![]() ![]() ![]() To keep up to date with the latest cost of living news, join our Money Saving Scotland Facebook page here, or subscribe to our newsletter which goes out four times each week - sign up here. It is Government backed and is designed so that for every 80p you put into your tax-free childcare account, the state will add 20p. The scheme offers parents up to £2,000 a year per child towards childcare costs, including nursery, childminder and wraparound care. The parent, known only as Kiran, sent an email to the Money Saving Expert (MSE) website after spotting information about the tax-free childcare scheme in its weekly newsletter. To check if you are entitled to extra financial support, try MSE's calculator here.Įarlier this week, another MSE fan saved £1,200 a year on childcare by following its advice. I didn't think I'd qualify, but thought I'd check - turns out I was eligible for £550 a month! Thanks so much for the advice, I'd never have checked otherwise." He wrote: "In your weekly email, you encouraged people to check if they're eligible for Universal Credit. In the latest newsletter, one reader named Joel shared how using this tool has helped him to get £550 a month, or £6,600 a year. Christmas Eve winning lottery numbers and draws over festive periodīuilt for MSE by benefits specialists EntitledTo, the calculator can be used to find out whether you're eligible to get help from the Government and is said to only take 10 minutes.Full list of payments and benefits due early this week as a result of New Year bank holidays.The MSE website has shared a calculator to help people find out if they can get support, reports The Mirror. ![]() The latest tip explains that millions of British homes could be entitled to thousands in benefits annually, but many don't claim it. As a leading consumer advocate and money expert, Clark Howard has been sharing practical advice to help people save more and spend less for more than 30. Originally founded by savings expert Martin Lewis, the financial website regularly publishes a newsletter full of tips to save money and advice on how to check if you are owed extra cash. It’s still your money, remember! Just put it to one side to help ‘future’ you.As we look for ways to save cash amid the crippling cost of living crisis - one man has shared how he's £6,000 richer this year thanks to an easy (MSE) hack. It’s a simple way to set money aside before it reaches your checking account. Set up direct deposit to put a certain percentage of your paycheck into savings each time you get paid. People who are weighed down in debt and short-term spending have limited options, but active savers can sleep at night, and live their lives knowing their money is safely tucked away for them to use when they really want or need it. Saving money takes effort, especially if you’re looking to bulk up those savings fast. But most importantly, it gives you way more choices in the future. “It’s safe in the bank and you should get a little reward in the form of interest, which compounds and adds to your balance. “A great way to think about saving is that it offers three things: security, reward and choices,” Iona Bain, the founder of Young Money Blog, tells Vogue. To get the ball rolling (and make opening a bank statement a little less daunting), British Vogue asked four female financial experts for tips to help you start saving, stop stressing, and develop a healthy relationship with money. While buying a house isn’t everything, having a thorough grasp of your spending habits is certainly a good place to start – and a new year (even with an ongoing pandemic) is a great opportunity to adopt a new monetary mindset generally.
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