Money, My Daily Bread

There is simply no escaping it; money really does make the world go round. And as most people interact with money every single day, it makes sense to get to grips with the basics – where your money is coming from (wages , benefits, job perks), where it is going (tax, national insurance , pension) and how to manage it.

Finance – It’s Personal

Understandably, many of us can find elements of day-to-day finances overwhelming, such as grasping all the facts and figures on a payslip or effectively managing a bank account. If we never actually see the money or have to deal with it ourselves then we may feel we don’t really need to know what happens behind the scenes.  For example, when our National Insurance contributions and tax is taken off and given to the taxman by our employer before we receive our pay – ignorance is bliss right?  Well, actually no. In this case ignorance could be costing you a lot of money.

That’s why we want to give you a rundown of some of the key things that are likely to affect your everyday personal finances. For instance:

  • Your working life, understanding your payslip,  tax, National Insurance contributions, your pension and the perks of the job.
  • Your bank  – what banks and building societies can offer to help deal with your money on a day-to-day basis.
  • Your benefits  – whether you are receiving the right support and help; and to get you ready for Universal Credit.

With very little effort, you can make sure that you are up to speed both on what you are entitled to and what you owe the government. You never know – free gym membership or a tax refund could be coming your way. It pays to find out!