How can modern women get a grip on their debt?

Uncategorized Mar 02, 2020

Sophie Hayden

3 March 2020

Are you an impulsive buyer? Do you mostly respond to promotional offers sent in your mailbox? These are the tactics of most credit card companies to attract a larger number of customers towards them. If you love swiping your credit cards, you must check this habit as this may lead to financial disaster. The financial troubles are often plaguing most women and are complicating their financial lives like never before. It is a fact acknowledged by all men that women can handle their finances better than men as they have more control over their impulses. Yet, many women are presently mowed down by their ever-increasing debt burden. The crippled economy is casting a spell on most Britons, especially on the women. If you’re a woman who is buried under a huge amount of unsecured credit card debt, you should find out ways to get out of the debt mess.

Don’t avoid creating a budget

It is a fact universally acknowledged that women can manage money...

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Questions to ask a Financial Adviser and how to find one who is right for you?

money advice Feb 26, 2020

Mia Taylor
27 February 2020

You are ready to level up your finances and meet with a Financial Adviser. So how do you go about finding one and what do you need to ask before or during your meeting?

There are a few different ways to find an Adviser, one of the best ways is by recommendation from a friend. If your friends aren’t currently seeing an Adviser then you can try a quick google search or use the find an adviser search option on either the Association of Financial Advisers (AFA) or Financial Planning Association of Australia (FPA) websites.

It’s a good idea to get in contact with a couple of Advisers who are convenient to your work or home and ask if they have time for an initial phone discussion as you are considering an initial appointment.

During your first phone call – just like going on a first date, it can seem a little full on to start firing off questions without first introducing yourself and what has prompted you to...

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Cheap Eats That Won’t Break Your Bank

money savvy Nov 29, 2019

“I think most of my money issues would be solved if I ate the food in my fridge”

Ladies we aren’t talking sad beans on toast, you don’t have to eat simple to eat cheap …. We have your back! Ladies Finance Club UK have done some research and put together some of the tastiest, cheapest recipes that are online at the moment – so you can impress with your cooking, whilst sticking to your budget!

We have found 11 recipes – including options for vegans, vegetarians and gluten-free! The cost is based on 4 servings.

So make sure one of these tasty recipes one evening soon whether you’re having a dinner party, a romantic date, or even a dinner for one – these recipes are designed to be simple & delicious!

Click on each meal name to view the full recipe and cooking instructions!

Egg-fried cauliflower rice with prawn cracker crumbs

Prep: 15 mins
Cook: 10 mins
Cost: £5.50

 

Sweet potato, chickpea & spinach curry

Prep: 20...

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Negotiate Your Salary Like A Badass

budget Nov 29, 2019

The first time I negotiated my salary I was 23, my heart was pounding, I had sweaty hands and I was real nervous…. so nervous that my boss thought I was sick. The anxiety was taking over as I stumbled through my words of why I thought I deserved a pay rise ahhh #goodtimes.  I was worried my boss would think I was being greedy but because I had done my prep work, I got through the meeting and walked away with a 15% increase (self five). There’s nothing worse than working in a job where you feel like you’re not being paid your worth.  So here are 5 quick things you can do before you go in and negotiate your salary:

1. Do your research

Know how much the job is going for in the same (and other industries) by looking on job recruiting sites such as GuardianReed or Indeed . Have conversations with recruiters for other similar jobs to see how much they are going for. This is great evidence for when you go to negotiate with...

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5 Things Every Aussie Living In London Needs To Know About Their Finances

finance Oct 30, 2019

Molly from Ladies Finance Club UK spoke to Managing Director, Brett Evans from Atlas Wealth Management www.atlaswealth.com.au who specialise in expat finance about the 5 things every Australian living in London needs to know about their finance.

1. Super vs pension

2. Do you still need to pay your university debt while in UK

3. Best ways to transfer large sums of money

4. Do you still have to pay tax in Australia if you’re a non resident

5. How property laws effect Aussies in UK

Links Brett mentions

https://www.atlaswealth.com.au/real-fees-aussie-expats-maybe-paying-superannuation/

https://www.atlaswealth.com.au/australian-expat-property-owners-to-feel-pain-from-budget-changes/

https://www.atlaswealth.com.au/overseas-repayments-australian-expats-with-help-hecs-debts/

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5 Awesome Financial Podcasts You Should Subscribe To Now!

