money mondays

Money Monday Series

money mondays

Money Monday Series

In September 2018 I ran a Money Monday series supported by charity Stepchange. It is important to realise that debt and money worries impacts you on so many levels. You might lose sleep. Argue with your partner. Feel stressed and hopeless about your financial situation. If I can get myself out of a decade long 35k debt, then you can do it too!

Each week in January I am going to write another feature in this series, launching this Monday. I have covered credit, financial stress and how to manage your debt. Take a look at some of the topics below. Please do leave suggestions in the comments below if you would like to see any topic discussed this year.


How to manage your debt

Living with debt can be stressful. Very stressful indeed. Ever since I went to University I have been in debt. Student loans. Bank loans. Reconsolidation loans. Credit cards. Payday loans. Sometimes the pressure of debt can get a bit too much. So here are some top tips on how to manage debt.

We contacted Stepchange who are the UK’s top debt agency, to offer their guidance on a number of topics to share with you all as part of our ‘Money Mondays’ series.


5 tips on how to cope with financial stress

Living with debt can be stressful. When you are stressed, this can affect your appetite, sleep, working life and also your relationships. Especially if you have started to borrow money from people.  The only thing you can do is to take control of the situation. Create a budget. Look at what debt solution is right for you. The longer you leave it, the more damage you could potentially be doing overtime.

How to manage credit card debt

To reduce your credit card debt as quickly as possible, try to pay off as much as you can afford every month. The bigger your credit card balance, the greater the amount of interest will be added. Try to keep your balance to a minimum. Also bear in mind that if you miss payments, you’ll have extra charges added to your credit card debt as well. Put your repayments on direct debit so not to miss one.

5 ways to survive January on a budget

January is a great time to make resolutions. Start the year afresh. January and September are my favourite times of the year to reflect and make plans for the future. 2017 wasn’t the best of years in many ways, but the one thing it did teach me was to budget. My credit rating went up for the first time in years. Just by saving £25.00 a week, I had managed to save £600 for the New Year when my contract had ended and yet there were loads of bills to pay!

Feedback wanted

Let us know in the comments below what you would like to see covered as part of our January Money Mondays series.