Women on Maternity Leave struggle with Finances

  • Women on Maternity Leave are struggling with Finances and Money Worries

A report out today suggests that 30% of women on maternity leave are falling further into personal debt using credit cards and overdraft facilities to support them financially through the pregnancy period.

10% of women are cutting the maternity period short and returning to work early just to try to stop the financial pressures building up further. Some are seeking help and advice from a debt consolidation service.

Most of the mothers surveyed claimed that income in the family home had reduced by approximately 40% and they were turning to family assistance or loans and credit companies to get by.

Most women are cutting short the time they take as maternity leave and this is only to try to boost income and reduce personal debt levels that are rapidly building.

If you are pregnant in debt and require assistance to clear credit cards, loans, store cards, catalogues and overdraft debt then contact a personal debt consolidation service today.

Lewis Alexander Financial Management can help you to clear unsecured debts and consolidate them into one monthly repayment without the need for another loan.

  • Contact the Lewis Alexander personal debt helpline today in confidence using 0800 018 6868.
  • Lines are open 24 hours / 7 days and your call is usually free from a land line.

Living Abroad and Struggling with UK Personal Debt?

Lewis Alexander is a Financial Management company in the UK and we have 10 years experience of helping Expats and UK residents living outside of England, either on a temporary or permanent basis.

Dealing with the minimum payments on credit cards and sending payments to loan companies can get very tedious from abroad and it can help to have a company dealing with the creditors for you.

Not everyone should enter into a personal debt consolidation solution and our clients personal circumstances dictate the advice we give.  There are free charities such as the Citizens Advice Bureau and the Money Advice Service set up by the government which can all help you to understand how to deal with personal debt and the stress associated with it from abroad.

Sometimes people are staying abroad and have no intent on returning, whilst others are planning on returning to the UK and wish to make some positive arrangements so they are not in financial distress when they return.

Help and advice is available from Lewis Alexander and the lines are open 24 hours a day for you to call.  We deal with people across the world who are Expats of the UK in debt, living in places such as Dubai, USA, Germany, France, Italy, Belgium, Poland, Iraq and Afghanistan.

If you wish to pay for debt assistance and have a dedicated company responsible for managing your personal debt commitments then please call Lewis Alexander;

Your call may not be free from abroad and you should check the cost with your phone provider before calling.

Youth unemployment and personal debt

As unemployment figures and requirements for debt advice UK reach their highest since the early 1990’s, the two stats that are most regularly focused on are the number that have been unemployed for 12 months or more and the volume of under 25’s who are currently registered as unemployed.   For the record these two figures currently stand at 833,000 and 965,000 respectively.

  • So why is youth unemployment such a problem?

Well, for a start it leads to worrying headlines from newspapers (who should really know better) about ‘lost generations’ and it reinforces stereotypes about youngsters being lazy.

It also reflects a lack of new positions being created within the job market.  In times of economic difficulty, employers are less likely to take chances on less experienced staff, preferring to go with the fully-skilled employee who can deliver immediate results.  It is also likely that the experienced worker will be available for less, so they become a more attractive proposition.

Perhaps most worry is the fact that business leaders claim unemployment in the young is owing to the absence of genuine work skills from those leaving education at school, college and university.  Top of these claims include: an inability to perform simple mental arithmetic, a lack of inter-personal skills making dealing with the public impossible, (and from our university graduates) a real lack of marketable knowledge.  It appears that my BA (Hons) David Beckham Studies is useless after all.  Although it did include an entirely enjoyable module studying the life and times of The Spice Girls!

Increasingly UK Job Centres and careers counselors are advising the young and unemployed to undertake further training.  As budgets for this training reduce, the cost is often borne by the student themselves.  This return to education may reduce the volume of the young and unemployed in the short term, but in the long term will create a wave of people who return to the labour market, potentially still without those basic skills employers crave.

So if you are trapped in a cycle of unemployment what can you do to improve your situation?  Perhaps the first place to start is thinking about the type of job that you are looking for.  Is this something that you are fully qualified to do?  If so, have you just been unlucky? Or is it because you lack the practical experience?  Where this is the case, whilst it hurts to give away your skills for free, a period of volunteering can unlock doors.  The more commercial amongst you may even make an offer that provides a £zero salary, but will generate an income for you if you can bring in revenue from the work you do, or can clearly demonstrate how you have cut costs.

If you don’t really have the skills for your desired profession, then the decisions to be made are more drastic.  Firstly, are you being realistic in your expectations for a career?  And if not, do you need to complete some drastic retraining?  Whilst applying (and not getting) jobs can be depressing, it can be avoided if these roles were pipe dreams in the first place.  If you are being realistic, then maybe you need to consider falling back on a different career until prospects in your field improve.  The sarcastically inclined amongst you, may argue that this is why every Barrister is a writer and every waitress in London is a wannabe West End Actress!

