’re a traveller, you should keep the following tips in mind on your next journey.

Don’t change money at the airport

While they are convenient, airport exchange bureaus are notoriously bad value, as they tend to favour the bureau. They tend to get away with it because they rely on people who aren’t prepared; people who haven’t bought their local currency before their journey. Don’t rely on these services and make sure you have the currency you need before you go.

Keep your exchanges minimal

The fact is, the fewer transactions you make will result in you saving more money, it’s as simple as that. You will be less likely to pay hidden fees or commission, so try and buy infrequently so your wallet doesn’t fall victim to these charges.

Pre-book your currency

Although not well-known, you can book your currency in advance online using a credit or debit card. This tends to lead to more favourable rates with fewer fees. It’s easy, then, to collect your money at the airport. Remember, preparation is everything if you want to avoid being out of pocket, so it pays to pre-book.

Use a credit card directly

If you want to avoid higher interest rates and additional fees, then you only want to use a credit card for purchasing directly. Credit cards often have some of the best rates, which can be a real boon when you’re abroad; but do avoid ATMs.

Do your research!

This is really the main piece of advice I can give you. Do your research! It really does pay to spend some time on the internet looking up what rates bureaus and banks are offering. You’re going to save yourself a lot of agitation by checking before you buy. You can even monitor currency using a smart phone, meaning you won’t get caught out. If you want a sense of what good rates are, check out currency exchange rates from TorFX. You can also keep up to date by using social media.

UK and Singapore Property Investment Experts


Property Investment

Property Investment Experts

Property Investment in a country other than your own can become confusing and overwhelming. This is especially true if you are living overseas and cannot be there to oversee the process yourself.  Now imagine living on a totally different continent and investing in income property in the UK. If you are a Singaporean investor then you are probably aware of the fact that the market in London is very good at this time. However, if your investment is not handle by the right team of professionals, you would be better off keeping your money in your pocket.

This is where 1st Asset comes in. They are not a team of lawyers who will cost you an arm and a leg to conduct your business for you. Rather, they are a team of landlords, real estate investors and property managers who know about the ins and outs of letting in the UK. Allowing them to handle your investment property in London is a great choice as they are considered one of the very best in their field of expertise. They know a thing or two about buy-to-let properties in the UK as they own them and manage them themselves.

The good thing about being a Singaporean property investor and working with 1st Asset is that they have offices not only in the UK but also in Singapore which means that you can meet with them either in London or Singapore. If English is not your first language this is going to be even more beneficial to you. Let’s face it, if you want to make money in buy-to-let properties in the UK, you will want only the best group of people working for you. This company will provide you with all that and more.

Quick tips to save Money

Saving money can be one thing that people find very difficult but in reality, if you follow some very simple steps it can be a lot easier. When you start looking at saving money, there are no strict rules for everyone to follow, it all depends on your own circumstances and what works best for you.

Money Saving

Money Saving

  • Budgeting – You should always budget your money, budgeting is great way to make sure you don’t overspend from month to month. You should always know what your income and expenditure will be for a given month; this helps you to ensure the necessities are paid for. Planning ahead this way ensures that you will never struggle to pay off your bills when it comes to the end of the month.
  • Never spend more than you earn – This is vital and it basically links to my post about budgeting. If you spend more than you earn then you are basically building debt. To make sure you never spend more than you earn, you should set up a budget whenever you receive money, for example whenever you receive your salary.
  • Set yourself some financial goals – Having something to aim towards financially can really help you get where you want to be. If in this case your aim is to save money, then you can set yourself some aims that are measurable and realistic. An example of this could be that you want to save £20 every week for two months; you can set yourself a long term target and split it up into manageable objectives.
  • Compare your bills – Using price comparison sites, you can search for prices from various providers of regular household bills, from utilities to your mobile phones to see if you can save money. Price comparison sites do the hard work and they compare a lot of the main providers so you can see how much you can save in an easy to read list.
  • Shop smart – Try and shop to a specific list when you go food shopping, by doing this you can try and avoid the big impulse purchases that bump up your shopping list, it’s a good way to try and stick to the necessities.
  • Bike to work – If your place of work isn’t far away from your home, then you could take up biking to work, it can save you of petrol money, and it also helps you to do your bit for the environment.
  • Savings Account – Using a savings account is a great way to help save you some extra cash. You can set up an automatic payment from your normal bank account, it doesn’t have to be a lot of money and it will steadily rise over time, leaving you with a nice surprise when you come to check your account.

I hope these money saving tips will help you on your way to achieving what you want from your finances.

Bio: This article was written by Andreas Nicolaides, a finance author for

How you can save Money through budgeting

A budget can be one of the most effective financial tools if used correctly; however, setting up a budget can be a long, daunting process. Budgeting can be difficult as it involves being very thorough and honest while you write down all the details of your personal expenditure. On the flip side of the coin, if you persist and you come out of the other side with an effective budget, it can help you easily monitor your finances and save you money.

