How Your Credit Score Impacts Your Life
It’s probably fairly self-evident that your credit score will impact your ability to borrow. What you may not have realised, however, is just how much it touches on your everyday life. For example, your credit score may influence your ability to get service contracts. This includes rental contracts. It can even influence your ability to […]
8 Crucial Questions to Ask Yourself
In the complex world of personal finance, staying informed and proactive is key to achieving stability and growth. From managing debt to making smart investments, understanding the fundamentals can significantly impact your financial wellbeing. Here are eight crucial questions to ponder, designed to guide you through the maze of financial decisions and help you build […]
Mindful Spending: Regaining Financial Command
How do you manage your finances? Consider these suggestions to modify your spending habits and save a little more. The Tendency to Overspend The temptation to overspend is particularly strong amongst the youth, who may not yet be focused on long-term savings or pension plans. This \’present bias\’ — a preference for immediate gratification over […]
Secured and unsecured loans
Secured and unsecured loans are pivotal in fuelling business growth, acting as a catalyst for businesses to realise their objectives. In the UK, according to the British Business Bank, small and medium-sized enterprises (SMEs) saw a significant 12.8% rise in gross bank lending between 2021 and 2022, amounting to £65.1 billion – and that\’s just […]
Will Interest Rates Cause A Surge In Insolvencies?
It\’s been observed that there\’s a rising trend in the number of insolvencies, with experts predicting it may continue in the foreseeable future, primarily due to the Bank of England\’s increased interest rates. In September, we noted a 17% increase in insolvencies from the previous year, totalling 1,967 company insolvencies. This figure surpasses levels observed […]
Common Scams And How To Protect Yourself From Them
Scamming is as old as humanity. In fact, its underlying concepts have remained much the same throughout history. All that’s changed is the channels through which scammers operate. Unfortunately, digital technology has made it much easier for scammers to hide. Fortunately, it’s still straightforward to protect yourself against them. Understanding the basics of scams Fundamentally, […]
Unusual ways to make money
Saving money is all very well but you have to make it first. If you’re in employment, probably the most obvious way is to try to increase your income from that. If you’re not that’s not possible, then you’ll have to look at other options. With that in mind, here are some suggestions for unusual […]
Should you be worried about negative equity
Negative equity is when the amount owed on a secured debt is more than the value of the asset on which it is secured. The term is generally associated with the property market although it can be used in other contexts. For homeowners, being in negative equity is generally an undesirable situation. It is, however, […]
Are you spending too much?
Impulse buying is essentially mindless buying. In other words, it’s buying something without a clearly defined need or want. Probably most people do it to some extent and in most cases, no real (financial) harm is done. For others, however, impulse buying can do serious harm to their finances. With that in mind, here are […]
What summer 2023 has in store for your money
It’s always important to stay alert to changes that could have an impact on your financial health. There are several changes planned, or at least possible, this summer. They could all have a significant impact on your financial standing. Here is what you need to know. Interest rates could go up The Bank of England […]