Recent Findings Show Part-Time Workers Have Less Disposable Income than the Unemployed!

Dec 13

Recent Findings Show Part-Time Workers Have Less Disposable Income than the Unemployed!

As Christmas is fast-approaching, it isn’t surprising that budgeting is in everyone’s mind right about now. We all know the clichés; Christmas is about spending time with loved ones, about making memories; about appreciating what you have. It’s not about the number of presents you give/receive (it’s the thought that counts, after all!), or expensive food, or nights out.

Except it is a little bit. Maybe not the receiving of gifts part, but everyone likes to be able to give nice presents to the people they care about, pig out on gorgeous food (pigs in blankets, chocolate money and cheddar cheese with apple are my tri of guilty pleasures!) and be able to go out with friends and celebrate the holiday season.

night out

But budgeting isn’t just a part of Christmas; it’s something we do all year round. We have our essentials – bills, food, car expenses, etcetera – and then we have our disposable income – the fun bit of our wages we can blow on anything we like!

However, this month a report has been released by Scottish Friendly suggesting, after bills and the essentials, on average, the unemployed have more disposable income left than part-time workers or those in zero-hours jobs. Admittedly, the report shows there isn’t a huge difference, but it is a significant finding.

Scottish Friendly’s ‘Disposable Income Index’ shows that the unemployed, on average, have 9.3% of their monthly income as disposable, while a part time worker’s disposable income is 7.9% of their income, and a zero-hours worker has a disposable income of 7.8% of their monthly wage.

These findings certainly do spark some questions! For starters, it seems, if these findings are indeed correct, there’s less of an incentive to take on part-time or hourly work…

But Perhaps it Does Pay to Work?

Piggy Bank On Pennies

It is important to look at all the facts and stats Scottish Friendly have released before we go jumping to the belief we’d be financially better off jacking in our jobs before the Christmas hols. Scottish Friendly’s report the unemployed have an average disposable income of £174, whereas part-time workers have an average of £192. The difference isn’t massive, but the findings do suggest you have more money at the end of each month through working – as you would expect!

Wait – there’s some Good News!

Apparently, the average levels of disposable income across the UK are on the rise! Woo hoo! The report suggests levels of disposable income have risen by an average of 2.3% in the last 3 months. Might be enough for a new pair of shoes…

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How to Have a Great Night in with Friends!

Dec 09

How to Have a Great Night in with Friends!

In our cash-bedraggled times, Friday and Saturday nights have become rather boring affairs compared to their mid-noughties counterparts. Many might bolt at the idea of going out to an expensive restaurant or night out in town, but just because those purse strings are firmly tightened doesn’t mean that you social life has to suffer; there’s plenty of ways to have a hilarious and fun night with friends at home, so to help, we cobbled together some tips on how to get the most out of your night-in!

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Take Action and Manage Your Debts!

Dec 04

Take Action and Manage Your Debts!

I used to struggle managing my money. It requires fingers from both hands – and probably my toes as well – to count the number of financial crises I’ve found myself in. I’ve missed payments of rent, my credit cards, had to pawn jewellery for some quick cash, have tried payday loans – even had a prepayment electricity meter installed in one property a number of years ago because I’d been so bad at managing my energy accounts.

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Little Cost Cuts That Make A BIG Difference

Nov 24

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Thanks to 401(K) 2012 for the image.

When your monthly bank statement lands on your doorstep with a bang, it always takes us by surprise. We often can’t quite work out how we managed to spend so much in one month! The problem isn’t usually the big payments. The big trouble comes with the little things that slowly add up. These are the hardest things to keep track off and they amount to large sum over time.

In order to save money, you don’t always have to give up those luxuries you love. It doesn’t necessarily mean stopping the weekend splurges on clothes and the car. Whatever it is you love doing, don’t cut it out of your life for the sake of money. Instead, take a deep look at your statement and see where costs could be shaved off. When you reduce each outgoing by just a little, it makes a difference. Small cuts amount to big savings.

Assess your bills

This is where you’ll make the biggest savings. Too often, we just ignore our outgoing bills. They’re boring, expensive and we don’t like to spend time thinking about them. However, they’re probably costing you more than you should. In all likelihood you were hooked in with a tasty introductory offer of low payments. After 6 months, these tend to revert back to full payments, leaving you with hefty bills. Reassess your phone bill, your gas and electricity, TV package and water bills. Then click here to see if your insurance premiums could be cheaper across the board. Sign up for new packages and shave costs of the others. You’ll save more than you think.

Take a packed lunch to work

Taking your own lunch to work doesn’t have to mean a boring cheese sandwich. You can get creative with your favourite meals. Use leftovers from a great evening dinner, or make a healthy salad or wrap. Prepare it the night before as part of a routine so there’s no stress in the morning. Too many of us buy a meal-deal lunch because it’s convenient. Only go out for lunch if the boss is paying!

Drive less

Cars consume money like no other item we possess. Fuel costs are rising fast and our wages aren’t rising to match them. It means that you’re spending more and more to fill up. Try cycling or walking to work instead. Take a second to think if you really need to use the car for a particular errand. Get out in the fresh air instead! Here are other tips on saving money on petrol.

Going out is overrated

Instead of a big, expensive night out, organise a night in instead. Ditch the cinema for a movie night with friends. Use a coupon to order pizza and crack open a bottle of wine or crate of beer. Save a fortune on club entry prices by having a house party instead. Staying in is often much more fun than going out anyway.

Every person is different and we all spend money in different ways. Find the small things that you are wasting money on and cut them out of your life. Shave little bits of money here and there and you’ll be amazed at the difference it makes. You don’t have to sacrifice the things you love to save money.

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Bills Bills Bills! Bloody Annoying – But You Can Reduce Them

Nov 19

Bills Bills Bills! Bloody Annoying – But You Can Reduce Them

No-one likes to receive bills. The only thing worse than seeing how much you owe in print is seeing how much tax has been taken from your earnings when you look at your payslip at the end of every month.

Sometimes, it really does feel like the money you earn is spent before you even know it’s there. But, even worse than having to pay bills is the fact that we’re often paying more than is necessary – basically, throwing away money!

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How to Use Your Kids to Cut Your Christmas Spending

Nov 17

How to Use Your Kids to Cut Your Christmas Spending

It’s that time a year again when every store front seems to attract all the pounds in your pocketbook. From big box store to country market boutique, it appears everyone on your Christmas list is just dying to have that one thing they’ve been longing for all year. With each gift request to fill, card to send or new must have tree ornament, so shrinks your bank account. So how can you rein in the endless spending this holiday season, without appearing to be a spendthrift? Harness your kids’ creativity!

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A bingo site where you gain more than you lose – Game Village Bingo

Nov 14

A bingo site where you gain more than you lose – Game Village Bingo

Hey, my lovely readers I have always made it a point to provide you with information through which you can save or earn money. If you remember some were even as out-of-the-box as pre planning for a funeral, money saving tips especially for students and how can you plan a last minute trip and still save up a whole lot of money. Quiet recently I found out another fun but amazing way of saving up or gaining money through a source which most of you classify under expenditure. It’s none other than bingo folks. Surprised? Well don’t be as I am about to provide you with information about one particular bingo site that I came across recently which pays out much more than you need to spend.

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