MoneyAware News: June 2017

posted by Becca in Debt news Leave a comment

What are the top debt and money stories so far this month? We bring you the news that we think matters to you and your wallet!

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A friend in need…what to do if someone you know is in debt

posted by Rachel in Living with debt 3 Comments

Don't let your friend suffer in silence any longer.

Don’t let your friend suffer in silence any longer.

You’ve known for a while now that someone you care about is going through a rough patch with money.

Their face is constantly tight with worry and there’s a stack of bills on their side table. You can’t have a five-minute conversation without their phone ringing, and every time it does they let out a world-weary sigh.

There could be a whole host of reasons why they’re struggling, some you may not even be aware of. Maybe they recently had their hours cut at work, or their partner walked out. Perhaps their household expenses have been creeping up in price over time (you no doubt know yourself how expensive things are these days). You want to help but don’t know how.

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Automated apps to make saving simple

posted by StepChange MoneyAware in Budgeting Leave a comment

This guest post comes from Sara from Debt Camel. Her site offers free, practical help on debt, budgeting, and information about debt solutions, and we think it’s ace. Sara’s been a volunteer advisor at Citizens Advice since 2001 and is also a member of the Institute of Money Advisers. 

If you’re paying off debt, it’s important to try and put a bit of money aside, so it’s easier to cope with unexpected problems and emergencies. There are a host of savings apps out on the market now, but do these work?

This article looks at Chip and Plum, two apps that take the hard work out of saving. They work by automatically moving small amounts from your bank account into a savings account several times a month.

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Don’t fall out with family and friends over money

posted by Rachel in Living with debt Leave a comment

If you’re on a debt solution with us, get in touch with us before borrowing money off a loved one. It might be possible to reduce your payments to your debts temporarily to cover any emergency expenses.

No one wants to fall out with someone they care about over money.

Back in September 2016, our research showed how debt can damage relationships. Sometimes the person lending the money is struggling too.

 

This added pressure could result in the person lending the money blaming the borrower for their difficulties, which can damage relationships.

With this in mind, let’s look at the alternatives to borrowing money from your loved ones.

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How to get your credit report

posted by Becca in Living with debt 2 Comments

Getting your credit reportDo you worry about your credit score? Are you confused by people talking about their credit report? You’re not alone. Dealing with debts, and understanding your credit report can be daunting, but we’re here to help.

We’ll explain how you can get your credit report, what’s on and it and why your credit score is important so that you can feel confident about dealing with your finances.

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How you helped us get Breathing Space back on the agenda

posted by StepChange Debt Charity in Debt news Leave a comment

This article was originally published on 10 March and updated on 24 May 2017.

In February, over 1,000 of our clients emailed their MPs asking them to support a Breathing Space scheme for people in debt in England, Wales and Northern Ireland*. If you helped, thank you.

A scheme like this would mean that when people in debt get advice they’d have fees, charges and interest on their debts frozen, along with a break from enforcement action. It would allow them time to sort out their finances without seeing their debts spiralling upwards. Continue reading »

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We test apps that can save you money in 2017

posted by James in Saving money 1 Comment

Mobile phones can be expensive but you can also use them to save money. We’ve found four apps that can help you save money in different ways. From tracking your spending to sourcing out cheap restaurant food, we’ve got apps that can help you save a few quid.

We each picked a money-saving app, downloaded it and put it through its paces. Our reviews tell you the good and the bad about each, and how we got on with them. Continue reading »

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