Category Archives: Budgeting

Glen’s story: From £15k in debt to debt free

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Glen Hodgson“When I went away to University at 18 I was hit with countless offers of credit, a number of which I took – including a student overdraft, a few credit cards, hire purchase agreements, and loans. It was too easy.

With no assets to lose, my view at the time was – “I don’t have the spare money to pay it all back without compromising on my own lifestyle” and so I put it to the back of my mind. However, I was about get a rude awakening…

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Automated apps to make saving simple

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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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How do I get help with childcare costs?

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Cutting the costs of childcare Sometimes finding affordable childcare can be difficult. No matter what you choose, it’s important that you plan early before you return to work as there are waiting lists for some services.

It’s also a good idea to look into what benefits are available to you so you don’t miss out on any entitlements.

According to government statistics, it will cost you over £200,000 to raise a child in the UK, a large chunk of this cost is for childcare when one, or both parents are working. With this in mind, is there help available and how do parents go about getting it?

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Our latest research: You’re not alone in debt

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StepChange Stats yearbook 2016As well as providing debt advice, we regularly produce research into personal debt trends in the UK.

The Statistics Yearbook, released twice a year, is one of the most important pieces of research our policy team produce, and the 2016 edition is released today.
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Planning a baby on a budget

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sleeping babyHaving a baby is one of the biggest changes that can happen in your life and with the costs of raising a child going up, it’s important to plan ahead.

Hormonal ups and downs bring feelings of excitement, anxiety, nervousness, elation and fear; but along with managing all these emotions your finances play a massive part in preparation for a baby.

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How to budget on a fluctuating income

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Whether you’re working flexible hours because it suits your lifestyle or you’ve been unable to find a full time contract, living off a fluctuating income can be a challenge.

Not knowing what your take home pay will be each week or month can make budgeting difficult, and sometimes this uncertainty can push you into debt. Here we talk about how you can budget even when you’ve got a fluctuating income.

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10 ways to treat mum this Mother’s Day

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Mum, mam, mother, ma. Whatever you call her, you don’t need to spend lots of money on Mother’s Day to show her you care.

Mums aren’t always into pricey things. In fact, if you go all out with your spending they may worry about how much money you’ve spent. That’s what they’re like.

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