I haven't always had a good credit score, I used to be terrible with money. But for the past 6 months, it has consistently stayed at 999 following a slow increase over the last couple of years. At first I thought it was a mistake because I do have a couple of late payments on my record from 2014 so I updated my details on there, made sure everything was correct and up to date and still it came back with this perfect score. So how did I increase my credit score?
The best way to save money is to simply not spend it. Now that is a whole lot easier said than done I know. Especially if you're not really motivated to make the change in the first place. It took me quite a long time to finally not feel the need to mindlessly spend my money on things that didn't really bring me anything but guilt. So I am going to share with you how I have stopped overspending and started being a lot more sensible with my money.
Hopefully, you already have a budget in place. If you don't, read my blog post How to Create a Budget. This will give you the basics on how to get a budget together so you can start working on your finances.Once you have your budget ready you can then start looking into ways on how you can get some of your outgoings down so that you can put more money into savings or paying off debt.
The first step to understanding your money is to know how much you have. How much you have to spend on your needs such as bills, groceries etc. How much you have to spend on yourself and others and how much you have to save or pay off debt.
Having a budget is the first most important thing to building your relationship with your money.
Paying off debt is a slog but it is so important and often the first step in our financial journeys. Over the last year, I have made a huge dent in paying off my debt. I still have a little way to go but I intend on continuing the flow I have started and want to share with you how I have been getting this down.
Christmas is my favourite time of the year, partly because my birthday is around this time too. As much as I love it though, I do dread the cost that comes with Christmas every year. This year I am going to do my best to save as much money as I can so I don't have to spend January skint. Here are some of the things that I will be doing this year to cut on these costs.
Now that I am reigning in my spending there are now some things that I have found are unnecessary for me to spend my hard earned money on and things I no longer crave to buy like I used to. Now some of these might not suit your lifestyle but even if you take one of these ideas on board you can save yourself some money that you will not miss.
I love going out for meals but it can add up if you go regularly. I always try to save money on going out for food and I have shared below some ways to save some money on your trips to your favourite restaurants.
Since I started being a lot more conscious with my money I have become almost obsessed with my credit score. It is so important to be vigilant with your credit score as it can massively affect your chances of getting a Mortgage or a loan you may need in the future. I have been working on this so hard and here are my tips to see your credit score rocket.