Tag Archives: blog post

Why Playing Games Is an Interesting Activity for All Ages

(Newswire.net — November 14, 2017) — There are some reasons why some people see games as part of modernity, and something that has no stronghold in people’s lives. However, there are many reasons why video games has been, and will continue to be a very interesting exercise for all ages, especially the generations to come. Modern day video games are designed in such a way that the entire human nature is taken into consideration, and they also offer a lot of benefits to individuals and the society. So, games will always have a central position in our lives. Such reasons are listed below.

Games make people more effective

Most of the games encourage and reward some traits that may be very important in our day to day activities. People can practice what they learn from the games on how to handle danger, take care of groups and communities, and these can gain them promotion at work other benefits.

Games teach history

Majority of the video games have themes that talk about real life events. It is always normal to see people scream that they never had the chance to read about a topic or past event until they encountered such in a game. Many people have gone ahead to read, inquire, discover, and learn about cultures and events after encountering such in games.

They encourage social connections

Many people are aware of the fact that games can make people interact less with other people and get addicted to their consoles. But the stigmatization angle is defeated by the arrival of the multiplayer games and other games you can enjoy at comeon casino. With these online games, you can easily socialize. Here, players can join hands in solving a puzzle. In some games, they also play against each other online. These relationships mostly grow into offline associations.

People learn to make decisions fast

Games get people into a situation where only split second decisions can save them. This makes the mind very active. With it, players learn how to answer questions, react to situations, and take actions in terms of emergency faster than others. This will make games relevant for as many years as the world sees in the future.

Games reduce cravings

People who are heavy in activities like drinking, smoking and excess eating come out from games with less urge for these things. The result of a study carried out in a university reveals that these desires are reduced by 24 percent after a game session. People will always like to relax with something they’ve been told is harmless to them than those they’ve been warned about their harmful nature. So they will always choose the games.

Improves visual abilities

The level of performance that gamers enjoy when they do visual tasks trumps that of non-gamers. Such tasks like the tracking of many objects at the same time without losing focus are enhanced through gaming. Removal of unwanted information to focus on the important one and picking out of alterations in visual layouts are better performed by gamers. With such studies and writings promoting the results, people will still get into gaming.

Games are cheap

One reason why gaming will continue to interest people till thy kingdom come is that it is an affordable leisure. People do not have to break the bank to download games and play on their devices or to buy some consoles. So, they will keep buying and enjoying them.

Enhances memories and multitasking

Discoveries by university of California’s neurobiologists have it that people who play games will enjoy a boost in their memory power. This information will help keep the games on our tables for long. Gaming also helps people to master the practice of multitasking, and this is very essential in our technology driven world. 

Source: http://newswire.net/newsroom/blog-post/00098629-why-playing-games-is-an-interesting-activity-for-all-ages.html

Things to Consider When Shopping For a Nano Drone

(Newswire.net — November 11, 2017) — When the first drone was released on the market, consumers were very intrigued. While these consumers may not have ran out there to purchase a drone, they were definitely interested enough to start researching. Today, thousands of people have invested in drones and others are contemplating following in suit. If you are still contemplating, you will need to explore your options and do research on each of them, before making an investment. Below, you will discover more information and some news about the miniature drone.

Know What You Are Buying

Before you invest your hard-earned money in a new drone, you should know exactly what you are buying first. Not only do you need to be familiar with the drone’s size, but also its motor, prop, electronic speed control, camera and frame. All of these components play a major role in how well the drone will perform. If it is lacking in any aspect, it may not have the ability to fly long distances or capture images of the view. If you fail to research each component, along with the size of every model available on the market, you may end up regretting your decision later on down the road.

Know What It Will Be Used For

It is only normal for a large drone to cost more than a miniature drone. If you are looking for a drone to fly over a sporting event to capture pictures, you should expect to pay more than you would for a mini drone. If you are looking for a model to utilize inside your home, the mini drone will work perfect and will not cost you a fortune.

