{"id":27690,"date":"2023-09-18T09:12:52","date_gmt":"2023-09-18T09:12:52","guid":{"rendered":"https:\/\/www.lendingstream.co.uk\/blog\/?p=27690"},"modified":"2023-10-03T12:03:06","modified_gmt":"2023-10-03T12:03:06","slug":"how-to-take-control-of-your-finances","status":"publish","type":"post","link":"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/","title":{"rendered":"How To Take Control of Your Finances? [9 Best Ways]"},"content":{"rendered":"\n<p>The current financial climate leaves a lot to be desired. Without adequate planning, your current budget can quickly get out of hand. If you\u2019re struggling to take control of your finances, you\u2019re not alone. 39% of UK adults (20.3 million) don\u2019t feel confident about managing their money. <strong>(data correct as of date: 12<sup>th<\/sup> Sept 2023)<\/strong><\/p>\n\n\n\n<p>Taking control of your finances isn&#8217;t just about budgeting and saving; it&#8217;s about understanding your financial habits, setting achievable goals, and leveraging the tools and resources available to secure your financial well-being.<\/p>\n\n\n\n<p>In this guide, we will explore money management tips and strategies that will help you take control of your finances, <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-save-money-in-london\/\" target=\"_blank\" rel=\"noreferrer noopener\">save money<\/a><\/strong>, and work towards a more secure future.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f2a801d0048\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f2a801d0048\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#1_assess_your_current_financial_situation\" >1. Assess Your Current Financial Situation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#2_create_a_flexible_budget_plan\" >2. Create a Flexible Budget Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#3_set_clear_financial_goals\" >3. Set Clear Financial Goals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#4_build_an_emergency_fund\" >4. Build an Emergency Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#5_tackle_debt_strategically\" >5. Tackle Debt Strategically<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#6_save_and_invest_for_the_future\" >6. Save and Invest for the Future<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#7_automate_savings_and_bill_payments\" >7. Automate Savings and Bill Payments<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#automating_savings\" >Automating Savings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#automating_bill_payments\" >Automating Bill Payments:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#8_educate_yourself_about_personal_finance\" >8. Educate Yourself About Personal Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#9_avoid_impulse_spending\" >9. Avoid Impulse Spending<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#frequently_asked_questions\" >Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#what_is_the_50-30-20_rule_for_managing_money\" >What Is the 50-30-20 Rule for Managing Money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#what_is_the_best_way_to_control_your_finances\" >What Is the Best Way To Control Your Finances?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#what_are_the_4_types_of_saving_methods\" >What Are the 4 Types of Saving Methods?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#how_can_i_improve_my_money_mindset\" >How Can I Improve My Money Mindset?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-take-control-of-your-finances\/#how_do_i_overcome_bad_money_habits\" >How Do I Overcome Bad Money Habits?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_assess_your_current_financial_situation\"><\/span><strong>1. Assess Your Current Financial Situation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Want to know where your finances stand? Whether you&#8217;re just starting your financial journey or looking to fine-tune your existing practices you can start with these easy steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\">\n<li>Tally up all your earnings. Write down everything that comes in, from wages to freelance payments.<\/li>\n\n\n\n<li>List your expenses and categorise them into fixed and variable costs.<\/li>\n\n\n\n<li>Evaluate areas where you might need to spend more or cut back. If you find yourself spending uncontrollably, identify methods to reduce costs.<\/li>\n\n\n\n<li>Prioritise <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/emergency-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">building an emergency fund<\/a><\/strong> and concentrate on increasing your savings account.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_create_a_flexible_budget_plan\"><\/span><strong>2. Create a Flexible Budget Plan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"532\" height=\"399\" src=\"https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/09\/Create-a-Flexible-Budget-Plan.jpg\" alt=\"Create a Flexible Budget Plan\" class=\"wp-image-27691\" srcset=\"https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/09\/Create-a-Flexible-Budget-Plan.jpg 532w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/09\/Create-a-Flexible-Budget-Plan-300x225.jpg 300w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/09\/Create-a-Flexible-Budget-Plan-80x60.jpg 80w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/09\/Create-a-Flexible-Budget-Plan-265x198.jpg 265w\" sizes=\"(max-width: 532px) 100vw, 532px\" \/><\/figure>\n\n\n\n<p>Financial planning is not just about money management &#8211; it&#8217;s about securing a future, whatever that may look like. An adequate budget plan must be able to differentiate between needs and wants, save for future uncertainties, and have enough money to ensure that you&#8217;re not living paycheck to paycheck. There are <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-budgeting-apps\/\" target=\"_blank\" rel=\"noreferrer noopener\">several budgeting apps available in the UK<\/a><\/strong> that can help you out.