According to a recent survey by Scottish Friendly UK disposable incomes on the rise, which can only be a good things after such a period of recession. (You can find Scottish Friendly on twitter) We were listening to the news on the radio whilst in the car at the weekend, when Mini asked “what is a recession?” This got me thinking that money really has a terminology and language of all it own and it is my responsibility as a parent to teach this to the boys and to make sure that they are money smart, but how do you do that?
Today’s world is a scary one where finances are concerned. As parents, you don’t need a news report to tell you that the cost of living is increasing or that energy prices have risen once again. The bills on your counter have already told you. The latest reports from the world of news tell us that two in five would have to borrow to pay off an unexpected £200 bill due to poor savings figures and it’s hardly surprising given the state of things at present. The problem is that money management isn’t a strong point for everyone and some of us simply lack the knowledge to know what to do more »
I have freely admitted that we have had to borrow money in the past and that using credit cards to pay the mortgage quickly spiraled and things could have got very messy, very fast. Vanquis are well aware that people do get into trouble and have set up a site to help with all those questions you might have and to give you practical debt advice and resources.
I know that it can be far too easy to bury your head in the sand and feel as though there is no where to go and nothing you can do, but actually taking control of your finances is incredibly empowering and can help you feel more in control of a difficult situation.
I know how hard it can be to manage money and finances in the current financial climate and talk a lot about saving money on my other blog A Thrifty Mum. But we really want to hear from you and I hope that together we can share some brilliant top tips that will help us all. Even though I often write about family money saving and management I still have a lot to learn and I love getting new tips and ideas.
So why not join me and Vanquis for a money management twitter party on Wednesday 5 June at 7.30pm with you top tips for money management.