Image via WikipediaRisk is inherent when dealing with money and today that risk is a bit higher than in quieter times. Don’t let yourself be complacent - plowing your money into a low-interest bank account may be “lower risk,” but there is still risk. What if your money is only making 3% in that “safe” investment and inflation is eating away at your purchasing power? Risk is everywhere, no matter how much or little you do.

Mitigate your risk with information. The more information that you can assemble, understand and act on intelligently - the more likely you will lower your risk profile, while increasing the returns on your money. A classic place that people are exposing themselves to more risk and higher expenses is the use of credit cards and not being educated about revolving credit. Searching the internet is like drinking from a fire hose, but portals like Money.co.uk can help to categorize, prioritize and present information on subjects like finding the best credit card for balance transfers in an easily digestible interface.

Insurance is the one business that lives and breathes risk mitigation. To the average Joe, the myriad of insurance policies and complex rules creates misunderstandings about what a person needs versus what is nice to have. Car insurance is a necessity, but do many seniors know that they can get insured at a discount?

Money.co.uk helps with the tidal wave of data that can overwhelm most consumers investigating, but by becoming a free member of the Money.co.uk portal and keeping an updated personal profile, factual information like customized car insurance quotes and special discounts for certain population segments will be filtered to you, rather than you being forced to dig through the data on your own.

Even when you are not logged into your account on Money.co.uk, you can be in touch with money related subjects like finance, shopping, traveling, utilities, credit cards, insurance and banking via the free Money Saving Tips Newsletter. Again, this service is designed to not over burden you with a large volume of data, but is delivered to your email 3-4 times a month. If you are interested in keeping in closer touch with the money scene, you can subscribe to a number of money news RSS feeds that allow you to select from 20 different categories of news and articles including areas like Gas & Electricity News, Debt News, Bank Account News, Money Saving Tips and other Personal Finance related articles.