Archive for December, 2010


Merry Christmas from 247Moneybox.com


Friday, December 24th, 2010

We were all dreaming of a White Christmas until we saw the devastating effect of the snow on the railway service. We may implode if we hear the word delay once more.

There’s not many things you can rely on in life, but a touching story reported by BBC News this morning has brought back our Christmas spirit, our faith in the goodness of humanity and, not least, in the National Rail service.

We can’t do justice to the full story so please do read it, but to summarise, one Good Samaritan’s act of selfless kindness in 1982 allowed writer Bernard Hare to visit his dying mother in hospital. And in the end, all he asked for in return was to do something good for someone else in the future. A heartwarming story.

From all of us at 247Moneybox.com, have a Merry Christmas and a Happy New Year!



Interest rates due to soar


Thursday, December 23rd, 2010

The Bank of England warned today that interest rates could rise to as much as 5% next year. Mr Fisher, the executive director of markets and a member of the MPC (Monetary Policy Committee), said the bank is looking to make the increase as soon as possible.

Families could see their monthly mortgages soar ten-fold if the bank makes the decision next year.

There were more concerns today about the strength of the UK economy during the recovery from the recession. The economy grew by 0.7% in July, August and September, rather than the 0.8% initially reported, the Office for National Statistics said. Growth in the first six months of the year was also slightly lower than expected.

Here at 247Moneybox.com we are worried that raising the interest rate too quickly could bring the economy to a grinding halt. With imminent deep cuts to public spending and the inevitable VAT rise, it’s going to be a tough year.



A dog is for life, not just for Christmas


Wednesday, December 22nd, 2010

Here at 247Moneybox.com we’d like to extend our congratulations and birthday greetings to Battersea Dogs Home on its 150th birthday.

Since it was founded in 1860 it has provided sanctuary for over 3 million animals, and last year alone it found homes for more then 10,000 dogs and 3,500 cats. Battersea relies on help from more than 400 volunteers and costs more than £13 million annually to run, relying solely on donations from the public.

If your kids are crying out for a puppy this Christmas, remember they aren’t cheap! Please bear in mind these good people at Battersea and their message: only buy a dog if you can really take care of it over the long term. Remember, a dog is not just for Christmas but for life.

blog-dog



Our courier gave us a Christmas cracker!


Friday, December 17th, 2010

Here at 247Moneybox.com we are always looking to laugh. Especially at this time of year we feel it’s the time to be happy and jolly.

Today our usual courier arrived at 247Moneybox.com HQ to deliver all our Christmas prezzies. He had a big smile on his face and came out with this Christmas belter.

He said, “Since it’s snowed, all my housemate has done is look through the window! If it gets any worse I’ll have to let her in!”

Now as some of you may know with Christmas around the corner and in the run-up to the festive season, we’ve decided to laugh a little and make you laugh with us! So here’s what we thought we’d do. Every day we will post a few Christmas jokes that’ll have you laughing your red Santa socks off! Let’s forget the heavy stuff for a minute and have a little giggle! Spread the Christmas cheer by sharing your jokes with us too. All you have to do is go to our 247Moneybox.com Facebook page. Enjoy!



Facebook founder is ‘Time’ Person of the Year


Thursday, December 16th, 2010

Beating Julian Assange, the founder of Wikileaks, into second place, Mark Zuckerberg scooped the prestigious recognition of Time Magazine’s Person of the Year. The aim of the title is to recognise the person who has “for better or for worse… done the most to influence the events of the year”.

A surprise choice perhaps, however ’ Time’ editor Richard Stengel said that the choice for this year’s award shows how much the way we communicate has changed. “The way we connect with one another and with the institutions in our lives is evolving,” he said. ”More than anyone else on the world stage, Facebook’s Mark Zuckerberg is at the centre of these changes.”

facebook

Here at 247Moneybox.com we don’t find it such a surprising choice. We think that Zuckerberg’s success is down to his view of the internet as a way of connecting people as opposed to others who see the internet just as a network of computers.

However, being the portal to the internet is a very powerful position to start thinking about the monetising potential, and, who knows, maybe we are seeing a true rival to Google.



Does money make you happy?


Tuesday, December 14th, 2010

We are always told it doesn’t, and how do we define happiness, etc. However, a study of life satisfaction by the journal ‘Proceedings of the National Academy of Sciences’, reported in This is Money, found that “while people may feel more positive in the short-term [when they have more money], the shine quickly wears off. However, within an individual country, the rich are happier than the poor.”

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So, it’s not simply the amount you earn that matters but, more importantly, that you earn more than your peers. This theory is known as the Easterlin Paradox, after its first proponent Richard Easterlin, who coined the term in the 1970s. According to Easterlin, “Simply stated, the happiness-income paradox is this: at a point in time both among and within countries, happiness and income are positively correlated. But, over time, happiness does not increase when a person’s income increases.”  He added, “China’s growth rate implies a doubling of real per capita income in less than 10 years, and Chile’s in 18 years. Yet both China and Chile show mild declines in life satisfaction.”

