Spread Betting Isn’t Only for the Gambler and the Libertine – Here’s How to Reduce Your Risks and Play It Safe

The majority of investors use trading as a tool to subsidize their income, and many enjoy significant successes and a rapidly increasing bank balance. This is not to say that profits are guaranteed of course; speculation will always carry some degree of risk, and this is never truer than in the case of spread betting.

Beloved of gamblers and libertines alike, spread betting promises the potential for huge profits, alongside the danger of catastrophic losses. Allowing investors to transform their futures in an instant, many risk averse traders see it as no more than a glorified roll of the dice. They find the thought of playing Russian roulette with their savings abhorrent, and spread betting is given pride of place on their black list.

But all of this is changing. According to experts, a new trend is emerging, with canny investors maximizing their gains, whilst still managing to play it so safe that they could pay their mortgages on their spread betting profits.

Using Spread Betting to Lock in Gains

The financial markets have been undeniably volatile of late. The foreign exchange has fluctuated wildly as China verges on collapse, British, Swiss, and German banks bleed money, and oil and crude prices plummet. The stock markets have been no more stable, with the bottle falling off of European interests.

What the intelligent spread better has recognized is that what comes down comes just as rapidly go up, as the latest market volatility has demonstrated. In the world of investing, nothing is set in stone, and the beauty of spread betting is that it allows you to take advantage of the tempestuous nature of trading.

A common misconception, however, is that spread betting relies on luck alone. Traders are viewed as little more than gamblers, wildly throwing their money at every opportunity with the merest chance of providing a profit. This means that hundreds of thousands of investors are overlooking a valuable tool that they could be using.

Traditional long-only traders, however, are starting to recognize its utility, and are increasingly using spread betting like a standard stockbroking account. Used properly, and traded according to the traditional market indicators, they are realizing that it doesn’t have to be anymore high risk than other investment instruments, and that it can be cleverly use to lock in gains. Thus, should a takeover bid collapse, or European banks bleed more money, your painstakingly built profits won’t just evaporate overnight.

Going Long and Tactical Hedging

The primary reason that spread betting’s virtues are so often overlooked is because of one common misconception: that all spread betters go short. This is an erroneous assumption that the new breed of investor is turning on its head.

Instead of betting against assets, a large number of traders are choosing to go long on stocks over shorter periods instead. The beauty of this is that their profits are maximized, as neither stamp duty nor commission apply. When you combine this with the generous leverage offered by spread betting entities, you start to see hugely magnified gains every time that the stock markets move, which are not eaten into by the cost of buying shares beforehand.

However, spread betting’s true strength lies in its use as a tool for tactical hedging. If we look at Vodafone’s 2013 performance, we can see a prime example of how this worked. In 2013, Vodafone became the third largest company in London’s blue chip index. Its share values rose by 25 per cent following speculation of a potential takeover of its US joint venture, estimated to be worth £80 billion. This led to a wave of purchases by investors.

This is where savvy traders began to see opportunity in spread betting. By going short, they were able to hedge their bet, locking in the gains of rising share prices in the event that the Vodafone/Verizon transaction failed to come to fruition.

Reducing Market Risk

The irony of this is that spread betting, so often considered to be the black sheep of the investment market family, can actually be used to negate risk. As expert David Jones explains:

“If you had a £100,000 portfolio of FTSE shares, and were worried about a slide in the short term, you could sell the index at £15 per point, thus giving you a roughly £97,000 down bet on your investments. So, if the market slid, you would lose on your physical holding, but make on the spread bet, and vice versa.”

The majority of traders who choose to utilize this concept employ spread betting as a means of reducing general market risk.

According to Matt Basi, a leading figure at CMC: “Probably the most popular risk-reduction strategy we see employed by clients is that of taking long positions on a stock-specific basis, but short positions in the overall index.

“In so doing, they aim to remain market neutral in the hope that the companies on which they’ve taken bullish views go on to outperform the broader market over the medium term.”

