Life with Money

The Government Bedroom Tax

The Government Bedroom Tax

The UK Government crack down on the under occupancy tax, AKA bedroom tax, has been met with frustration and anger. The tax focuses on people who live in a social property which is under occupied. A couple living in a three bedroom house, where the children have grown up and fled the ‘nest’, will be charged a 25% premium on their rent. This only impacts people who get their housing benefit paid by the Government. The housing benefit will be cut accordingly. A 25% cut on a property rent of £4oo means there will be a £100 shortfall each month. […]

When Should I Start a Pension?

When Should I Start a Pension?

Happy Monday! I love a Monday morning, the possibilities for the week are unparalled and anything could happen! But mostly the week usually zooms away and before I know it we’re back to Friday. Life passes quickly when you think about it. We’re almost a Christmas again! It’s for this reason it’s all too easy to forget about the future. One conversation I heard recently was regarding pensions and that many people don’t have a pension in place when they hit 30. In the UK there are 1.2 million pensioners with no pension (other than the state pension). Currently, 12 […]

Life, Oh Life, OHHHH LIFE

Life, Oh Life, OHHHH LIFE

Life isn’t designed to be easy, I guess I don’t believe it’s designed to be anything. We have the choice over what we do with our time and who we become. In many circumstances which are often outwith our control, we can be driven down one path and struggle to get back. This was my experience of personal finance. When the wheels of debt are set in motion it’s often difficult to apply the brakes and reverse the situation. Life In Debt I expect most people live within their means. It’s when the means change that problems can occur. Do […]

Can The Government Take My House?

Can The Government Take My House?

I’ve written before about how I think it’s unfair the Government can decide that one person should lose all their worldly assets to pay for care home fees, while another person has to forfeit nothing. It should be fair, but once again, it’s another sign that those who work hardest don’t always get the rewards they deserve. In how to protect your assets from the Government I explained that care home fees were applicable to people who owned their own house, whereas, people who had nothing got the same level of care for free from the State. But, can the Government really take […]

Can’t Afford Food!

Can't Afford Food!

I read a disturbing story in a national newspaper about statistics produced by Which. The end result was that over 5 million households in the UK are using credit cards, savings or an overdraft to purchase food. The survey of over 2,000 people confirmed that 20% of people in the UK are borrowing money to purchase food. Who’s To Blame There always has to be somebody to blame, doesn’t there? We must find the culprit and point the finger. So, who’s in the firing line? – The Government: Benefit cuts and high unemployment mean people are struggling – Credit companies: […]

Maggie Thatcher Funeral: £10million

Maggie Thatcher Funeral: £10million

What will your funeral cost? I’m sure it won’t cost £10million. I’m also sure that you or your family will have to fork out to pay for it. Well, not in this instance. Tomorrow, Mrs Thatcher, ex- Conservative Prime Minister AKA the Iron Lady was in charge of the British Government from 1979 to 1992. During this time the country was at war internationally and domestically, although for vastly different reasons. The History of Margaret Thatcher Margaret Thatcher came into power in 1979 when the UK economy was in horrific condition. Employment, according to the Government, topped 3 million in […]

Save Money On Food

Save Money On Food

As the cost of living in the UK rises, it seems the cost of food is increasing daily. I had a conversation with a friend about how to save money on food and we both agreed, “If only food wasn’t a necessity”. However, it is. So, I started to consider how I saved money on food in the past. I have written about how to save money at the supermarket in the past but saving money on food is more than just a couple of tips, it’s about changing habits. Supermarket: They’re All The Same, Aren’t They? I always thought that […]

Electricity & Gas Debt

Electricity & Gas Debt

I need to find that T-Shirt… you know, the T-Shirt I wore not that long ago. The one that says, “Been there, done that, wore the t-shirt”. Yup. To me this statistic isn’t a shock, but it obviously is to the rest of the UK. The statistic released is that 20% of people in the UK owe money to their gas and electricity supplier. This research was supplied by Uswitch. Electricity and Gas Debts Are a Problem There’s essential debt and unessential debt. Credit cards and payday loans are not essential to pay. Yes you should pay them if you […]

I Heart Finance

I Heart Finance

As well as writing about finance and debt on a regular basis, I also enjoy reading articles from other finance writers. The content inspires me to write about subjects that I feel everyone already knows about, like, Can you really write off debt? Also, it’s just fun to get finance information from other finance based writers. Here’s some amazing articles I read this week. Many of them will be from the States, but they’re a great read nonetheless. Credit Card Debt Is For Losers: I tweeted about this and commented too. It’s a great insight into how self-defined “loser” Kathleen […]

Iain Duncan Smith You Muppet!

Iain Duncan Smith You Muppet!

Keep Your Head Down. You Muppet! You would expect this week to be a busy week for the Government and in particular, Iain Duncan Smith, but he’s obviously not from this planet. The Government deliberately launched their new controversial bedroom tax on the 1st April as it’s a bank holiday. As many of us wearily slept in on Monday 1st April, contemplating what to do with our extra day, the Government was implementing new changes which will see millions of people suffer. Oh Mr Duncan Smith, Bravo. Well done Iain! Instead of letting this horrific news be released by the […]