The Money Advice Service has launched a new report which has uncovered that the UK public makes an average 5 impulse purchases per month. This YOLO (or ‘you only live once’) mentality can have an impact especially if these purchases are made using credit.
I had the opportunity the other week to attend the inaugural Show Me the Money Bloggers get-together and award presentation hosted by Andy from Be Clever with your cash alongside the Money Advice Service.
You may have seen it a lot in the news recently (in the UK) about Wonga using fake law firms and false lawyers to scare people into repayment of debts. But as we’re finding out it’s not just Wonga who have been doing it!
It has always been a bit of a turbulent relationship when it came to money and me – but it because acutely so when we got ourselves into debt. Money scared me, tormented me and I had to think about our relationship for the first time.