In 2017, the average cost of a wedding was… You’re reading the blog post How much does a wedding cost and how can you pay for it? that was written by and first published on Getting Loans and Credit & Managing Money.
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Home improvement is a goal for many of us. Whether it’s essential repairs, or something altogether more creative, there always seems to be something worth changing or fixing up. Home improvements cost money – however, the value that they can add to a property often more than justifies the initial expense. If you’re planning to improve the property you live in, and you don’t have great wealth with which to do it, how are you going to pay for it? Funding home improvements Repainting a room (£0 £500) Depending on the size of the room this is a job that could very easily be taken on by a homeowner – i.e. with no cost incurred at all. However, if you’re very busy or not that keen to pick up a paintbrush then it can be done for a couple of hundred pounds. How do you pay for it? In terms of financing this minor home improvement savings, a credit card or a payday loan are all small, simple sources of cash. Fitting double glazing (£2,000 £5,500) Double-glazing is the kind of ho
While even getting on the property ladder is a tough task for younger generations, many over 50s are already living mortgage free. Property is considered the wisest of investments. In fact, according to a report by Consumer Intelligence, one in three people has given up on a pension to fund retirement, relying on investing in property instead. However, the most pressing question for many property owners is what happens if you need to access some of the cash you’ve poured into bricks and mortar. How can you turn that investment liquid without selling? This is where equity release comes in. “I’d like to make improvements to my home but I don’t have the disposable income.” “My property requires repairs or upgrades but I’m not sure how to pay for it.” “I’d like to be able to give my son a contribution to a deposit for a flat but I don’t have much in the way of savings.” “I’ve worked hard to pay off my mortgage but now don’t have much cash with which to enjoy
Sickness can be costly if you work for yourself then days lost to being ill can seriously affect your income. And if you’re employed, accessing your sick day allowance can be confusing and you may feel pressure not to take it. Britons were absent from work for an average of 4.3 days in 2016 and roughly 137 million working days were lost to illness and injury. Coughs and colds, as well as musculoskeletal problems accounted for the largest numbers of sick days taken. Whether serious or minor, illness is a part of life for all of us it’s better to be prepared and aware of any rights and entitlements you have than without a plan. Sick pay when you’re employed If you work for someone else then you’re likely to be better covered for sick days than working for yourself. Most employers have their own internal sick pay scheme, which provides the workforce with a set number of days of cover per year. Even if an employer doesn’t have a company sick pay scheme, they are still required t
Statistically, we’re all likely to face at least one unexpected expense per year. Domestic emergencies definitely fall into that category and, depending on the incident, can be very costly. Whether you have burst pipes, a break in, an car breakdown or the boiler finally gives up the ghost, the amounts of money involved can be very intimidating. So, what do you do if you need to cover the cost of a shortfall created by an emergency like this? Savings You might be saving for a trip around the world but, if a domestic emergency arises, that’s the first place to turn for funding. Most money saving experts estimate that around 20% of monthly income should be put into a savings account. This will help you move towards life goals and also provide some buffer if things go wrong. However, statistics tell us that 16 million people in the UK don’t have savings of more than £100. So, if you haven’t yet managed to start putting the cash aside, you’re not alone. Credit cards Depending on