The Growing Commercial Drone Market

As you likely already know, the drone market has continued to grow enormously during the past few years. In 2016, it was estimated that the drone market generated roughly $1,000 million. It is expected to increase tenfold over the coming years. By 2024, it is believed that the market will account for $3,551 in revenue. Unmanned aerial vehicles or drones have found a place in many modern industries, including law enforcement, surveillance, real estate, and even farming. In 2016, the government sector generated the highest amount of revenue for the drone market.

Mini-drones have proven to be very popular for surveillance and law enforcement. This trend is likely to continue well into the future.

India Regulations

This year, the Indian government took steps to begin regulating the manufacture, sale and operation of drones in the country. These regulations will cover personal and commercial use of drones. The Indian government expects the official Civil Aviation Requirements for drones to be set in stone by the end of December. Once this happens, drones will be classified by numerous factors, including their weight. Under these new regulations, nano drones will weigh 250 grams or less. Others would be referred to as micro, mini, and small.

The regulations also place stipulations on the usage of drones in India. For instance, they can only be operated within a 5-kilometer radius of an airport and within 50 kilometers from an international border. Suffice to say, drone operators in India will need to familiarize themselves with these new laws as early as possible, so they do not get fines for improper use.

Source: http://newswire.net/newsroom/blog-post/00098589-things-to-consider-when-shopping-for-a-nano-drone.html

5 Tips to Obtaining a Mortgage For the First Time

(Newswire.net — November 11, 2017) — Buying a home is normally a huge deal for every individual. The process can be exciting and draining as well, especially for first-time home buyers who don’t quite know exactly what to expect. However, you can simplify the process by conducting a little research.

This article highlights five important tips to obtaining a mortgage for the first time.

1. Check your credit score

One of the major factors that determine how much loan money you can get is your credit score. This credit score will not only determine what home you can afford but also the interest rate for paying up your loan. So before applying for a mortgage, it is important to calculate your credit score and know your credit report. The credit report will help you determine the type of loan you qualify. It also helps during damage control, allowing you to be eligible for a mortgage in the future.  

2. Put your documents in order

When applying for a mortgage, you will be required to provide some documents. They include your income, tax returns, social security card, marriage license (if you are married), personal information, contact numbers and more. It is important to know the required documents so that you can put them in order before seeking a lender for a mortgage. Buying a home can take longer than expected. However, knowing what you need and where to find it will save you time once the process commences.

3. Evaluate assets and liabilities

As a first-time homeowner, you should monitor your monthly cash flow. This will help you to know how you spend your money and how much money is left for savings. It is important to weigh how much money you are getting monthly and how much is owed. In addition, as a first time home buyer, you should be acquainted with the basics of mortgage lending. This includes having an idea of how the lender will view your income. For instance, some professionals (such as independent contractors) may need to show their incomes history of not less than two years before qualifying for a loan.

4. Know your limit

Before the lender can tell you how much you can afford, it is important to calculate how much you can pay for. You also need to know how much down payment you can afford to pay for the mortgage. Next, determine your debt ratio so as to identify your limit. It is required that for a monthly payment of the mortgage, it should not be more than 28% of your pre-tax income and your total debt (including the mortgage) should not be more than 36%.

5. Shop around for mortgage lenders

One of the common mistakes that first time buyers commit is accepting a mortgage before weighing other options first. Do not settle for the first mortgage that comes your way. Instead, consider others with low rates. The difference in rates can appear small but it can save you hundreds of dollars over time. One of the best mortgage lenders is Altrua Financial. They strive to provide their clients with the ultimate mortgage experience by giving the best rates and unbiased mortgage options and guidance for best result.

Source: http://newswire.net/newsroom/blog-post/00098588-5-tips-to-obtaining-a-mortgage-for-the-first-time.html

6 Things You Must Know Before Filing a Car Accident Injury Lawsuit

(Newswire.net — November 11, 2017) — No one plans to be involved in a car accident. It’s painful and very traumatic, especially if it happened due to the recklessness or negligence of another person. More important is the fact that it could even lead to death.