This concept can even be applied to minimizing costs in your everyday life, and properly used it can be an exceptionally handy tool for reducing your outgoings. For example, something as simple as buying crude oil in the hope that it profits can be used to offset rising prices at petrol pumps.

Indeed, some experts are so enamored of the concept of spread betting as a risk aversion tool that they believe it could be used to make professional trading a feasible reality for many.

Although this may be slightly exaggerated, it is undoubtedly interesting to ponder whether risk could be reduced to such a degree that it need no longer be feared. Whilst we’ll be holding off on a career in spread betting for now, we still recommend that you give it a go and see how it profits your trading performance.

Taking first steps in online trading

If you’re lucky enough to have generated some spare cash that is sitting in a savings account, you know that the money you have in that account is never going to make a huge difference to your life. The problem is that with the low interest rates available today, your cash has no real chance of growing.

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Money doesn’t grow on trees. Image by arripay.

Many people are realising this, and trying to make wiser use of their savings, and one way that this is possible (though can’t be guaranteed) is through trading online. You might think that you don’t know anything about trading, even the basic principles, so why would you risk any of your hard-earned cash this way?

However, just because you don’t know about something doesn’t mean that you can’t learn and with the Tradefair spread betting provider, new account holders have the perfect opportunity to learn how the world of trading works, without putting their own money at risk. Tradefair is an online trading platform used by millions. It began as a spread betting platform, but now its users can trade in CFDs and to spot forex as well. And for people who are new to the world of investing, a demo account gives them the chance to try out the theory of trading without any real risk.

To get started with spread betting, it’s a good idea to understand the basic concept. A financial spread bet isn’t a live share, it’s a derivative. That means that traders can decide to take a position against a financial instrument’s value moving up or down in the market place.

A spread bettor doesn’t own the stock that they are placing a bet on. Instead, they are speculating whether the spread on the price of a particular stock will move in an upwards or downwards direction. This gives traders the possibility of making money whether a stock rises or falls in value.

When you place spread bets, you’re not limited to stocks and shares. Tradefair alone offers its users access to more than 3,000 markets and the financial instruments that can be used for spread betting include currencies (the world’s biggest market is the foreign currencies exchange), commodities such as rice, wheat, sugar, tea, gold, aluminium, iron ore, copper and petroleum.

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Speculating on the price of copper could help build your nest-egg. Image by ahisgett

The basics of share trading are simple. Traders either ‘go long’ and buy shares in expectation that they will increase in value and can then be sold at a profit. Or, shares are sold on the expectation of a fall, or on the fall, of a share’s value in order to limit loss.

In a spread bet, the trader doesn’t fund the total cost of the number of shares, but instead provides either a deposit to the spread betting company which is then used as a ‘margin’ for their bet or a proof of funds in order to be given account credit, which again can be used as the ‘margin’.

The ‘margin’ means that a trader can ‘deal’ in a larger amount of shares than they could through buying or selling with a traditional stock broker. The risk involved is that the trader is going beyond their normal financial means. It’s always easier to spend money that you don’t have.

As you can see, if you are new to the world of trading, it can feel rather daunting, which is why having a spread betting demo account is such a good idea while you get to grips with the concept. Once you’ve run a demo account for a while and started to see some success (albeit simulated), you’ll be able to decide whether or not you’re ready to actually invest some of your own cash in spread betting and see if you can make it work for you for real.

10 Ways To Save So You Can Invest In 2015

The New Year brings a chance for reflection, renewal and a determined approach to the 12 months ahead. Now that most of those resolutions have lapsed, it’s time to start seriously organising your affairs for better financial health in 2015. With many people still finding their feet after Christmas and New Year, the time for making cutbacks is most definitely now. But that doesn’t mean you have to relinquish your standard of living, and with a few simple changes you can be well on your way to saving so you can have more money to invest in a more prosperous future.

Try A Few More Layers (Yes, Really).