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_set_clear_financial_goals\"><\/span><strong>3. Set Clear Financial Goals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Financial security planning starts with knowing what you want. Here&#8217;s how:<\/p>\n\n\n\n<p>Both short-term and long-term financial objectives are vital. Think about what you want to achieve in the next 3 months, as well as the next year. The short-term might be paying off a credit card; the long-term could be buying a house.<\/p>\n\n\n\n<p>You can manage your goals by breaking them down into smaller steps. For example, if you\u2019re looking to buy a new car, work out how much you need to <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-save-money-each-month\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>save each month<\/strong><\/a>. That way, you\u2019ll be looking at smaller deposits over time rather than one large down payment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_build_an_emergency_fund\"><\/span><strong>4. Build an Emergency Fund<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Life is full of surprises, and not all of them are fun. That&#8217;s where an emergency fund comes in. If your car breaks down or you lose your job, it&#8217;s a safety net.<\/p>\n\n\n\n<p>But how much do you need in your emergency fund? Take a look at the below to find out.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Age (Years)<\/strong><\/td><td><strong>Amount (\u00a3)<\/strong><\/td><\/tr><tr><td>18-24<\/td><td>2,481<\/td><\/tr><tr><td>25-34<\/td><td>3,544<\/td><\/tr><tr><td>35-44<\/td><td>5,995<\/td><\/tr><tr><td>45-54<\/td><td>11,013<\/td><\/tr><tr><td>55-64<\/td><td>20,028<\/td><\/tr><tr><td>65-74<\/td><td>113,600<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Remember, building an emergency fund isn\u2019t supposed to dampen your fun, it\u2019s about having a reserve for your financial future. <strong>(data correct as of date: 12<sup>th<\/sup> Sept 2023)<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_tackle_debt_strategically\"><\/span><strong>5. Tackle Debt Strategically<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sorting out debt and loan repayments can be a real headache. With the right strategy, you&#8217;ll handle it before you know it. First, tackle high-interest debts.<\/p>\n\n\n\n<p>Why? Because high-interest debt accumulates faster and can quickly spiral out of control. By addressing these first, you reduce the overall interest you&#8217;ll pay in the long run.&nbsp;<\/p>\n\n\n\n<p>There are a couple of methods that can help you clear your debts swiftly and efficiently.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/debt-snowball-method\/\" target=\"_blank\" rel=\"noreferrer noopener\">snowball method<\/a><\/strong> means starting with the smallest debt and moving on to the bigger one.\u00a0<\/li>\n\n\n\n<li>The avalanche method, on the other hand, targets debts with the highest interest rates first.<\/li>\n<\/ul>\n\n\n\n<p>Both ways are effective, so choose the one that suits you best.<\/p>\n\n\n\n<p>While it might be tempting to take on new debt, especially after a pay rise, moving to a higher-paying job or tax refund, it&#8217;s best to avoid this.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_save_and_invest_for_the_future\"><\/span><strong>6. Save and Invest for the Future<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are several methods you can consider to help create savings through consistent investments. A few reliable ones include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Retirement Accounts:<\/strong> Great for long-term planning and usually comes with tax benefits. Certain institutions also let you use them as emergency funds.<\/li>\n\n\n\n<li><strong>Stocks:<\/strong> If you&#8217;re looking for potentially high returns and are willing to accept higher risks, investing in stocks is for you.<\/li>\n\n\n\n<li><strong>Bonds:<\/strong> These are considered safer than stocks and provide regular interest payments. It&#8217;s an essential part of a balanced financial plan template.<\/li>\n\n\n\n<li><strong>Recurring Deposits: <\/strong>Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_automate_savings_and_bill_payments\"><\/span><strong>7. Automate Savings and Bill Payments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Taking control of your finances is a lot easier than you might think. Automating savings and bill payments saves time and money. It takes the stress out of monthly expenses and helps you remain consistent with your savings.<\/p>\n\n\n\n<p><strong>Here&#8217;s how it can work for you:<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"automating_savings\"><\/span><strong>Automating Savings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Automatic Transfers:<\/strong> Most banks offer the option to set up automatic transfers from your checking to your savings account. You can schedule these transfers to occur on specific dates (e.g., after each paycheck) or at regular intervals (e.g., monthly).<\/p>\n\n\n\n<p><strong>Use Savings Apps:<\/strong> Consider using savings apps that automatically round up your everyday purchases to the nearest dollar and invest the spare change for you.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"automating_bill_payments\"><\/span><strong>Automating Bill Payments:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Online Bill Pay:<\/strong> Most banks offer online bill pay services. Log in to your bank&#8217;s online portal and set up your recurring bills (e.g., rent, utilities, credit card payments) as payees. You can schedule payments to occur on specific dates or set up automatic recurring payments.<\/p>\n\n\n\n<p><strong>Auto-Debit Authorization:<\/strong> For bills like mortgage, credit card debt or student loans, contact your service provider to set up auto-debit authorization. They will deduct the payment directly from your bank account on the due date.