Making and sticking to a household budget is a great way to manage your finances, or work your way out of debt problems and put some money aside for a rainy day. However, this isn’t always as easy as making a shopping list; there are many other variables to factor in. The purpose of drawing [...]
May, 2010
Understanding bankruptcy
Many people are scared of the word ‘bankruptcy’ without properly understanding what it actually means. Whilst it’s true that bankruptcy is not a desirable situation to find yourself in and usually a last resort, it is important to realise what it entails and what alternatives there may be before going down this route. What is [...]
How eating healthily can actually save you money
One area that you can always save money on in day-to-day life is food; either by sticking religiously to a shopping lists prepared before going to the supermarket, or by cutting down on expensive meals and eating out. But how about the type of food you and your family eat – could that save you [...]
How to boost your credit rating
For many people, having a poor credit rating can be an absolute nightmare, as it limits what you can buy, and how you can manage your finances. For example, bad credit hinders you when applying for a mortgage, credit card or personal loan, meaning you can’t pay for the things that you need in the [...]
Avoiding debt management issues: Tips on prioritising debts
Once you’ve recognised that you have debt problems, the first course of action that comes to mind is to immediately start paying back the money you owe. However, it is important at this stage to stop for a minute to assess the situation, to ensure you get out of debt as quickly and effective as [...]
Avoiding debt problems on your wedding day
This year’s wedding season is fast approaching and whilst it may only happen once (or maybe twice) in your lifetime, the massive cost of your wedding day easily has the potential to get you into serious debt problems. Whether your expectations are incompatible with your budget, or you’ve just lost all sense of frugality, your [...]
Three ways to avoid debt problems when going abroad
The summer holidays are almost upon us, and many families will be heading off on a foreign holidays of some sort, or using the summer school break to catch up with relatives overseas. These trips can be expensive enough, as there are flights and hotels to book, transport to arrange and all the hidden extras [...]
Avoid credit card debts – don’t buy on impulse!
A spot of retail therapy can be the single worst place for blowing all your cash and worse – developing serious credit card debts. The reason for this is buying on impulse, as your emotions and mood can affect your shopping and make you lose sight of all rationality and control when it comes to [...]
How much is your car costing you?
After your mortgage or rent, your car is often the next big thing that you spend the most money on. As many drivers know, there are many more costs involved with owning a car than just buying the vehicle itself and these can all add up to a small fortune. The following are a few [...]
The worst thing to do in a debt crisis
What is the worst thing that you could do in a debt crisis? Other than continuing to spend and racking up thousands of more credit card debts, the most damaging thing you could do when you find yourself in a debt crisis is to ignore the problem. It’s hard to believe though, that this is [...]
Save money: avoid impulse buys at the supermarket
It’s very easy to make expensive and unnecessary purchases when you don’t have a proper handle on your finances or any idea how to budget, which can cause unnecessary strain on your finances and lead to debt problems. One of the main problems with impulse buying is self-control, but don’t worry, it is possible to [...]
A quick guide to saving money pt.5 – entertainment
Games, films and music and other forms of entertainment are essential for relaxing, letting off some steam and enjoying yourself, but they can also be one of the biggest drains on your finances. However, there are ways you can still enjoy your usual forms of entertainment without ending up filing for bankruptcy. Home entertainment The [...]
Five ways to make a little extra cash this summer
There’s no time like the present to boost your income, especially as summer’s coming and we all need a little extra to spend on holidays. Putting a little extra aside each month can actually be quite easy; you just need to be a little smarter about your finances. Follow these top tips and you’ll have [...]
A quick guide to saving money pt.4 – travel and holidays
Travel and holidays are a luxury, one that most people look forward to all year. It’s no big surprise that holidays are expensive, but you could actually be saving money at each stage of the booking process with a little insider knowledge. Here are a few top tips for saving money on holidays: Save for [...]
How complaining can save you money
When you pay a company for a product or service, you expect to be satisfied with the result. Although you have the legal right to complain about an unsatisfactory service or product, many consider it too much effort and generally don’t get round to it. However, many determined people who feel ripped off find that [...]