10 Tips For Dealing With Debt

10 Tips For Dealing With Debt

Debt is one of the most debilitating social problems and it’s felt worldwide. But, it doesn’t have to be this way – there is always a route to become debt free. I’ve been there myself and on reflection I’ve come up with these ten debt tips for dealing with debt problems. Top 10 Tips For Dealing With Debt Stop The Rot: Accepting there is a debt problem is step 1. You have to pull your head out the sand and face the problem head on to finally get back to a debt free life. Speak to Your Creditors: It’s frightening […]

Breaking Bad: What We Do For Money

Breaking Bad: What We Do For Money

As the penultimate episode of the hit AMC show comes to a climax, I’ve enjoyed the see-saw world Walter White and Jesse Pinkman became embroiled in. Like most people watching the show, I was captivated by the story which unraveled from the very first episode. As we explored further into the rabbit whole it became apparent there would be no easy route out for Walt and Jesse. Not to worry – I won’t be giving away any spoilers, just in case you have not watch the last episode. Instead I’m thinking about the morale and ethical stance the two main […]

Tuesday’s Domino’s Day

Tuesday's Domino's Day

Is there anybody out there who doesn’t love Domino’s pizza? The fluffy base, the delicious toppings and the smell… woohoo! Heaven! But how much do you love Domino’s pizza? Enough to buy £15 worth of pizza’s every Tuesday? That takes dedication by anyone’s standards. Every Tuesday is “Two for Tuesday” at Domino’s – two pizzas for the price of one. Pizza and at a discount, where do I sign up? I Love Domino’s My favourite Domino’s pizza is a Texas BBQ. The sauce is incredible. From the pizza through to the sides and dessert, Domino’s is one of my favourite […]

Bankruptcy, House & Ex-Wife…

Bankruptcy, House & Ex-Wife...

Unaccustomed as I am to gossip, I find myself sharing a story about a friend and his turbulent life. Similar to myself, he entered bankruptcy to deal with his debt problems. Don’t worry as he’s signed a disclaimer giving me permission to share his story. The purpose of sharing my friend’s story isn’t to mock him and his difficult financial position, but to highlight what can happen when things go wrong. It’s also a lesson in picking the right debt solution. We’ve all heard of bankruptcy – it’s internationally known from Monopoly through to the banking industry. It’s also typically […]

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 […]

How To Deal With Wonga?

How To Deal With Wonga?

A 35% increase in pre-tax profits from Wonga tells me two things about the short term payday lender. The first, the company is very persuasive and successful at what they do. The second is that the state of the economy is dire. Wonga made £84.5 million in profits during 2012. A staggering amount of money is being borrowed by UK consumers who can’t make their income last until the end of the month. I read an interesting article claiming we should praise Wonga for their entrepreneurial spirit. In truth, this is an angle I had never considered before. Should we […]

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: […]