Money Tips

5 Ways to Stop Emotional Spending

July 15, 2021

Emotional spending is a fairly common issue. It can severely impact people’s finances and it has been increasing as we have come out of lockdown, because of a combination of the shops opening again and people feeling lower than they did pre-COVID. Emotional spending is when people spend money to boost their mood and feel…

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How to lower your supermarket spend

July 7, 2021

When you take a look at where you spend most of your money, there are opportunities to lower your supermarket spend. Most families will see that a lot of their money goes on shopping from the supermarket. Food, cleaning products, hygiene products and other essential items all add up to a large amount of your…

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Make a Budget Planner

July 1, 2021

Managing your finances can be difficult, especially when there are lots of household bills and outgoings to take care of. If you are struggling to manage your money, then there are a few solutions you can try, including making a budget planner. By setting up a budget planner, you will have a better idea of…

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Teaching children good money habits

June 10, 2021

When it comes to understanding how to manage finances, teaching children good money habits is so important. In fact, the earlier children develop a good understanding of using money, the better they should be able to manage money throughout their life. Many children have little experience of managing their own money until they become an…

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Saving for beginners

June 8, 2021

Whether you want to replace a washing machine, afford a holiday, or even save up for a house deposit, the first place to start is by saving. However, most people find saving quite challenging, especially if there are bills and other financial commitments to pay each month. Fortunately, there are some techniques you can try…

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Try our benefits calculator

October 13, 2020

Try our new benefits calculator. With further extensions to lock downs, including in Liverpool itself – we recognise that many of our members are facing financial hardship. The furlough scheme is changing. People in retail and the entertainment industry are suffering. And it’s likely that there’ll to be worse to come. Some of our members…

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Cut spending on shopping

Cutting back on your spending

February 29, 2020

In a recent survey of members, almost everyone we spoke to said that they wanted to save more. But that can be hard on a low income. Where does the money come from? Cutting back on spending is hard. To help you, here are four tips to help you cut back on spending. Pause big…

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How to set a money goal and stick to it

January 2, 2020

If your New Year resolutions include a money goal, this quick and simple guide will help ensure you achieve your objectives. Perhaps your money goal is to save more, go on a decent holiday, pay down debt or just spend less. When setting a money goal, the SMART approach is best. Your goal should be:…

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Let’s talk financial wellbeing

November 20, 2019

Its Lets Talk Money Week. This year’s theme is financial wellbeing. For us, its timely. Earlier this month the Credit Union was selected as one of the finalists in the Affordable Credit Challenge. We will be working with our software partner to develop Financial Health Indicators (FHIs). Covering spending, borrowing and saving, FHIs will be…

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An introduction to credit scoring

May 28, 2019

A credit score is a three-digit number that can determine whether a loan application is accepted. Borrowers with lower credit scores are often charged higher rates of interest. Of course, we don’t do that at Central Liverpool Credit Union. We prefer to see our members as human beings, not numbers. We obtain credit scores, but…

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