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Money Management

 
 
How to repay your mortgage fast

How to repay your mortgage fast

May 23, 2022

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

 
Money worries and Mental Health Awareness Week

Money worries and Mental Health Awareness Week

May 9, 2022

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

 
Spring Statement: What did it mean?

Spring Statement: What did it mean?

April 3, 2022

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

 
Offset the cost of working from home

Offset the cost of working from home

March 18, 2022

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

 
Protect your most valuable asset

Protect your most valuable asset

February 27, 2022

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

 

When it comes to your money, clarity is power

July 9, 2021

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

 
To be happier or earn more, consider going back to school

To be happier or earn more, consider going back to school

June 4, 2021

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

 
FOMO Spending – How to stop overspending on your credit cards!

FOMO Spending – How to stop overspending on your credit cards!

December 6, 2019

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

 

20 ways to get your Christmas spending right!

November 22, 2019

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

 
Readers Question: Can I use my spouse’s tax allowance?

Readers Question: Can I use my spouse’s tax allowance?

November 15, 2019

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

 
How much can I afford in mortgage payments?

How much can I afford in mortgage payments?

September 20, 2019

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

 
Have an ALIE to organise your finances

Have an ALIE to organise your finances

September 19, 2019

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

 
Money management when you are on Universal Credit

Money management when you are on Universal Credit

April 12, 2019

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