Budgeting
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A Guide to Keeping Your Credit Score on the Straight and Narrow
This will not come as a surprise to many mums around the country but raising a child in 21st century Britain is a costly endeavour. By the time our kids are ready to fly the nest we will already have spent hundreds of thousands on them. What’s more, most of us are battling a rising cost of living and employer wage repression as well as an era of austerity that still hasn’t ended no matter what Downing Street may say. As such, parents of all ages are finding increasingly that their wages are insufficient to keep them financially afloat. This leads to the inevitability of borrowing and debt. While there’s…
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The Future of Your Family’s Finances
It’s something you probably think about a lot: are you going to have enough money a few years down the line to support everyone in your family unit? Will you be able to keep a roof over your head? Will you be able to shop for weekly groceries? These are all scary questions, but they’re quite responsible to keep in mind in the here and now. You can plan for the next few months or so, keeping to a strict budget that works perfectly for you, but you don’t know what might happen in a few years time – with that in mind, here’s a couple of things to think…
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Simple Ways to Break the Cycle of Debt
Everybody gets into debt at some point in their lives. Sometimes, you just can’t avoid borrowing money. That’s not a problem if you can pay it all back easily but it doesn’t take much to get into a cycle of debt. Once you’re in that cycle, it’s incredibly difficult to get out of it. If you find yourself in this position, you’ll be spending a lot of money on interest payments every single month and it’s incredibly difficult to manage your budget. It could also affect you later in life because your credit score is going to suffer. That’s why it’s important to get out of that cycle of debt…
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My Favourite Budgeting App for Couples
A few months ago, noticing that we were massively overspending, my husband and I decided that it was time to start setting a monthly budget, and most importantly – sticking to it. We decided the best way to track how much we were spending would be via an app, as we always have our phones with us therefore there would be no excuses for not inputting each expense. I can’t tell you how difficult it was to find a (free) budgeting app for couples i.e. not just for individual users. We wanted to be able to keep track of our budget in real time, not have to add together each…