I’ve just opened a help to save account. Can save £50 a month, and the gov will give me £25. I’m just planning on the £50 a month in the bank, and my challanges when I can. If you’re in receipt of UC and certain benefits you open it on the gov gateway account x
@TheBudgetMumUK
11 ай бұрын
That’s brilliant! They’re a great thing if you can get one - won’t find a better interest rate! 😃
@donnabrennan456
11 ай бұрын
Great advice as always Sam. Thank you xx
@Nanatracie
11 ай бұрын
Could you explain this please I've never heard of it thanks
@Moon52171
11 ай бұрын
I just tried as I'm on Uc. It won't let me and says..Your Universal Credit payments are not considered to be income.
@mummyb646
11 ай бұрын
U need be earning a certain amount as well
@emmamaxfield7568
11 ай бұрын
So motivating Sam. Thank you 😊
@TheBudgetMumUK
11 ай бұрын
You’re welcome! Thank you, lovely 🥰
@rosiew8-fenn
11 ай бұрын
That’s just what I needed! I’ve subscribed xx💷💷💷💷
@TheBudgetMumUK
11 ай бұрын
Amazing! Welcome, Rosie 👋🏻
@NorahslifeShowGodfidencenorah
9 ай бұрын
Gained a new subceiber here, i found your video very informative 👍
@TheBudgetMumUK
9 ай бұрын
Hello there and welcome 🤗 Hope you’re having an amazing day xx
@samanthacoutts8602
11 ай бұрын
Quick question. How do you deal with taxes for side hussles? Im in uk to and its the one thing stopping me from doing a side hussle.
@TheBudgetMumUK
11 ай бұрын
Hi 👋🏻 So depending on how much you make you don’t need to declare side hustles. Last time I checked I believe it was £1k… now, however, as I’m fully self employed I am set up as so and pay taxes accordingly. You can also set yourself up as self employed with a second income. Check out the Gov website for more info. But for me, I’d just go straight in and if you make an extra £1k a year you’re doing great! Hope that helps 😊
@sophiemeads5243
11 ай бұрын
PS you are amazing xx
@TheBudgetMumUK
11 ай бұрын
Thank you so much 🥰
@sophiemeads5243
11 ай бұрын
Is it best to try and pay off my 1500 0% credit card as soon as possible (9 months left on 0%) or to keep saving and pay the credit card off gradually?
@TheBudgetMumUK
11 ай бұрын
Hey Sophie, it’s definitely personal choice however, if you know you will definitely be able to pay off your credit card over the 9 months, before the interest begins, then I’d try to save some too. If you’re able to get a really good interest rate, then even better! It’s the best way to play the game - just make sure the card’s definitively paid off in time, otherwise the interest rate you will get on your savings will be swallowed up by the no doubt much higher penalty interest rate on the Credit Card. Hope that makes sense! 🥰
@danmeck5978
9 ай бұрын
I would save up £1500 as quickly as possible and deposit your savings into a savings account to accrue some interest. After 9 months pay off the credit card and keep the interest. Always pay the minimum on the card though.
@terrywoodfine8848
8 ай бұрын
Bloody hell this video goes on
@danmeck5978
9 ай бұрын
What savings account are you using please.
@TheBudgetMumUK
9 ай бұрын
I currently use the Santander Easy Access Saver as I was able to lock in a great APR. Not looked for the last couple Of weeks so best to shop around if you’re looking for something yourself ☺️
@danmeck5978
9 ай бұрын
@@TheBudgetMumUK thank you. I'm with a different bank and they are offering a great APR but for regular saving up to £150 a month but this is no good if you have say, £400 a month to deposit.
@TheBudgetMumUK
9 ай бұрын
@@danmeck5978 why not look to have more than one bank account to maximise your saving opportunities? It doesn’t harm your credit score
@joshuaking8424
4 ай бұрын
@@danmeck5978 you can get Clubs Lloyds account that you have to deposit £1.5k each month avoid the £3 fee but you can deposit max of £400/month at 6.25% it’s the 2nd best savings just after first direct of 7%
@joshuaking8424
4 ай бұрын
10k is a lot to a lot of people! You should start small. Look at £500 then 1k, 1.5k, 2k etc. As you watch that money increase you habit of putting money away will be 2nd nature and it will be easier. I think this video is flawed 😑
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