  • Sarcastic, maybe… but you can see the logic of having a back-up career to help with debt and pay the bills.

Emergency money help and advice

When we are struck with sudden costs such as health or home related, we tend to struggle to find the money to pay for the “emergency” that has arose.

Even if living costs are being met when the odd change of circumstance occurs, it can have devastating effects financially for the long term if you have to borrow emergency money at high rates.

People should save an emergency fund or have a way of accessing emergency money through insurance or even friends or family.  In a world that is ever more technological and fast moving, accidents and break downs of all types of equipment are more likely.  Yes, even the breakdown of our own bodies.

If your financial situation does not allow for you to think about a budget for a rainy day fund, or emergency cash fund, then consider how you can increase your earnings to enable you to save that few extra (£) pounds per week or month. When you have the small fund you will feel as though you have achieved something, test us to see if we are wrong!

The important message within this blog post is “Get your rainy day fund in order, or start one today!”

If you are struggling with personal debt and think that you would benefit from a confidential conversation with a trained debt advisor, call our personal debt helpline today using  0800 018 6868

Personal Debt and Christmas Spending

Personal debt tends to increase at certain times of the year more so than at others. Christmas is most probably the time that most of us spend that little extra than we planned to or just go that little over the top on presents for others. We are all in control of our spending however if you were able to look at most peoples bank statements, you would find that our spending is not in line with our affordability.

This is the point of this blog post, we should all live within our means as best as possible, the posh and becks lifestyle is not affordable for everyone and you should save for a rainy day or ill heath before splashing out on more retail therapy for yourself or others, the bills will eventually land on your doorstep and need paying.

The media will blow up certain celebrity lifestyles to make fresh and interesting news, people actually believe that they should be able to spend like rock stars or footballers and this is where the problems start. Not all personal debt is due to overspending and most is usually caused by personal changes in circumstances that are totally unavoidable. You should remember that however fast Christmas seems to arrive, it passes even quicker and the left over turkey can be used for sandwiches but the credit card bills can’t!

For further help and advice on personal debt issues contact our personal debt helpline in confidence using

0800 018 6868

Redundant and in personal debt

Redundancy and Personal Debt

If you think that you could be made redundant in the near future, or if you have recently been made redundant, you may be suffering from personal debt issues that have now become more serious.

We all suffer from changes in circumstance at different times in our lives, this happens quite regularly throughout our working lives mainly taking us by surprise.

It would be an ideal world if we could be sure that we were safe financially and that these debt problems associated with illness and redundancy would not affect our bank balances but unfortunately the impact can cause severe set backs creating the need for personal debt help.

If you have personal debts and are in a position where your monthly income has been reduced or stopped, you must find out exactly which benefits you are entitled to.  The debts that should be paid first are your priority ones such as mortgages or rent, this includes council tax and utilities (gas, electric, water).  These take priority over ALL unsecured debts such as overdrafts, credit cards and store cards, bank loans and doorstep or cash loans including catalogues.

Many people make the mistake of trying to maintain minimum payments on high interest unsecured credit agreements which should actually be the last items to be included within your expenditure, they should only be paid if you find that you have an amount of disposable income to contribute towards your unsecured debts once your priority living costs have been taken care of.  That spare disposable income should be split up amongst your creditors on what is known as a pro-rata basis.  This is a fair share based on the percentage of your total debt that a particular creditor represents.  This is known as a debt management plan.

If you need help or advice regarding personal debt problems caused by a loss of job, less hours at work or being made redundant, then please contact our debt helpline in total confidence, our lines are open 24 hours and your call is free!

0800 018 6868

Worried about my money

Worried about money?

We all worry about money at some time, however for most people in the UK at present, money worries and personal debt problems are at an all time high.

The state of our economy or debtconomy is not good to be polite and people are fumbling around with savings looking for places to invest as safe havens and others are scrambling around looking for money to pay the bills and clear debts,  even the millionaires amongst us are uneasy and worried.

We must all budget to plan well financially, more has to come in than goes out each month and if your budget is not balanced your life will suffer!

You can get help to balance your budget each month and help to understand how you can split or apportion your monthly income or wage to better plan a more stable financial base for you and your family.  If you have any personal debt issues a debt management online company could help you.

You must prioritize your most important monthly payments first, rent or mortgage, council tax, electricity, gas, water, tv license, housekeeping and insurances etc.  the less important things ie, the luxury items need to be stopped immediately.

Most people do not actually understand where all their money is going each month until they decide to sit down and look at it on a list, this becomes your starting point for your budget.  Do not be afraid to do this as the worry and procrastination or delay in putting the budget planning off is usually worse than the budget you end up having to deal with!

If you need help or advice on how to better budget your way through each month, or help to manage personal debt that may be sending your budget out of control, then call our debt helpline today in total confidence, our lines are open and your call is FREE from a land line,

  •  0800 018 6868