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The Savvy Scot

Personal finance and lifestyle blog

Viewing category: Personal Finance

7 Effective Ways to Stretch Your Meal Money

By Pauline

7 Effective Ways to Stretch Your Meal Money

Now that the holidays are behind us many people will be trying to tighten their belts – in more ways than one. Diets will begin as we all try to shed those extra pounds gained by overindulging in rich, decadent foods. At the same time, holiday spending guilt will no doubt force others to slash… Read more

Filed Under: Personal Finance

Items You May Forget To Include In Your Budget

By Pauline

While it may not be a big issue to work it into a budget for some, it could be a major inconvenience for others. Be sure to include these items in your next budget planning session.

You wouldn’t forget to include your rent or car payment in your budget, but chances are you are forgetting one of these items. These irregular payments can often be overlooked. While it may not be a big issue to work it into a budget for some, it could be a major inconvenience for others. Be… Read more

Filed Under: Personal Finance, Saving Money Tagged With: budget, budget tips

Why you need to fix your credit NOW

By Pauline

They say the best time to plant a tree was 20 years ago, and the next best time is now. The same goes for your credit score. I know, it’s annoying, and it can be tedious to look into years of financial data, and find out why your credit score is low. But it is… Read more

Filed Under: Personal Finance

How to Earn (and Save) on a No-Income Budget

By Sara

If you’re out of work right now, you aren’t alone. Millions of Americans have had their lives and livelihoods upended by COVID-19. But just because you don’t have an active income doesn’t mean you can’t benefit from a budget: In fact, it’s even more important to have a financial game plan in place as you… Read more

Filed Under: Personal Finance, Saving Money

Planning for a great financial future

By Pauline

As we have discussed previously around here, planning for your future financially is the best way to succeed. For example, when you set up some saving goals, and have a direct debit on pay day taking that money right out of your current account to place it into savings, you don’t miss the money, and… Read more

Filed Under: Personal Finance

The Deadly Cost of Not Having a Will

By Pauline

Remember that having a will isn't for you. It's for your children and heirs. Without a will, inheritance tax must be paid on the estate if over the threshold. Can you family afford these taxes?

An important part of managing our assets includes creating a will. Death isn’t something we want to think about, but it’s going to happen to us all. Having a will in place helps safeguard our desires upon death.   Keep in mind that certain places may have laws in place regarding those who die without… Read more

Filed Under: Personal Finance Tagged With: will

The Lifetime ISA Explained

By Pauline

On April 6th, the start of the new financial year, a new ISA class was born. The Lifetime ISA, known as the LISA has been launched to help first time buyers and retirees save up for life’s uncertainties. A replacement for the Help-to-Buy ISA, the LISA allows for tax-free returns on deposits up to £4,000…. Read more

Filed Under: Personal Finance Tagged With: lifetime

How You Can Save Money On Healthcare

By Pauline

I don't know about you, but I can think of other things I would rather spend £38 on per week. In order to save on healthcare you must make some changes.

One benefit of living in the UK is the National Health Service, a public health service which provides free healthcare to UK citizens. While this covers the majority of a person’s healthcare needs, according to the Office for National Statistics, the average UK person spends around £2,000 on healthcare every year; a number that is… Read more

Filed Under: Personal Finance, Saving Money Tagged With: healthcare, Save Money

SavvyScot Special: Get £10 Cashback when you switch energy provider

By Pauline

Scroll down for details about our exclusive £10 cashback offer on your next energy switch! Are you paying too much in utilities? When was the last time you did a comparison search to make sure you are on the lowest tariff? Utility companies generally offer a very attractive rate to new customers for the first… Read more

Filed Under: Personal Finance

Tips for Creating and Keeping a Budget on a Single Income

By Pauline

Whether it's a temporary situation, or a long term position, budgeting on a single income can be tricky. Here are some hints and tips to make it easier.

Whether it’s a temporary situation, or a long term position, budgeting on a single income can be tricky. Here are some hints and tips to make it easier. Before you begin, keep a spending log of all purchases and expenses for the previous month. Using this list, sit down with your spouse and discuss the… Read more

Filed Under: Money Making, Personal Finance, Saving Money Tagged With: budgeting, single income

4 tips to reach your money goals + a chance to win £5,000!

By Pauline

We all have goals for our future. No matter whether you want to go back to school, buy a house, travel or get married, goals generally require money. And we all have that one big goal of being financially secure in retirement. How do you make it happen? Here are a few steps to make sure you do.

As a finance blogger who talks about money all the time, I tend to consider that I am pretty good with all things money. But looking back at 2016, I realised that it’s been a decent year, though nothing extraordinary. You know why? I didn’t set goals. I just went with the flow, saved money… Read more

Filed Under: Competitions, Personal Finance Tagged With: money goals

Are Money Market Accounts Safe?

By Pauline

With so many options for investing, how do you find out which one is the best for you? If you are interested in a money market account, continue reading to find out if it is right for you.

You work hard to earn your money and want to keep it safe. With so many options for investing, how do you find out which one is the best for you? If you are interested in a money market account, continue reading to find out if it is right for you.   What is a… Read more

Filed Under: Personal Finance Tagged With: investing, investment, money market

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Disclaimer

Neither The Savvy Scot or any guest writers on this site are finance professionals. All writing on this site is intended for entertainment purposes only. Some posts on this site may be sponsored and will include links to external content. See Terms & Conditions page for further details.

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