I’ve had a few letters and calls from people with money in the bank and a personal loan, credit card, or mortgage that they are repaying. Their question is ‘should I use my savings to repay my loan, or should I keep my savings and continue to repay my loan every month?’ My answer usually start with two words ‘It…
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Many of us will have an opportunity during lockdown to get rid of some of our debt. Perhaps we have a mortgage or personal loan that we can reduce a bit more quickly because we are not going out and therefore haven’t been spending as much as we normally do. The people able to do this are the ones who…
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July will be with us in a few weeks and that usually means tax bills for many of us. It’s always a scramble to make sure that you have the money to pay the tax due at the end of July, in effect the second payment on account for 2020/21 tax year, and it’s usually important that it is paid…
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For many of us working last home at the moment there are real financial incentives, not least of which is the savings made on travel to and from work and the cost of buying lunch and other bits and pieces when you are there. And for some who work in a city centre area there is always a temptation to…
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