Tag Archives: Money

How Accurate is a PPI Claim Calculator?

With a final deadline implemented recently, a fresh wave of people who have yet to claim a PPI refund has started looking into the claims process. One thing that many people want to know at the outset is how much their claim could be worth, and this may well affect how you proceed with your claim. PPI claim calculators promise an easy way to estimate the value of your refund before you speak to a single person about making a claim, but how far can you trust them to give you an accurate figure?

Estimating Your Refund With an Online Calculator

A PPI claim calculator certainly offers one advantage, in that it allows you to get an idea of the value of your claim before you take any further steps and before you speak to a human being about it. This eliminates the danger that you might feel pressured, whether the person you are speaking to intends it or not, to take your claim forward with a particular company because you have contacted them for an estimate. For many people, this alone is a good reason to use a PPI calculator as long as it is not so inaccurate as to be useless.

However, this does not actually do anything to answer the question of how accurate these calculators are. Well individual tools may vary, but on the whole they are certainly not inaccurate enough to make them useless. There is a fixed process for calculating the value of a PPI refund so, and online PPI calculators use this same formula. As long as you have accurate information to put into them, such as the value of the missold policy and relevant dates, the calculator should output a reasonably good indication of what you are due.

The Limitations of a PPI Calculator

Even so, you should certainly bear in mind that PPI Calculators do have their limitations. Some kinds of policy are more complicated to calculate than others, and to make the calculators quicker, easier, and more user-friendly there might be some level of simplification used. On top of this, PPI calculators simply lack the human touch and the expertise that is needed to consider the nuances and subtleties of many individual cases.

An online calculator can be a very useful tool and can give you a good indication of what you could be owed. At the end of the day, however, the figure should not be taken as gospel and talking to a human being will always give you a more accurate estimate. If you intend to make your claim through a PPI claims company, the next step is to select a claims handler and speak to them about the value of your refund.

How to Spend Less and Live Well

Living expenses are piling up in the present day world. There are many expenses which cannot be curtailed living in a world where recession and inflation have struck. There are many expenses that need to be met and therefore, living frugally is a step forward in the right direction if you want to tackle less bills. Here are some tips for frugal living.

USE COUPONS

There are many coupon systems prevalent in the modern day world. Some of these coupons offer really good deals. Layer coupons so that you can attain mega savings.  Websites and online retailers are a good place to look for coupons. Many companies  offer bulk deals and this can lead to a difference in the amount of money that you spend. Frugal living is possible if you make the effort to find and spend coupons.

coupons

TONE DOWN THE NECESSITIES

Make sure that you tone down on the bare basics that you need. Try to make do with one cell phone instead of two. Make sure that you do not spend on items you don’t need. If you can streamline your expenditure, that will go a long way in saving money.

RESTRAIN PURCHASING

Make sure that you do not spend excessively on purchases you do not need. Another good way is to make sure that you delay the purchase of some item for as long as possible. This can prevent you from spending too much at one time. By postponing the purchase, you will have a greater amount of money at your disposal.

Thus, you can easily avoid unnecessary expenditure and live frugally by becoming self sufficient and being independent in your financial planning. You can even grow your own food and be self reliant.

It’s Never Too Late to Start Saving Money

Have you decided to curtail your expense and start saving some money? There are no doubt several methods to save money and it is never too late to start. You can make a big difference in your life if you follow the following simple steps in saving money.

  • Check whether you are able to gain profit from the tax relief benefits. Furthermore, if you are unemployed, widowed or disabled make sure to get all the advantages of the social welfare claims.
  • Curtail down your expenses on unwanted or non essential items. When your budget is tight and you are trying to save money you have to be very strict while spending money on luxury items.
  • Plan out your weekly food bill and buy only those food items which you actually need. Look out for discount items and check out for the special offers. This can save your money.
  • Make sure that you don’t have to spend more than enough money on your car. Try to be fuel efficient and maintain your car wisely.
  • Make sure that your electricity and gas bills are not beyond your stipulated budget. Reduce the use of electricity and gas as much as possible. When you aren’t using them make sure to unplug and turn off the appliances. Do you know energy efficient appliances are cost effective and economic too?
  • If your child is going to join school in the next month, it is going to be little expensive for you because of the school fees, uniforms, books etc. You have to plan it out and act accordingly.
  • If you are used to going on vacations every year to exotic and expensive locations, you have consider it and make it a point that your vacation takes place somewhere that is affordable and cheap.

If you make it a point to follow these simple steps, it can indeed bring a big difference in your life and it will become easier for you to save money.