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 u...
Read More..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,...
Read More..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..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 it...
Read More..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 expen...
Read More..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 repaym...
Read More..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..Remind me – what is a credit score? A credit score is a calculation of how ‘credit worthy’ you are when you apply for a loan, bond, or any other form of finance. Found in your credit report, your credit score is an indication lenders will use to understand how much money they can lend you, and how much you could afford to repay, over a certain amount of time. Your credit score is cal...
Read More..
