Things are getting tough out there. Inflation is at 4.9% (the highest it’s been in 14 years) and energy prices, in particular, have increased dramatically. They are set to increase again in April and, for many families in the UK right now, money is tight! If you have found yourself in an unfortunate situation where there is now less money coming in than what is going out, then you may be considering options for how best to borrow money to tie you over. Indeed, perhaps you have an emergency payment to make, such as a new washing machine or a repair to your car. If you don’t have enough money to pay for such an expense then you will need access to some form of credit.
Most of us have experienced times in life when cash is tight, we Brits refer to this as “being skint”. During such times, there is nothing worse than a large, unexpected bill landing in your lap. Trying to work out how to pay for, say, your car or washing machine to be repaired can be super stressful. Similarly, turning down social opportunities because you don’t have a way to pay for it at that moment can be tough. Trust me, I’ve been there.
Both of these scenarios may lead someone to need to borrow money (aka taking out credit). And many different factors will bear on one’s options in this area, major variables being employment status and credit score.
I created this blog, in part, with a view to make some money from it one day. When a website gains traffic, one simple route to monetisation is simply to display ads. Another popular monetisation strategy is affiliate marketing.