Brit On A Budget details different types of debt and who you can contact for help if you are in debt yourself.
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
This past year and a half has been a very difficult one for many people around the world. Not only have we had to juggle with travel restrictions, lockdown orders, and the fear of becoming ill — many of us have also been struggling financially. Personally, I have struggled to make ends meet, as well as…
Continue reading ➞ Simple ways to take control of your spending and finances
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
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?
10 years may seem like a really long time, although it can pass so quickly before your eyes. It can be hard to imagine what your life will be like in 10 years time. However, having a 10 year plan can help you to make all the decisions you need to make today to get…
To buy or not to buy...that is the question! Have you ever questioned the positives and negatives of buying vs renting a home? I know I have. How to rent or purchase a house isn't something we get taught in school, so we pretty much have to learn everything ourselves. Therefore, I have thought of…
Continue reading ➞ Everything You Need to Know About Buying Vs Renting a Home
