Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Sometimes it’s difficult to juggle your finances. And even if you’re careful, you could wind up paying more than you think. Here are some common mistakes to watch out for…


  1. Bulk grocery purchases at the supermarket

It might seem cheaper at the till, but you could end up paying more down the line if what you’re buying goes to waste. So if you’re unsure, stick to foods that have a longer shelf-life, like tinned goods and pasta. Alternatively, write a list of food/ingredients for the week and stick to it!


  1. Buy One Get One Free (‘BOGOF’) offers

Often used in supermarkets, these types of deals can sometimes tempt you to spend more for things you don’t need. As a general rule of thumb, think, ‘If I won’t use it, am I really saving money?’


  1. Second hand shops

Shopping at places like charity shops and car boots is a great way to bag a bargain, but be careful – you may end up splurging on many items you don’t need because they’re so cheap.If you’re really in a pinch, consider ‘freecycling’ instead, which could help you get what you need for free! http://www.freecycle.net/


  1. Sales, Sales, Sales!

It can be enticing, but try to think whether you’re just shopping for the thrill, or if you actually need the things you’re buying. If not, you’re simply throwing money away on unnecessary items that will just gather dust in your wardrobe!


  1. Going the cheap route

Don’t be fooled by the price tag. For things like furniture, sometimes it’s better to invest in one or two quality items that will last years, instead of several lesser-quality items that will fall apart in a few months. You’ll end up paying more to replace these in the long run. And don’t forget, there are some great deals on really high quality new and second hand items on sites like eBay – ‘Brand new with tags?’ Yes, please!

The cost of holidaying in the UK

The cost of holidaying in the UK

Childcare costs

Childcare costs

Representative example: £480 loan repayable over 9 months. 9 monthly repayments of £106.56. Rate of interest 133.1% p.a. fixed. Representative 535% APR. Total amount payable is £959.04