If you want to cut your expenses, food should be high up on your list. Food shopping is a large part of most people's budgets and it's also one that you have a lot of control over. It's not easy or quick to cut what you spend on rent, council tax or transport costs, but adopting a few new habits can help you reduce your grocery bill and still eat well. Plan, plan, plan Planning is the key to … [Read more...]
Budgeting and debt
Good budgeting is the cornerstone of dealing with debts. If your debts aren't out of control but you want to pay them off as quickly as possible, taking control of what you spend will help you get there faster. If you are struggling it's vital that you don't waste any money at all!
The basics are covered in Smarter Budgeting, then follow that up with some of these articles looking at specific areas.
Without a good budget it's really hard to decide how to tackle your debts or to keep on top of them as you try to implement your chosen plan. This article looks at what goes into your budget and the different approaches people use that help them. Why budget? I wrote a long section here but Dave Ramsey has said it shorter and better: "A budget is telling your money where to go, instead of … [Read more...]
If you feel your money just vanishes or you are worried your budget isn't realistic, a spending diary will give you the facts you need to take control. Without knowing what you actually spend, all too often plans to cut back are just good intentions that don't work in practice. Why you need a spending diary Many people have little idea about what they spend - it feels as though their income … [Read more...]