Tag Archives: bills

Money, your relationship and Christmas

posted by in Living with debt Leave a comment

Don’t let debt ruin Christmas for you and your partner

Far from being the most wonderful time of the year, for some people Christmas can be the most harrowing, especially if you’re worrying about debt. Everyone seems to have their hand out, no one seems to want to help with Christmas dinner, and every little annoyance seems a hundred times bigger.

All that stress has many couples bickering over the most trivial things. Little spats are normal, but everyday rows can indicate trouble. If this sounds familiar then you may need advice from a relationship counselling service.

You might ask, what do relationships have to do with your finances? Relate found that 80% of their clients are dealing with money worries. They then take their worries out on their partner, which just makes things worse.

We’ve put together a list of Relate’s best relationship remedies to help you stick together this Christmas and beyond…

Continue reading »

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HP or a credit agreement – that is the question!

posted by in Living with debt Leave a comment

Check your credit agreement

Check your credit agreement

Have you brought a sofa from DFS, a TV from Curry’s, maybe a bed from Bright House or a car from your local dealers?

Are you worried that you can’t make payments and they are going to take your goods away? Or do you think that you don’t have to make payments and that your goods are safe?

So what’s the difference between hire purchase and a credit agreement? Continue reading »

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If you’re on benefits, changes are coming in 2013

posted by in Debt news 103 Comments

The changes could leave you with less cash

The changes could leave you with less cash

There are some big changes to housing and other benefits that will come into effect in April 2013.

If you receive housing benefit to help you pay your rent it’s important that you understand these changes to see if you’ll be affected and what you should do.

Let us take you through the changes so you can start to plan now. Continue reading »

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On a DMP? Avoid the temptation of an extra loan

posted by in Living with debt 1 Comment

Payday loans neon sign

Avoid the temptation of payday loans

We all know how difficult it can be to manage a budget. Putting it together can be a struggle but making sure that you stick to it month after month is more of a challenge.

We’ve given tips on how to create and stick to a budget but we know it’s easier said than done.

Recently we asked people on Facebook how well they budget and the responses varied from having spreadsheets and knowing exactly where every penny has gone, to not having a clue (I’ve got to confess I was one of the latter!). Continue reading »

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We review 5 Android and iPhone budgeting apps

posted by in Budgeting 13 Comments

Can I get Twitter on that?!

Can I get Twitter on that?!

I use my smartphone for almost everything – all the general phone functions, camera, emails and keeping up with friends on Facebook and Twitter. I’ve even got a to-do list application that pops up and gives me little pep talks about how efficiently I’m using my time!

Although I have a good grasp of my bills and more regular expenses I find it harder to monitor things like food shopping and entertainment because I don’t spend my whole monthly budget at once. For a while I’ve been making a note in my diary every time I’ve spent something from these budgets but it hasn’t proved to be very accurate, always leaving me a bit short at the end of the month (surprise surprise!).

So I’ve been on a quest to find a good personal budgeting application. My hope is that using an application to do the adding up for me might help me to assess my spending more regularly and more accurately.

Continue reading »

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What happens if you fall into rent arrears?

posted by in Living with debt 3 Comments

[If you’re having problems with your mortgage payments instead, read our mortgage rate rises blogpost]

It's unlikely you'll have to hand the keys back straightaway

It’s unlikely you’ll have to hand the keys back straightaway

There are so many reasons people fall behind on rent payments, and as we’ve seen, it seems to be a growing problem.

It could be that your hours were reduced at work, or the washing machine broke and you had to make savings somewhere to be able to afford to replace it.

Most commonly we hear from clients that have missed rent payments to be able to pay unsecured credit debts. We know that creditors can be quick to chase you for missed payments but not paying your rent has higher consequences than not paying your credit card.

In the worst case scenario if you fall behind on your rent and can’t afford to get back up to date you could end up being evicted. We’ve already told you what you should do to avoid eviction but what actually happens if you miss rent payments? Continue reading »

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How to get up to date with rent arrears to avoid eviction

posted by in Living with debt 10 Comments

If you’re having problems with your rent arrears, also read our article What happens if you fall into rent arrears?

streets of houses

Rented housing; a financial story behind each door

Hopefully everyone knows that rent is a priority. If you fall behind on payments and don’t make an arrangement to get back up to date it could ultimately mean eviction from your home.

Rent arrears is a growing problem. More than 10,000 people contacted us for help with rent arrears last year, an increase of 27% from 2010. On average, our clients in rent arrears are £760 behind on payments and £82 short of the amount needed to cover living expenses each month. The situation is worse for those in privately rented accommodation. Continue reading »

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