Brit On A Budget details different types of debt and who you can contact for help if you are in debt yourself.
It’s funny how we can spend years swiping credit cards, taking out loans and building up finance, and then one day we turn around and decide we want to pay off all of our debt. It’s easy to feel overwhelmed when you think about where to start when it comes to paying off debt, especially…
Continue reading ➞ How To Use The Debt Snowball Method to Pay Off Debt
Most people can feel weighed down by debt at some point in their lives, and it can be overwhelming trying to figure out a clear path to becoming debt free. Similar to the debt snowball method, another common debt repayment method is debt avalanche, which is also recommended by financial adviser Dave Ramsey. WHAT IS THE…
Continue reading ➞ Pay Off Your Debt With The Debt Avalanche Method
When looking to purchase a house, it's important to have an idea of how much you may be able to borrow from a mortgage lender, as well as how much you can afford to pay out monthly towards a mortgage, not just for your current situation but also for the long term. What is the amount…
Continue reading ➞ How Much Can I Afford To Borrow For A Mortgage?
The payday lender Piggybank has collapsed, leaving around 45,000 customers in limbo over repayments and compensation.Back in July, Piggybank were banned from offering new loans to customers after the Financial Conduct Authority (FCA) raised their concerns about Piggybank’s poor affordability checks.This meant the lender, who were one of the UK’S 10 largest payday operators, were…
Continue reading ➞ Payday Lender Piggybank Collapses Into Administration
Buying a home can be a daunting experience, especially if you are a first-time buyer. There are lots of costs involved so you need to save more than just a house deposit, because for a while it may seem like all you are doing is paying out expenses.There are many fees and services associated with…
Continue reading ➞ How To Cut The Cost of Buying Your First Home
With houses in the UK getting smaller, the average UK home sold in 2018 is now 76 square metres and has 4.8 rooms, compared to the average size of houses sold in 2016 that were 90 square metres.However, this may be a positive in disguise for some people, and I'm about to tell you a…
Continue reading ➞ 7 Reasons Why You Should Live In A Modest Home
Today I want to share with you some common unexpected expenses that you may come across at some point in your life, and why you should start preparing for them now. It is more than likely most of us do not budget for these types of expenses. This leaves us wondering where we will find…
Continue reading ➞ Why You Should Start Your Emergency Fund Right Now
What Effect Does Debt Have On Your Mental Health?Because it is Mental Health Awareness week, I thought it would be useful to some people to talk about the effect debt can have on your mental health. Mental health problems can cause debt and debt can cause mental health problems.Debt triggered by mental health problems can…
Continue reading ➞ Is Your Money Affecting Your Mental Health?
