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Comparing Plans for Your Personal Finance Endeavour

Your personal finance always require budgeting and planning – you always want to know and prepare for your savings account, rainy day account and investment account, as well as your credit cards, insurances, mortgages and other expenses.

Now let us focus on three of the most common expenses – credit cards, insurances and mortgages.

What does credit cards, insurances and mortgages need have in common in your mind? Yes – you want to know which plans are giving the best value for you.

To know which plans are the best for you, you need to compare them – comparing plans is a necessity and often providing a sense of security having several plans on the table for you to choose.

Money plans comparison website

The best place to look for credit card, insurance and mortgage plans is finance and money related websites.

Money.co.uk is one of the financial authorities I often visit to compare plans, as well as to search for financial updates and news.

You can fulfill you need to compare mortgages, insurance quotes and credit card quotes.

The comparison itself is self-explanatory. For example, I like to compare car insurances. I found a comparison of three car insurances recommended by Money.co.uk, along with the details, such as no claims discount and charge to pay monthly. You can always to to the insurance website directly to learn more beyond what is recommended by Money.co.uk.

To highlight Money.co.uk – the websites also offer you five RSS feed that you can subscribe to. My favourite is personal finance news and tips, delivered to my Google Reader. Another feature that I recommend you to join is the newsletter subscription. The newsletter is a good way to stay informed on news and updates on money and money saving tips.

Comparison websites aid you plan your personal finance

Knowing which plans are the right ones for you give you an assurance of what to expect and to pursue in your personal finance planning.

If you are keen to plan your personal finance better, use not only financial comparison sites, but also shopping comparison sites and other similar sites.

I recommend you to seek authority websites only, to avoid bias and misleading information. It’s too often I found from the Internet, that the comparison site is biased, and allegedly recommend the plans that will make the site owner more money than the other plans. Although, in my opinion, this is unethical, there are actually hundreds, if not thousands, of sites offering biased comparisons – avoid those sites!

Assure yourself and plan better now.

Locus Pocus

If you have something happen to you, do you blame it on yourself, or blame it on external causes?

It’s an odd question, but an interesting one as it deals with your personal locus of control. But, that’s jumping ahead. Let’s start with defining a locus of control.

In psychology, the locus of control is a scale that defines a person’s beliefs about what causes good or bad results in their life. For example, you might know someone who always blames themselves when things go wrong, or someone who credits only good or bad luck for what happens to them. People like these define either end of the spectrum on the locus of control. People who blame themselves for everything in their lives have an internal locus. People who blame higher powers, luck, or the environment for occurrences have an external locus of control.

Now, it’s worthwhile repeating that this is a scale, not an either-or proposition. People can display different characteristics of either locus for different issues. The big question we’ll ask here though is: What is your locus of control with money?

When you can’t run out of cash, is it because you had bad luck and needed to spend more than you had thought? Or is it because you forgot to plan ahead and have an emergency fund? Knowing your locus of control with regard to money can help you to plan in ways that work with your financial psychology as opposed to against it. And a plan that you can work with is a plan you’re more likely to follow.

Don’t let your psychological beliefs get in the way of you being financially successful. A good financial plan can help to protect you against both internally and externally caused problems.