budgeting

Planning a wedding?

Great ways to budget and cut costs

Wedding season is upon us and the temptation to overspend on the big day is tempting but there are mnay ways that costs can be cut and you don't fall into debt during the honeymoon period.

Starting to save as early as you can and working out how much you can realistically budget for with is a good way to keep a check on how much you can afford.

Write a list of all that is needed for the planning of the wedding and how much these are likely to cost and if this doesn't match your budget, think about where you can cut costs.

Check out these sites for some top tips on ways to cut costs on your wedding.

http://www.hellomagazine.com/brides/2015052825493/tips-how-cut-down-wedding-costs/

https://www.theknot.com/content/ways-to-save-money-on-wedding

 

For more help with saving money for a wedding check our life events - weddings section.

 

Who you gonna call? Debtbusters

Elaine Colliar talks you through the best places to seek advice.

If you have reached the point that you don’t know where to turn then maybe you need to talk to someone directly. But who can you trust?

A lot of online companies offer to “write off your debts” or do some magic voodoo if you can just find your way to giving them a big chunk of your money every month.

There are perfectly legitimate agencies out there who will help you to do this, making sure that every penny that is being used to pay off your debt actually goes to your creditors.

Even better, when you use these agencies, you will find that the people you owe money to will step back and stop hassling you. Fewer phone calls, red letters and stressful demands on the doorstep – that has got to be worth considering, right?

Who do I recommend? Well, for all forms of debt, whether it’s council tax or credit card bills, you can contact Citizens Advice, the StepChange Debt Charity or a free independent adviser who can negotiate payment plans at an affordable rate.

Christians Against Poverty (you don’t have to be religious) and the National Debtline can also help. If you are feeling under pressure from your creditors, these guys will help you prioritise your debts, set up a budget that works for your family and support you.

If your problem turns out to be much more severe, then there are agencies to help you access other options like the Debt Arrangement Scheme and even bankruptcy as an absolute last resort. So stop fretting and make that call.

Contact these organisations for advice:


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Read more at http://www.dailyrecord.co.uk/lifestyle/money/elaine-colliar-who-you-gonn...

Staying out of debt

Why it’s already time to start thinking about next Christmas
Financial expert Fergus Muirhead shares his advice for keeping your finances in check this year.

Last year’s Christmas tree will hardly be in its box and already we’re telling you to start planning for Christmas 2016.

What’s that all about?

Well, it’s about avoiding the problems that some of us may have fallen into this year because we didn't give ourselves enough time to plan and pay for Christmas celebrations last year.

So here are just a few of the benefits of starting now.

  • You can spread the cost over a year rather than one month
  • Enjoy greater choice, more leisurely ways to shop and find the best prices on the items you're after
  • Find the best credit deals if you have to borrow
  • Ease the stress by not leaving it all to the last minute

Read more at http://www.dailyrecord.co.uk/lifestyle/money/staying-out-debt-its-alread...

 

 

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Your guide to financial health

Expert advice on dealing with debt, budgeting, saving and borrowing


Our 16 page guide to your financial health. Includes info on facing up to date, budgeting guide, five questions every borrower should ask, ask the money doctor, recovering from debt and how to handle financial life stages.

Link opens in another browser. Click on the guide to open.


 

 

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