Stuck in a Ruck
Last month RFU gave out full time contracts to women’s rugby players finally making women’s rugby fully professional.
This follows the footsteps of other countries who have already made the move, the Netherlands were the first country to award contracts to their women’s sevens players back in 2011.
Congratulations to all the females who have been in negotiations to sign contracts over the last month hopefully women’s sports will continue to get the recognition it deserves.
This month we have been putting together top tips on saving money as the chill in the air has us thinking about the merry time in December, are there areas you could save money to help you this year?
Cash back apps
You can now get cash back on your online purchases, when you are spending on insurance or food shopping you could be earning a cashback amount. Some sites have a charge so watch out but apps like TopCashback are completely free to the user. Have a look!
Switch to a bank with lower charges
Does your bank have high daily charges for the use of an overdraft or even an unarranged overdraft, do you find yourself getting fees on unpaid direct debits or missed payments? There are other options, shop around a little. A lot of accounts will even offer you a reward for switching so have a look today!
Make sure you are on the best tariff for your bills
Did you catch the recent episode of Dragons Den that featured an online business that will shop around for your cheapest energy tariff for you, for free! The website is called ‘Look after my bills’ and claims to save users an average of £253 per year!
Make sure you have the best deal, its always good to shop around at the end of a contract. Leaving yourself on a rolling contract could mean you are paying more.
Has your phone contract come to an end but you do not need a new phone? Look at sim only deals or what about your TV package, could you get away with a cheaper package? Have a think about what you are actually using.
Complete an income and expenditure form
Write down all of your income and all of your outgoings, use your banking app to assist you so you have the correct figures, this way you will know how much disposable income you have on a monthly basis.
Write a shopping list
Plan your meals and write a shopping list ahead of your shopping trip and more importantly stick to it, you will find you have lower food waste and you will save money by not buying lots of things you ‘fancy’ rather than practical meals. Also think about where you are shopping, Aldi has been named Britain’s cheapest supermarket could you make the switch? Try swapping a couple of your branded items for the cheaper option, you will soon find (with the exception of baked beans, you can always tell!) most branded foods taste the same as the value range.
Have a separate savings account
Plan a certain amount of money to put away each month and transfer it straight into savings account which has a higher interest rate than the bank account.
Seek debt advice
If most or even all of your disposable income is being spent on credit repayments or you are only repaying the minimum payments on a credit cards and you find the balance is not reducing at a rate you can notice then seek free advice, is there a debt solution that would be beneficial for you? Could you free up some of your disposable income each month?
Check your eligibility for benefits
It is estimated that four million people missed out on benefits that they were entitled to. If you are finding money is tight at the end of the month could you be missing out on assistance? There are online calculators you can complete to help you such as www.entitledto.co.uk.
Cheaper prescriptions and medicines
Buying the value version of medicines are often the exact same. It was recently reported by Money Saving Expert that some over the counter cold and flu medicines are being sold at three times the price of identical tablets with different packaging. How often do you need to buy paracetamol or the children’s version? Cut costs by buying the same product in the cheaper packaging. Don’t buy into the brands!
Do you have any hints or tips you swear by? Get in touch to let us in on the secrets CIC@debtconsultancyservice.co.uk
Celebrities Going Bankrupt
People often have a stigma around being in debt, we see some celebrities that are earning a lot of money falling into debt which makes us wonder how easy it is?
There are several debt solutions that are available to anyone, it’s just about finding the correct one for you, its always advised that you seek debt advice before picking the solution that is best for you. Even celebrities who are earning millions find themselves in debt situations like the below who have all been declared bankrupt:
- Mike Tyson is one of the many celebrities that have gone Bankrupt, earning a reported $30 million per fight at the peak of his career. Tyson still found himself to be in financial difficulty.
- Joe Swash – Joe was a winner on I’m A Celebrity… Get Me Out of Here, before it all came crashing down. The former Eastenders star won the 2008 series of the ITV reality show but a year later he was declared bankrupt after failing to pay the remaining £20,000 of a £120,000 tax bill.
- Chris Eubank – The boxer is undoubtedly one of Britain’s finest boxers having been world champion for over five years, Eubank made £10 million from his career in the ring but continued to live a life of luxury post-retirement and was declared bankrupt in 1995.
Have your say
If you would like to be featured in next month’s newsletter or would like to discuss anything in this newsletter, contact us on: CIC@debtconsultancyservice.co.uk or tweet us @ServiceDebtCIC