January 5 heralds the start of our post-Christmas battle plan Our money saving tips for the New Year First of all check what you owe on credit cards, overdrafts, personal loans, mortgage or rent arrears, gas and electricity bills, council tax arrears and compare with what your borrowings were a year ago. Nationally we’re getting further into debt so the chances are your personal borrowing will also look a little podgier than it did a year ago. Borrowing is a bit like how much you weigh… If you don’t keep an eye on things it tends to creep up year […]
Tag: money management
Dear Mr.Osborne – just a couple of budget pointers
Dear Mr.Osborne, or may we call you George? We’re sure you’re up to your eyeballs giving your budget speech a few final tweaks before tomorrow and passing a duster over your red briefcase. But we just wanted to send this short note your way. (Please return the carrier pigeon. His name is Stallone and he likes Byron burger crumbs, by the way.) While changes to tobacco and booze taxes will grab headlines (if you change them), we’re more interested in how you deliver what you have to say and who you really want to pay attention. The fact is that […]
Credit card repayments seem to be down? It’s all an illusion…
February has arrived and the bleakest financial month (January) is behind us. But we still need to be very careful when using and paying off on credit card. The payments required by the card company may appear to be getting smaller even though our spending has not. This is because card companies have been sneakily reducing the minimum amount they require customers to pay each month. The minimum credit card repayment used to average 2.15% of the amount outstanding. This now they are down to 1.53%, according to figures from the TotallyMoney comparison website. This is not good news. While […]
House of credit cards can cost you dear
It is not only high balances on credit cards that can cost us dear. Even organised money fighters can get caught out by transactions made using their ‘stand-by’ credit card if they don’t follow a few rules… A second card is a good idea. There are always occasions when your first card can’t be used. It isn’t just that you might have maxed it out – see the example below. Money fighters always have a back up plan. But while the direct debit (DD) for our usual card choice is paid as normal the other card payment can so easily […]
Why we’re publishing on January 20, 2014
January 20 is Black Monday – the most depressing day of the year. This year it is probably gloomier than ever but we aim to change that. S0, even though… the Christmas bills have come home to roost gas and electricity costs have gone up and inflation is staying stubbornly higher than pay rises in fact family income is estimated to be £1,200 a year lower than it was five years ago, help is at hand. Money Fight Club will help you to get your finances fit, to see off the bullies that rip you off and to make you […]