It’s amazing what a warm, woolly jumper can do for helping deflect those early-year chills. Sure, it’s cold outside, but by opting for a few extra layers, you can control just how much heating you use. Switching the heating on even an hour later ever day can mount up into a serious saving over time, leaving you with more money to play with when the warmer months come round. If you’re serious about preparing to invest in 2015, this can be a good way to shave a few pounds off the edges.

Tackle That Stubborn Credit Card

Credit cards are in all probability your most expensive form of finance. Don’t fall for the trap of just paying the minimum amount every month – attack the balance if you want to reduce the overall principal, and the resultant interest you will have to pay. Alternatively, look for a 0% balance transfer offer and you can move your principal elsewhere, helping you save on the excess interest charges for any balance while you get your affairs in order for the year ahead.

Do Compare Prices

Price comparison websites can be extremely helpful in spotting inefficiencies in your current spending, and identifying opportunities for savings across your key utility bills. If you are looking to save to invest, the best types of savings are structural – those that mean you’re paying less month on month. If you haven’t done so in a while, get online and start comparing. You might just find it’s cheaper to survive than you think.

Other Ideas For Saving

– Find online coupon codes and vouchers
– Do food shopping in one store (think loyalty points)
– Search cashback deals for big purchases
– Cancel unnecessary commitments, e.g. that unused gym membership.
– Walk more (saves fuel costs, and improves your health)
– Buy for next Christmas early for extra discounts
– Cut down on alcohol

Freeing up unnecessary spending for investment is a great way to set your finances on the right course in the New Year, and start you on your journey to more controlled financial management. You don’t have to radically change your lifestyle to make small savings here and there, which when invested can quickly add up to something more substantial, and provide you with recurring benefits from there onwards. For more tips on saving money, and structuring your finances in a more effective way, visit us at ukhomeandpersonalloans.co.uk.

Infographic: Starting the New Year on the Right Foot

Starting the New Year on the Right Foot is a Infographic produced by UKHomeAndPersonalLoans.co.uk

Different types of vehicle insurance

UntitledMost of us know a great deal about standard car insurance. We understand third party, comprehensive quotes, voluntary excesses, and all the terminology that surrounds that aspect of the industry and as a result are comfortable jumping onto the likes of moneysupermarket.

There are, however, a number of other types of vehicle insurance that you may be less familiar with. In this article, we will take a look at several types of insurance available, so that you can make a fully informed decision. If you have a vehicle that falls under one of these categories, then you should consider going to a specialist classic cars insurance company.

Classic car and motorbike insurance

Classic cars are our pride and joy and we work tirelessly on them to ensure they are in pristine condition. We invest in our classics and we expect a return on investment in the future should we wish to sell them. One of the main challenges we face as classic car owners is the uncertainty around which of the many insurance options available is the right one for us. We may not be able to drive our classics as much as we’d like, so we need to have peace of mind that they are in safe hands, waiting for us in the garage.

Similarly, your prized motorbike may not be your daily transportation choice. You may just enjoy her/him at the weekends for instance. Standard insurers don’t usually offer the best policies on motorbikes, especially performance motorbikes and so again, you should consider a motorbike insurance specialist if you are looking to insure your motorcycle.

Camper vans

Camper vans are another example of a vehicle that falls outside the standard reach of insurers. Essentially, you have a home on wheels when you are away on holiday so your insurance will need to cover you whilst you sleep. If you need motorhome or camper van insurance, it is best to speak to a broker to discuss the best type of policy for you

Performance car insurance

Most insurers run a mile when you tell them you drive a Ferrari. The quotes you receive for performance vehicles may well blow your mind. This is due, in part, to companies not knowing how to assess the risk you pose in driving the vehicle. In speaking to a specialist company that has experience of insuring performance vehicles, you will be able to achieve a more realistic motor insurance quote. It might be worth noting that many insurers will favour you if you have an advanced diving license, so be sure to mention that if applicable.

Van insurance

Vans have very different purposes based on whether they are used for leisure business. You may well be moving heavy objects, and the physical profile of the vehicle is obviously much wider and longer than normal vehicles. You therefore need to secure pecialist van insurance. You also need to be aware of the mileage limitations and passenger limitations outlined within these van policies.

