Category: FINANCIAL DIFFICULTY (Page 1 of 2)

If You are struggling with debt, talk to your creditors and ask for more time to pay or arrange an affordable payment plan in which they freeze interest on loans, credit cards, and overdrafts. No one should make themselves unwell worrying about debt mounting up.

Local Housing Allowance (LHA) is a Major Cause of Homelessness & Suicide

Thu, August 24, 2023 / Andrew Jones

Local Housing Allowance (LHA) is a Major Cause of Homelessness & Suicide

** Disclaimer**

This article is sensitive, caution is advised because the wording ‘Suicide’ & ‘Homelessness’ is mentioned more than once. We have linked suicide help and support links towards the end of this article. If you are in distress you must contact emergency services or go to A&E or ER.

Content:

Understanding Local Housing Allowance (LHA)
The impact on families
Addressing the issue
Why is local housing not in line with the current rates of inflation
Impact on Mental Health & Rise of Suicide?
Rent Increases
Renter Reform Bill
Shelter Recommendations
Final Notes
Health & Wellbeing Useful Links

Homelessness charity Shelter identified the previous LHA freeze until March 2023 as a major cause of more families facing homelessness.

Homelessness is a pressing issue that affects communities worldwide, and families are often among the most vulnerable demographic. In recent years, the role of housing policies in exacerbating family homelessness has come under scrutiny. One significant factor contributing to this crisis is the Local Housing Allowance (LHA) system. While designed to provide financial support to low-income households, the LHA has inadvertently become a major cause of families facing homelessness.

Understanding Local Housing Allowance (LHA)

The Local Housing Allowance is a system used in some countries, including the United Kingdom, to determine the amount of housing benefit or housing support a low-income household is entitled to. Rather than basing this support on actual rent prices, the LHA sets a maximum limit based on local market rents. This fixed cap often fails to reflect the actual cost of housing in high-demand areas, leading to a mismatch between the support provided and the real cost of renting a home.

The Impact on Families

While the intention behind LHA is to offer a safety net for families in need, it frequently falls short due to several key reasons:

1. Soaring Rental Costs: In areas where the demand for housing is high, rental costs can quickly surpass the LHA cap. Families are then forced to choose between spending a significant portion of their income on rent or seeking more affordable housing options, which are often located far from schools, jobs, and essential services.

2. Limited Availability: Affordable rental properties within the LHA cap are often scarce, leaving families with fewer choices. The competition for these properties drives up demand, which can lead to landlords being selective in their choice of tenants, disadvantaging families with low incomes or rental histories that are not ideal.

3. Unpredictable Rent Increases: Even when a family secures housing within the LHA cap, there’s no guarantee that their situation will remain stable. Landlords can raise rents over time, and if these increases exceed the LHA cap, families find themselves struggling to cover the shortfall.

4. Eviction Risk: Families unable to meet their rental obligations due to the gap between LHA and actual rents are at a high risk of eviction. This instability can be especially damaging for children, disrupting their education, social connections, and overall well-being.

5. Increased Reliance on Temporary Accommodation: The failure of LHA to cover housing costs often results in families being placed in temporary accommodation, such as homeless shelters or emergency housing. These arrangements are meant to be short-term solutions but can become prolonged due to the difficulty of finding suitable, affordable housing.

Addressing the Issue

To tackle the issue of family homelessness exacerbated by the Local Housing Allowance system, comprehensive reforms are necessary:

LHA Adjustment: Regularly update the LHA cap to reflect current market rents accurately. This could be based on real-time data rather than relying on periodic adjustments that might lag changing market conditions.
Targeted Support: Implement measures that specifically address the needs of families. This could include allocating additional funds for families with children to cover the higher costs associated with raising a family.
Preventative Strategies: Invest in preventative measures, such as mediation services to help families at risk of eviction negotiate with landlords or programs that provide financial counseling to help families manage their housing costs.
Affordable Housing Initiatives: Increase the availability of genuinely affordable housing units in high-demand areas. This could involve collaborations between government agencies, non-profit organizations, and private developers.
Tenant Rights and Protections: Strengthen tenant rights to ensure families are not unfairly evicted due to rental increases beyond their control.

So why is the government not doing anything about it and why are more and more people developing mental health issues or their mental health deteriorating due to the direct strain of housing and financial difficulties because of greedy landlords and bureaucratic red tape?

