Category: Personal Finance

3 Household Expenses That May be Ruining Your Budget

If you haven’t recently assessed your personal financial responsibilities, you may be surprised by the breadth of spending obligations on your plate each month. Household spending, insurance costs, credit card payments, and car expenses are only a few of the demands drawing from your earnings, month after month. Entertainment and communications costs add to the tally, along with a host of personal expenses you pay each month. Disciplined discretionary spending is essential for healthy finances, but recurring monthly bills also furnish opportunities for saving. Do you pay too much for insurance? Is your mobile bill out of control? How much interest do you pay on your outstanding credit card balances?… read more >>

What Drives Consumer Credit Growth?

Economic balance requires several conditions, simultaneous synched and sustainable, by design. But even with deep analysis and exhaustive planning, the UK economy still generates surprises, catching even the most astute observers off guard. In particular, consumer behavior is often hard to predict, proving inconsistent and subject to unanticipated trends. Add a personal financial component, and the ability to foresee economic conditions with a high degree of accuracy becomes even more tenuous. As economic conditions continue to evolve, the robust run of consumer spending seen in recent years has surprised some observers. But a look at the driving forces sparking consumer credit growth reveals some of the finance factors responsible for… read more >>

Should Employers Invest In Workers’ Financial Health?

Effective personal financial management is all about earning and spending. As a result of this relationship, your employer plays a crucial role in your financial health, providing the life blood of your personal economy. Without an earnings source to fuel the fire, your financial flow quickly turns from a balanced equation, to a losing proposition. But as important as it is, your paycheck isn’t the only compensation earned from your employer; you’re also entitled to other perks and benefits, as part of your overall earnings package. From parking accommodation at the workplace to retirement provisions, employee benefits take many forms. Among the many ways companies add value to their employees’… read more >>

What’s So Important About Budgeting?

Making a budget and managing money can be intimidating prospects – particularly for Britons without personal finance experience. Despite the worry, effective budgeting and efficient cash flow management are vital duties, helping UK households meet their financial responsibilities, month after month. If your financial understanding needs a boost, several debt and money charities offer consumer assistance, working out money matters. And while each organisation puts-forth its own unique resources, most financial advisors agree; healthy household finance starts with a well-executed spending budget. Budgeting Basics There’s more than one way to establish a workable budget, but most methods build on the same underlying principle. Consistently spending less than you earn is… read more >>

Where Are You Going to Get That Kind of Money?

Some financial demands are expected, giving UK families time to work out payments. However, many spending mandates seemingly rise-up from nowhere, catching Britons off-guard and sparking a need for fast cash. From unexpected repair bills to medical expenses you didn’t see coming, unanticipated spending demands can have a dramatic impact on your household cash flow. These stressful bouts of unforeseen spending pressure can leave you wondering where you’ll find the money to cover costs. Fortunately, several finance sources are available, providing funds for short-term spending needs. Friends and Family Finance When you need cash, above and beyond your earnings, family members can sometimes provide the help you need. Friends and… read more >>