Payday Mugging

Payday Mugging

Payday Mugging No one wants to be the victim of a mugging. We’re all shocked when something like this happens in our neighbourhood. There is outrage on the news, and column inches written in the press. My last post about how taking out a short term payday loan can have a long term negative impact on your credit rating made me realise that payday loans are nothing but a legalised financial payday mugging. So rather than being a payday mug – I think it’s right that this post should be about the alternatives to taking out a payday loan. Reading about students using payday loans to buy concert tickets, without realising the damage they are doing to their long term financial prospects, … [Read more...]

A Zero Day – On The Road To Frugality

A Zero Day - On The Road To Frugality Yesterday I recorded my first ever zero day. I've decided that a zero day - is one where I don't spend a penny (well a financial penny). Hopefully, this will be the first of many in my new regime of frugality. I took a packed lunch to work - saving the £3 I usually spend at the office café. And I also cycled to work for a change, therefore saving money on fuel. I usually buy my lunch from the office café, or from the local branch of subway - spending £3 or £4 a day which can add up to nearly £20 a week or £86 a month (£20 x 4.3333 weeks in a month) A really big saver is cycling to work instead of driving. I only live 3 miles away from my … [Read more...]