Why is local housing not in line with the current rates of inflation and the impact on Mental Health & Suicide?

The Stagnant Local Housing Allowance: A Challenge in the Face of Inflation and Rising Rents

In recent years, the issue of affordable housing has gained significant attention as rental prices continue to climb, making it increasingly difficult for individuals and families to secure suitable accommodation. One crucial lifeline for those struggling to cover housing costs is the local housing allowance (LHA), a welfare payment designed to aid low-income households in affording rental accommodations. However, a growing concern has emerged as local councils have failed to increase the LHA in tandem with the rate of inflation and the surge in rents imposed by landlords.

The local housing allowance is a vital support mechanism that ensures vulnerable individuals and families have access to safe and adequate housing. Its purpose is to bridge the gap between what people can afford and the ever-increasing cost of rental properties. Ideally, the LHA should be adjusted annually to reflect changes in the economy, including inflation and fluctuations in rental prices. However, the reality paints a different picture, with many local councils neglecting to make necessary adjustments.

Several factors contribute to this discrepancy between rising rents and stagnant local housing allowances. One key challenge is the broader economic landscape, which affects the financial resources available to local councils. Budget constraints and competing priorities often force councils to make difficult decisions about where to allocate funds. Unfortunately, the LHA might not always be at the forefront of these discussions, leaving it underfunded and out of touch with the real cost of living.

Furthermore, the dynamics between landlords and tenants play a role in this issue. Landlords, motivated by market demand and seeking higher profits, can raise rents as they see fit. When the local housing allowance fails to keep pace with these increases, it puts vulnerable tenants in an incredibly precarious position. They are left struggling to cover the widening gap between their housing allowance and the actual rental costs, often facing the threat of eviction or homelessness.

The lack of alignment between the local housing allowance and the rising cost of living also has broader societal implications. Families forced to spend an increasing portion of their income on housing may have less money available for other essentials like food, education, healthcare, and transportation. This financial strain can lead to a cycle of poverty, impacting the overall well-being of individuals and communities.

To address this pressing issue, a collaborative effort is required on multiple fronts. Local councils must prioritize the regular review and adjustment of the local housing allowance to ensure it remains relevant to the current economic landscape. Advocacy groups, nonprofits, and social welfare organizations can play a crucial role in raising awareness about the impact of inadequate housing support and putting pressure on policymakers to take action.

Moreover, creating policies that incentivize affordable housing development can help alleviate the pressure on the rental market. This might involve working with landlords to encourage reasonable rent increases, as well as investing in the construction of affordable housing units.

The disparity between the local housing allowance and the rising cost of renting presents a critical challenge for low-income households. To mitigate the effects of this issue, local councils, policymakers, and community stakeholders must collaborate to ensure that the LHA is regularly adjusted to reflect inflation and changes in the rental market. Only through proactive measures can we safeguard the well-being of vulnerable individuals and families, providing them with the opportunity to access safe and stable housing without sacrificing other essential needs.

Impact on Mental Health & Rise of Suicide

An estimated 741 deaths of homeless people in England and Wales were registered in 2021, with a 95% confidence interval of 658 to 824 estimated deaths.

Deaths of homeless people in England and Wales – Office for National Statistics (ons.gov.uk)

NHS

The NHS is already under a lot of strain. Councils and Landlords are causing mental health issues due to increasing rents exponentially.

The NHS is facing a lot of strain because of the influx of mental health disorders due to the cost of living price rises. A report by the NHS Confederation says that mental health services are struggling to meet the demand for support caused by the COVID-19 pandemic and the cost-of-living crisis, which can lead to stress, anxiety, isolation, and low mood. Another report by NHS Providers says that 8 million people in England cannot get specialist help because they are not sick enough to qualify and that the mental health budget needs to increase by at least £2.85bn from next year. The Guardian also reports that the number of patients who have received hospital treatment for mood disorders in England has decreased by a third in five years, due to a shortage of mental health beds. The BMA also highlights that the NHS has been facing years of inadequate planning and chronic under-resourcing, which affects its ability to cope with the pressures.

