Managing your finances isn’t always easy. Sometimes it’s useful to pay for help – whether it’s simply to get some advice or take over certain financially complex tasks. Below are just a few instances when almost everyone can benefit from hiring a professional for help with your finances. When you need help doing your taxes If you have any type of self-employed income, it’s up to you to work out exactly how much tax you owe on this income. Some startups and side hustles can be financially complex. Just how much are you truly allowed to claim on expenses? And…
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Many of us are familiar with the scenario of savings account balances dwindling. Living costs have risen sharply and it’s increasingly difficult to get from one payday to the next, let alone put money aside. If your disposable income has dropped and your savings are running out, here are some steps you can take today to improve your financial situation. Take Stock of Your Finances The best place to start when reviewing your finances is to take stock of your situation. Check all your account balances, note down outstanding debts and details of repayment plans and installments, and calculate how…
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As much as you might think that kids don’t cost that much in life, it’s quite the opposite. The average cost for a child over the eighteen years or so they’re in your care is a whopping £166,000. That’s not pocket money for most people, and therefore, how you manage your finances is important to ensure you don’t go bust. With that in mind, here are some helpful tips to manage your finances with kids so that you’re making conscious decisions with your finances that won’t break the bank – too much. Set yourself up with an efficient budget spreadsheet First…
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We’ve all been there. You glance at your savings account, and it hits you — it’s just not enough to cover that emergency expense or that dream purchase you’ve been waiting years to make. It might be a health emergency, an urgent home fix, or a well-deserved vacation, but sometimes your savings aren’t enough, and you can feel the panic creeping in. In this piece, we’ll cover several strategies that can help you get back on your feet when your savings are dwindling. From better financial planning to making small but impactful spending adjustments, let’s cover tangible tips that can…
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Home remodeling projects can transform your living space and increase the value of your property. However, they can also become financial headaches if not planned properly. Unexpected expenses are common, but with a solid budgeting strategy, you can minimize surprises and keep your project on track. Here’s a comprehensive guide to help you budget for your home remodeling project effectively. Start with a Clear Vision Before diving into numbers for a budget, determine exactly what you want from your remodeling project. Whether you’re planning a full home renovation or focused on a specific area like a Utah kitchen remodeling project,…