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_educate_yourself_about_personal_finance\"><\/span><strong>8. Educate Yourself About Personal Finance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You don&#8217;t have to be a finance whiz to be smart with your cash. There&#8217;s plenty of assistance available if you seek it out. There are many websites available which offer comprehensive guides and tools about personal finances. You can even consider checking some great YouTube channels which talks about personal finance and give financial tips.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_avoid_impulse_spending\"><\/span><strong>9. Avoid Impulse Spending<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It&#8217;s easy to get caught up in the here and now and <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-stop-spending-money-on-unnecessary-things\/\" target=\"_blank\" rel=\"noreferrer noopener\">spend money on things we want but don&#8217;t need<\/a><\/strong>. To control impulsive spending, consider using cash or debit cards instead of credit cards. Leaving your credit cards at home when you go shopping makes you more conscious of the money leaving your wallet. Create a shopping list before going out, sticking to it to avoid deviating from your planned purchases.<\/p>\n\n\n\n<p>Also, practice the 30-Day Rule for larger purchases, committing to waiting 30 days before buying to allow time for research and evaluation. Practicing these techniques can help you become more intentional with your spending choices and build better financial habits over time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Hopefully you\u2019ve gained insights into budgeting, saving, investing and making informed financial decisions. Remember, It&#8217;s about envisioning where you want to be, laying the groundwork for tomorrow, and taking empowered steps toward a brighter future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"frequently_asked_questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1695028059496\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what_is_the_50-30-20_rule_for_managing_money\"><\/span><strong>What Is the 50-30-20 Rule for Managing Money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>This rule helps with financial planning. Spending 50% on needs like rent and car payments and household bills, 30% of your spending money on recreation, and 20% on savings or paying off debt.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1695028164066\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what_is_the_best_way_to_control_your_finances\"><\/span><strong>What Is the Best Way To Control Your Finances?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Personal financial planning is key to control. Make a budget, keep an eye on spending, and plan for unexpected costs and retirement plans.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1695028172937\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what_are_the_4_types_of_saving_methods\"><\/span><strong>What Are the 4 Types of Saving Methods?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>There are four key saving methods to consider:<\/strong> Regular Savings Accounts for immediate goals; Fixed Deposits for assured interest; Retirement Accounts for long-term security; and Investment Funds for potential higher returns.\u00a0\u00a0\u00a0<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1695028185641\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how_can_i_improve_my_money_mindset\"><\/span><strong>How Can I Improve My Money Mindset?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Start by defining your objectives. Educate yourself on financial matters, establish realistic milestones, and maintain an optimistic perspective about building savings.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1695028203044\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how_do_i_overcome_bad_money_habits\"><\/span><strong>How Do I Overcome Bad Money Habits?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>First, pinpoint the issue, whether it&#8217;s excessive spending or accumulating more debt. Next, establish definite objectives and be consistent in following them. Don\u2019t refrain from seeking assistance when required.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><strong>Disclaimer:<\/strong> The information given above is provided for reference only. This is not financial advice.<\/p>\n\n\n\n<p><strong>Related guides:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/ways-to-save-money-on-a-tight-budget\/\"><strong>Best Ways To Save Money On A Tight Budget<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-save-money-from-salary\/\"><strong>How to Save Money From Salary<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current financial climate leaves a lot to be desired. Without adequate planning, your current budget can quickly get out of hand. If you\u2019re struggling to take control of your finances, you\u2019re not alone. 39% of UK adults (20.3 million) don\u2019t feel confident about managing their money. (data correct as of date: 12th Sept 2023) [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":27692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139],"tags":[],"class_list":["post-27690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money"],"_links":{"self":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/27690"}],"collection":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=27690"}],"version-history":[{"count":2,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/27690\/revisions"}],"predecessor-version":[{"id":27716,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/27690\/revisions\/27716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media\/27692"}],"wp:attachment":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=27690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=27690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=27690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}