Can mental health services afford the cost-of-living crisis? | NHS Confederation
Effects of the cost of living crisis and what needs to be done to stop them – NHS Providers
The strain on mental health care leaves 8m people without help, say NHS leaders (Article 12 months old) Strain on mental health care leaves 8m people without help, say NHS leaders | Mental health | The Guardian
Fewer patients treated in England for mood disorders as ‘system creaks under strain’ | Mental health | The Guardian
An NHS under pressure (bma.org.uk)

Even Martin Lewis (MoneySavingExpert.com) has admitted money and mental health do not mix: ‘I’ve had my dark days.’ Why Martin Lewis Knows Mental Illness and money don’t mix | Mental health | The Guardian

Mental Health & Suicide

The Silent Crisis: Mental Health and Suicide Surge Linked to Inadequate Local Housing Allowance

A quiet crisis has been brewing beneath the surface of society, one that is directly tied to the skyrocketing cost of living and the failure of local housing allowances to keep pace with inflation. The harrowing consequences of this issue are becoming increasingly evident, as mental health struggles and suicide rates surge among vulnerable populations who find themselves trapped in a cycle of financial instability and housing insecurity. Alcohol Abuse is on the rise: Alcoholism Symptoms And Warning Signs – Addiction Center

The local housing allowance, a crucial component of the social safety net, was designed to provide a lifeline for low-income individuals and families, ensuring that they have access to affordable housing. However, as the cost of living continues to rise and the gap widens between rental prices and the allowance provided, a growing number of people are finding themselves in untenable situations.

The Cost of Living Crisis: A Ticking Time Bomb for Mental Health

With inflation outpacing the adjustments made to local housing allowances, many individuals relying on these benefits are struggling to make ends meet. The cost of rent, utilities, and basic necessities now often exceeds the financial support they receive, forcing them to choose between paying the bills and putting food on the table. This financial strain is a breeding ground for stress, anxiety, and depression, which can have devastating effects on mental health.

As families are rendered homeless due to the lack of affordable options, feelings of hopelessness and despair escalate. The toll on mental well-being is exacerbated by the sense of helplessness in the face of a seemingly unbreakable cycle of poverty and housing instability.

Rising Suicide Rates: A Disturbing Consequence

Tragically, the inadequacy of local housing allowances and the rise in living costs are not just affecting mental health—they’re also contributing to a surge in suicide rates. The strain of financial hardship, coupled with the emotional toll of housing instability, can push individuals to their breaking point. The feeling of being trapped with no way out can lead to a sense of desperation that is difficult to comprehend for those who haven’t experienced it firsthand.

Researchers and mental health professionals are sounding the alarm about this alarming trend. The connection between economic hardship and mental health struggles, including suicidal ideation, is well-documented. The inability to secure stable, safe housing amplifies these challenges, creating a deeply concerning feedback loop.

A Call to Action

Addressing this crisis requires a multi-faceted approach. First and foremost, there is an urgent need to reevaluate and adjust local housing allowances to be in line with the real costs of living. A dynamic system that takes into account regional variations and inflation rates is essential to ensure that vulnerable individuals and families are adequately supported.

Furthermore, investment in mental health support services is paramount. Providing accessible counseling, therapy, and crisis intervention resources can be a lifeline for those facing the darkest moments of their lives. Financial education and job training programs can also help empower individuals to break free from the cycle of poverty and instability.

The rise of mental health struggles and suicide rates due to the inadequacy of local housing allowances is a pressing issue that demands immediate attention. As a society, we must recognize the intertwined nature of housing, economics, and mental health, and take decisive action to provide relief to those who are suffering. Only through collaborative efforts can we hope to reverse this distressing trend and create a brighter, more stable future for all.

Rent Increases

Many private landlords will be increasing rents in response to the increase in mortgage interest rates. However, there are quite a few who do not realize there is a rent cap and think they can charge what they want. Limit on annual rent increases 2023-24 (from April 2023) – GOV.UK (www.gov.uk)

Such landlords will be made to reimburse the difference of the government guidelines if found guilty. A tenant should dispute their rent with the landlord or agency first before taking further action.

Fewer properties are becoming unavailable to those on low incomes. As a result, households are struggling to pay their housing costs exacerbating the cost of living crisis with many having to go without meals to pay their bills.

