Trying to improve your financial situation? It could be worth listening to those who are good with money and follow their monthly money habits.⭐Read now⭐
If you are trying to improve your financial situation, it could be worth listening to those who are good with money and starting to follow some of their monthly money habits.
Here are five things that those who are good with money do every month to help you overhaul your finances, stop overspending and increase saving.
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Loan Term
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10 years
4.8/5
Representative APR
22.9%
Minimum Age
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Representative Example If you borrow £20000 over 72 months, your representative APR will be 22.90% APR. Your monthly repayments will be £488.36 and the total amount repayable will be £35,161.92.
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UK Credit
Loan Amount
£4000 -
£20000
Loan Term
1 -
10 years
Representative APR
22.9%
Minimum Age
21 Years
Minimum Income
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Representative Example If you borrow £20000 over 72 months, your representative APR will be 22.90% APR. Your monthly repayments will be £488.36 and the total amount repayable will be £35,161.92.
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Representative Example: Loan Amount: £30,000.00, Loan Term: 120 Months, Interest Rate: 20.98% PA (variable), Monthly Repayments: £633.03, Total Amount Repayable: £75,963.60. This example includes a Product fee of £3,000.00 (10% of the loan amount) and a Lending fee of £675.00.
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Representative Example: Loan Amount: £30,000.00, Loan Term: 120 Months, Interest Rate: 20.98% PA (variable), Monthly Repayments: £633.03, Total Amount Repayable: £75,963.60. This example includes a Product fee of £3,000.00 (10% of the loan amount) and a Lending fee of £675.00.
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47.80%
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Representative example: If you borrow £3000 over 36 months at a Representative rate of 47.8% APR and an annual interest rate of 39.7%, you would pay 12 monthly installments of £143.84. The total charge for credit will be £2178.24 and the total amount payable will be £5178.24.
4.4/5
1Plus1 Guarantor Loans
Loan Amount
£1000 -
£10000
Loan Term
1 -
5 years
Representative APR
47.80%
Minimum Age
18 years
Minimum Income
Not mentioned
Representative example: If you borrow £3000 over 36 months at a Representative rate of 47.8% APR and an annual interest rate of 39.7%, you would pay 12 monthly installments of £143.84. The total charge for credit will be £2178.24 and the total amount payable will be £5178.24.
1. Pay bills on time
It might seem like common sense, but paying your bills on time is a monthly money habit we should all stick to. Late payments not only result in additional fees and charges, but they also harm credit scores, so it’s imperative you ensure that all bills are paid before they are due each month.
2. Create a monthly budget
A monthly budget is a great way to keep a handle on personal finances and ensure that you don’t overspend. Those with a good credit history have said that creating a budget for essential household expenses such as bills, groceries and the costs of running the family car allow them to set aside money for family days out without going into the red.
3. Make savings a priority
Anyone who is good with money usually sets aside a certain amount each month to put into a savings account. Regardless of the amount you can afford to save, if you’re hoping to improve your financial health this year you should try to make saving a priority. Those few extra pounds saved each month soon start to add up.
4. Keep a healthy credit history
Keeping an eye on your credit score is key to becoming better with money, and you’ll find several free credit score websites that can help you keep track of your financial health. Knowing where you need to improve to increase your credit score is a great first step to becoming better with money, so it’s a good place to start if this is one of your financial goals.
5. Shop around
You’ll find that the people who are best with money always shop around to make their finances go further. From finding the best price on home insurance and shopping around for the best broadband deals to find the lowest rates on personal loans, we should all take the time to research where we can save money for the things we need so that we can improve our financial health.
