Katherine Locke's posts

What Does The New National Living Wage Mean For You

What is the difference between the National Minimum Wage (NMW) and the National Living Wage (NLW)? The main difference is that the NMW is paid to under 25’s, whereas the National Living Wage is the agreed minimum rate paid for over 25’s.

Is Your Overdraft Working for You?

Staying in control of your overdraft can be difficult, especially if you aren’t sure exactly what you are being charged and why. We are here to answer some of your questions about overdrafts. Is it bad to use your overdraft every month? What are overdrafts for? And do overdrafts affect your credit score?

How Much Do Kids Really Cost? Financial Planning For A Family

So, are you thinking about starting a family?  Taking the leap from being childfree to being a parent is a huge decision and finances can play an important part in helping you decide when the time is right for you to start a family.

The No Spend Challenge. How Long Can You Go?

You may have heard of the No Spend Challenge. It received a lot of publicity when personal finance journalist, Michelle McGagh published her book The No Spend Year: How to Spend Less and Live More. Her goal was to pay off a chunk of her large London mortgage and her experiment meant she was able to pay down £22,000

How to Set Long-Term Financial Goals

Long-term financial goals can feel daunting, and it is easy to get distracted by day to day living. Saving for large purchases, such as education, a car or even a house, can feel like an impossible mountain to climb, but we have put together some useful tips and ideas to help you set long-term financial goals and stick to them.

The One Thing You Should Do To Improve Your Finances.

Pete is never sure why his personal finances are in such a muddle. He tries hard to keep his spending under control and pays the minimum amount on his credit card each month without fail. However, his debts seem to be rising, and he feels as though he is running fast and not getting anywhere.

Add To Basket. Spending Out of Control? Here's how to stop it.

We all need a little retail therapy sometimes. A new shirt, shoes, lipstick or bag can perk us up, rejuvenate our wardrobes and refresh our spirits. But what if our spending is getting out of control? What if we are spending more than we can afford on things we don’t need?

Get Fit For Free!

Recent figures show that we are wasting a staggering £558m per year on unused gym memberships. We have all know what it is like. We start with the best of intentions. We really believe that this time we are going to exercise regularly, and what better place to do that than the gym?

Education is Expensive. Is it Worth it?

Education is expensive, and many families struggle to put their kids through university, believing it to be the very best start a parent can give their child. For years, going to university and getting a good degree automatically meant a first-class job and living a better life, but is that still the case today?

What to Look For When Choosing A Savings Account

Savings accounts can be confusing. There are so many to choose from, and what exactly are the differences between them? To stop you getting a headache comparing all the different accounts out there, we have done the hard work for you.

Sending Money Home. How to Do it Right?

With over 250 million migrant workers across the globe, sending a total of $600 Billion to families and friends, it is clear that there is money to be made in charging for remittances services. It is estimated that at least $32 billion of the total has gone on fees and charges.

Tracking What You Spend. The First Step to a Brighter Financial Future

'A fool and his money are soon parted', is a saying that dates back to 16th Century England, and is still true today. Spending money is easy. Too easy. Temptation is everywhere, and we think we will be happy once we have the all the material things we want. But stop for a moment – would you rather have things or financial freedom?

New to Paying Taxes in the UK? Here is what you need to know

Taxes aren’t the sexiest subject on the planet, but if you are new to the UK, you will need to have an overview of how the tax system works and what you need to do to make sure you are on the right side of the law. Fines for non-payment of taxes can be hefty and in the worse cases, can even carry a prison sentence.