A bit of a wordy title, but I like everyone to know what they are getting.
Welcome to our first signposting blog.
This time we are focussing on Money. We can’t seem to live with it, we definitely can’t live without it, but let’s make it work better for us. I have made a list of useful websites I have found. Most I have used, some I haven’t had to. Find the sites that help you most.
Something to begin with… https://www.entitledto.co.uk/ can help you make sure you are on all the correct benefits.
Learning to budget is well worth the time and effort. Knowing how much money you have coming in each month vs how much going out is essential to having a stable household.
There are three stages to working out your budget:
- Look at how much cash you’ll have coming in this month.
- Add up how much money you’ll have going out i.e. bills, standing orders etc.
- Then subtract your outgoings from your income and divide it by the number of weeks there are until you are next paid. Once you’ve done this, you’ll have an idea of how much you’ll have to live off week by week.
Crucially, DO NOT spend any more than this amount.
Check out these websites for tips
Now you have a budget don’t forget there are plenty of tools out there to help you reduce your bills. Use these websites to make sure you are on the lowest tariffs for all your suppliers. But make sure you are out of contract with them before you decide to move to another supplier or else you may be stung with a leaving fee
What if you find yourself in debt and you have more money going out than coming in. It’s scary, I know I have been there too, but don’t worry there are lots of people out there to help you get through it and come out the other side.
Money for essentials never seems to be quite enough, check out these websites for tips to help the food budget go further and cooking better for less
Tips from the Team
Jane – I really like the tv programme which Greg from Masterchef does (Eat Well for Less?) where they look at weekly shops and save families loadsa money – having said that, I can’t believe how much some of them spend without even realising! https://www.bbc.co.uk/programmes/b0520lz9
Sue – Loads of great money saving tips on the Martin Lewis website (see above, Money saving expert)
Sam – Step Change Debt Charity: Offer free debt advice that is based on a comprehensive assessment of a person’s situation. They’ll then provide practical help and support for however long it’s needed. Really informative website, online debt help tool or you can use their budget form and complete that before you make a call to them… (see above for website)
So there you have it, our money tips.
Do you have any other tips you would like to share? If so, don’t be shy, we would love to know them too. Comment below.
See you next time