Renter Reform Bill

Tenants should be protected from no-fault evictions and according to Polly Neate, chief executive of Shelter, said: “The government is failing renters by stalling on the Renters Reform Bill. For each day that MPs are off on their six-week summer break, another 172 families will be hit with a no-fault eviction notice – giving them just two months to pack up and leave their homes”.

https://cymrumarketing.com/renters-reform-bill-to-abolish-section-21-no-fault-eviction-notices/

Shelter Five Recommendations

Local Housing Allowance (LHA) should be restored to cover at least the cheapest 30% (i.e. bottom third) of local rents. The government should make this a priority measure for tackling the cost of living crisis to avoid a wave of homelessness.
LHA rates should be re-linked to the cost of renting in future years to keep them in line with at least the 30th percentile as the private rental market fluctuates.
The household benefit cap must be abolished or, at the least, its level should be urgently reviewed before the end of 2022 as recommended by the Work and Pensions Select Committee.
The data used to determine LHA should be reviewed, particularly regarding whether The current determination of the 30th percentile is an accurate reflection of the cost of modest homes.
In the longer term, there must be investment in a new generation of social housing, with rents pegged to local income. This is the only truly affordable tenure and is the key to insulating households from future price shocks.

Soaring rents and frozen housing benefit leaves renters facing housing cost crisis | Shelter

Wales’ Housing Crisis: making the LHA work for Wales – Bevan Foundation

Discretionary housing payments – Shelter Cymru

Final Notes

Family homelessness is a complex issue influenced by various factors, including housing policies like the Local Housing Allowance. While the LHA system was designed to provide support to low-income families, its limitations have led to unintended consequences, leaving families vulnerable to homelessness. By reevaluating and reforming the LHA system and implementing supportive policies, societies can work toward ensuring that families have a stable and secure place to call home, fostering healthier communities and brighter futures for all.

It comes as no surprise that the housing crisis is in the news today, that councils are struggling with homelessness but are not increasing the LHA even though they have been funded £1 Billion. Councils struggling to cope with rising levels of homelessness says charity (msn.com)

According to a Government spokesperson said: “We are determined to prevent homelessness before it occurs. Temporary accommodation ensures no family is without a roof over their head, but we have been clear that the use of B&Bs should always be a last resort. “We have given £2 billion over three years to help local authorities tackle homelessness and rough sleeping, targeted to areas where it is needed most. “We are set to spend over £30 billion on housing support this year, on top of significant cost-of-living help worth around £3,300 per household. We’ve also maintained our £1 billion boost to Local Housing Allowance, while our discretionary housing payments provide a safety net for anyone struggling to meet their rent or housing costs.”

Starving Families

It begs the question of how many people including children are starving behind closed doors just so that parents keep a roof over their heads and what is the result for many who suffer mental health issues or whose mental health deteriorates due to the rise of the cost of living, where in many cases is non reversible. According to the Child Poverty Action Group (CPAG), 4.2 million children were living in poverty in the UK in 2021/2022. That is one in three children. Around 350,000 more children were pushed into poverty last year.

Poorest UK families enduring ‘frightening’ collapse in living standards, survey finds | Poverty | The Guardian

What is child poverty? UK statistics in the cost of living crisis – The Big Issue

Unless you have a high-paid job, low-income families or people living alone are unable to survive on one income. For people who have partners, there are in most cases two incomes, but for the person living alone, it is much harder to make ends meet. People who are employed have a guaranteed income whilst self-employed people don’t.

Vulnerable People With Mental health Disabilities

People with mental health disabilities are more susceptible to having their disorders worsen from mounting financial pressure.

Accountability

Where there is blame there is a claim: If the landlord causes you financial hardship and puts obstacles in your way to stop you from earning an income (working from home or running an online business) or causing you emotional distress and your mental health to deteriorate they should be made accountable. https://cymrumarketing.com/understanding-search-engine-business-pages-terms-and-seo/

Nowhere to turn…

Remember wherever there is a problem there is a solution and you should never give up the fight. There are many useful resources not only on our sites but also by simply searching.

It may sound easy to say and give advice, but believe me, I am an advocate for mental health and know firsthand how hard it is when you are faced with depression, hence I document my health online as a form of self-help therapy.

If you feel you have no support try reaching out to some of the organizations listed below and if you feel life is unbearable and you cannot cope call emergency services or visit A&E or ER.

