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    SNP and Greens in Edinburgh council coalition talks as historic deal looms

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    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

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    Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

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    Bank of England warns of recession in UK as interest rates hiked to 1%

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    SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

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    SNP miss out on Russian sanctions list as 287 MPs banned from entering country

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    Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

    Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

    Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

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    Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

    Tory MP guilty of sexually assaulting 15-year-old boy at party

    Tory MP guilty of sexually assaulting 15-year-old boy at party

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    Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

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      Scottish job growth eases to four-month low in April

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      Scottish insolvencies hold steady as compounding crises raise pressure

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      Recovery in Scottish business optimism dampened by rising costs

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      Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

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      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

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      What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

      Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

      Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

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      Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

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      Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

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      Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

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      Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

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      Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

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      Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

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      Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

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      Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

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      Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

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        Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

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        Facebook to axe a number of location-tracking features from app later this month

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        Urgent WhatsApp warning as users told to delete scam text immediately

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        Many primary heads ‘would have preferred to delay Wales’ new curriculum’

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        Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

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        My seven year-old has never spent a whole day at school and cannot read and write

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        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

        Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

        Bank of England warns of recession in UK as interest rates hiked to 1%

        Bank of England warns of recession in UK as interest rates hiked to 1%

        SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

        SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

        SNP miss out on Russian sanctions list as 287 MPs banned from entering country

        SNP miss out on Russian sanctions list as 287 MPs banned from entering country

        Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

        Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

        Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

        Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

        Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

        Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

        Tory MP guilty of sexually assaulting 15-year-old boy at party

        Tory MP guilty of sexually assaulting 15-year-old boy at party

        Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

        Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

        Trending Tags

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          Sector growth slows as rising inflation weighs on demand

          Scottish job growth eases to four-month low in April

          Scottish job growth eases to four-month low in April

          Scottish insolvencies hold steady as compounding crises raise pressure

          Scottish insolvencies hold steady as compounding crises raise pressure

          Recovery in Scottish business optimism dampened by rising costs

          Recovery in Scottish business optimism dampened by rising costs

          Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

          Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

        • Sports
          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

          What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

          Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

          Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

          Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

          Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

          Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

          Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

          Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

          Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

          Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

          Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

          Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

          Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

          Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

          Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

          Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

          Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

          Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

          Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

          Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

          Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

          Trending Tags

          • Technology
            Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

            Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

            Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

            Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

            Facebook to axe a number of location-tracking features from app later this month

            Facebook to axe a number of location-tracking features from app later this month

            Urgent WhatsApp warning as users told to delete scam text immediately

            Urgent WhatsApp warning as users told to delete scam text immediately

            Simple household job could make you up to £600 in a matter of minutes

            Simple household job could make you up to £600 in a matter of minutes

          • Health
            ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

            ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

            Dementia experts share six ways to reduce risks of condition ‘by a third’

            Dementia experts share six ways to reduce risks of condition ‘by a third’

            Cleaning your ears without cotton buds – the three safest methods

            Cleaning your ears without cotton buds – the three safest methods

            Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

            Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

            Breakthrough cancer study finds big ‘clues’ about how disease is caused

            Breakthrough cancer study finds big ‘clues’ about how disease is caused

          • Entertainment
            N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

            N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

            How to Decorate Your Room With Leather Furniture

            How to Decorate Your Room With Leather Furniture

            How-To-Pick-The-Best-Pair-of-Lace-Up-Boots

            How To Find The Perfect Pair of Boots?

            Telltale lung cancer sign in your fingertips that could lead to early diagnosis

            Telltale lung cancer sign in your fingertips that could lead to early diagnosis

            Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

            Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

          • Life Style
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            How To Find a Good Illustrator?

            Many primary heads ‘would have preferred to delay Wales’ new curriculum’

            Many primary heads ‘would have preferred to delay Wales’ new curriculum’

            Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

            Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

            ‘Makaton sign language helps my teenager tell me how he’s feeling’

            ‘Makaton sign language helps my teenager tell me how he’s feeling’

            My seven year-old has never spent a whole day at school and cannot read and write

            My seven year-old has never spent a whole day at school and cannot read and write

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          10 ways to take control of your finances this year and see a difference by Christmas

          February 11, 2022
          in Life Style
          Reading Time:19min read
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          Most people are aware they should be paying off their debts, saving more or spending less, but the reality of tackling your finances and making important lifestyle choices can be daunting – especially when millions of households across the country are facing a cost of living crisis.

          This year already looks like another financially challenging one for many people due to rising inflation, increased bills and soaring energy costs, all of which will put extra pressure on household budgets.

          However, now is the perfect time to take a deep drive into your outgoings and spending habits and work out how you are going to pay for those increased repayments.

          Read More
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          And if you do it rigidly, focused entirely on staying in the black, your finances could be better off by the end of the year.

          WEALTH at work, a leading financial wellbeing and retirement specialist, has shared a list of things that people can do to help them take control of their finances in 2022.

