One of the biggest differences between the wealthy and the not as wealthy is that the wealthy people earn interest and everyone else pays interest. It is important to realise that money is a tool that can help you to achieve your goals. In order for you to reach true financial independence you need to have your money begin to work for you--not you for it. Here are three things you can do to start making your money work for you.
The most important way to change the way you handle your money is to budget. When you are budgeting you are making your money do what you want it to. By assigning each pound to a category you are controlling where your money goes and what it does. This will help you to begin to reach your financial goals.
Do you know how much money you are paying in interest each month? How much of your monthly budget is being eaten up by loans, payments and credit card bills? If you could take all of that money you could save for things that you want. Debt often becomes a burden and limits the choices that you can make. One of the best things you can do with your money is to get out of debt and stay out of debt!
Once you have freed up all that extra money from paying off your debt you need to begin saving. It is important to have an emergency fund set aside to cover unexpected expenses
There will be a point when the money you have will earn more than you do in a month. Additionally saving money can help you be prepared to handle the ups and downs that will happen throughout your life.
A fourth reason to save money is to have fun. You can save up for your tour of Europe or that Caribbean cruise. Additionally you can be saving for fun large items such as a Playstation 3. Your negotiating power is stronger if you have cash in hand on bigger purchases.
St Vincent’s Money Management Team can help you do all of the above – just give us a ring on 0161 772 2120 and let us try
Author - | Added on 26/11/2013
St.Vincent's staff and visitors to our Head Office in Old Trafford have been bringing items for the food bank over the last few months.
St.Vincent's started the food bank because many tenants had made staff aware that they were struggling buying food after paying rent and bills. The food bank was born and was placed in Reception. It quickly filled up with a whole load of goodies from soup to salsa.
In total 15 food parcels have been produced so far and delivered to tenants that were nominated by members of staff. Quite a few boxes went to young tenants in the Manchester Foyer and some of those in the SnugBug scheme.
Only this week a parcel was sent out to a tenant who had had their Gas cut off in their property by the Gas Company in error. A request had been put in for a food parcel by the Neighbourhood Officer as she could not use use her cooker. Staff put a parcel together for her with items she could use without the use of a cooker, and the tenant was very grateful for this.
So far the idea has been a great success and the collecting will be ongoing as every little helps.
Author - Simon Lord | Added on 08/11/2013
Author - | Added on 07/11/2013
Residents at Vincent Court and volunteers at the UCAN Centre held an afternoon tea yesterday, meeting with other members of the community to discuss their experience of the recent craft sessions they have been attending.
Residents have been working with professional crafter, Cheryl Beswick over the past 10 weeks, knitting and sewing beautiful handmade pieces as part of the ‘Make Do and Mend’ project.
The project has been so successful in inspiring the local community that Cheryl will be doing another course working with residents at Swithun Wells Court after Christmas!
Pictured: Cheryl gives some crafting tips to Residents at Swithun Wells Court
Author - Ruth Coglan | Added on 06/11/2013
Turn your thermostat down
Reducing your room temp by 1 degree C could cut your heating bill by up to 10%
If you have a timer set your heating and hot water to come on when you need it
Fit thermal reflectors behind your radiators
Control radiator temperatures individually if they have thermostatic valves
Use water wisely
If you have a water cylinder turn it to 60 degrees C to kill all harmful bacteria yet heat your water
Use a lower temperature setting for the washing machine dishwasher and shower
Don’t overfill the kettle
Turn off all electronic equipment that is on stand by
Do not leave mobiles and mobile phones on charge unnecessarily
Defrost freezer regularly
When buying new choose A or A+ rated equipment which uses less energy
Switch to low energy or LED lightbulbs
Turn off lights you don’t need but make sure you have enough lighting on stairs and hallway
Close curtains as soon as it starts going dark to keep the heat in
Monitor your energy use
A home energy monitor will tell you how much electricity your using and what it costs
Author - | Added on 21/10/2013
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