Category: Money Basics: Budgeting, Debt & More
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What is a Recession?
Ever heard the word ‘recession’ and felt a bit of a shiver? It’s a term that gets thrown around in the news and it can sound a bit scary. But what does it actually mean? Think of it like a temporary dip in the overall health of the economy. A bit like a cold that…
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What is an Individual Voluntary Arrangement (IVA)?
If you’re struggling with debt, and it feels like it’s getting on top of you, an Individual Voluntary Arrangement (IVA) might be an option to consider. It’s a more serious step than a Debt Management Plan (DMP). It’s a more formal agreement to repay debt in a way that you can manage. The Money Part:…
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What is a Debt Management Plan?
We all know that debt can feel like a burden that’s hard to shake off. If you’re finding it tough to keep up with your repayments, a Debt Management Plan (DMP) might be something to think about. It’s a way to get a grip on your debts and start moving towards a debt-free future. The…
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What is Pound Cost Averaging?
You want to get started with investing. Maybe you’ve already put a bit of money aside. But then you look at the stock market and it all seems a bit… well, daunting. Like trying to predict if it’ll rain on your summer holiday – impossible! It’s easy to get caught up in trying to time…
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What is a Joint Bank Account?
Sharing your life with someone is a wonderful thing. But, when it comes to money, things can get a bit tricky. We’ve all heard stories, haven’t we? About disagreements over bills and spending. It can feel a bit like trying to dance with someone when you’re both moving to different tunes. But what if there…
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What is a Stocks and Shares ISA?
We all want our money to grow, right? But sometimes, just saving in a bank account doesn’t seem to do much. It’s a bit like planting seeds in good soil. You hope they’ll grow into something bigger. That’s what a Stocks and Shares Individual Savings Account (ISA) is like. It’s a way to invest your…