Uncategorized Oct 30, 2019

Wanna get money savvy on the run – check out 5 financial podcasts we think you should be listening too right now!

If you’re new to the world of listening to podcasting download the app in your iPhone or Android, search for the below and subscribe.

 
 

1. This is Money – The This is Money Podcast tells you what you need to know about money each week. Although a little more serious – they cover a range of  topics ( not just personal finance) including big money, business, economy and personal finance stories of the week and features editor Simon Lambert, top financial broadcaster Georgie Frost and members of the This is Money team.

 

 

 

2. Pineapple Project -Claire Hooper an Australian comedian on a mission to learn what rich people know, how poor people think, and how you can take control of your money. From how to save smarter, to earning more, and setting yourself up...

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Learning To Make Our Money Work Hard With Miss Lolly

female entrepreneurs Oct 30, 2019

O’Hello there

Tonight we held our very first She’s on the Money event at Blooms London, with the delightful Miss Lolly  (By day Miss Lolly is a financial adviser at a wealth management firm in London. She is also a Chartered Independent Financial Adviser, has an IQ of 148 and is a Fellow of the Personal Finance Society which is the highest qualification a financial adviser)… oh yes and she’s stunning –  yes we are girl crushing too!

 The evening began with Miss Lolly  kicking off with the:

TIP 1: ‘you need to give yourself a pay rise’ – music to our ears!   Suggesting ideas such as:

– Start a side hustle

– Rent out a room

–  Ask for a payrise – noting that the average person goes without a pay-rise for 15 years ( wowzier).

Interesting facts: 

She went on to say how it seems women on the whole tend to have too...

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Checklist Of What You Need To Know When Buying A House In UK

Uncategorized Oct 30, 2019

Here are some key take aways from last week’s She’s on the Money, event Home and Aloan where we looked at the process of buying a home including mortgages, stamp duty, credit score freehold vs leasehold, investing and more:

 We will be adding to this as the week goes on:

Term breakdown

Freehold: You own the property and the land it stands on. Houses are generally freeholds

Leasehold: You own the property but rent the land it is on from a Freeholder (sometimes called a landlord) for a number of years. The leases are usually long term – often 99 years or 125 years but can be as  high as 999 years – but also can be short, such as 40 years. Flats are generally leasehold

Share of Freehold: A ‘share of freehold’ is sold with the leasehold flat – the leasehold interest is retained and is still the most valuable part but you also aquire a separate shared title or ownership in the freehold. Flats are...

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How To Set Financial Goals With She’s On The Money

So I love to set personal goals and career goals however when it comes to financial goals … tumble weed, I just haven’t ever really done this! I don’t know why not it just seems to go over my head. Thinking about retiring and sorting my pension has never  really on my agenda! However I am learning pretty fast that it is VERY important actually life changing.

I sat  down with Belinda White from Fierce Girls Guide to Finance to discuss how to set financial goals, why it is important to understand compound interest, manage money and when you should review the goals.

 

Molly from She’s on the Money speaking with Belinda White.

She’s on the money empowers women to take control of their finances. Shesonthemoney offers courses, workshops and events on educating women in England on investing, pensions, real estate, learning how to budget and other personal finance topics.

 

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Talk Nerdy To Me: Tax Codes (What Do The Letters Mean)

finance Oct 29, 2019

Okay so nearly everyone is entitled to a tax-free personal allowance, which means that you can earn a certain amount each year without being taxed.

This tax year 2018/2019 (if employed) your tax code is likely to be 1150L, it means your allowance is £11,500.

Not sure if yours in correct try out a Tax Calculator.

Tax Brackets

This is for the tax year 6 April 2018 to 5 April 2019.

Band Taxable Income Tax Rate
Personal Allowance Up to £11,850 0%
Basic Rate £11,851 to £46,350 20%
Higher rate £46,351 to £150,000 40%
Additional rate over £150,000 45%

What do the letters mean?

Okay K, L, S what does these letters at the end of our codes mean?  The letters in our tax code refer to our situation and how it affects our Personal Allowance.

W1 or M1 – at the end which stands for W1 (week 1) and M1 (month 1) means you are being emergency taxed and your tax is being calculate on what you are paid in...

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