Wonga News

In the news

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..

Answering Common Questions about Your Credit Score

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..

What to Do if You’ve Been Scammed

Firstly, what is the definition of fraud? Fraud is defined in the dictionary as the “wrongful or criminal deception intended to result in financial or personal gain.” This means that fraud usually involves a person, or group, usually intending to deceive others by claiming a certain identity, qualities, or a set of accomplishments. Fraudulent acts usually involve a misrepresentation –…

Read More..

How you can Save Money Each Month

Whether its to save up for a special goal or to make it to month-end, everyone can always sharpen their saving skills. Below we explore how you can save money each month. How do I get started? If you’re ready to start saving money, it’s likely that you need to either free up money each month to put towards a particular expense or series of expenses, or you have a long-term goal in mind…

Read More..

How to Get Started with 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..