As a family of 7, our clothing expenses can get pretty high. It doesn’t get anywhere close to how much we spend on our food budget, but clothes can still get pricey. However, we have found a way to change that this year and are really excited to have only spent less than $5 for two seasons of clothes for the whole family! Read more
Almost 3 years ago now, we became a blended family of 7. This was a huge lifestyle change for all of us, but one we are glad we decided to make. However, with this blended household, came some blended debt. We had to sit down and take a really hard look at our finances and figure out how we could knock out this debt, as quickly and efficiently, as possible.
Most millennials have unwillingly become part of the newest class warfare of the century. What is fueling the conflict? Student loan debt and its large-scale snowball effects on the lives of millennials who have had to depend on it for their tertiary education needs.
There has been widening wealth rift between households with student loans debts and those without. In 1998, under- 35 families under the clutches of student loan debt had a 36% less net worth than households without student debt. A household with student debt had a net worth of $68,687 while the later had an average net value of $108,146.
By 2016, this rift had widened to a whopping 75%. A household with student debt was worth $29,087 while one without was worth $114,376. Read more
Since we are still technically in the winter season, it is more difficult to find fresh produce right now. This can make eating healthier a bit more difficult, and sometimes more expensive. But, there is a great way to use what you’ve already got to eat healthy and still not break the bank. Read more
We’re all human. And we all make mistakes. But some of these blunders can hurt a lot more than others—especially when they involve personal finances. People who have gone through tough times with money will tell you it’s no fun. While some things are unavoidable, there are certain common issues that can be avoided with a bit of forethought.
Here’s how to solve five common money mistakes everybody makes.
Frugality may be the order of the day, but that doesn’t mean you can’t get similar results in business to those who spend thousands on major campaigns. While money makes money, doing things on a budget can also result in a huge return on investment (ROI) and achieve business and marketing objectives that you have set out. These range from using PR stunts to get people talking, sales promotions to entice customers to your brand, and direct marketing. Read more
When it comes to saving money, there are so many different ways to do it that it can make your head spin. Since it is a New Year, we wanted to take a look at how we were saving and see if we could reconfigure things to save us more. Enter our financial trainer with the brilliant idea to switch our savings to high yield savings accounts instead. So, how does this ultimately work out better for us and should you consider switching to a high yield savings account also? Read more
Payments by debit cards surpass cash transactions in the UK. Debit cards are the preferred payment option by consumers because of ease and payment spontaneity. Spontaneous transactions with no security pins required drive the UK’s contactless technological platform.
Living a frugal lifestyle can sound like a lot of work to those considering it, and having to give up some of the things you enjoy in order to save money isn’t a pleasant idea. However, once you start to do your research, you’ll find that there are many different ways to enjoy some down-time for little or no money, especially online! Read more
According to energy market regulator Ofgem, as of April 2018, the average British household spends £94.83 per month on their gas and electricity tariffs, or £1,138 a year. We’re spending around 4% of our household incomes on energy, a figure that rises to 8% for low-income households. Energy prices have been rising over the last three years and will likely continue to rise, as resources become scarcer and new regulation and taxes are placed on greenhouse gas emissions. Read more