Health & Wellbeing Useful Links

DRUG & ALCOHOL ABUSE

https://www.alcoholics-anonymous.org.uk/
https://rectoryhealthcare.com/
https://rehabsuk.com/
https://www.ihasco.co.uk/ (Training)
https://cks.nice.org.uk/topics/alcohol-problem-drinking/
https://www.helpguide.org/articles/addictions/alcoholism-and-alcohol-abuse.htm
https://www.abbeycarefoundation.com/
https://alcoholchange.org.uk/help-and-support/get-help-now
https://www.drinkaware.co.uk/advice/alcohol-support-services
https://carers.org/caring-for-someone-with-a-specific-condition/alcohol-substance-misuse-and-addiction
https://www.supportline.org.uk/problems/alcohol/
https://al-anonuk.org.uk/
https://www.talktofrank.com/drug/alcohol
www.greenmountaintreatmentcenter.com/alcohol/ (USA)
Addiction & Mental Health Resources | VeteranRehab.org (USA)
https://www.addictiongroup.org/ (USA)
https://www.chaptersrecoverycenter.com/ (USA)
https://firstcityrecoverycenter.com/ (USA)
https://idahorecoverycenter.com/ (USA)
https://orlandotreatmentsolutions.com/ (USA)
https://www.floridarehab.com/alcohol/intolerance/ (USA)
https://www.charlesriverrecovery.com/alcohol-detox/ (USA)
https://www.addictionresource.net/veterans-resources/ (UK & USA)
https://www.addictioncenter.com/ (USA)
Drug Abuse, Addiction, And Homelessness – Rehab Spot (USA)

MENTAL HEALTH SUPPORT

SUICIDE SUPPORT

If you have suicidal thoughts, talk to someone about them. If you do not have any friends or family reach out to the Samaritans on 116 123 For Free. Sometimes talking to a stranger can help you put things into perspective and help you tackle daily challenges. Arrange an appointment with your local doctor and explain how you are feeling. Do not drink alcohol or take recreational drugs as this may make the matter worse. Seek professional help ASAP.

When you are feeling stressed or depressed sit down with a nice cup of tea!

Landord Needing Electrical Saftey Inspections in South Wales (UK)

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Landlords & Tenants Useful Links

https://cymrumarketing.com/landlords-and-tenants-useful-links/

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#lha #localhousingallowance #mentalhealth #depression #emotionaldistress #homelessness #costofliving #rentincreases #rentcaps #reformbill #roguelandlords #emotionaldistress #discrimination #intimidation #depression #suicide #section21notice #eviction #yourrights #renting #landlords #tenants #privatelandlords #finacialdifficulty

Navigating the Cost of Living Crisis: A Guide for Pensioners

Wed, June 28, 2023 / CMJUK

Image Credit: Pixabay

Navigating the Cost of Living Crisis: A Guide for Pensioners

Introduction:

The cost of living crisis is a significant concern for people from all walks of life, but it can be particularly challenging for pensioners. With rising prices, stagnant pensions, and limited income sources, pensioners need to adopt strategies to navigate this challenging financial landscape. In this article, we will explore several practical ways pensioners can survive and even thrive despite the cost of living crisis.

Budgeting and Financial Planning: Budgeting is essential for everyone, but it becomes even more critical during a cost of living crisis. Pensioners should carefully assess their monthly expenses and identify areas where they can make cuts or find more affordable alternatives. Creating a realistic budget will help pensioners prioritize their spending and allocate resources efficiently.
Maximize Benefits and Entitlements: Many pensioners are eligible for various benefits and entitlements, but they often go unclaimed due to a lack of awareness. It is essential to stay informed about available programs and schemes designed specifically for seniors. Governments and charitable organizations often offer assistance with healthcare, housing, utilities, and food. Utilizing these resources can help alleviate financial burdens and provide much-needed support.
Explore Part-time Work or Flexible Employment: While working full-time may not be feasible or desirable for many pensioners, exploring part-time work or flexible employment options can be a viable solution. This can provide additional income to supplement pensions and make it easier to meet rising costs. Consider freelance work, consulting, or even pursuing a hobby or passion that can generate income.
Downsize and Simplify: Many pensioners find themselves living in houses that are too big for their current needs, resulting in high maintenance and utility costs. Downsizing to a smaller, more manageable property can significantly reduce expenses. Furthermore, simplifying one’s lifestyle and decluttering can also help cut down on unnecessary expenses.
Embrace Energy Efficiency: Rising energy costs can have a substantial impact on a pensioner’s budget. Implementing energy-efficient practices and investing in energy-saving appliances can help reduce utility bills. Simple measures such as turning off lights when not in use, insulating homes, and using energy-efficient light bulbs can make a noticeable difference over time.
Seek Out Senior Discounts and Offers: Many businesses offer special discounts and offers for senior citizens. From restaurants and grocery stores to entertainment venues and public transportation, taking advantage of these discounts can result in significant savings. Always inquire about senior rates and keep an eye out for promotional deals designed for pensioners.
Community Support and Shared Resources: Pensioners can benefit greatly from community support networks and shared resources. Joining senior centers, clubs, or social groups can provide opportunities for companionship and shared experiences. Moreover, pooling resources with neighbors or friends can help reduce costs through collective buying or sharing services.

