Cut spending on shopping

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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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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New Year is a great time to take an honest review of recent spending. Here’s a 7 step plan of action to improve your finances durng 2019. Step 1: Assess the situation You’re probably underestimating how much you’ve spent this Christmas. Property website Zoopla reckons four out of ten people do not know how much…

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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…

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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…

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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…

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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…

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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…

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