A cash ISA is simply a savings account that you don’t pay tax on. You can put £20,000 each tax year into a cash ISA, and it remains tax-free year on year. Cash ISA savings do not count towards the PSA (personal savings allowance). Yet, for many, such benefits are no longer relevant. This is […]
The cost of living in the UK has increased by huge amounts. According to the Office for National Statistics, in April 2022, 87 per cent of adults reported an increase in the cost of living. You only need to turn on the news to hear about the cost of council tax increases, the energy bill crisis, and […]
In the last couple of years, the newspapers have been full of articles about how good electric cars for the environment and how over the course of the next few years we are likely to see more electric cars on the road and the start of a better infrastructure to support their use. You may […]
You can’t help but notice that the cost of energy bills is rising. The energy price cap will increase a staggering 54% from April and may rise further in October. We will face higher bills, at least for the foreseeable future. With energy companies hiking daily charges by vast sums which cant be avoided, it […]
Every year many people make New Year’s resolutions, whether they decide that this year they are going to get more exercise, lose weight or be more money savvy. The problem is that sticking to a New Years resolution can be quite tricky. Sticking to a budget, especially if you are not used to one, can […]
Whilst some people might claim that it is too early to put up the Christmas decorations, it is really never too early to start thinking about next Christmas. With some really careful planning, there are some very good savings available throughout the year that can really help to spread the cost. So if you are […]
There is no denying that having a car can be expensive. However, for the majority of families, having access to a car is a necessity. They may need one to get to work, school, transport children to activities and even do the weekly shop. If you are a multi-car family, then these costs are even […]
If you have got your eye on the newest hottest gadget available, are ready to upgrade a major appliance or are prepared to stock up on all the Christmas gifts for your deserving friends and family, it’s likely you’re not alone. But, the main question is, should we wait for the black Friday deals or […]
Holidays can be pricey, so it is worthwhile beginning any budgeting early so that you have plenty of time to save. A carefully thought out budget that considers all of your day-to-day expenses will show you exactly what spare money you have each month and give you an indication of your ability to save. Price […]
It is always a good idea to consider building up some savings in case of any emergencies. Unfortunately, all too often the hardest part about saving can be knowing where to start. If you want to understand where your money goes so that you can take that first step towards starting a savings account, then […]
We all experience times when we get into debt – or, at least, more debt than we are comfortable with. It could have been an emergency situation like needing to pay for repairs to our home or needing to buy a new car to get us to work. But often enough it can be put down to bad spending habits – it is so easy to be tempted into spending more than we can reasonably afford, especially when we have some spare capacity on a credit card. But then the reality of having to pay off that debt hits hard and what we have to show for it is probably very little in the greater scheme of things.
Budgeting effectively requires steely determination, avoiding the shops and avoiding online shopping, especially late at night when we can make irrational decisions. It means only buying what you really need not all those extras that are not essential.
Having a certain amount of debt is pretty much normal these days – many people have a home loan, car finance and a couple of credit cards. Often we don’t even think about that being debt – it’s just the way we live. But it’s when we start to struggle to meet our repayments that […]
The financial markets still seem to be on a bit of a roller coaster ride; just when we think things have calmed down some more bad news crops up. An economic slump will always have a negative impact on people from all different walks of life, whether they are millionaires or just coping financially month-to-month […]
This article will explain some considerations before you take out a debt consolidation, a step for rolling all your loans into one single bill (with a lower interest rate). At least you should consider several things below: You may have to consider some other options before taking refinance Examination of every debt consolidation loan You […]
You need to pay off some debt, but you’re not sure where to start. There are so many different opinions out there about how to get started. Here are some of the most popular ways, and how they work. The Debt Snowball Method The debt snowball was made up by the popular T.V. and radio […]
Of course I have written much about people with bad credit scores – how they can obtain loans and the ideal loans for them. I always provide a lot of money saving tips and steps that could assist people with bad credit scores in obtaining loans. It is true that people with bad credit scores […]
Learning how to budget the money you made yourself can be difficult, especially if you just started your employment journey and independent living. From night-outs, new clothes, to hi-tech stuff and rent, there’s a lot competing for your hard-earned cash.
Here’re a couple of tips that allowed first timers like you to survive. These are money management tips for when you land your first job.
A credit card is an addiction. It all depends on the user how he or she uses it to gain or lose money. If you really want to play safe, then you need to learn some tips for saving money while making payments via credit card. Here, we go; Check for the Lower Interest Rate […]
Anyone who has long term debts should be looking for ways to avoid losing their valuable assets, particularly their home, by reducing the loan repayments. So you need to start looking for ways to shift your debt to alternative options with lower interest rates if you are to reduce debt repayments. There are three simple […]
If you have long-term debts that you are struggling to pay off then it makes sense to look at ways to resolve that problem before it becomes insurmountable. Take serious stock of your situation first and see if there is any way you can pay just a little bit more off your debt each month. Just paying a small amount more can have a big effect and gradually help you regain control of your debt situation. But you won’t regain control until you start being pro-active in reducing your debt. This may mean taking a long hard look at your spending habits and lifestyle and prioritizing paying off the debt above anything else that isn’t absolutely essential. It will also mean reviewing the amounts you are paying and looking at ways to cut your interest rates.