          10 ways to improve your finances in 2022

          Create a budget

          Work out exactly what your income is, and what liabilities you have – for example, mortgage, debt, childcare, insurance and utility bills. If the amount of money you need each month is more than the amount you have coming in, you can then work out what action you need to take to cover your costs.

          Review all your outgoings

          It is important to check bank statements and make a list of what is being spent each month. It is also helpful to divide these into utility bills, mortgage or rent costs, Council Tax, supermarket shopping, monthly contracts for TV, broadband and mobiles, insurance, regular subscriptions, and other spending.

          This will highlight where money is going and where savings could be made.

          Cancel any unused subscriptions, or unused memberships you have forgotten about. If you can’t afford them or don’t use them, now is the time to get rid of them.

          Make managing debt a priority

          There are many different types of debt with varying rates of interest, and it is often a good idea to make paying off expensive debts a priority.

          Credit cards and overdrafts can have rates of 18-40%,

          A good option could be to consolidate any debts into a 0% or low interest balance transfer card, as more money will go towards paying the debt off and enable you to clear it over a shorter time period.

          Be a savvy shopper

          By switching brands it might be possible for you to significantly reduce the price of your regular shop. In addition, by planning for your weekly shop in advance, it may help you to search for deals and reduce expenditure on non-essential items.

          Discount vouchers are often available through voucher and discount websites, and some people have access to discount vouchers through their employer. This could be crucial if you have to make a big purchase, such as if your washing machine breaks.

          Check if you can save on your household bills

          It is possible to make significant savings on a range of household bills such as car, home and pet insurance, and broadband and mobile suppliers.

          Price comparison websites can help to make it easy to compare the different deals available. Increases in wholesale energy costs mean fewer deals are available right now, so it may not be a good time to try to change utility suppliers, but there are still significant savings available on other bills.

          Watch out for auto-renewals

          Many insurance policies for cars, homes and travel, automatically renew each year but people may be paying more than they need to if they allow this to happen.

          To get the best deal and avoid any potential price hikes with auto-renewals, make sure you find out when your contract is due to end, and put it in your diary for a few weeks earlier, so you have plenty of time to shop around and switch or haggle where appropriate.

          Set up a savings Direct Debit

          If your expensive debts are paid off, and you can afford to save, it is often a good idea to set up a direct debit for saving into an ISA, pension or company share scheme. Often this means that you don’t notice that the money is going into your savings.

          Start saving early

          Starting to save when you are younger means that the money has time to grow. ISAs are a great way to start saving, and mean you have access to your savings in the future should you need them.

          It is also important to make sure that you’re saving into your pension from early on. Many are already paying 5% of their salary into their workplace pension through auto-enrolment, with an additional 3% employer contribution. However we know that many employers match additional contributions (up to certain limits).In fact, if you are in your 20s, by saving an extra 1% a year with your employer matching this, it is possible to increase your pension pot in retirement by 25%.

          Beware of scams

          Scammers can often sound completely legitimate when they contact you, so it’s easy to see why so many people are fooled and it isn’t small amounts of money which are being taken.

          Action Fraud reported a doubling of the average amount lost by pension scam victims between January and May 2021 to almost £51,000 from around £23,689 in 2020.

          If someone contacts you with an offer which seems too good to be true, it’s vital to check whether the company is registered with the Financial Conduct Authority (FCA). You can also visit the FCA’s ScamSmart website which includes a warning list of companies operating without authorisation or running scams.



          There are a number of ways you can stay up to date with the latest stories from the Daily Record.

          You can join the conversation on our Money Saving Scotland Facebook group for money-saving tips, benefits news, consumer help and advice, plus the latest shopping deals.

          Sign up to our Record Money newsletter to get the top stories sent straight to your inbox every Tuesday and Friday – you can sign up here.

          You can also follow our Twitter account @Recordmoney_ for regular updates throughout the day.

          Take action

          Don’t worry if you don’t know where to start as there is plenty of help available. It’s always worth speaking to lenders to see if they can help if you are struggling with repayments and Citizens Advice can help you understand how to deal with any debts. Many employers offer their staff help through financial education and guidance, so make sure you speak to them to find out what is available.

          Commenting on the tips, Jonathan Watts-Lay, Director, WEALTH at work, said: “Most people would benefit from having a better understanding of money, but are confused where to start. Too many struggle to pay bills, or repay expensive debt. Often people have direct debits for products and services they no longer use, and policies often auto renew at much higher rates than the original deal.”

          He added: “If you are able to save, you need to understand what the best method is for your saving goals.

          “Now is a great time to commit to understanding what your financial situation really is, and taking action to make sure you are in control of your finances in 2022.”

          Get the latest money-saving and benefits news sent straight to your inbox. Sign up to our weekly Money newsletter here.





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