Insurers dictate varying stipulations as to the maximum mileage you can cover in a 12 month period for example and adhering (or not) to this will affect your insurance quote.

If you are buying a vehicle that is outside the norm for you, make sure you conduct research around the different policies available, rather than going for a mainstream provider that perhaps won’t understand your requirements as well as they should, and likely won’t provide you with the best quote possible.

Are you in the Market for Auto Insurance?

If you’re in the market for auto insurance, there are a few things you should think about before finding a quote or meeting with an agent. Here are a few suggestions to ponder.

1. Your Driving Record

Good drivers are less of a liability to the insurance company than those with a checkered past, so they’ll enjoy lower rates and better perks. If your record isn’t that great, either hold off on switching brands or look for one with accident forgiveness.

2. Your Location

The quotes offered by insurance websites aren’t always applicable to your own region. For example, if you’re hoping to find a reputable car insurance company in New Jersey, you should search for local New Jersey insurance providers.

3. Your Age and Gender

Teens will have to pay more than their parents. Seniors might be able to pay less if affiliated with the right groups. Gender plays a role in insurance premiums as well; male adults tend to be charged more than female.

4. Your Vehicle

Luxury cars face a high risk of theft and vandalism, so insurance companies will charge you extra for protecting their value. On the other hand, if you have a “green” or eco-friendly hybrid, insurance companies are often willing to give you a discount.

5. Your Credit Score

Each company has its own standards, but generally speaking, any score lower than 650 will cost you. You might also face higher prices or even denied applications if you have non-payments on record for your previous insurance company.

6. Your Mileage

It may sound strange, but the more you keep your car in the garage, the less you’ll have to pay for insurance. This is because your vehicle can’t get into accidents when you’re not on the road. If you’re looking for an easy way to shave some money off your insurance bills, carpooling to work is a good idea.

Asking the right questions now may save you hundreds in the future. Use these tips to find a car insurance policy that will keep you protected without breaking the bank.

Call for Budget re-think of tax rules on training costs

Rules on which training costs can be deducted as a business expense are damaging the development of the UK’s skill base and needs to be re-thought in time for this year’s Budget, says the Professional Representation Network.

 

The Professional Representation Network explains that current tax rules discourage self-employed contractors, who make up a crucial part of the workforce in many high growth sectors, from investing in acquiring new skills, and risk creating skills shortages.

 

Under the current rules, contractors can claim training as a business expense if they are refreshing or updating their existing skills, but not if they wanted to add new skills to enable them to take on a wider range of opportunities.

 

For instance a software programmer who wishes to retrain for a software project management role cannot claim that training as a business expense.

 

Other examples of training that cannot be claimed as a business expense include:

 

  • An IT systems administration specialist who trains as an app developer
  • An oil rig machine worker who trains as a fire & gas safety professional
  • An IT manager who takes an MBA so that they can provide more senior level advice to IT start-ups

 

Contractors typically work in fast moving sectors such as IT, mobile technology, oil & gas, engineering and financial services. The skill requirements in these sectors can change rapidly as technology evolves. Having the chance to train in areas outside their current expertise means that contractors can respond to changing business demand, and create a portfolio career: moving from contract to contract without long gaps of unemployment.

 

Kristian Gourlay, Professional Representation Network’s Managing Director, says: “The Government is supportive of improving the UK’s skill base and making this change to business expenses rules would help meet that objective.”

 

“Competition in areas such as IT, finance and oil & gas services is intense and it is fought on a global basis. We need to give both contractors and full time employees the best possible skills and allow the self-employed the tools to move from slow growth parts of their market to take advantage of growth opportunities. That is to the wider benefit of the UK economy.”

 

“Giving more sensible tax breaks on training costs will allow all UK contractors, and the UK businesses they work for, to keep moving up the value chain and avoid being stuck with redundant skills or in shrinking market segments.”

