Posts by CLCU Editorial
Christmas money saving tips
Christmas just around the corner. Central Liverpool Credit Union has produced 5 tips to help you budget this festive season. 1. Work out your budget. The average household will spend £475 on gifts, £110 on food and drink, £30 going out, £20 for travel and £17 on decorations. The Money Advice Service has produced a…
Read MoreTalking about money: planning for a funeral
Funeral costs are rising. Here’s some information to help protect you and your loved ones. You probably already know funerals are expensive. The most straight-forward funeral can cost £1,000s. There are unavoidable expenses that are easy to overlook, such as burial fees. Thousands of people are left unaware that funeral costs continue to spiral. One…
Read MoreTalking about money for couples
One in three people say that support when talking to their partner about debt and finances would benefit them. A recent poll found that UK adults are hiding a collective £69.6bn of secret debt from their partners. Accounting for most of the debt, 5.5m people were hiding an average of £2,000 on credit cards. Nearly…
Read MoreYoung adults: talking about money
A poll of 1,000 18-25-year-olds found money worries were widespread. Young adults are spending a large chunk of their time feeling anxious or under pressure. Young adults wanted to budget. They need more information about savings accounts. Here’s a video of 16 to 25 year olds sharing their thoughts about money: Budgeting tips In October…
Read MoreTalking to children about money
Teaching young children about money makes them better-off in the long-run. A research project running since the 1970s found kids who were taught about saving were more likely to have a decent pension in later life. Budgeting skills meant less debt. Awareness of real-life costs makes people shop around. For the under 5s You can…
Read MoreTalk Money Week
Central Liverpool Credit Union is pleased to announce our involvement in this year’s Talk Money Week. Launching today, Talk Money Week celebrates the work thousands of organisations are doing to improve money management across the U K. What’s coming up? Every day this week we will be providing money tips for members of all ages: Tuesday:…
Read MoreBetter budgeting with the 50/30/20 rule
Want a quick and easy method for budgeting? Then you can’t beat the 50/30/20 rule. Elizabeth Warren, a U.S. Senator from Massachusetts, was named by Time magazine as one of the 100 Most Influential People in the World. She came up with the 50/30/20 rule. After paying tax you split what you have left into…
Read MoreCredit unions: Good for you and your community
Do you care about the community you live in? Do you want to be a good neighbour? Are you a part of something that’s good for you and your community? You might keep the front garden tidy or go shopping for an elderly neighbour. Maybe you wave to other residents as you pass by or…
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