Category: Money Basics: Budgeting, Debt & More

  • What is Inflation?

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    You might have heard people talking about ‘inflation’. But what does it really mean for you? Inflation means things slowly getting more expensive over time. Let’s take a look at how inflation affects your money and what you can do about it. The Money Part: Understanding Inflation Inflation is when the prices of things go…

  • What is a Bank Statement?

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    Ever feel like your money just vanishes? You know you’ve been paid, but where did it all go? Your bank statement can be like a map, showing you exactly where your money’s been. Let’s have a look and see what we can learn. The Money Part: What Your Bank Statement Shows You Your bank statement…

  • What is an Overdraft?

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    Picture this: it’s a Tuesday, just a few days before payday, and suddenly the washing machine decides to give up the ghost. You’re left with a pile of dirty clothes and a sinking feeling in your stomach. We’ve all been there, haven’t we? Those unexpected moments when you need a bit of cash to bridge…

  • What is Debt?

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    Debt. It’s a word that can make anyone feel a bit uneasy. But it’s a part of life for many of us. Knowing how to manage it can make a big difference. Think of debt like a path – sometimes you need to take it, but you want to make sure you know where it’s…

  • How do payslips work?

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    Ever stared at your payslip, wondering what those letters and numbers mean next to the ‘Tax Code’? It’s a bit like a secret language, isn’t it? But understanding your tax code is more than just deciphering a puzzle. It’s about making sure you’re paying the right amount of tax. Imagine you’re baking a cake, and…

  • What are Bills?

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    Bills arrive every month, like clockwork. Rent, electricity, phone – it can feel like a lot to keep track of. But knowing how to manage them can make things much easier. The Money Part: What Bills Are and Why They Matter Bills are payments for the things you use regularly. They’re the costs of everyday…