 

“The tax rules on training for contractors don’t reflect how contractors work or the rapidly evolving needs of the businesses that use them. It would make a lot more sense if contractors could claim for any business training as a business expense.”

 

Professional Representation Network explains that contracting is now a career choice for many highly skilled professionals and it is likely that in the next few years more professionals will choose to become contractors.

 

Adds Kristian Gourlay: “The tax rules need to change so that contractors have the opportunity to develop as wide a skills base as necessary.”

 

“If businesses can’t find the skills they need amongst UK contractors, when they need them, the reality is that they will be forced to look overseas.”

 

U.S. Automobile Industry Coming back Strong after Slump Five Years Ago

After the worst economic downturn in the U.S. since the Great Depression, many economic indicators show signs of a recovery. The Dow recently eclipsed the 16,000 level when it was below 10,000 just five years ago.

What has also improved is the health of the U.S. auto industry. In 2009, the outlook was bleak, with some auto companies needing bailouts. Since then, sales numbers have been on the rise with a strong 2013 and the expectation of an even stronger 2014.

Industry Slump of Late 2000s

The domino effect of the financial market meltdown affected jobs, housing and the automobile industry. Both General Motors (GM) and Chrysler accepted government bailout money to avoid going out of business.

North American vehicle production dropped to 8.6 million units in 2009, the lowest number since 1961. The 2009 total is less than half the 2000 total of 17.7 million, when production reached its highest point. About 1,600 dealerships went out of business during this time.

Turnaround after 2010

Significantly improved numbers are evidence the industry is making a comeback. Over 15 million cars were sold in 2013 in the U.S., more than 50 percent higher than in 2009. The industry expects to do even better in 2014, predicting sales of over 16 million units.

The turnaround has had a positive effect on suppliers and retailers. Alcoa, the world’s third-largest producer of aluminum, supplies lightweight alloy materials to auto manufacturers. It recently completed a plant expansion in Iowa and will expand another plant in Tennessee. Both expansions will total nearly $600 million.

Retailers are also seeing improved numbers. AutoNation, the largest auto retailer in the U.S. owns and operates hundreds of local dealerships, like Tampa, Fla.-based AutoNation Nissan Brandon.

Numbers improved for AutoNation in February in spite of cold weather, which kept many customers at home and left the overall light vehicle industry flat. New vehicle sales increased four percent, with luxury car sales up seven percent from a year ago. Domestic and import brands were also up, as were same-store sales.

Why the Turnaround Happened

One of the most important factors in the turnaround is that jobs are starting to come back. The auto industry alone has added over 173,000 jobs in the last four years. Unemployment numbers are down from 2009, leaving customers with more disposable income to buy or lease new vehicles.

Another key factor is that the auto industry made adjustments to how it operated. Gasoline prices had reached an all-time high in the summer of 2008, just before the global financial meltdown. The economic crash made people rethink the way they handled transportation, as they sought alternatives to cars that run on fossil fuels. The industry responded with hybrids, electric vehicles and cars that could run on different fuels.

The industry is also avoiding things that cost a lot of money. GM, for example recently slowed down production on particular models that did not sell as well as expected. In the past, the company would have maintained production levels and offered generous incentives to sell off the excess.

If predictions are accurate, 2014 sales and production will come close to 2000 levels. Thanks to an economic turnaround and an auto industry that changed with the times, cars are more efficient and technologically advanced, leaving consumers with more options than before.

 

5 Ways to Get Cash in a Hurry

Sooner or later we may need cash in a hurry whether you need it to pay outstanding bills, keep your business going or unexpected expenses that typically come across at the worst moment. Very few people save money with the goal of having a savings fund at hand, which could certainly be the solution to cover those last-minute expenses. However, what are you going to do if there is no savings fund that you can pull money out from?  Below are some tips to get cash in a hurry.  You also might find this article about 7 quick ways to make money helpful.

