By now, a lot of you would probably be aware of the groundbreaking crash of Fannie Mae and Freddie Mac to bankruptcy. It’s quite a national concern because bankrupcies of this magnitude tend to affect the whole market, and in the long run us average joe’s and jane’s of the planet. US Government is set to take over which should bring some breathing room. However one still has to ask the proverbial question: What the F–k went wrong?

All one has to do is take a look at Fannie and Freddie’s foundations to see just why it came crashing down the way it did. Fannie and Freddie relied to much on it being a government-backed institution which gave it power to raise funds cheaply by issuing bonds to investors at yields not much higher than those issued by the US Treasury itself. Nothing wrong here, seems like a great plan at first. Until you put into consideration that these bonds are owned by banks and governments scattered all over the world. It’s the recipe for super fast success and/or catasthropic disaster. All they could have needed is a decade of relative peace and they could have become huge winners here. However, as history dictates, humans are such fickle-minded creatures and can’t remain peaceful for longer than, say five minutes. Various wordlwide conflicts (wars/occupations, global warming, food shortage, etc.) tipped the world towards toward the “semi chaotic” phase and thus sparked a domino-effect of financial problems all over the globe.

And the rest they say is history. Fannie and Freddie became embroiled in a disorder in the international level (which given the nature of man is inevitable really) which caused banking and governing bodies all over Earth to spiral downwards. This coupled with plummeting US property prices spelled the doom for Fannie and Freddie. Yes the government has stepped in and yes it has calmed the storm a bit. But if market trends are any indication as well as current unstable situations in various nations of Earth, you could expect the ride to become quite bumpy some months from now.

If you want to make the most of christmas and more importantly make your money go as far as possible then it is important to prepare yourself rather than leaving everything to the last minute where you end up paying over the top for goods which quite frankly are sub standard.

You’re probably thinking the last thing you want to be  doing after christmas is yet more shopping but the january sales are the perfect time to get some amazing deals, even if you keep the presents for people next year!

Remember to get your rewards card out (e.g for boots)  for your festive shop since you’re likely to hit all the xmas specials with extra points and so forth so you might as well make the most of it.

As ever boots have come up with another amazing offer for Christmas and are now giving an extra 200 points for every £10 spent in any single transaction although it is on selected healthcare, toiletries and baby products.

You should get onto this as quick as possible and earn yourself some extra points! You might also be able to find the boots combined credit and points credit cards at the number one site for comparing!

Welcome to the hottest place online for UK money tips! Each week I will go into detail on the best methods to make the most of your money and to make every penny count. Whether it be the best cashback credit cards to use or the best mortgage to change to, you’ll find all the latest tips here.

You may think that it takes money to make money but that’s simply not true. By making the most of what you currently have and making sure every penny is doing the best for you.

I’ll start the ball rolling with a tip about Boots. Before buying your big purchase or christmas presents then be aware that boots are running a great promotion where if you spend over £100 they will give you 2,000 bonus advantage points which are worth £20! Simply enter the code ADEM46 when ordering online and the points will be added into your basket.