Debt can be overwhelming. For many, the burden of financial stress leads to a decline in mental health, with debt-related depression being a serious concern. The stigma surrounding debt can make it hard for individuals to seek help, which can result in feelings of isolation. This guide will explore how debt impacts mental health, offer…
It’s no secret that managing your finances can be difficult, especially if you don’t have all the support you need. As a single parent, all financial responsibilities can fall to you, which can take a toll not only on your finances but also on your mental health. Both debt and mental health are topics that…
Over the course of a career, many of us change jobs multiple times, moving between employers and pension schemes. It’s easy to lose track of workplace pensions, and with an estimated £19.4 billion sitting in unclaimed UK pension pots, you’re not alone if you’ve forgotten about a pension from years ago. Finding lost pensions is…
As temperatures drop, households across the UK are facing the challenge of rising energy costs. Adding to the pressure, recent changes to the Government’s Winter Fuel Payments have limited eligibility, leaving fewer people receiving support. This year, roughly 1.5 million pensioners will qualify for the Winter Fuel Payment, almost 10 million less than previous years.…
Debt can drain the fun out of life and can even make everyday expenses feel overwhelming. Whether it’s credit cards, student loans, car payments, or other financial commitments, seeing your hard-earned money disappear quickly can be frustrating. But the good news is, by taking control and making debt repayment a priority, you can break free…
In recent years Buy Now, Pay Later (BNPL) services have grown in popularity, allowing consumers to make purchases without paying the full cost straight away. While splitting the payment over a period may seem like a good way to make larger purchases more manageable or unexpected expenses easier to afford, there are potential drawbacks to…
If it’s not bad enough having to be there (sorry boss), getting to and from work can be a real pain. It’s not just the delays, the cancellations, the traffic jams, the road works, or the long hike, it’s the expense too. For many working people, commuting is unavoidable but there are things you can…
Council Tax Support (CTS) is a scheme designed to provide financial relief to those who are struggling to pay their council tax. Council tax support is managed by local councils in the UK and can significantly reduce the amount of council tax you need to pay. This makes it more affordable for those who are…
Losing your job can be one of the most challenging experiences you face. It’s not just the emotional impact, it’s the financial implications too. Especially if you have existing debts which need to be paid. This guide will include suggestions on how to cope with redundancy and tips on how to manage debt after job…
Identity theft is a growing concern in the UK, posing serious risks to individuals’ financial and personal security. According to a 2023 FICO report, approximately 4.3% of British consumers reported that their identity had been stolen to open financial accounts. To help prevent identity theft, this guide highlights the different types of threats it can…
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to pay back your debts over a set amount of time, which is typically five to six years. It’s a common solution for those who are facing unmanageable debt, but many people wonder if they can still rent a property while…
At MoneyPlus, we believe in making smart financial choices without sacrificing the joy of giving. Whether you’re shopping for a birthday, Christmas, or just because, finding the perfect present doesn’t have to drain your wallet and certainly shouldn’t make your debt problem worse. So, whether you’re currently using a Debt Management Plan (DMP), are working…