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Other Money

I write about a  lot of Personal Finance that isn't directly about problem debts. Those articles are gathered here.

Spending - reducing or controlling it is usually essential if you want to reduce your debts. So Budgeting is another big topic.

Your grandparents used a pen and paper, but now we have Apps to make all this easier.

Mortgages - sometimes thought of as the only good sort of debt!

Credit ratings - important if you have too much debt or very little!

Apps that help you budget or save money

Here is my pick of apps and other #FinTech (Financial Technology) products that help you budget and save if you live in the UK. My interest here is people who are short of money. It doesn't include apps getting you to invest in the stock market. But these budgeting apps will also help anyone who doesn't have debt problems but wants to save more, for a house deposit, a big holiday or to … [Read more...]

October 1, 2021 Author: Sara Williams Tagged With: Budgeting & Saving

Should you get a joint account for the bills?

Should we use a joint account for everything? Or get a joint account only for the bills? How will a joint account affect our credit scores? Is it best to both use the same bank? I've seen a few questions about how couples share finances recently, so I've brought them together into one article. Should we use a joint account for everything? Don't rush into this! Not only are you linking your … [Read more...]

September 29, 2021 Author: Sara Williams Tagged With: Credit ratings

How much must you earn to replace the £20 UC cut?

The government wants people to work more to replace the £20 Universal Credit (UC) cut coming up in October. If you would like a simple guide to UC, written by people who are "experts by experience", check out Universal Credit: A guide by claimants, for claimants. Many people would love to earn more but can't get the hours. Others can't work for health reasons or caring … [Read more...]

September 9, 2021 Author: Sara Williams Tagged With: General news & policy, guest post

Off to uni ? Time to plan your finances!

 You have the A level grades - well done! There are now just a few weeks to get organised for uni in September 2021. What should your top priorities be for managing your money? And what should you avoid?   Living on a student loan is hard You will probably get more money in your bank account than you have ever had before. But most students find it harder to manage than they … [Read more...]

August 16, 2021 Author: Sara Williams Tagged With: Budgeting & Saving, credit cards

£140 help with your electricity bill this winter

Winter energy bills 2021

Are you worrying about how to afford the heating this year? There are some very big price rises coming in 2021, see Energy bills to rise by at least £139 for millions of households Millions of people on benefits or a low income can get £140 off their electricity bill through the UK's Warm Home Discount scheme. All the large electricity suppliers and some of the small ones offer this. There … [Read more...]

August 6, 2021 Author: Sara Williams Tagged With: Budgeting & Saving

Save a house deposit or pay off debt?

A reader asked: "A friend said not to pay my defaulted debts off but save money towards a deposit for a mortgage - is this a good idea?" It's often unwise to rely on friends for debt advice... They may be guessing, their situation may have been quite different from yours, or they may be assuming what happened to them years ago is still useful today. And in this case, the friend may know … [Read more...]

July 14, 2021 Author: Sara Williams Tagged With: A reader asks, Budgeting & Saving, Mortgages

95% mortgages return in 2021 – but is one right for you?

95% mortgages vanished with the pandemic At the beginning of 2020, this article started by saying "95% mortgages are back in fashion". It pointed out many more 95% mortgage offers there were compared to a few years ago. The interest rates were a bit higher than a mortgage with a 10%5 or greater deposit. But with the pandemic, mortgage lenders ran scared, concerned that house prices may fall … [Read more...]

April 19, 2021 Author: Sara Williams Tagged With: Mortgages

How fast can I improve my credit score for a mortgage?

Here are some questions I have seen recently about how long it takes to improve your credit score for a mortgage: I was foolish with credit cards for years but now I am determined to buy a house - how long will this take? My credit score is dreadful. My new partner has a good credit record and we want to get a mortgage. I have a poor credit rating but I have now inherited a deposit. How … [Read more...]

April 2, 2021 Author: Sara Williams Tagged With: Credit ratings, Mortgages

How much will my credit score change if … ?

How much will my credit rating go up or down? That is a very common question. But it's often tricky to answer! This article has some guideline numbers from Experian that may help. These are only indications - your credit score may not go up or down by this much. They assume nothing else has changed on your record. They also apply to single issues. If you have two defaults already, getting … [Read more...]

February 18, 2021 Author: Sara Williams Tagged With: Credit ratings

Buying too much online? 5 ways to cut back

A few taps on your mobile and that handbag, those kids' clothes or this kitchen gadget is on its way to you. Very convenient with busy lives and little time to go to the shops. Or when the shops are shut because of lockdown! But when money is tight or you want to save for something important, or you are just bored with being at home all the time, it can be just too easy to overspend. … [Read more...]

January 10, 2021 Author: Sara Williams Tagged With: Budgeting & Saving, credit cards, Snowballing

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