Wonga News

In the news

Things to do Before Buying Property

Before you’re ready to buy your own home, it’s important to do research, budget wisely, and learn more about property. Here, we explore what you need to know. Research Buying your own home is likely the largest purchase you will ever make and it is important to fully research not only the home you wish to buy, but how much the entire process will cost you upfront and over time. When r…

Read More..

Money Saving Tips for Women

This Women’s Month, we’re exploring great money-saving tips for women – from setting a 48-hour rule, to handling store accounts, managing debt, and more. Don’t take on your partner’s debt When entering a new relationship or if you are in an existing one, the exchange of cash flow within family units and couples sometimes involves taking on a partner’s debt in the event that they are un…

Read More..

6 Ways to Empower Your Education for Free

Studying further doesn’t have to be expensive.  We take a look at six ways that you can further your education for free whether physically, or online. Keep up-to-date with current affairs Previously you might have had to purchase a newspaper or book, currently the internet has made knowledge freely available to everyone – making it not only easier than ever to study with convenience, b…

Read More..

What’s the Real Cost of a Loan?

Remind me – what’s a personal loan? A ‘personal loan’ is money that is borrowed from either a bank, an online lender (such as Wonga), or a credit union that can be paid back either in a lump sum (all at once, paid back with interest and fees) or over an instalment period (typically a period of months or years, paid back with interest and fees). Personal loans are ‘unsecured’ – meaning…

Read More..

How to Stop Spending Money

Do you ever find yourself spending more than you like? Our easy guide can help you stop spending money - and help you save up for what you really need. Withdraw a budgeted amount of cash to prevent impulse spending ‘Impulse spending’ is where you find yourself struggling or unable to control how you spend money. For many people, this means being unable to say ‘no’ to buying popular ite…

Read More..

How to Start Budgeting and Manage Cash Flows

What is a cash flow? Most of us rely on a form of income each month, and we’ll also have multiple expenses – which could range from groceries, to school fees, to petrol or other utilities. A ‘cash flow’ is a term that describes the movement of money. While this can refer to one particular expense item or payment, the term is often used to describe the movement of both income and expens…

Read More..

5 Steps to be Debt Free in 2019

Budget and Categorize Your Loans When it comes to being debt-free, the first thing you need to do is draw up an effective budget that will help manage your cash flow. An important part of the budgeting process, particularly if you have taken out multiple loans and are still repaying them, is to categorize your debt. Categorising your debt is the process where you prioritise the repaymen…

Read More..

Simple Ways to Save Money in your 20s

Set up a savings account with higher interest rates When you’re ready to begin a savings plan or take your savings strategy to the next level, the first thing you’ll need to do is open a new savings-specific bank account in which you can deposit money in regular intervals. When you’re ready to do so, there are two things you’ll need to consider. Given that you will likely use your sa…

Read More..