Here’s a list of things pensioners can do to help with the cost of living:

Budget and track expenses: Create a monthly budget to assess income and expenses. Track spending to identify areas where savings can be made.
Maximize pension benefits: Understand all available pension benefits and entitlements. Ensure you are receiving the full amount you are entitled to by staying informed and seeking professional advice if needed.
Take advantage of senior discounts: Many businesses offer discounts exclusively for senior citizens. Utilize these discounts for groceries, dining, entertainment, transportation, and more.
Explore cost-saving healthcare options: Research healthcare plans and insurance options to find the most affordable coverage. Consider switching to generic medications and ask your healthcare provider for cheaper alternatives whenever possible.
Downsize living arrangements: If living in a larger house or apartment is becoming expensive, consider downsizing to a smaller, more manageable property. This can reduce mortgage/rent, maintenance, and utility costs.
Cut unnecessary expenses: Review your expenses and identify non-essential items or services that can be eliminated. For example, cancel unused subscriptions, reduce dining out, and limit unnecessary purchases.
Embrace energy-saving practices: Implement energy-saving measures such as using energy-efficient light bulbs, insulating windows and doors, and turning off lights and appliances when not in use. This can significantly reduce utility bills.
Utilize community resources: Research local community programs, charities, and organizations that offer assistance to seniors. These resources can provide support for housing, transportation, food, and other essential needs.
Consider part-time work or flexible employment: Explore opportunities for part-time work or flexible employment to supplement your pension income. Look for positions that match your skills and interests or consider self-employment in a field you enjoy.
Shop wisely and compare prices: Before making purchases, compare prices from different stores or online retailers. Look for sales, discounts, and promotions to get the best deals.
Cook at home: Preparing meals at home is generally more cost-effective than dining out. Plan your meals, shop for groceries with a list, and cook in batches to save time and money.
Share expenses with others: Consider sharing living arrangements or expenses with a roommate or family member. This can help reduce housing costs, utilities, and other shared expenses.
Take advantage of free or low-cost leisure activities: Look for free or low-cost activities in your community, such as local events, library programs, senior centers, or discounted movie showings. Engaging in these activities can provide entertainment without straining your budget.
Maintain good health: Taking care of your health can help reduce medical expenses in the long run. Maintain a healthy lifestyle by exercising regularly, eating nutritious meals, and getting regular check-ups.
Seek financial advice: If you’re facing significant financial challenges, consider consulting a financial advisor who specializes in retirement planning. They can provide personalized advice based on your specific circumstances.

Conclusion

Remember, everyone’s financial situation is unique, and these suggestions may not apply to everyone. It’s important to assess your own circumstances and make decisions that align with your individual needs and goals.

While the cost of living crisis poses challenges for pensioners, there are practical strategies to navigate through these difficult times. By implementing budgeting techniques, maximizing benefits, exploring part-time work, downsizing, embracing energy efficiency, utilizing senior discounts, and tapping into community support networks, pensioners can mitigate the impact of rising costs and maintain a better quality of life. It is essential for pensioners to remain proactive, stay informed, and adapt to the changing financial landscape to overcome the cost of living crisis.

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#costofliving #costoflivingcrisis #inflation #interestrates #pricerises #pensioners #vulnerable #mentalhealth #pensionerhelp #pensionersupport #communitysupport #networking #socialmedia

How to Save Money and Stay Smart About Business Expenses

Fri, March 10, 2023 / Suzie Wilson / 0 Comments

Written By: Suzie Wilson – HappierHome.net

How to Save Money and Stay Smart About Business Expenses

As a new business owner, it’s easy to get caught up in the day-to-day and lose track of your expenses. Whether you’re spending money on office supplies or hiring new employees, it’s important to be mindful of how much you’re spending. After all, your bottom line is what’s going to keep your business afloat.

Track Your Cash Flow

One of the most crucial things you can do as a business owner is to keep track of your cash flow. This means knowing how much money is coming in and going out on a daily basis.

