Published in on Wednesday, April 15 2009 0 Comments

If you’re keen to make the most of your money in order to ensure that you can keep up with monthly expenses and stay out of debt, you will want to check that you are paying the right amount of tax and you can do this by checking your tax code. Paying too much Income Tax is an unnecessary drain on your finances, so it is really important to make sure you are paying the exact amount that you need to pay at any given time. Luckily, it is very simple to check your tax code, which is used by your employer to work out how much tax to deduct from your pay, if you are currently employed or get a company pension (or both).

Published in on Tuesday, April 14 2009 0 Comments

When you’re struggling to get yourself free of debt and weighing up the different options available to you, your desperation may mean that you don’t make the best possible financial choices. Some companies deliberately play on this weakness and your fears.

Published in on Monday, April 13 2009 0 Comments

If you’re heavily in debt, then it seems that fate has been conspiring against you as food bills have soared by an average of over 11% in the last year. It’s no surprise that the discount supermarkets have been reporting increases in sales as everyone tries to save money.

Published in on Sunday, April 12 2009 0 Comments

If you have made the wise decision to do all you can to maximise income through tax credits in an attempt to avoid the vicious circle of debt, you will need to follow these simple steps:

Published in on Saturday, April 11 2009 0 Comments

Setting off, a process used by banks to transfer money from a savings account to pay off a debt held with them, is increasing in frequency, causing many people struggling to cope with debt additional stress. However, before you start to worry too much, bear in mind that there are things you can do to minimise the potential damage caused by this process.

Published in on Friday, April 10 2009 0 Comments

Do you look forward to going to work each day if you’re lucky enough to have a job? If so, then good for you and please read no further as you probably have a true vocation. If, however, you’re looking forward to it as much as a trip to the dentist, then maybe it’s time to re-evaluate things a bit?

Published in on Thursday, April 09 2009 0 Comments

If you’re unable to pay your debts, then, technically, you’re insolvent.

Published in on Wednesday, April 08 2009 0 Comments

This week, several money experts have appeared on national television with the aim of making people more aware of the potential dangers of ‘setting off’, a process which many individuals across the UK are falling victim to. The simple fact remains that, although many people have been affected by this process, the large majority of British residents do not even know what the term means and this could have serious consequences for those who are struggling to get out of debt. So, what does it mean? Put simply, it is the right which banks have to transfer money from your bank/savings accounts to pay off other debts which are held with them.

Published in on Tuesday, April 07 2009 0 Comments

It’s more difficult than it has been for a long time to get a mortgage. Most lenders are insisting on much larger deposits and better credit ratings than for a long time. This is understandable – it was reckless lending that caused the problems we’re now experiencing. The problem is that the over correction in the opposite direction is tough if you’re looking for a first mortgage or to re-mortgage. And this is far worse if you have a poor credit rating.

Published in on Monday, April 06 2009 0 Comments

Have you sat down and really calculated every single aspect of your financial position? If not, don’t worry, you’re certainly not alone. Recent research carried out by National Savings and Investments (NS&I) found that 40% of people asked said they had no long-term financial plan, whilst 17% said they don’t seek information on managing their money because it’s too confusing.