Finance

Alternatives to savings accounts

With general UK savings accounts paying such low interest rates, there’s an interesting article on the time’s website detailing some income generating alternatives.

Their options include:

  1. Government Bonds
  2. Premium Bonds
  3. Index linked savings certificates
  4. Zopa
  5. Corporate Bonds

all of which have different levels of risk and return and, of course, require you to do your own research to make sure you’re happy and understand your investment choice.

Their article is here: http://timesbusiness.typepad.com/money_weblog/2009/03/five-alternatives-to-savings-accounts.html

BBC talent pay

The BBC announced how much it paid it’s talent, some £229 million or 6.56% of the license fee - a fairly spectacular amount of money.

Understandably they’re not able to reveal individual contract values - somewhere in the region of 300,000 contracts were signed with the majority being under £1000.

Whilst the headline numbers sound huge, and a few of the contracts are, that’s what they need to pay to attract the talent everyone wants to watch…

best personal finance blogs

OK – so the personal finance blogs on my list to read include:

  • 2millionblog.com – an IBM engineering manager living in Raleigh, NC (possibly out of date now!). the blog is tracking his journey to financial freedom
  • consumerismcommentary.com – Flexo created Consumerism Commentary in 2003 in order to hold himself accountable for the state and progress of his own finances
  • thefinancialblogger.com – by Mike, who works in the financial industry specialized in personal finance, aims to provide a resourceful website where everybody that decides to take control over their personal finance can actually do it and understand what their financial consultant is doing.
  • getrichslowly.org – an average guy who found himself deep in debt, and now getting rich slowly.
  • milliondollarjourney.com – generally educational articles regarding personal finance and investing

That’s five of the personal finance blogs in my feed reads, what’s some of your favorite personal finance blogs?