Mr Lender’s SuperSocialChristmas Part 5.

Time for another competition to ring in the new year.

Just like us on Facebook or Follow us on Twitter to enter. Simple.

Just like us on Facebook or Follow us on Twitter to enter. Simple.

There are two ways to enter.

Facebook.
LIKE our Facebook Page and then SHARE this competition status

Twitter.
Follow Mr Lender (@MrLender) and RT our competition status to be in with the chance.

Best of luck!

Another #SuperSocialChristmas competition from Mr Lender

Here at Mr Lender, with a week to go until Christmas Eve, we are feeling pretty festive. To help get you into the Christmas spirit, we are hosting yet ANOTHER  #SuperSocialChristmas Christmas competitions.

This time we’re giving away a cash prize of £50 to one lucky winner selected at random, who answers the question below correctly.

Enter our SuperSocialChristmas competition on Facebook by clicking here.

Enter our #SuperSocialChristmas competition on Facebook by clicking here.

We want to know if you can name all NINE of Santa’s reindeer.

There are two ways to enter:

Facebook:

Click here to enter, like our page and leave your answer as a comment under the competition status.

Twitter:

Send us a tweet with your answer, remembering to include @MrLender in your response.

Good Luck everybody.

Mr Lender’s advice for living on a budget – #3

Watching your cash flow month can help you towards those saving goals.

Watching your cash flow month can help you towards those saving goals.

We all know that one of the biggest sources of our outgoings is food/drink and ultimately, food/drink wastage.

According to Love Food, Hate Waste, as a nation, we waste around 7 million tonnes of food and drink per year.

Love Food, Hate Waste claim that ‘…wasting this food costs the average household £470 a year, rising to £700 for a family with children, the equivalent of around £60 a month…’

Here are some of our tips for helping you to cut down on your costs when it comes to food.

Research recipes online.

Some of our favourite websites have entire sections dedicated to cooking on a budget. We recommend doing some research on google and bookmarking them.

Batch Cooking.

Cooking one pot recipes from scratch and then freezing them, will mean that you save money by cooking something new every single day. Plan in advance what you want to cook, and stick to that plan: if you cook enough batch meals, you won’t run into the danger of too much repetition either.

Fresh bread.

Baking fresh bread can save you money and tastes great.

Get Baking!

Baking your bread or treats like cakes and biscuits not only saves money but will ensure that you can keep a watchful eye on everything that goes into your food. Get your family involved and cook together too!

Get inventive with your recipes too! We’d love to hear some of your money saving advice when it comes to food!

Check out part 2 of our series here…

Check out part one of our series here…

Personal finance for beginners

Compound interest picture.

Compound Interest is just one of the ‘scary phrases’ people come across in personal finance.

Here at Mr Lender, personal finance is what we do, and whilst our main aim is to offer short term loans, this blog is also here to help give you advice in all areas of personal finance.

We thought we should start at the beginning, so here are some basic definitions about personal finance we think might help you:

  • Interest – Interest is the fee paid by the borrower to the owner as a form of compensation for the use of an asset. More than likely, this asset, will take the form of a loan or credit card.
  • BACS – BACS is a form of electronic payment for processing a financial transactions. These will take three whole working days to clear.

Day 1: Payment is entered onto the system.
Day 2: Payment is processed.
Day 3: Payment is cleared.

  • Capital – These are the funds (the original loan amount) provided by lenders to another party (person or businesses).
  • eAPR – effective APR is the fee+compound interest rate (calculated across a year).
  • Compound interest – When compound interest is placed on your original loan amount, from that moment on, the interest that has been added also earns interest.
stress finance diagram

Don’t let your personal finances stress you out.

Pay attention to our regular series of budgeting blogs too, as they will be able to help ease the stresses that are placed on us all by our finances.

Mr Lender’s Christmas giveaway: part 2.

This is the 2nd giveaway in our Super Social Christmas giveaway.

This is the 2nd giveaway in our Super Social Christmas promotion.

In part 2 of our special #SuperSocialChristmas giveaway, we are awarding £100 in cash to one lucky winner.

You can have two entries; via Facebook and Twitter.

To enter via Twitter:

Follow Mr Lender and RT the competition status by clicking here or on the image below.

Click on the image to enter via twitter.

Click on the image to enter via twitter.

To enter via Facebook:

Like our Facebook page and then Like and Share the competition status by either clicking here or clicking the picture below.

Enter our giveaway via Facebook

Enter our giveaway via Facebook

Competition terms and conditions can be found by clicking here.

Special Mr Lender deal for 24 hours only!

mr lender christmas

Until Thursday, we’re opening our current Twitter only contest up to our Facebook fans.

All you need to do is LIKE and SHARE this status by clicking here.

Remember to also make sure you have entered our competition by following us on Twitter.

Once we hit 6000 twitter followers, one lucky winner will be chosen at random to win an amazing cash prize of £250.

For our competition terms and conditions, please click here.

Mr Lender’s advice for living on a budget – #2

Now that we have started to calculate our outgoings, how do we start learning to live on a budget?

In this week’s Mr Lender’s Guide to Budget Living, we’re looking at household bills and how you can achieve optimal savings across most of them.

This week: Household bills.

home insurance

It’s worth shopping around for the best home insurance prices

Obviously, those items such as rent or council tax will be fixed each month, but it’s wise to start breaking down those other areas which can offer a potential discount simply by switching accounts. The main areas in ours are:

  • Utility Bills
  • Insurance Providers
  • TV and Broadband

All three of these categories have the availability to help you save.

Internet research can be very time consuming, and these days most of us don’t have a lot of time to spare. Aggregate and comparison websites will do your homework and research for you and bring you the best possible deals on the market. (More often than not, using one of these websites will mean you are privy to exclusive offers, not found when you go direct to a vendor).

One aggregate website claims a saving of up to £240 on utility bills, and considering the recent rise in pries from certain outlets, we believe a serious rethink might be the smartest way forward.

Once you have all your savings and switches in place, you will probably start noticing a sizeable difference within the first few months.

Check out part 1 in our budget living series here…

Mr Lender’s festive giveaway #1

mr lender christmasIn a series of xmas challenges, over the next few weeks Mr Lender HQ is giving away some amazing prizes.

Prize #1:

This one is very simple! We would like to get to 6000 followers on Twitter – as soon as we do, we will away £250 in cash to one lucky follower!

Click here to follow us on Twitter, RT us and spread the word!