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Personal Finance

Why you should have an emergency savings fund

Most people do not have enough funds set aside for emergencies. If something happens to their vehicle, health, or home it’s usually the case that borrowing needs to occur for said costs to be covered. This isn’t the correct way to go about it. I’m going to go into why it’s important we have an emergency savings fund at the ready for tough times.

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Personal Finance

Interest cuts should force you to consider investing

Are you regularly depositing money into a savings account? You may want to consider alternative methods to accumulating wealth in a pot, like investing. Interest rates are low right now with the Bank of England base rate at just 0.1%, making it difficult to spot savings accounts with mediocre interest rates, let alone anything substantial. Investing can provide an average of 5% if done sensibly.

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Personal Finance

How to get your debt under control

Debt isn’t fun. No one wants to owe money to anyone, but more people today find themselves parting with large sums of their monthly paycheck to clear debts. Looking at how much money you owe may appear daunting, especially if it won’t be cleared until a few years, but there’s an easy method to get a grip on debt.