Most victims of a car accident experience brain injury, neck and back injuries, diaphragm rupture, chest injuries, pelvis and abdominal injuries, etc.

These can cause a lot of depression, especially if a body part has to be amputated due to the degree of the injury.

You might probably just want to settle the case amicably and get a fair settlement without going for court proceedings every other day, but what if the other driver refuses to be fair? What if he doesn’t agree to the fair settlement and tries to turn it all on you?

There’ll be no other choice left than to file for a car accident lawsuit.

Confused on where to begin? Here are 6 things you should know before you file a car accident lawsuit.

1. Speak to the other party’s insurance company

Before you file a lawsuit, contact the insurer of the person who caused the accident.

You will have a representative from the other party’s insurance company assigned to your case and you’ll be asked to give your version of the event and also make a statement.

Rest assured that the insurance company will try to deny or undervalue your claim, that’s why you have to hire an experienced car injury attorney beforehand.

He/she’ll guide you through the process to ascertain that none of your claims go unprocessed.

2. Medical records of your injury

Before you file a car accident injury lawsuit, you must know that having a medical report is important.

Medical documentation such as diagnostic testing results, treatments given while at the hospital, drugs prescription from the doctor and emergency room records. Get receipts for every bill you paid and prescribed drugs bought.

If you have all these present, you’re one step ahead of the other party.

3.  Pictures of accident scene

Car accident attorney Stephen Babcock advises that you take pictures of the scene immediately after the accident. It may be very difficult to stand on your own due to the injuries sustained, but you have to know that it’s important to take pictures of the accident scene –especially colour of the car, plate number, driver, damages caused to your car and injuries sustained.

If you decide to return to the accident scene the next day, the supposed evidence might have been altered by man or nature, so it’s better you do it immediately.

Keep these pictures safely and away from social media if you truly intend on filing a lawsuit.

4. Doctor’s statement

You’ll need a detailed statement from your doctor, stating the nature of your injury, drug prescriptions and recommended treatment.

In case of permanent damage, your doctor would outline care procedures you’ll need in the nearest future.

5. Try to stay away from social media

You have just been involved in a car accident, it’ll be quite unbelievable if you start posting videos of you drinking and driving, texting behind wheels or even doing physical activities such as yard work or exercises.

Posting activities like these on social media can be used against you in court, giving the opposite party an upper hand.

6. Consult an attorney

Before you file a lawsuit, it’s best you consult an experienced attorney. He/she will guide you through the process, ensuring that you get the justice you deserve.

Experiencing a car accident injury is very unfavourable and can change your life entirely, or even cause the loss of a loved one. It’s only fair you get appropriate justice.

Follow the 6 tips above and you’ll have yourself a solid case to file.

Source: http://newswire.net/newsroom/blog-post/00098585-6-things-you-must-know-before-filing-a-car-accident-injury-lawsuit.html

Having Your Home’s Exterior Repainted? 4 Reasons Why You Should Use High-Quality Paint

(Newswire.net — November 10, 2017) — Taking on various home improvement projects is essential when trying to keep a residence looking great. One of the most common projects homeowners will take on is repainting the outside of their residence. Whether painting the inside or outside of your home, getting the right supplies is a must. If you are like most homeowners, you know very little about painting supplies. Seeking out guidance from painting professionals is a fantastic idea. Without the right supplies, getting the right results from this type of work will be nearly impossible. Rather than skimping on the quality of the paint being used on the outside of your home, you should invest in high-quality paint. Below are just some of the reasons why investing in high-quality paint is a good idea.

1.  Higher-Quality Paint Lasts Longer

The main reason why investing in higher quality paint is a good idea is because it can last longer. Generally, a quality paint will last up to two times longer than lower grade paint will. With a better paint, you can get the pristine look you are trying to achieve with this home improvement project. Even though buying a cheaper paint will save you money, it will cause far more headaches for you in the future. Plus, if you have to repaint your home in a shorter amount of time, you are actually spending more by purchasing a cheaper paint. Also, a higher quality paint will not require you to put on as many coats. This will usually result in you having some leftover, which is great when you have to do a few touchups.

