An Introduction to Quantum from RL360°

An investment product from RL360°, Quantum offers a simple and effective way to save for the future. Giving you access to an impressive selection of funds, it is designed to be flexible and affordable, and it can help you to put money aside for anything from property improvements and children’s school fees to holidays. It can also be used to supplement your retirement income. To find out more about this attractive savings solution, keep reading.

Quantum from RL360°

Who can take advantage of it?

Quantum is available to individuals, trustees and companies and, unless you are subject to legislation that prevents you from putting money into investments of this kind, you should be eligible to take advantage of it if you are aged 18 or above.

How can you tailor it?

One of the major draws of the product is the fact that it can be customised to suit investors’ precise needs. For example, you can take out a Quantum policy on life assurance or capital redemption basis, and you also have the option of setting it up as a single policy or dividing it into 100 sub-policies. The latter option can help you benefit from optimal tax efficiency.

Quantum is also available in 7 different currencies. These are pound sterling, US dollar, Australian dollar, euro, Japanese yen, Swiss franc and Hong Kong dollar. In addition, you can choose from a broad selection of funds and, if you register for RL360°’s online switching service, you can switch between funds at no additional cost.

The product also enables you to take premium holidays if you need a break from saving and it allows you to make one-off or regular withdrawals. This gives you extra room for manoeuvre if your financial circumstances change.

What should you do next?

As with any investment, it’s important to make sure you’re fully clued up on Quantum before you commit to putting money into it. You can check out RL360° Quantum reviews online and there is full product information available on the company’s website. If you decide that this is a suitable investment solution for you, you should speak to a financial adviser. These experts are perfectly placed to help you tailor investment products to suit your approach to risk. Bear in mind that RL360° only accepts business introduced through financial advisers.

RL360° is continually looking to enhance its products. Demonstrating this commitment, a recent RL360° review saw 28 core new funds added to a number of its policies, including Quantum.

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Credit Rising Quicker Than It Has Done For the Last Ten Years

Are you relying more on credit cards now than ever before? According to the latest report, more people are relying on credit cards for everyday grocery shopping, bills and even rent payments. This is alarming news as it means that although confidence in spending is high, perhaps financial literacy regarding credit is low.

Tashema Jackson, a money expert at the comparison website uSwitch.com, speaks here about the trend to credit spending: “While rock-bottom interest rates have helped consumers get great introductory offers and low mortgage rates, it also means the temptation to borrow beyond our means has seldom been higher.” Howard Archer continued, “Nevertheless, it is important that consumers do not become increasingly tempted to take on excessive debt and also that bank lending standards do not slip…In considering borrowing, consumers need to allow for the fact that interest rates will eventually rise – even if the increases are likely to be gradual and limited compared to past norms.”

Credit Rising Wonga South Africa, the same day cash loan provider (African cousin to the UK version), recently published this post about financial literacy and the need to stay informed about credit, debt and spending. Of course, loans and credit cards can be very useful ways to pay for items or bridge a gap before payday. The statistics show that many people are relying on credit to get through the month, though, which could be worrying. Wonga states that there is ‘good debt’ and ‘bad debt’ – bad debt might be classed as using the money to buy items that you don’t really need. So, for instance, a holiday or a new sofa. ‘Good debt’ as Wonga puts it, is when you are using the credit wisely – putting the money towards an education course, a car, or home improvements, for instance. It is also wise to ask yourself three questions before using credit to buy anything:
  1. Do I really need it?
  2. Can I afford it?
  3. What will it cost me overall? (e.g. including interest rates.)
By forcing yourself to ask these questions, you might be more careful about spending credit so readily. The message here is that credit is not a bad thing, but also not something that you should take for granted. You can easily rack up debt that becomes unmanageable and this can lead to depression, stress and insomnia. It can also cause fractures in relationships and put a massive weight on your shoulders. Think wisely before spending the credit and make sure you are able to meet all repayments. Choose a reputable lender, of course, and if you are getting into difficulty with repayments or spending, speak to a debt charity or the lender themselves to help you out.]]>

Interesting Facts about Money That College Graduates Must Know for a Better Future

College life is all about attending classes, staying carefree, finding space for yourself, celebrating life with friends, hanging around, exploring freedom and so on. However, after that it is time for you to plan for the future, and know what money is all about. Some students are torn in between relative safety of college and the messy world of adulthood. You have to be careful about the time that follows after college life. It can be a testing time, full of insecurity as the job market is volatile.

You should start recognizing the value of money early so that you do not have to repent later. A part-time job can be an advantage but expenses here and there such as sophisticated-looking outfits, high rents, can be a spoilsport. Most people spend their twenties messing up their money, their thirties trying to figure out what they did wrong, their forties trying to dig out of the hole, and their fifties trying to catch up for retirement. Here are some interesting things about money that every college graduate must be aware of so that they can understand its value right from the beginning.

Money Tips for College Graduates

Student loans can be costly

I would recommend you not commit the mistake of borrowing student loans more than you require, because the less assets you borrow, the less amount of money you have to repay after completing your graduation. This can take a toll on your treasury when you consider other expenses such as room rents and meal plan (if any). So it is important that you borrow student loans as much as you need. Research shows that 41% of millennials have the student loan, which compels them to delay their matrimony and purchasing a property at higher interest rates than previous generations. This is because the student loans take a toll on their treasury.

There are two kinds of student loans available- subsidized and unsubsidized. While subsidized loans are free from interest while you are a student, unsubsidized loans increase interest which you have to repay during your time in college.

Comparing job opportunities and making salary negotiations

Your first job is always a very exciting event. While landing with a job, it is important not to consider only your salary package or CTC, but also other employee benefits like those of health insurance and retirement benefits. Ignoring them can be a huge mistake on your part. To measure which job offer is best, it’s crucial to reckon each benefit your new job might provide –comprising of salary, paid holiday trip, retirement benefits, medical expenses, and others. Compare the job opportunities and offers and negotiate the terms and conditions with the employer. 

Debt is Dangerous

If you want to stay stress-free and have complete peace of mind after college, do not get into consumer debts such as mortgage loans, credit card debt, furniture loans, car loans etc. It will also drain your funds and will be an unnecessary burden if not repaid in time. Failure to repay the debt can lead to frustration and eventually making you bankrupt.

Remember that the credit card debts are always dangerous. The average credit card interest rate today is about 15%. Credit cards are enticing and enable you to go on a shopping spree or dine in a fine restaurant; however with those credit card interest fees will just keep on growing out of control landing you in complete quandary. In a nutshell high credit card interest rates make it a serious menace to a fresher’s financial health.

Create a budget from the beginning

Remember time is your biggest money, so start planning early. Creating budget is a powerful habit and one of the best ways to reach your financial objectives. With it, you will find it easy to chalk out their lifestyle design as well as short-term needs such as buying books for semesters and an exotic vacation with the friends. It will keep a track of all your transactions including all the debit and credit such as semester fees, class books, transportation, health care, food, entertainment, and groceries.

A contingency fund is crucial

Life is full of uncertainties and bad things happen abruptly. So it is important for you to create an emergency fund to meet unexpected expenses like medical expenses due to a sudden illness. 

Invest wisely

Diversify your funds for better investment and wealth management. Invest in lucrative schemes that yield compound interest so that you can reap the benefits later on your life. Initially, you need to come up with a solid investment plan for better wealth management. A savings account is just fine to get started, however, you can also consider opening an IRA or take advantage of your company’s savings schemes.

Conclusion

If you are a college graduate, these are the things you must know about money to save and manage it in a better way for a secured and peaceful future.

Which of the following things about the money you found most interesting as a college graduate? Share your comments.

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