To say that our personal finances are currently facing extreme pressure is perhaps one of the biggest understatements you will read today.
High interest rates are causing intense difficulties for homeowners looking for a manageable mortgage. Indeed, lenders are pulling many deals out of the market amid concern over customers’ ability to meet the skyrocketing payments, leaving them to face a battle to hang on to their homes. Additionally, homeowners and businesses alike are facing ever-increasing energy bills, which are leaving people facing a stark choice of whether to eat or heat this winter.
Add to this general price rises across the board, including for everyday supermarket staples, and you begin to see why a huge proportion of people are concerned about their finances.
However, despite this rocky outlook, it remains essential to stay in control of your finances for the sake of your overall financial wellbeing.
Financial wellbeing is about feeling secure and in control. It’s knowing that you can pay the bills today, can deal with the unexpected, and are on track for a…