2.  Easier Application

If you are purchasing the materials for professionals to use during the painting of your home, you want to make sure you get a paint they can easily work with. When applying exterior paint, you want to make sure it goes on evenly. A higher quality paint will flow easily and hides imperfections as you apply it. This means the professionals can cut down the amount of time they spend rolling on the paint and touching up. Most homeowners also fail to realize that higher quality paint does not splatter as much during the application process. This means the cleanup involved after this painting job will be easy and far less stressful than when using a low-quality paint.

3. Built to Endure

Investing in higher quality paint will also allow you take advantage of the endurance and durability it has. With this type of paint, your home will show less dirt and will stay looking its best for a long time to come. Cutting corners and investing in cheaper paint will only create more problems for you in the future. The short term financial savings cheaper paint will provide you will not be worth all of the trouble you will face in the future. Allowing professionals, like the ones at Paysons Painting, to offer advice during the exterior or interior paint selection process is essential. These professionals can take the needs that you have and use this information to find the best possible paint for your home.

4. What Makes a Paint Higher Quality?

You may be wondering what factors to consider when trying to pick the right paint. In most cases, quality paint will have some of the following characteristics:

  • The Volume of Solids- In higher quality paints, you will have a higher percentage of binders and pigments. These paints will also have a lower volume of liquid. Ideally, you want latex paints to have around 70% to 80% solids.
  • Titanium Dioxide- You should also look at the titanium oxide levels when trying to assess the quality of a paint. The higher the titanium dioxide levels in the paint, the few coats you will have to apply. A titanium oxide level of around 20%-25% is considered good.

Getting help from the team at Paysons Painting is the best way to ensure your interior and exterior painting is done the right way. 

Source: http://newswire.net/newsroom/blog-post/00098581-having-your-home-s-exterior-repainted-4-reasons-why-you-should-use-high-quality-paint.html

21 Bicycle Safety Tips

(Newswire.net — November 9, 2017) Woodbridge, VA — In many states, cyclists operate under the same laws as vehicle drivers, with the same rights and responsibilities. But, they only have a helmet for protection and are much more vulnerable in case of an accident. Practicing defensive cycling will help keep you safe. Use these safety tips to have enjoyable and safe cycles.

Before you ride:

  • Always wear a helmet.
  • Wear bright and reflective clothing. 
  • Wear form-fitting clothes that will not get caught in the chain.
  • Inspect your bicycle for damaged, broken, or worn parts and replace or repair accordingly.
  • Select a route with bike lanes, or at a minimum, wide curbside lanes, and good lighting.
  • Check your planned route for any obstructions, railroad tracks, bus or truck routes and bridge hazards.
  • Make certain your route does not include any interstates or highways which do not permit bicycles.

Register Your Bike:

  • You can register the serial number of your bicycle with your local police department.

Required Equipment:

  • Bicycles ridden on a highway must have brakes that skid on clean, dry pavement.
  • Bicycles ridden between sunset and sunrise must have a white light visible 500 feet on the front and red reflector visible 300 feet on the back. 

On the Road:

  • Never ride against the flow of traffic, always ride in the same direction as the vehicles on the road.
  • Obey all traffic signals, signs, markings, and lights.
  • Cycle as close as is practical and safe to the curb.
  • Be extremely cautious around large vehicles, as they tend to make wide turns and roll back when starting up.
  • Reduce your speed at intersections and make eye contact with drivers as not all drivers stop or yield at intersections.
  • Watch for turning vehicles, especially a driver turning across your lane, or a driver turning onto the road you’re on from a side street.
  • Signal your intention to turn, stop, or change direction. Remember, you may turn left either with pedestrians or vehicles. 
  • When passing a vehicle, you may do so on the right or left. You may stay in the same lane as the vehicle, change to a different lane, or ride off the road.