While any longitudinal study is always interesting, the crux of the issue – does money make you happy? – is still a humdinger, and one that can be framed in so many ways that the words ‘can’ and ‘worms’ spring to mind.

Here at 247Moneybox.com we think that while money may not make you happy, being out of control of your finances can certainly make you unhappy, and that’s where we might be able to help.



Bank charges more than payday loans


Monday, December 13th, 2010

After Natwest finally reviewed and lowered their overdraft fees, it came to light this week that defaulting with a bank could be far more costly than a payday loan, which is often cited as having exorbitant fees. This is backed up by Money Saving Expert’s recent survey.

The government has issued previous warnings to banks to lower their overdraft fees and charges to consumers, however until now these have been ignored. After the multibillion pound bailout it is frustrating to taxpayers, who partly own these banks, to still be subject to the high and often very confusing charges.

To add insult to injury for the customer, banks do not have to include these sort of fees in their APR calculations for overdrafts.

Visit www.247Moneybox.com to see if our loan options might be suitable for you.



Ethical shopping needn’t cost an arm and a leg


Friday, December 10th, 2010

Given the last blog on the shocking treatment of pigs on some European farms, including in the UK, we here at 247Moneybox.com noted that buying ‘high welfare’ doesn’t necessarily mean free-range and organic, which we all know costs extra. However, there are ways to keep a clear conscience and not have to fork over the extra pennies.

For example, reuse your plastic bags or, better still, why not purchase a few durable shopping bags and use them instead? These are available in any number of patterns and styles – such as the familiar tartan ones often used by market traders transporting their wares – and indeed are fast becoming all the rage.

Another thing you can easily do is to choose your produce carefully. If you buy seasonal fruit and veg, much of the contents of your shopping basket will come from the UK, which involves a much lower transportation footprint than those winter strawberries flown all the way from the southern hemisphere.

In a similar vein, some supermarkets have air travel stickers to help you make an informed choice. In addition, you could go the Good Life route and grow your own produce. It doesn’t have to be River Cottage but you’d be surprised what even a few plant pots can produce to supplement your weekly shop for a fraction of the cost.

With Christmas approaching, the pressure to “buy buy buy” is enormous. This includes food that you wouldn’t normally buy and indeed in quantities to feed a medium-sized army. There are lots of recipes out there for using leftovers creatively and to make them stretch further.

granny



247Moneybox.com supports compassion in world farming’s campaign to end illegal pig farming


Thursday, December 9th, 2010

There have been some light-hearted pig-related blogs recently; however, our chosen charity for the year, Compassion In World Farming, has been running an investigation for the last 18 months showing some truly shocking farming conditions that raise a host of animal welfare concerns.

Specifically focusing on pig farms across Europe, the charity has discovered “an apparent disregard for pig welfare law and political failure to enforce it.”

As revealed in the video released at a press conference in Brussels earlier this year, the extent of the mistreatment is shocking. Pregnant sows are kept in tiny pens without the space to even turn around. Piglets are weaned at 3-4 weeks and put into common piglet pens which, without their mother, can cause them enormous stress. Some pigs are kept without straw on slatted floors with only a chain or tyre to distract them; some do without even that.

The video points out that high welfare doesn’t necessarily mean free-range and organic. Keeping pigs indoors in low-density, well-ventilated pens may be more conducive to the animal’s welfare.

The overriding message is that the consumer can vote with their wallets, buying only those pork and bacon products that carry national and international stamps of high-welfare breeding.

What is striking is that there are laws and regulations, and just as we strictly abide by our Consumer Credit Licence we think farmers across Europe should do the same.

Here at 247Moneybox.com we have a natural affinity for pigs and, just as we like to look after our 247Moneybox.com pig in the most humane way possible, we would want farmers out there to do the same. So visit Compassion In World Farming’s website and find out ways you can help put an end to illegal and inhumane pig farming.

The Farm Animal Welfare Charity

The Farm Animal Welfare Charity



Pigs in classroom for lucky schoolchildren


Wednesday, December 8th, 2010

247Moneybox.com was thrilled to hear that the miniature pigs Charlie and Lola (named after the Cbeebies characters) have made St Edwards Primary School their new home. They were brought in by reception teacher Lisa Pierce, who said, ”‘It makes the children a lot calmer and more nurturing.” The animals are just the latest addition to the school’s mini zoo, which already includes goats, hens, cockerels, rabbits, guinea pigs and chinchillas.

So a big thumbs up to St Edwards Primary School!  We think this is a great idea, bringing animals into contact with children so they can nurture them and hopefully learn some real life lessons.