Most of us are aware of how important it is to look after our health by doing a few basic things like getting enough exercise and eating properly. But how many of us look after our finances in the same way?
The majority of people who find themselves in financial difficulty do so because of unexpected circumstances like being made redundant, reduced income or unexpected expenses.
Below are four ways that may help you to manage your finances.
Your credit rating is very important when it comes to getting loans, or even a mobile phone contract. It's worth checking with the credit reference agencies to make sure they have the right information and to know what your credit history says.
Missed payments and defaults on your credit file could make it hard for you to get any form of credit, even a mobile phone contract. It is important that all of the information is up to date, or if there is an error, you begin the process of correcting it.
Organisations such as Money Dashboard have developed helpful tools which allow you to see where your money goes. Some of these are connected to charities, while some are linked to other companies, but they may be able to help you understand your spending habits.