 In Case of an Accident:

  • Report accidents directly to the police if the accident involves any injury, property damage or death.
  • Give your name and contact information to anyone involved in the accident. 
  • If the accident involves damage to property, you must make effort to find the owner and report the accident. If you can’t find them, leave a note at the site and report the accident directly to the police. 

*This post is in thanks to the VA DMV


13003 Smoketown Road
Woodbridge, VA 22192
United States
Source: http://newswire.net/newsroom/blog-post/00098558-21-best-tips-bicycle-safety.html

Why Your Blog Isn’t Making Big Bucks

(Newswire.net — November 9, 2017) — Listen. I don’t want to be the bearer of bad news or anything, but chances are that blog you’ve been working so hard at, the one you write for every day, it probably isn’t going to pan out. Don’t take it too hard, according to some estimates there are at least 400 million blogs circulating worldwide. Taking into account the world’s total population is somewhere around 7 billion people, that is only 17.5 people for each individual blog. Not a lot of wiggle room there. It’s just a dose of cold, sobering, reality that the majority of blogs end up failing. That doesn’t mean they can’t be a success though. If you listen to the people who have created a successful blog, they all say the same things. 

Spend Less Time Creating and More Time Promoting

The beginner blogger thinks that if he or she creates enough content, or if they are able to just get that one lucky review, they will make it big. It’s like math, one would think. More blogs = more chances at being seen. Also, More blogs = better blogs. Neither of these are true though. You can write a 1000-word blog a day, but it won’t matter if you can’t bring people into to see it. What you need to do is spend less time creating and more time promoting.

I know, I know. Promoting sucks. It is the cancer that ruins art. It’s time-consuming, at times awkward, and can feel like selling out. Get over it. If you want to have a successful blog you have to not only be dedicated to creating content, but you also have to be ready to push its existence out into the world at every opportunity. I’m not saying you should shout from your rooftop about how great your snickerdoodle cookie recipes are (you should though), but you have to understand that if you don’t tell other people about it no one will care. 

One easy way to promote your own blog is pitch guest blog spots on other people’s page. Find a blog you admire (perhaps one with a tad more followers than yours) and approach the author of the page about writing a guest blog. Offer your website as a spot for them to write as well, and if all goes well you will have gained new pairs of eyeballs on your blog just like that! If someone doesn’t want to do it don’t worry about it. Again, there are 440 million blogs out there, someone is going to let you ramble for a bit on theirs.

Another way to increase your viewership is Search Engine Optimization (SEO for short). Almost all web traffic is filtered through search engines like Google and Yahoo. SEO means that you reconfigure your website to be more visible when people look for things on a search engine. Check out this article for more information on how it works.

Email lists, contests, and shameless self-promotion at every and all public events are also effective ways of marketing your blog 

Be Honest

I don’t think I need to spend much time on this topic but for those who don’t know: if you are writing about something because you think other people might like it, and not because you yourself believe in it, then you need to stop. Seriously. People can tell when someone is being genuine or feigning interest to get followers. It may seem appealing to have a weekly soccer blog because you know it’s the most popular sport in the world, but if in reality, if you’ve never even kicked a ball let alone watched a full 90 minutes, it probably isn’t going to work out. You should write about polka, or the migration patterns of water buffalo, or whatever it is you are into.

Your Web Hosting Platform is Insufficient

Ok, so say you are promoting like it’s nobody’s business, and you are creating content that you really truly believe in, but the blog just isn’t panning out. Before you pack it in and curse the internet gods for all your bad luck, you might want to check you web hosting platform. It could be that the traffic you are getting might outstrip the capabilities of the servers that your website is running off. Many bloggers who start experiencing higher volumes of traffic switch to managed WordPress hosting, dedicated servers, or virtual private servers (VPS). Matching the capabilities of your web hosting platform to your blogging needs will ensure that every visitor to your site is focused on the content and experience they are having, not how long it takes for each web page to load. 

