Happy New Year, everyone! Are you excited to have a blank piece of paper in front of you for your 2018 resolutions? Or is it a bit depressing as your list is much the same as last year... And last year half of them didn't make it to mid-January and you didn't stick to any of them for three months... For 2018, go for SMART resolutions. SMART is a term from professional project … [Read more...]
Resolutions about debt - here are some practical ones!
Have you made a resolution to tackle your debts? Debt Camel is looking at one practical thing you can do each month to improve your financial situation and clear your debts sooner.
Whatever you want financially in 2016, it is going to be easier to achieve if you have less debt. Do you want to buy a house this year or next? Do you want to clear the mortgage as soon as possible? Maybe you want to go traveling or get married. Are you thinking of starting a family and maternity leave? Or simply sick of handing over so much of your salary to the banks each month? Less debt … [Read more...]
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...]
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...]