Being a parent is hugely costly and I’ve often wondered how single-parent families cope not only emotionally but also financially… Sure there are the general living costs such as gas, electricity, water, food, clothing and such like, not to mention childcare if you are a working parent, but then there’s all the other stuff; Christmas, birthdays, the toys, the entertainment, the days out, all of which on only one wage rather than two must be extremely difficult.
Did you know that 25% of families within the UK are ‘single-parent families’? Nine out of ten of these are run by single Mothers.…
Life as a student isn’t cheap, which you will probably understand if you have been to college or university yourself. While a student loan will cover course and some accommodation costs, there is also food to buy, bills to pay, as well as expenses connected to transport and social activities. If your teen isn’t prepared for the high cost of student living, then he or she might well end up ringing you mid-term asking for a loan from the bank of mum and dad!
This, of course, is where you come in. With your assistance, you can do much to help your teen.…
Nobody is perfect in this life, especially when it comes to finance. Nonetheless, while there are a number of mistakes that will cause very little damage, others will lead to major problems. Avoiding the big pitfalls is essential if you wish to truly unlock the door to a brighter financial future.
So, what are the mistakes that you’ve been making and how can you rectify them? Let’s take a look.
Accepting The Services You Have
Nobody should feel guilty about spending money on the essential items that make daily life feel more comfortable. Unfortunately, millions are guilty of accepting the rates that they are getting, and it could be costing you hundreds of pounds each year.…
Anyone with a mobile contract that’s ended after 24 months and is still paying the same amount they were when they first took it is throwing money down the drain. Chances are the plan you’re on factored in handset repayments so you’re now overpaying by a big chunk every month.
When this happens, it’s all about haggling to get yourself a cheaper monthly plan or more minutes, texts or data. In fact, you have three choices: upgrade to a new phone with your existing provider, switch to a sim only deal and keep your current phone or cancel your contract and move to a new provider.…
If you’re the parent of a teenager, then you’ll appreciate that this can be a very important time in their lives. Not only are they sometimes a hormonal wreck, but they’re also faced with tackling everything from exams to learning to how to drive and handling the life lessons we all go through at this age.
You’ll also want to support them as well as you can to help put them in good stead for later life, and as such, it can be a good idea to teach them a little about financial responsibility. While there’s the basic – but still pivotal – maths skills they’ll learn at school, we’re specifically referring to some of the monetary aspects of day-to-day life.…