When is the right time for change?



Hello Dear Reader,

Managing your finances correctly can seem somewhat of an art. With the cost of living on the rise and bills coming in from different angles, it can be tricky to keep your head above water – but if it’s all getting a bit much, when’s the right time for a change? Is there anything you can do to make your life easier?

Make a change if – your debt is spiralling out of control

 While there are many good reasons for taking out unsecured loans, using credit cards and borrowing money from other sources, it’s crucial to monitor your spending. If your debt begins to spiral out of control or you slip so far into the red that you’ll only be able to get back on track with serious intervention – a financial shakeup could be looming, but what are the next steps?

Well, firstly, it’s a good idea to speak with a financial advisor to find out where you should start. Experienced professionals will have all the contacts and information to help sort out even the most complex of issues and will point you in the right direction. There are, after all, many things you can do to make your life easier, such as consolidating your debt or switching with credit cards with a low interest rate. You may also decide to give yourself a monthly/weekly budget or make the most of money-saving apps to help track your incomings and outgoings daily.

Make a change if – you want to buy or let

Whether you want to buy or rent a property you can bet your bottom dollar you’ll probably need some kind of credit score. This is because mortgage lenders and landlords want to see how reliable you are at paying bills on time and so if you’ve never borrowed money in your life they won’t have anything to judge you on. Unfortunately, this might make it tricky to secure the house of your dreams, but with a little forward planning you can make the relevant financial changes.

Firstly, you’ll need to develop or improve your credit score. There are many ways to do this but you could start by applying for a low-interest rate loan – perhaps to clear your debt – and paying off instalments on time. This will show you’ve got financial control and are capable of sticking to a repayment schedule. Similarly, you could use a 0 per cent interest credit card for regular purchases, such as food or fuel and repay the desired amount on time.

Make a change if – you want to save for the future

Living from hand to mouth can make it incredibly hard to save, but if you feel you could make cutbacks and put the additional money into some kind of savings account – why not do so? In order to work out how much you can put by for a rainy day each month, start by assessing your incomings and outgoings. Decide where you can limit your spending and set yourself a realistic saving target.

Managing your finances is all about organisation and making changes when needed. Getting back on track might take time but it can be done with self-control and determination, so how about reviewing your financial situation and see how you can improve it?

Until tomorrow,

Love Froogs



This is a sponsored post however my opinions are my own and I never publish anything I don’t agree with.


6 thoughts on “When is the right time for change?

  1. Hi froogs,
    Just wanted to reply to your post, for many years we have lived the lifestyle, nice cars, caravan, conservatory, etc etc, all financed with loans credit cards and one day I came across your blog and I can truly say you have saved our family!! A light bulb went on and I thought ive had enough of having no money at the end of the month, so for the last two years we have followed your blog and paid everything off!! And boy does it feel good, some months we managed with only 200 pounds a month for food and extras, but we did it, I was so embarrassed that we had got ourselves into this mess I never told anyone, always on the lookout for a reduced bargain for bdays etc so none of our families new any different.
    We now have savings and I love to look at my bank balance and so proud that with your help we have achieved this.
    Ive never posted on here before but always log on to your blog to keep me on track,
    If it seems a long journey ahead believe me you can do it!! We did,
    Keep up your good work, you help so many families with your words of wisdom. Xx


  2. A well written post. I would add that one needs to be proactive at times as well. A toxic work environment negatively impacted my health, I explored my options and met this unexpected challenge head on, coming up with a decisive plan to lessen any impact on my finances.

    I postitioned myself quite well for a transition to a new career. Timing was everything: we were about to relocate to the city, for reasons unrelated to my now former position. I downsized, not that I feel we’ve ever own a lot. I raised over $3000 US, which more than funded the move and covered the costs of moving in incidentals such as cable installation, handyman services, msc household goods to acquire such as a shower curtain, a bath rug. We moved from a 4 bed/2 1/2 bath home on private property, to a 3 bed/3 1/2 bath attached town home built only 10 years ago.. I am hoping that my neighbors on either side will help to keep us warm this Winter. This home also has gas heat vs oil, which should yield energy savings. I have yet to turn on the heat, although the gas fireplace has been run a few nights, just for an hour to get the chill out of the house. I continue to be vigilent about energy costs. My laundry drying on clothes horses attests to this as does the not yet full enough to run washer that awaits tonights additional contributions before being run.

    The move significantly lowered my cost of living expenses and provided opportunities, in addition to job opportunities; there is public transportation, for example, which is not available in our former, more rural community. We are closer to shops, which I have always frequented, as few were in our former town, and those that are there are very expensive. Although I drive a Hybrid (intentional, deliberate choice when it was determined that I needed to replace my car), my fuel costs due to a real drop in commuting, means additional funds in my coffers. The city offers many free recreational opportunities as well.

    I am on a severance offer, earning full salary for 6 months. Since I will be officially retiring at the end of these 6 months, I have guestimated what my retirement income will be. I am now aiming to live as if I was already retired, banking the surplus away. I also have medical insurance, as part of the severance offer, for a full year, which is a real blessing over here. One less initial worry as I transition.

    I am currently earning a certificate at a local, community college. Once I complete some coursework this Fall, and will be certified come Jan for my new field, which hopefully will be a position just down the street at the local hospital. I have polished off my resume, written a cover letter and sent it off. I need any entry level position for 6 months so as to be able to say that I have experience. Besides a close proximity to my rental home, it is on the bus line-great in foul weather, an option to explore should the hospital offer a voucher program to its employees. I am certain that my current, recently refreshed with a few new and new to me pieces, will at least initially, prove to be appropriate work wear, based upon the clothing choices I have seen worn by current staff there. The hospital cafeteria is actually very affordable, should I forget lunch/work late but I still intend to tote a lunch from home, as I have done since attending Kindergarten.

    The plan is for me to continue to work in some capacity until I am able to fully retire from work at age 65, and go on Medicare for my insurance needs. By then, my young adult children will be well established on their own, no longer requiring to be under my insurance plan (eligible until age 26 unless disabled). My future salary will cover ins costs, allow for additional savings to be gained.

    I have always lived cautiously, prepared for the worst, slush/emergency fund tucked away. Decisions are not made light heartedly, but rather are deliberate, pragmatic.


  3. Morning, well it’s the 18th of October and the BBC news has said that the cost of living is officially about to rise, so let us all be proactive stock up,clear out the debts,and learn to be more self sufficient. We owe this to our selves after all it’s winter and there are always storms in winter.


  4. This advice is just coming at the right time. It is clear that we have as a country decided to be a much smaller nation with less financially coming in. It may even be a permanent arrangement and many people are not in the position to be ready for it. I think advice such as yours, Froogs, is so pertinent to encourage and support people to shift their thinking. After all the choice for some will be pay off debts or lose their homes. Giving people information that helps them is much better than scaring them.


  5. I a not sure how it all started, but, I was always scared about having debt. So, the only debt remaining is a mortgage on my little home. Really wanted to pay it down. It is always working as much as I can and to spend within my limits.


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