How to manage finances without getting into discords in UK?

It is a foregone conclusion now that money management is perhaps the most difficult of all tasks that one is likely to handle in their lifetime. In addition to this, it is true that financial discords are one of the major causes of broken marriages and blemished relationships. Not to disregard the fact that there are bound to be differences in the viewpoints of two people as far as finances are concerned and it may be very inconvenient to arrive at a consensus with financial matters. However, managing the finances jointly is one of the best ways in which to achieve success in a relationship. Therefore, instead of arguing endlessly over financial agreements or disagreements to be more precise, a better idea is to make use of the services of organizations like moneywise which offer personal financial advisory services to married couples and assists them in managing their financial portfolio.

In addition to this, it has been noted often that the common matters which results in frequent disagreements such as those related to mortgage, credit cards and various financial products and services which are important enough. Moneysupermarket is one such place where the couples can look for budgeted deals related to home insurance, car insurance, credit cards, savings, loans and the entire range of financial services that require comparison of prices. As a matter of fact, if the husband is a spendthrift, the wife can look for the services which are provided by moneysupermarket so that they are able to save money and get the best of services. Along with the resources already mentioned here, the consumers can try to look for other online financial resources such as moneynoesis, which can help the couples before they start with their financial planning and strategy building.

In other words, it will help them to get on with their financial matters in a smoother and effective manner without engaging in tough disagreements. As far as quotidian financial issues are concerned, the couples should try to arrange all their expenditures through a common account instead of blaming each other about the financial issues. If there is parity in the income of the married couple, it is more likely that they will try to distribute their income for obtaining better results. For instance, the husband can make payments for the mortgages by consulting the websites like moneysupermarket and the wife can pay the other utilities.

However, the best thing about managing finances within a family is to get the things in order by hiring a financial advisor from moneywise which will probably save the couple from many hassles which may be difficult to avoid otherwise. Easier said than done, but the couples are also expected to go through better experience if they are able to get better financial education through moneywise which will teach them to have better concepts regarding finances in general and help them to take things with the correct amount of determination. In short, a couple might be madly in love with each other but they should avoid getting mad on each other about bad financial decisions and instead do something which is more relevant for the overall financial health.

Overview of Financial institutions in UK

Out of the several financial institutions which are headquartered in UK, Barclays PLC is a global financial giant which is based in London. According to the data and the statistics which could be accessed till the year 2010, Barclays has ranked tenth if we compare the size of the organization and the varied services which they offer. Similarly, the benchmark which has been provided by Forbes magazine in the year 2010 also gives the same rank to this organization. Barclays has expanded its services and activities over 50 countries across the globe with branches in all the major continents including Europe, Asia, North America, Africa and South America with more than forty five million customers spread in these places. As a financial institution of this stature, Barclays boasts of assets amounting to more than 1.6 trillion euro which again makes it the third largest organization in the world after the likes of BNP Paribas and HSBC. Barclays is a worldwide financial services organization which is arranged within two business entities, on of which is Corporate & Investment Banking and the other which comprises of Wealth Management and Global Retail Banking. On the other hand, the branch which consists of Corporate and Investment banking is again divided into separate business groups which are referred to as Barclays Capital which is related to investment banking followed by Barclays Corporate which is associated with commercial banking and Barclays Wealth which have links with wealth management. Barclays has a prominent presence in the London Stock Exchange and an alternate presence in the New York Stock Exchange.

Another of the major financial institution Citibank which is primarily based in US has achieved a third position as a banking organization after the other two financial giants namely Bank of America and JP Morgan Chase. There are several products and services this is offered by the Citibank with their global banking network which spreads across several countries including UK. For instance, the Citigold Global Banking relates to the wide range of services which are provided for the premium clients of Citibank who are relocating to UK. The offers include accounts in the bank with several currencies with additional offers such as emergency medical services and cash assistance. Furthermore, it also provides services such as a personal relationship manager to help the customer with all the formalities related to banking after arriving in UK. Moreover, the consumer is exempted from paying transaction fees for the same since the procedure is carried put through Citibank Global Transfers which makes it accessible to transfer money to Citibank accounts in more than 20 countries.

Perhaps we have had enough focus on banks and global financial conglomerates. Let us now shift our attention towards financial advisory services organization in UK and Moneywise is the first name which comes to our mind. With its inception in the year 1997, the company is now having offices in places like Bournemouth, Cambridge and London. The financial counselors belonging to Moneywise are competent and professional and the services are wrapped with clarity and command which are available through online services which are available 24*7 and deal with pension and investments aspects.