One question we get asked a lot here at Money Monday is “how do I save for a deposit?”. Unsurprisingly, the answer is intertwined with your financial habits. Saving for a deposit is usually something you do on your own, and requires dedication, planning and organisation. Below are ten useful tips to help you withContinue reading “Save for a deposit – 10 tips to help you hit your target”
Category Archives: Personal Finance
How to abolish debt
The average UK household secured debt sits at £60,363 (as in January 2020) – secured debt, being that which is linked to something of high value. If you are in debt, it is very possible that it is causing some tension. If you are feeling a little lost regarding how to tackle your debt, checkContinue reading “How to abolish debt”
Are your debt levels too high?
Do you have too much debt? Does your current level of debt make you uncomfortable? Have you asked yourself what this is based on? We all earn different incomes, our costs are not the same, our wealth varies – so what are you comparing to? Debt is money that must be repaid to the organisationContinue reading “Are your debt levels too high?”
Easy money making tips
Put more money in your pocket! Have a look at the ideas below for different ways to do this. Savings Set up a an account to hold your savings or emergency funds. Many current accounts offer more benefits and better interest rates than savings accounts, so do have a look. Make sure you stay onContinue reading “Easy money making tips”
Savvy money saving tips
Below is brief outline of some savvy money saving tips. We’ll get some more added later. Prepare to shop Remove the impulse to buy by writing a shopping list before you leave home and stick to it! Negotiate your debts If you have outstanding debts, you can could the lender and ask for a reductionContinue reading “Savvy money saving tips”
8 Ways to improve your credit score
Having an excellent credit score will directly impact the amount of credit you are offered, the interest rate and the range of options you will have. If you haven’t already, check out the previous article detailing the importance of your credit score. Below we run through eight tips on how to improve your credit score. LimitContinue reading “8 Ways to improve your credit score”
Credit scoring explained
Many of you have heard about credit scoring but are not 100% sure what to do with it. Given the significance it plays in your financial life, understanding the basics is crucial. Check out the below for a thorough explanation of what it is, the factors that affect your score and how to get yours.Continue reading “Credit scoring explained”
Making the most of your budget
Creating a budget is great and all, but, as with most things, it can only be as good as the information you put in it. Most budgets don’t work hard for their owners and this is usually because their owners haven’t worked hard to create them. Below, I whizz through a few considerations to beContinue reading “Making the most of your budget”
A budgeting guide
Budgeting is one of the most important aspects of maintaining good financial health. Mindfully managing where your money goes is the starting point for financial freedom. A budget is a detailed and comprehensive list of all income and expenses over a given short period – typically, a month. It includes your salary and other income,Continue reading “A budgeting guide”
What is my net worth?
Your net worth is a monetary value informing you of the total value of all your financial activity up to a given moment in time. Your net worth is not an absolute measure of financial health. However all efforts should be made to increase net worth as part of the process of planning for yourContinue reading “What is my net worth?”