My Financial Broker is a credit broker and not a lender. Warning: Late repayments can cause you serious money problems. For help, go to https://www.moneyhelper.org.uk/
With the economic gloom showing no sign of lifting, stretching the average income to afford even the essentials is a continual challenge. To pay your way, applying for a loan is one answer, but it’s always worth looking at ways to pep up your finances without increasing your debts. So we’ve put together five ways to help improve your financial health.
The internet offers far more competitive prices than high street shops, due to lower overheads. Always use a price comparison checker before buying anything, and check for voucher and money off codes before buying anything.
Setting a strict budget is an obvious step, but to stick to it start paying for everything in cash. This will both help you track your spending, and discourage you from spending too much.
If you have good credit, consider transferring an existing credit card debt to a 0% card to save money on interest. For other types of bad credit debt, consider a loan with a lower APR rate than your existing rate, for paying off expensive payday loan debts for example.
As energy bills climb ever higher, turning the thermostat down by just 1ºC you can cut heating costs by 10%.
Benefits are there for people with genuine need, so check your entitlement if you are really struggling. Tax credits can top up a low wage, and housing benefit may help with rent costs.