The cost of living in the UK has been on a steep incline since early 2021. In April 2022, the CPI (Consumer Prices Index) Inflation rate was measured 9.0% higher than a year before. This is the highest in decades.
source: commonslibrary.parlimaent.uk
If you have credit card debt, paying off these debts as soon as possible will save you from paying hefty interest rates.
Starting to make a monthly budget while you are paying off debt is an important part of the mindset shift.
Chloe | It's Not your 9 to 5
Aim to contribute 15-20% of your monthly income to a pension, which can be in the form of a private pension, a company pension, or an investment ISA.
Try to reduce the number of times your family eats out per month, you will be amazed at how much you can save.
When it comes to food shopping, having a weekly meal plan is the key to saving big.When it comes to food shopping, having a weekly meal plan is the key to saving big.
Chloe | It's Not your 9 to 5