Archive for the ‘Finance News’ Category

Supermarkets vs Independent Retailers

Wednesday, August 31st, 2011

supermarket Supermarkets vs Independent Retailers With news that Tesco is pulling out of Japan and admitting defeat, after an 8 year reign, and selling its 129 stores there, does this mean the end for supermarkets global dominance? We very much doubt it here at Loan Advances – within the UK, the main supermarkets continue to make massive profits and have a stranglehold on consumers who have an almost dependant relationship on the big stores. Although a pay day loan are not really needed for smaller purchases within supermarkets, the fact that it is possible to lend £100 would be enough to cover a small weekly shop and, as long as the payday loan was repaid, could be helpful for such purchases.

Although supermarkets have massive presence throughout the country, are shoppers always entirely right to utilise their services? In comparison to the independent retailers, some of the larger stores will articulate the fact that there could be significant savings in their huge stores, but is this entirely true? Here, we list some of the key issues with using supermarkets vs. independent retailers and how money could be saved by avoiding the so called money saving oligarchs of the food industry:

  • Is it really necessary for you to shop once a week and fill your trolley? You may find that additional items make their way into your trolley by doing a large, weekly shop. Make a list and stick to it!
  • Supermarkets employ very clever people to position items in positions whereby you are tempted to purchases, even if you don’t want, need or indeed desire it!
  • Supermarkets often have 2 for 1 offers – did you really need that bag of Jam Donuts x 2?! If you weren’t going to purchase them then don’t fall for the 2 for 1 trap!
  • Independent stores may charge more money for many of their goods, but if you shop daily you will not be tempted to over indulge.
  • Travelling to and finding parking spaces may be much easier with the smaller shops – have you ever tried to find a parking space at the weekend in any of the big supermarkets?
  • Using a smaller store for your purchase may mean you get a more personal service – it would more likely be less busy and thus improve your overall shopping experience.

    Throughout the United Kingdom, supermarkets continue to thrive and it goes without saying they will spread further. It has been refreshing to learn they are not all-conquering and Tesco’s recent demise in Japan indicates an element of susceptibility. Both independent retailers and larger store shave advantages and disadvantages, and smaller payday loans can play their part in either establishment for lower priced purchases. Food will always be needed, but it is more and more focussed towards the shopping experience and this is often where independent retailers prove to be better.

  • Paydays Loans for Season Tickets as Train Companies Increase Prices

    Tuesday, August 16th, 2011

    Train companies are due for a bumper payday as their prices are expected to rise by 8% in 2012 Escalating costs of train tickets have angered UK residents who are dependent on the not so reliable train companies to get them to work. Payday loans could be one way of trying to find the money for the rising cost of travel, a particularly when you are considering using money to finance the cost of a season ticket. Indeed, using a season ticket calculator here at Loan Advances we found the average cost of travel to work for members of our staff (from Manchester to Chester) who choose to use the train tickets would cost a staggering £2280 per year.
    tt 300x196 Paydays Loans for Season Tickets as Train Companies Increase Prices

    Payday loans typically go up to a maximum of £1000, so it would not be advisable to use one for this – however, citing the same rail journey of Chester to Manchester, were you to decide to opt for a 3 month pass this would cost £656.70. Applying for a payday loan for this amount would be realistic with most payday loans online providers charging £25 per £100 borrowed, would set you back around £150 in interest. Compare this to charges levied by credit card companies, or overdraft fee’s and there could be a saving to be made.

    But why are the train companies hiking their prices up once again? The simple answer is that they are increasing, in line with inflation, plus 3% – as inflation is predicted to be 5%, an additional 3% would take it to 8% with season tickets being hardest hit with price rises (being the predominant ticket type for the working population who travel to work on trains). It may be worth looking at alternative methods of transport to work if you feel the cost of travelling by rail is too much. Use season ticket calculators to work out the cost, plus the potential additional 8% to forecast what your potential travel costs may be.