Borrowing Money

Perhaps the first idea coming to anyone’s mind is borrowing money but, do you think you can get it? You may or may not because applying for a loan depends on your credit history to get it approved, but you can always try to borrow money from family or friends, or apply for payday loan that is the easier to get.

Looking at Advances

You many know that it is possible to get an advance from credit cards, but if you have none, it could be possible to get advances from your employer. Many companies have savings funds that allow employees to borrow money from them, or you might get some money from your salary in anticipation of your next paycheck, if not your whole paycheck.

Are You Up to Work?

Finding a second job may take some time, but still is an option, there are other small jobs that you could do for fast cash in a hurry, including asking your neighbors for a money-making opportunity to clean their garage, or help people to carry their bags when they go to the supermarket. You may find many other ideas to do a quick and paid job.

Money Waiting at Home

Yes, whether you have put aside a stash of money that you have forgotten or some cash into the pockets of your clothes hanging in the closet, you may also have idle money in those all items that you do not need but only occupy space at home. You can sell all of these to get quick money.

Making Use of Your Imagination

There are several other ways to get fast cash in a rush, including selling items that you can craft, or your services either to teach people how to get something done, or offering professional advice on your field of expertise, just advertise your services using online and offline classified ads to get a faster response.

A quick guide to the benefits of payday loans

Payday loans, cash loans, same day loans. In recent years they have become a high street mainstay and have actually helped a great many people gain effective short term solutions to unforeseen financial circumstances.

The cost of living has increased dramatically. Food, fuel, gas, water and electricity have all undergone increases and can be difficult to manage at once, especially in the few days towards the end of the month when wages are yet to arrive in your account. This is where payday loans can help and below are just a few reasons why:

They are fast

Many loans are available on the same day. A remarkable change from several years ago when getting a loan meant repeated visits to the bank or building society and meeting after meeting with financiers. Now, they are extremely easy, as many companies have recognised the need for individuals to borrow small amounts of money extremely quickly to cover essential costs. For all your payday loan needs go here and find out how one could help today.

They are dependable

If you are on a fixed income salary and need a short, rapid injection of cash to help with bills or unforeseen overheads until your wages clear then it’s highly likely that you will be eligible for a payday loan. Companies and financers have a legal obligation to ensure responsible lending so will only lend you an amount you can afford to pay back. They are not a long term financial plan, like credit, but something to help with any financial struggles in real time.

They are often just a phone call away

Text loans can even be approved over the phone. This is important as it represents the next step in convenient, fast lending which aims to match the demands of modern life with suitable financial products. By being able to apply for a loan either over the phone or online customers who are short of money are given quick and immediate relief.

Similarly, if you are in a situation that demands that you cannot leave your location (such as a household item or household repair that needs attending to immediately) then you can get a loan approved from wherever you are. As money can be transferred into your account within a matter of hours with some lenders, you could even have the money to pay for the repair before the work is completed.

For the full details about text loans visit this site.

How to Prepare Yourself for a Potentially Really Brutal Debt Ceiling Fight in 2013

Money is such an emotionally charged topic that many people try and avoid it until it really matters. Inevitably, many of us will have to deal with our piling debt. One solution for dealing with it all is debt settlement.

Here are another ten useful tips by Consolidated Credit that could keep you from getting saddled by credit debt in the coming year.

1.     Reduce Interest Rates If Possible

Almost every student loan lender has some kind of interest rate discount for people who set up direct deposit. The discounts are usually not huge, but they can help you save a lot of money in the long run. It would also be good to check with the lender to see if they have any other interest rate deductions. Lenders are often able to reduce the interest rates based on factors like having a high credit score or having a history of on-time payments and even if they cannot, it doesn’t hurt to double check.

2.     Loan Consolidation

In some cases, loan consolidations can be real life savers. A person can also reduce interest rates with loan consolidation. A person will need to pay close attention to the effect it will have on all the loans.

3.     Bigger Payments

It does sound obvious, but it still deserves attention. Sure, the easiest way to pay off a loan faster is to simply pay more each month. But how much more should a person pay? And will the lender accept the increased payments? These are important questions that need to be answered.

