![]() You want it to look as impressive as possible. Consider this as your financial CV - something that lenders look at before they let you borrow. It’s free at all the credit reference agencies now Equifax, Experian and TransUnion (previously Callcredit). * You keep an eye on your credit scores and check out ways to improve yours. So, check out the best buys for high street savings accounts and ISAs at comparison websites, such as Moneyfacts and Moneysupermarket. Granted the savings rates are frustratingly low at the moment but nevertheless there are differences depending on the type of account you choose. * Save regularly – that way your money’s earning interest. If you think it's achievable on your current spending and saving regime, think about overpaying your mortgage to clear the balance more quickly. ![]() Put your debts in priority order and decide how you are going to tackle them. If you are, set up a 0% balance transfer card to tackle the debt. Nobody needs to be paying interest on credit cards. The digital-only banks are also on the money when it comes to helping you track spending and budget. ![]() These apps connect to your bank accounts so you can see everything in one place. If you’re not a spreadsheet kind of person, try apps that help you budget such as Moneydashboard and Emma. * Make sure you know how to create a budget. This will determine your next steps - reining in or making good use of that extra money. Subtract your monthly expenses from your income to see whether you have a shortfall or money over. This isn't just salary, it could be money from interest on savings, cash gifts, child benefit, rental income, money made from selling things online, etc. Make time to sit down and do this - nothing on your bank statement should come as a nasty surprise! Add up all your fixed expenses (like household bills, rent or mortgage payments, credit card payments) and how much you are spending on other essentials such as food, petrol, toiletries, pet food, etc. Monthly budgeting and log for your expenses, finances, spending, savings and debt tracker. Check bank statements and receipts to see exactly how much you are spending each month. Check out our budget book selection for the very best in unique or custom, handmade pieces from our calendars & planners shops. So, where does that leave your finances? You may have squirrelled away extra during lockdown and are now in danger of spending more than you realise? It's time to have a post-lockdown financial MOT, make some plans and set a budget to help you achieve them. ![]()
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