There are many ways to track your cash flow, including apps, spreadsheets, and even pen and paper. Find whatever system works best for you and stick with it. Doing so will help you avoid overspending and getting into debt.

If your business is experiencing cash flow problems, finding new investors could turn your situation around as long as you proceed with caution. When you bring on new investors, you’re asking them to trust you and your ability to grow the business. You must provide a clear plan for how the money will be used and what the expected return on investment will be.

If you can present a convincing case, new investors can be an excellent way to get your business back on track. They can provide the capital you need to cover daily expenses and invest in new products or services. They can also help you build relationships with other key players in your industry, which can give your business a boost.

Choose Your Business Structure

Establishing a limited company in the United Kingdom enjoys a variety of advantages. Owners have limited liability, meaning they are only responsible for the debts owed by their business up to the value of the shares they hold. In addition, a limited company can pass profits onto shareholders or directors free from any additional tax, providing both financial relief and freedom.

Moreover, setting up as a limited company allows you to register at Companies House in England or Wales and reap the benefits of extensive UK-wide access to local legal and financial services. Ultimately, formulating a limited company is an excellent option for business owners seeking protection from liabilities with the added benefit of lower taxes.

Spend Wisely

In the early stages of running a business, it’s easy to get caught up in the excitement and make impulsive purchases. But you must remember that every pound counts. Before making any big purchases, ask yourself if it’s something that will benefit your business in the long run. If not, it’s probably not worth your money. And when possible, look for second-hand equipment. It can save you a lot of money and still allow you to get all of the furniture and equipment that you need.

Determine Which Tasks To Prioritise

When you’re first starting out, there are a million things that need to be done. But you can’t do everything at once. Determine which tasks are most important and prioritize accordingly. This will help you stay focused and avoid overwhelming yourself (and your employees).

Keep Up With Your Taxes

No one likes doing taxes, but they are a necessary evil of running a business. The sooner you get them done, the better. Procrastinating will only make the process more stressful (not to mention penalties and interest if you owe money). The best way to stay on top of your taxes is to set aside money each month, so you’re not scrambling come tax time.

Use an Invoice Generator

An invoice generator is a great tool for small businesses because it helps you get paid quickly and efficiently. You can customise a premade template with whatever designs and information you want. When customers receive their invoices via email, they can simply click a link to pay online.

This saves you time and hassle by eliminating the need to chase down payments manually. Plus, it’s more convenient for your customers, which will encourage them to do business with you again in the future.

Implement Strategies for Important Cost Savings

Working smart instead of spending blindly is one of the key aspects that separate successful businesses from those that fail. Tracking your cash flow, forming a limited company, knowing when to spend, keeping up with invoices, and following the other tips above will position your company for long-term success! Remember that all the time and energy you invest now will pay off in the long run!

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The Cause Of Price Rises In The UK.

Wed, December 21, 2022 / CMJUK

The Cause Of Price Rises In The UK.

Have you ever wondered why everything is going up in the UK at an alarming rate? Are we led to believe that everything is going up because of Put#ns W#r? (Words are being censored).

The reality is something I have been saying for some time and that is the UK Government is in debt.

Borrowing November just gone was more than double what it was of November 2021.

Interest on government debts stood at £7.3 billion, up £2.4 billion on the same time last year.

Public sector net debt was up to 98.7% of GDP from 98.2% the previous month.

Danni Hewson, AJ Bell financial analyst, commented on the latest public sector finances: “Even in the midst of the pandemic November’s borrowing figures didn’t reach the heights, they’ve reached this year. The government’s simply spending far more than it’s bringing in despite the fact the tax take has increased significantly. One major factor behind the rise in borrowing costs is our old adversary inflation. Interest payments on all that debt have shot up to reach another record high for the month, coming in at more than seven billion pounds, a rise of almost two and a half billion on November 2021“.

Inflation and energy support push government borrowing to record levels

This then has a knock-on effect on the citizens of the UK. When we left the EU, the UK automatically owed trillions in debt.

My argument then and still stands today Brexit was sold on the fact with a lot of people wanted to vote out of the EU because of immigration. But immigration actually boosted the economy because whilst they worked they were paying taxes and buying and shipping abroad. Immigration has now escalated to another level of helping Ukrainians to start new lives whilst escaping their war-torn country.

So my point was would you allow a bunch of strangers to decide what is good for your company/business or would you entrust financial advisors? The same can be said that people who do not have an ounce of common sense let alone political or economic knowledge why were they given a chance to vote on the state of our country?

