The 50/30/20 method of budgeting

50 30 20 budgeting

The ‘50/30/20’ method is a budgeting tool and can assist you in managing your money more efficiently. Using this method of budgeting is a good way to increase your savings. Savings are a crucial part of money management. Recent UK saving statistics found that 34% of adults have either no savings, or less than £1000,…

Read More

What is a missed payment?

missed payment overdue

A ‘missed payment’ is when you don’t make a payment on the date agreed during a billing cycle (usually 30 days) to your lender. For example, you pay a credit card repayment on the 15th of each month, but you miss payment on that date. It is not only missed payments on credit cards and…

Read More

Save money by using cash instead of a card

Save money by using cash instead of a card. If you walk into a supermarket with only a £10 note, you’ve limited your spending to a tenner. Sounds obvious, but it’s an effective way to control your spending. Furthermore, it’s really hard to stick to a maximum spend if you’re using a debit card. And…

Read More