MoneyAware news: July 2017

posted by James in Debt news Leave a comment

What’s happening in the world of debt and money news? We’ve got a round-up of the most important stories this month… Continue reading »


8 ways to save money on your mortgage

posted by Rory in Saving money Leave a comment

What options are there to help you save money on your mortgage, reduce your monthly costs and pay less in the long-term?

If you’re on a debt solution, such as a debt management plan (DMP), then finding ways to reduce a ‘priority bill’ like this will have a big impact on the rest of your budget. If you’re not, and you just want to reduce your monthly outgoings, it’ll still mean the chance of having ‘more money in your pocket’.

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

posted by Becca in Budgeting 2 Comments

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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Money worries: how cancer can affect your finances

posted by Macmillan in Living with debt Leave a comment

If you’re affected by cancer, it can be tough on your finances. In fact, research from Macmillan Cancer Support shows that 4 in 5 people affected by cancer are on average £570 a month worse off as a result.

This is Laura’s story…

Laura was diagnosed with Hodgkin’s Lymphoma in 2011. Due to not being able to work during intense treatment, she experienced financial difficulties. She also found getting travel insurance difficult.

She received support and information on benefits from Macmillan, as well as help from her friends and family.

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How can I make money fast?

posted by Rachel in Making money Leave a comment

There are lots of ways to make money, but just how fast is the payoff?

Many of the so-called quick money-making tips out there seem like scams, or are dependent on you having lots of free time. However when you’re struggling financially there are a few ways to earn extra cash quickly.

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Can I get a mortgage while on a DMP?

posted by James in Living with debt 62 Comments

This has been one of our most successful articles since it was first written in 2013, so we’ve updated and republished it for 2017.

Can you get a mortgage on a DMP?

Can I get a mortgage on a DMP?

Being in debt doesn’t mean that you can’t have dreams. So if you’re in debt and hoping to get on the property ladder then it’s natural that you may think “Can I get a mortgage if I’m on a debt management plan?”

There isn’t an easy answer to this question because every situation is different.

However, we can tell you a bit about what your chances are.

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Cheap food: 7 ways to save on your food budget

posted by Becca in Saving money Leave a comment

When you’re living on a budget, controlling your food spending is crucial.

However, with food prices increasing at the supermarkets, and some brands even reducing the size of their products (without reducing the price tag!), it can be a challenge making cheap food that tastes good.

As food inflation begins to bite, we’ve seen a steady increase every month on the amount of money that people are spending on food. By giving these easy tips a go, you might find it easier to keep your weekly food shopping on track…

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