4.     Earn More To Pay Back The Loan

Of course, it’s hard to make larger payments towards a loan if you don’t have additional money in the first place. Taking up a second job is the best way to earn extra cash that can then go towards paying off the loan.

5.     Budget Better

To budget your expenses is always going to help in the end. Make a monthly budget and try not to over- spend. Your budget will be the one thing that will help guide your way towards paying off the loan faster.

6.     Save Money

It is extremely important that you save money. Without proper savings, you will definitely find it harder to pay off your loans or credit debt.  To accomplish this, it will help to save money in every aspect of your life, from going to the grocery store to visiting restaurants on weekends. Consider carefully the price of every item you purchase and ask yourself if you really need it.

7.     Give Yourself A Goal

If additional income is not being generated, it is okay to compensate by putting monthly expenses like utility and grocery bills on the credit card. But make sure to make your monthly payments on time to avoid credit debt.

8. Be Realistic

The worst way anyone can unknowingly sabotage their own debt-free goals is by considering themselves to be perfect and trying to accomplish difficult outcomes in short time periods. When you set unrealistic expectations for yourself, chances are you will fall short and be disappointed

9. Track Your Spending

One solution is to track your spending. If you use a proper spending plan (aka budget), it will help you make frugal choices. To be successful with your goal, you’ll need to act based on the budget you find yourself on.

10.  Understand Your Interest Rates

Most of us have taken out loans at some point in our lives but we often neglect to understand how the interest rates work. Whether your debt consists of student loans, credit cards, an auto loan, a mortgage, or all of the above, devote some time to reading the fine print on your statements so that you understand exactly what you’re paying each month and why. One solution is to identify the loan with the highest interest rate and put it in your cross hairs first.

Conclusion

Inevitably, many of us will have to deal with our piling debt. One solution for dealing with it all is debt settlement. These practical ways should help to evade or at least cushion the fall. Otherwise, the muscular debt ceiling is sure to slice us all from dimple to duodenum.

Author’s Bio:

This article is composed by Elaine McPartland who is associated with “Consolidated Credit” as their community writer. She has an expertise in writing articles related to debt consolidation and how to pay off debts easily and smoothly. You can add her at her google+ profile

Office and Home Fire Safety Rules that can Save your Life

There are many health and safety regulations in the workplace designed to keep employees
safe, especially when it comes to fire. It may seem like there are a lot of rules to follow, but
the day may come where following the rules could just save your life.

Fit smoke alarms from fireprotectiononline.co.uk at regular intervals throughout the
workplace to detect the first signs of fire. Test the alarms every three months and change the
batteries annually whether they are running out or not.

Every 10 years replace all smoke alarms with new ones even if they appear to be working just
fine. It may seem like a waste, but if it saves a life it’s worth it.

Only smoke in designated smoking areas and be certain to extinguish all smoking materials
thoroughly.

Keep tidy at work and don’t ever block off emergency exits. Clutter can not only provide fuel
for fires, it can prevent people from being able to escape a burning building.

Fit appropriate fire extinguishers from fireprotectiononline.co.uk throughout the building
and make sure there are plenty of people who know how to use them properly. Hold regular
reminder sessions and make sure key members of staff have attended fully certified training
courses.

Store chemicals and other hazardous items correctly in accordance with HACCP regulations.
Make sure these regulations are clearly displayed wherever chemicals are used or stored.

Always follow instructions on disposal of containers that have previously held chemicals.
Always wear protective clothing if required.

Report any electrical hazards or other potential fire risks immediately when you see them.
Don’t ever presume somebody else will take care of it or put it off because you are busy, or
you could be risking lives including your own.

Keep on top of machine maintenance and make sure all electrical equipment has an up-to-
date safety test certificate clearly displayed.

Always read the fire safety regulations for your building. These should be clearly displayed at
regular intervals throughout the workplace. You should be shown them on your induction day
but if not, ask.