Budget and Saving

Budget and Saving

When you look at setting up a budget you should first set yourself an overall aim of what you want to achieve. Your aim should be measurable so that you can check how close you are to hitting your target. It should also be realistic, setting yourself an unrealistic target can be incredibly demoralising. An example of a saving money target could be that you wish to save £200 every month for a year.

Set up
Once you have your aim, then its time to start setting up your budget. To do this you need to note down all of your expenditure next to your income, from my personal experience, I would advise doing this on a monthly basis at the beginning of the month. Try to remember to include everything, which comes back to my point earlier about being thorough. Once you have noted down your expenditure and your monthly income, then you can take your expenditure away from your income, which will leave you with what I like to call flexible cash.

Cut Expenditure
Once you have your budget in place the best way to improve your level of flexible cash (and as a result save money) is of course to cut down on your expenditure. You can do this using a number of methods, but the first thing you need to do is look at the expenditure on your budget to see if there’s anything that stands out. Can you see any payments that look like they’re far too high? If so, then they are your first point of action. If not then here’s a few money saving tips for things that should be included in your budget:

  • Food shopping – When you go out for your weekly or daily food shop, before you go out make a list of what you need and try to stick to the list! By doing this you can try and cut out on the expensive impulse purchases that just bump up your bill
  • Credit Cards – If you use your credit cards regularly you can check to see if you are paying more interest than you should be on them. If you are, then why not transfer your credit card balances using a balance transfer credit card. Balance transfer credit cards normally come with a typical interest free period, normally 12 months, so by doing this, you can save yourself a lot of money in interest payments
  • Your bills – Have you checked recently to see if you can save money on your household bills? For many of us our answer is no, but it should be yes. Using price comparison websites on a regular basis you can check to see if you are paying too much money for various necessities, this could include your internet, phone and your utility bills. Using price comparison sites can save you time and money because they do the hard work so you don’t have to.
  • Car fuel – Do you spend too much on petrol for your car? If you do then you could look at alternatives to help save you money. One alternative could be biking to work, many people do it and it saves them money and helps the environment at the same time. You could also use public transport wherever possible to help save you some money.

Flexible Cash
With your level of flexible cash, whether it is large or small, it’s up to you what you do with it. I tend to split the cash up into three categories, emergency funds, savings and flexi.  You could split it up evenly and place a third in each, but depending on your circumstances you can alter this accordingly. For example if your main aim is to save, then you can place half of the amount in a cash ISA savings account, and split up the remaining half into emergency and flexi, it’s totally up to you.

Try and stick to your budget to the best of your ability. You will have times when something pops up that isn’t expected, e.g. something goes wrong with your car, and this is where your emergency fund can come into action.

Bio: This article was written by Andreas Nicolaides, a money and savings author.


Start saving money today

Saving Money

Saving Money

People get stressed at the thought of saving money.  The habit of saving money  should be inculcated right from the time we are young.  There are so many expenses which might just crop up at any time and if we do not have the requisite resources, then we are sure to get stressed.  To avoid such a situation, we need to start saving money today by ourself.  The habit of saving money gives us financial freedom and you can live comfortably and happylife.  Adhering to simple and time-tested personal financial tips can help you save considerable amount of money which can be fruitfully used for something else.

Try out free samples
Companies which launch new products offer free samples of their products.  Go in for these free samples.  Check out with these companies if they are offering something for free.  Check out the websites of these companies online and make a complete list of such companies.

Make improvements and changes in the way you spend
You can always make changes in the way you spend your money.  Bringing about simple changes in your spending habits will help you spend less.  Start paying money by cash and refrain from using the credit card.  People who use the credit card end up buying excess things.  This mans that you will not shop if you do not have the cash to pay for it.  Buy only those things which are necessities and which you can afford.

If you are totally addicted to shopping, then you are without doubt a shopaholic.  This habit can be changed and this is sure to benefit you.  Pay off the bill and totally forget about it.  Do not keep credit cards in your wallet as you would be tempted to shop and spend.  Write down things which you feel are a complete emergency and which you cannot do without.  You are supposed to use the card only for such items.

Impulsive buyers
There are many individuals who enter the shop for buying one item.  But the problem is they end up buying too many things and purchase everything they see. Impulsive buying is dangerous as it would drain your finances.  Companies lure customers by offering generous discounts and offers and we are tempted to buy them even if it does not serve our purpose.  The retailer and wholesaler stand to benefit by this and we are in no way benefitted.  Hence, get over this habit of buying on impulse.  Think smartly and shop smartly.  Make a check list of things which you need and only stick to this list.  Once you have filled the cart with the required goods, pay the money and leave the store without doing any further window shopping.  This is extremely dangerous as you will end up buying more items.  A strict buying pattern slowly becomes a routine and you are sure to save money. Your wallet too is going to feel happy about this change.

Never spend everything what you earn.  Set aside at least ten percent of your income and invest it wisely and prudently.  This money will be of great help during your retirement and for the future also. Coupons are the best way of spending wisely.  Investing in coupons is advised.