How to Outsmart the Banks: 5 Key Strategies

In Ireland, grievances about banking practices are commonplace, yet the sentiment often boils down to a resigned acceptance of their necessity. But what if you could break free from that dependency? In a landscape seemingly dominated by banks, it’s easy to feel dis-empowered. Yet, could it be that your influence is greater than you realize?Money permeates every aspect of our lives; without it, survival becomes an uphill battle.

Thus, safeguarding our finances assumes paramount importance. However, our financial framework often seems engineered to profit at our expense. Given this inherent imbalance, it’s no wonder many feel powerless against the system. However, what often goes unrecognized is the potential for individuals to reclaim control over their finances.

Below, we’ve curated a brief list of savvy tactics that might just empower you to triumph over the banks once and for all.

  1. Make Your Money Work

Instead of settling for paltry interest rates, explore alternative avenues to grow your funds. At Allied Financial Platforms we can facilitate peer-to-peer lending, offering potentially lucrative returns on your investment. While there’s inherent risk, the rewards may outweigh the gamble.

Make your money work for you
  1. Family Financing

Consider tapping into familial resources for loans, often at more favorable terms than traditional banks offer. Not only can this benefit you with lower interest rates, but it can also provide your relative with a better return on their investment.

  1. Opt for Online Transfers

Escape the constraints of bank-set exchange rates by utilizing online transfer services. By doing so, you stand to save considerably on transaction fees and currency conversions.

  1. Hunt for Better Debt Deals

Don’t remain tethered to one debt provider. Shop around to unearth more competitive rates and terms. Switching is often simpler than anticipated and can yield substantial savings. Explore Alternatives to Traditional Loans – Loans aren’t the sole avenue for accessing funds; numerous alternatives exist:

  1. Sell Goods: Utilize online platforms or local shops to sell items for quick cash.
  2. Online Opportunities: Engage in activities like surveys or watching videos on dedicated websites for extra income.
  3. Rental Income: Rent out various items, from parking spaces to seldom-used equipment, for additional cash flow.
  4. Side Gigs: Explore a multitude of opportunities, such as babysitting or mystery shopping, to earn supplementary income.
  5. Peer-to-Peer Lending: Embrace the concept of peer-to-peer lending, where individuals directly lend or borrow from one another, bypassing traditional banking channels.
  1. Secure Affordable Insurance

Avoid the bank’s insurance offerings, which are typically limited to a single provider and may not offer the best value. Seek quotes from independent brokers like Allied Financial, who can offer impartial advice and access to discounted rates from leading insurers such as Zurich, Royal London, and Aviva. With Allied Financial’s expertise, you can secure mortgage protection and life insurance tailored to your needs, all while saving time and money.

Selecting a broker such as Allied Financial empowers you to access quotes from premier insurance providers nationwide. Our team of experts stands ready to provide unbiased guidance, steering you through every step of the process with clarity and support. Plus, with our streamlined online quote system, you can kickstart the process in a matter of minutes.

Get in touch now and call Allied Financial 096 60044 or email info@alliedfinancial.ie