Wrap Up

Not every blog is going to be a success. Still, you can maximize your chances by increasing the amount you promote your blog, sticking to what you know, and making sure your website is always running in tip top shape. Get writing.

Source: http://newswire.net/newsroom/blog-post/00098563-why-your-blog-isn-t-making-big-bucks.html

The Top 3 Ways to Lose Weight Fast

(Newswire.net — November 9, 2017) — Since we are very often swamped with adult responsibilities, it does get difficult finding spare time to exercise. Before we realize it, our bellies and love handles grow to enormous proportions, ensuring that our narcissistic sides stay in check. Soon enough, we give up on our dreams of getting abs because our better halves love us regardless of our shapes and sizes.

It is definitely a big problem if you find yourself in that frame of mind. It is because gaining weight has numerous disadvantages. When we become obese, we increase our chances of developing numerous deadly diseases such as high blood pressure, cancer, sleep apnea, osteoarthritis, fatty liver disease, kidney disease, and type 2 diabetes etc. Hence, it is of paramount importance for you to shed the extra pounds when you are young and capable. If you are looking for ways to lose weight fast, you have come to the right place. Without beating about the bush any further, here are the top 3 ways to lose weight fast.

1. High Intensity Interval Training Exercises

As its name suggests, HIIT is a broad term for workouts that involve short periods of intense exercise with brief recovery periods. What makes this form of exercise so beneficial is the fact that you can get maximum health benefits in minimal time. In addition to that, HIIT exercise helps burn more calories during and after a workout than other forms of exercises including aerobic training. Basically, your metabolic rate is much higher for hours even after concluding the exercise routine. Athletes have known the benefits of HIIT exercises for a long time and it is time for you to get on board with the training routine too. There isn´t a dearth of HIIT exercise videos uploaded on numerous video streaming platforms. You can easily watch them and perform the exercise routines in the comforts of your home.

2. Follow the nutrisystem program

So, what is the nutrisystem program? In a nutshell, the diverse program, created by a company of the same name, aims to help simplify weight loss by promoting and encouraging people to eat healthy items, limit calorie intake and the consumption of sodium. The month long program offers prepackaged foods. Breakfast includes options such as muffins, granola, pancakes, and oatmeal. Lunch selections include chicken and pasta, tacos, stew, soup, and pizza. For desserts, you can choose from cookies, cake, and brownies. The program also offers plenty of promo code and coupons. Therefore, if you want to lower your food expenses, you must give this program a try. 

3. Other tips

It is essential for you to eat a heavy protein-rich breakfast. Doing so considerably reduces your cravings and consumption of calorie throughout the day. You must also avoid consuming sugary drinks and fruit juice if you aim to lose weight. In order to decrease your food consumption, it is advisable for you to drink water around 30 minutes before meals. And, according to reports, poor sleep is one of the biggest causes of weight gain. Therefore, we would suggest you get a good night’s sleep, every night.

Source: http://newswire.net/newsroom/blog-post/00098562-the-top-3-ways-to-lose-weight-fast.html

The Top 4 Things That Happen in a Data Center

(Newswire.net — November 9, 2017) — If you work in a large organization or have sort services from one, then you have heard of a data center. So what exactly is a data center? It’s a department in any organization that is tasked with the control and management of all data related issues. It also takes care of an organization’s internet security issues. With advances in technology, data centers no longer need to be in-house. An organization can contract a data center solutions provider and cut on the costs of having it as a department.  To make the whole issue of data centers clearer for you, here are 4 things that happen in a data center.

1. Data capacity is constantly updated

A data center is designed to handle data transmission depending on the needs of the concerned organization. At the data center, software engineers work round the clock to ensure that the servers can handle all the data transmission needs of all the other departments, or clients if it’s an outsourced function. For instance, for large corporations like Facebook and others of that size, the concerned data centers are constantly updated with SONET connections for fast transmission. On the other hand, engineers at data centers for small organizations regularly update them with T-3 connections, which work just fine for their data needs.

