Fast food dates back to the 1950s when the good old US of A popularised the hamburger and helped to create a whole industry around food that is essentially available over the counter in a matter of minutes. Today, we include the usual hamburger chains in the definition of fast food, as well as a whole range of takeaways and drive thrus that provide us with everything from tacos, to curry, to pizza. There has been no shortage of reports on how little nutrition fast food contains and yet we still buy it. In fact, we buy it in record amounts. Brits spend more than £30 billion a year Over the past couple of years various surveys have revealed just how much Brits spend on a fast food habit. According to a 2014 survey by VoucherCodes.co.uk we are spending more than £30 billion a year on fast food and takeaways. For many people that’s a significant proportion of their food budget. In fact, some estimates indicate that some of us are spending around a third of our food budgets on fast f
Being financially better off requires a combination of two main factors: being able to earn money and the ability to manage spending. Even though you may feel like you have great control over your finances, there are still plenty of spending traps that can result in you having less in the bank at the end of the month than there should be. Kick start your finances this summer by ensuring you’re avoiding these Top 10 ways you are wasting money. Bottled water If you sit down and think about how much sense it makes to pay for something that comes out of the tap it’s just a bit bizarre. Yes, many bottled water brands claim health benefits and you may prefer the taste but the extortionate cost can be a real waste of money. Try a filter jug instead of paying by the bottle or invest in a water filtration bottle which you can carry around just like bottled water but which you fill from the tap. Branded products It’s no secret that supermarkets hike up the prices of certain branded produc
Wedding budgets can be a significant source of angst between engaged couples, particularly if there isn t much to work with. As soon as you add the word ‘wedding’ to cakes, cars, dresses and venues the bill doubles or triples and this can make it seem almost impossible to get the big day that you want without massively overspending. However, if your budget is tight then this doesn t mean you can’t have a dream wedding. While ‘all you need is love’ might not quite be enough if you ve got wedding guests to feed and impress, you can still make the most of your big day and keep costs down. Avoid the peak times Everyone wants to get married on a Saturday and that’s why it tends to be the most expensive day for anything that you need to book. You can save anything from 15% to 60% by opting for a non-traditional wedding day, such as a Wednesday or a Sunday. Arrange everything for the afternoon and evening then your guests only need to take an afternoon off work, at most. It also
Hundreds of thousands are people in the UK are regularly turned down for credit – be that a loan, a mortgage, a credit card or a mobile phone contract. There will have been individual circumstances for those rejections but there are a number of other reasons that credit is declined which are common to all lending decisions. You can identify these reasons when you apply for your credit file from one of the three main UK credit reference agencies – Experian, Equifax and CallCredit. Your credit file is divided into four sections: the bits that confirm your identity your record of borrowing and paying back credit the public records that are held on you any credit searches that have been made when you have applied for borrowing. So, here is what to look out for when you look at each of these four sections. First you can check that it is correct and, second, interpret whether this information is likely to help or hinder your ability to successfully apply for credit: Electoral roll. A
Financial enslavement is corrosive and toxic. Left too long, it will not only lead you into serious monetary difficulty but it will erode your personal life, disrupt or destroy relationships and have serious effects on your health Avoiding this enslavement – where you have to earn more and more just to maintain your commitments and keep on repaying debts relies upon being able to live within your means, putting money aside for a rainy day and your retirement and responsible use of credit. All three of these are predicated upon setting a household budget and sticking to it. But, despite this being a relatively simple task, it seems to be something that many Britons prefer not to do: recent surveys have indicated that fewer than three in 10 people in the UK keep track of all their income and expenditure! But having a home budget will help you achieve your life goals as well as ridding yourself of the burden or debt, saving for a house or putting money to one side for a pension. And he
Saving money isn t particularly rock n roll. It’s not something that advertisers have traditionally used to motivate consumers to buy products and it’s not going to give you great (or more) hair or lots of friends. However, it’s slowly dawning on most of us that being good at saving money is one skill that opens doors to a better life, from being able to live within your means, to buying property or making investments. But why are some people better at it than others? Perhaps the rest of us can learn from them. Their parents saved money Often, good savers come from generations of good savers. Perhaps one of the first things a grandparent did for them was to open a Post Office savings account or give them a money box. Maybe their mum was very good at budgeting or their dad knew how to make the home finances stretch. We absorb such a vast amount of information during our childhoods that being good with money is often a learned skill acquired from others who set an example. They go
All of us get into a financial pinch sometimes. You might be facing a similar situation after a car has broken down, you ve got an unforeseen domestic emergency like a broken boiler or you might simply have had a large number of unexpected expenses leaving you struggling to make it through to the next pay day. Whatever the reason, being short of cash is no joke and can make you anxious and irritable. Thankfully, there are plenty of ways to borrow relatively small amounts of money at short notice even if you have had credit problems in the past. Small loans A host of lenders now offer small loans to people, even to those who have made financial mistakes in the past. Most of these loans are unsecured, meaning that you won’t have to put up a property as security, and are available for any amount between £250 and £500. The downside to these personal small loans is that most of them come with high interest rates meaning that you could end up repaying the same amount again in interest.