It’s the one debt most of us are happy to take out and it seems almost second nature to do so; for the majority, it takes nearly our whole working lifetime to repay it. So how can you join the 60% or so of householders who own their homes outright? Discover how repaying your mortgage earlier or more frequently can really make a difference.
Category: Debt Repayment, Financial Planning, Money Management
Many people often think that if they had more money, all their worries would go away. But (and while I am sure you’d prefer to find this out for yourself), I can tell you that for most people, more money just means different types of worries.
Most people live to their means, and some for various reasons live beyond their means. When your budget begins to stretch and you start borrowing for day-to-day spending, your money worries can quickly grow. For some people, small worries can easily escalate rapidly into bigger problems and cause mental health issues that can paralyse our decision-making process. Just thinking about money, your bills and credit card statements can bring a shudder over you, bringing on a sense of helplessness and a lack of hope.
Category: Debt Repayment, Money Management
In his Spring Statement the Chancellor’s main focus was on measures to help those hit hardest by the rising cost of living. The annual inflation rate in the UK increased to 6.2 percent in February from 5.5 percent in January and above market forecasts of 5.9 percent. It is the highest inflation rate since March […]
Category: Financial News & Events, Money Management
With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, I thought it even more pertinent to ensure we are claiming what we can to maximise our savings. With many people still working from home, and energy costs rising, it’s even more important that employees are claiming the […]
Category: Financial Planning, Money Management
According to UK Finance, a collective voice for the UK banking and finance industry representing around 300 firms, fraud is on the rise as fraudsters look to take advantage of people who are spending more time online, as our work and private lives change more to a virtual world. Their most recent report shows that […]
Category: Financial Planning, Money Management
We like to do things in life that we enjoy. We find these things easy to do, they take little effort, and we know we’re going to have a good time doing them. Contrast this to our finances: most of us don’t review our money or what’s happening with it because we think it’s difficult, […]
Category: Goal Setting, Money Management
If you know your numbers, money isn’t as complicated as you might think. Clarity gives you the enthusiasm to make better decisions and live the life you want to live. I often refer to ALIE as every financial planners best friend; assets, liabilities, income and expenditure. The last 18 months may have played havoc with […]
Category: Financial Planning, Money Management
It seems crazy to me that at 18 years old you can be expected to know what you want to do for the rest of your life. Deciding your career for maybe the next 50 years is somewhat unrealistic. If the choice you made didn’t work out and now you find yourself out of work or without the money to learn the skills you need to forge a new career – you can be trapped in a vicious circle. Luckily help is now at hand with the new government loan scheme called an “Advanced Learner Loan”. Read this article to discover more.
Category: Goal Setting, Money Management
We live in a world of instant gratification, rather than see something we want, save and buy it, retailers make it so easy for you to have it now, and sometimes this ‘easy credit’ is so good for their business, it becomes the business and the products they sell, are secondary so that they can offer more debt. How can you get out of this cycle of debt?
Category: Debt Repayment, Money Management
Christmas is financially tight for all of us, so if you want to boost your budget, try my top 20 tips this year! There’s nothing like a side hustle to give your coffers an appreciated boost at any time of the year, but let’s see what else we have available.
Category: Money Management
The first £12,500 of any income we earn is free of income tax, what seems unfair is that if one of you stays at home and does not have any earnings, then their £12,500 of tax-free allowance is left unused.
Many people don’t realise that since April 2015 you can apply to get a refund in these circumstances whree you could save £1,149 of income tax.
Category: Financial Planning, Money Management
Does it ever feel like you’re way behind the curve and getting started is just too much effort? I hear this a lot, so I thought I would share with you 10 quick wins to get going, because momentum builds and getting started is half the battle.
Category: Financial Planning, Money Management
The Money Plan will help avoid the financial heart attack of being repossessed, so if you’re worried about the rise in repossessions, perhaps it is time to take your finances seriously.
Category: Debt Repayment, Money Management
We are all familiar with what a mortgage is, but do we know how much we can afford, by that I don’t mean how much will the lender lend me, but how much can I afford to pay each month. Find out about the 28/36 rule which measures borrowers’ ability to afford their mortgage payments based on their households’ gross monthly income, monthly housing-related payments, and all other monthly debt payments.
Category: Financial Planning, Money Management
ALIE is a financial planners lifetime partner, some of us may be married, but we have a life affair with ALIE. ALIE is a KPI (Key Performance Indicator) or barometer to help us understand what we need to know about our finances, it’s an acronym for; Assets, Liabilities, Income, Expenditure.
Category: Financial Planning, Money Management
If you haven’t yet claimed your PPI back, time is running out to do so. If you haven’t gotten around to it, because you are confused as to what to do, then check out my simple guide to ensure you get your claims in before the 29th of August.
Category: Financial News & Events, Money Management
So you’ve left school and you’re looking to start your apprenticeship! Welcome to the world of work, it’s exciting, new and there is so much to learn. Find out about deductions in your pay slip, and how to organise your finances to ensure you get the most out of your hard earned money.
Category: Financial Planning, Money Management
We work hard all year to be able to enjoy our holidays, so making every penny count helps you get the most from your trip. Here I want to share some of my ‘quick wins’ to help your summer holiday budget go further – and it’s not too late to prepare a budget and look at the best and cheapest option to afford your holiday.
Category: Money Management
I am all about saving money and making the money I have work harder for us, so that I can spend more time doing the things I enjoy and that are important to us, I’m sure you’ll agree that is what we all want.
Category: Money Management
Universal Credit has made a lot of bad headlines, but like it or not, it’s here to stay. It will be phased in until 2023, replacing lots of other means tested benefits. Here are some suggestions on how you can manage your money when you are on universal credit.
Category: Money Management
Take the emotion out of your investing
July 17, 2022
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It’s time to get serious about your money!
June 29, 2022
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