2. Power supply is constantly monitored

Power is one of the most important aspects of a data center. If power goes off at a data center, all other operations in the organization that rely on it would collapse. That’s why at any data center, there are technicians who make sure that there is a 24/7 power connection. These technicians ensure that if the main power supply is off, there are enough power generators as well as UPSes in place; to keep the servers on; at all times.

3. Monitoring of the physical security of the data center machines

Imagine if a mentally unstable person were to drive a truck into an Amazon data center. There would be an instant collapse of a major segment of e-commerce all across the world. That’s why one of the things that go on at a data center at any one time is the maintenance of servers’ physical security. This is done by constantly updating the security of all servers and computers handling sensitive data within the data center. This is a 24 hour task, and it is one of the primary tasks that you will come into contact with; if you visit any data center.

4. Monitoring of the cooling systems

Data centers can get very hot, especially when the servers are processing large amounts of data. That’s why there are fans that operate 24/7 in a data center. There are specialized staff who work at data centers round the clock ensuring that the servers never get too hot. Without these fans and the maintenance staff, servers would overheat and blow up, leading to a loss of vital information about the concerned organization. The technical personnel also check up on the servers to ensure that they are not overworked, which is what causes them to overheat.

Source: http://newswire.net/newsroom/blog-post/00098560-the-top-4-things-that-happen-in-a-data-center.html

How Savers Missed Out on Nearly £4 Billion Due to Inflation – How to Avoid This

(Newswire.net — November 9, 2017) — By anyone’s standards, £4 billion represents a huge sum of money. For the average UK saver, however, this is an extraordinary and life-changing amount that is worthy of instant recognition. 

So, even accounting for the current economic climate, it is staggering to note that British savers missed out on a cumulative £3.8 billion as a result of plunging interest rates and rising inflation. 

With inflation touching 3% and the average cash ISA holder losing £445 during 2017 in line with a stagnant interest rate, standard investment vehicles are no longer delivering the desired returns. 

How exactly did this happen, however, and are there steps that you can take to avoid the same happening to you?

The how and the why

The inflation rate hovered around the 2.7% rate during the second financial quarter, before peaking at 2.9% in the summer. This has sent the cost of living soaring, with fundamental items such as food and fuel being hit especially hard. At the same time, real wage growth has stagnated in the UK, minimizing disposable income levels and the amount that households can commit to savings. 

Then we have the base interest rate which has remained rooted at 0.25% throughout 2017 and forced lenders to restrict the returns available through standard savings vehicles. Banks have also adopted relatively low interest rates in line with a precarious economic climate, making cash ISAs increasingly less lucrative and appealing to savers. 

So, even though the Bank of England (BoE) increased the base interest rate to 0.5% at their recent November policy meeting, this may have come too late to reverse the losses experienced by cash ISA holders. 

How to avoid this in the future 

In many cases, this type of climate encourages households to either increase their spending or hoard cash. Neither of these are effective solutions, however, so it is far more beneficial to instead seek out alternative savings vehicles that can sustain higher returns.

One particularly viable option is to transfer your funds into a stocks and shares ISA, which instantly diversifies the deployment of your savings and offers you access to higher potential investment returns. While it can be argued that this marginally increases your risk, you can increase your chances of successful investing by using expert service providers such as Bestinvest and tapping into a vast resource of professional investment research. 

Firms of this type will also facilitate a quick and seamless transfer of funds, while minimizing fees and enabling you to retain access to any associated tax-breaks. This is important, as it helps you to retain as much of your capital as possible while optimising future returns.  

The last word 

Once again, transferring your funds now may not be enough to offset the losses that your cash ISA has incurred this year. With the economic climate unlikely to improve significantly in the near-term and further interest rate hikes unlikely for now, however, this may provide a much-needed boost to your savings in 2018.

Source: http://newswire.net/newsroom/blog-post/00098559-how-savers-missed-out-on-nearly-4-billion-due-to-inflation-how-to-avoid-this.html