Questions About Money, Savings, Investments & Debt

How do I stop impulse spending? Set yourself a budget. Do various tricks like giving your credit cards to a trusted friend to take care of for you. Once a member of my accounting staff gave me hers and I remember hiding them in a jigsaw puzzle box where they remained happily and unused for more than a year. I’ve heard tales of people freezing their credit cards which means  you have to defrost them before you can use them. That can slow down  your spending! Another way is to write down what you want to buy in a little […]

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What’s The Best Way To Do A Simple Budget?

Get your hands on a copy of your bank statements for say the last three to six months. Analyse what you spent your money on starting with standing orders, direct debits and other types of spending from cash, to retail therapy to fun. Put this information into columns on a spreadsheet or just on an ordinary piece of paper if you prefer not to use Excel. Check your overheads first of all, especially those which are compulsory. There’s no way round paying for your rent/mortgage, electricity, gas, water, council tax, service charges (if you live in a flat) and the […]

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Good News For Savers: Best Rates with Smaller Building Societies

Good news for savers. Moving your money just got easier. Now you can shift your savings without the hassle. Have you heard of Governor? Me either until today. Just look at their really simple website which explains that all you have to do is open one account with them, and they will alert you to the best savings rates if you want to put your money on deposit for 1 year plus or three years or even four. And when you select one of their products with the smaller and lesser known building societies, you will not need to open up […]

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British Families Are £6,000 Worse Off Than 3 Months Ago

The Daily Mail reported on Saturday that British families are £6,000 worse off than three months ago. “Savers with large pension pots were the worst hit after the stock market collapsed in August. But soaring energy bills, dwindling house prices and the high cost of groceries have also taken their toll on households’ total wealth.” The third quarter of the year between June and September saw the biggest drop since reports beginning in 1997 by investment company Alliance Trust. Economic activity has slowed, there’s been a rise in unemployment, higher inflation causing higher basic goods prices and a loss of […]

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