Imagine you have bills that you need to pay regularly – like your phone bill, your gym membership, or your internet. It can be a hassle to remember to pay them all on time, every single month. That’s where a Direct Debit comes in! It’s a really handy way to set up automatic payments from…

Ever wondered where to put your money once you’ve set it aside? That’s where a savings account comes in. Think of it like a special safe for your money, usually at a bank or building society, where your cash is kept separate from your everyday spending money. The best bit? It often earns a little…

Ever heard someone talk about getting paid just for owning a bit of a company? It might sound like magic, but it’s a real thing called dividends. Think of it like this: when a company makes a profit, they can choose to reinvest that money back into the business or they can share some of…

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…

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:…

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…