Everyone that voted out is now left to blame for the mess the UK is in and it’s only going to get worse.

If you do not know what you are talking about do not pretend that you do. By voting, you impact the country in the long run. People should educate themselves before talking about politics or economics and should not be made to vote unless they have passed an IQ test.

UK inflation: Is Brexit causing it to accelerate?

Former Bank of England policymaker Adam Posen insists that 80 percent of the reason why the UK has the highest inflation of any G7 country is due to the impact of Brexit on immigration and the labour market.

UK inflation: Is Brexit causing it to accelerate? – The Irish Times

He warned: “You’ve seen a huge drop in migrant labour, a disruption in labour markets that everybody experienced due to Covid and reopening, but with fundamentally less elasticity… and that [Brexit] has to be a major part of it,” he told a conference at Kings College in London.

Brexit explains 80% of UK inflation – and why it is here for the long run (thelondoneconomic.com)

#costofinflation #pricerises #costofliving #bankofengland #brexit #policymakers #politics #economics #immigration #financialadvisors #IQtests #generalelections #voting #commonsense #interestrates

How To Reduce Your Energy Usage Home & Business

Tue, August 23, 2022 / CMJUK / 2 Comments

How To Reduce Your Energy Usage Home & Business

21 Tips On How To Reduce Your Energy Usage In Your Home & Business

I start this post with the concerning price hikes of energy providers it is predicted by experts that the energy price cap, currently at £1,971 a year, could skyrocket to £6,000 next April.

Energy consultancy Auxilione said the cap is expected to reach £3,576 in October, rising to £4,799 in January, and finally hitting £6,089 in April. Rishi Sunak, has said he would also scrap VAT on energy bills for the next year in a move that would save households around £160 a year.

Poverty Advice.

Now as a consumer £160 is a saving of £13.34 per month which does not sound like much of a saving. ‘Help Is Coming’ To Ease Cost Of Living Pressures, Cabinet Minister Says | HuffPost UK Politics (huffingtonpost.co.uk)

Both leadership rivals Rishi Sunak and Liz Truss who are battling it out to be the next Prime Minister do not know the meaning of the words (Poverty & Depression) They have never experienced poverty for themselves nor their entourage on pen pushers and have never had to worry about how to make ends meet and put food on the table or a keep a roof over their heads.

So it seems ironic that they can dictate to the less well-off their mediocre plans to reduce the cost of living and they will study proposals from the Treasury over how to bring bills down for families. Perhaps if they spent more time with real people living in poverty, instead of owing trillions to the EU over Brexit people would not be suffering.

If I could be Prime Minister I would put a wage cap of £1,000,000 after that any money earned would have to be taxed exponentially.

I would not let anyone vote that did not know anything about economics or politics. The ones that were to vote would have to prove they had qualifications, experience, and an IQ. This is why the UK owe trillions to the EU because they allowed everyone to vote over the age of 18 regardless if they finished their GCSEs or not.

Cost of Living Payment £400 or £650 divided by 12 months works out £33.34 to £52.17 per month. So if bills are going to be predicted at £500 per month from next April how is this tiny offering helping families who may be not in poverty now but will be because of this elaborate game of Monopoly?

Don’t Pay Campaign – I DISAGREE WITH THE CAMPAIGN- (Instead Reduce Your Usage).

Yes I know I will have about 113,000 people disagreeing with me at the time this article has gone to press.

But if you don’t pay you will get into debt because you still owe money regardless.

The ONLY WAY to overcome this is to REDUCE YOUR USAGE so that you do not have to pay so much.

Stopping your direct debits without a payment plan in place will cause your account to go to debt recovery.

Debt collectors put their costs on top of recovering the debt and you will be forced to have a smart meter. How Safe Are Smart Meters For Your Health? | DISABLED ENTREPRENEUR – DISABILITY UK Not only will you get into debt, but it will also damage your credit rating making it difficult to get credit in the future.

There is currently a campaign going on planned for the 1st of October 2022 Don’t Pay (dontpay.uk) to get the consumer to refuse to pay their utility bills and cancel their direct debits.

I disagree with the campaign and I only agree with one thing and that is to stop your Direct Debits and MOVE OVER TO A MONTHLY PAYMENT PLAN ( Magnetic Card or Bank transfer) where you can pay at a post office, bank transfer, or via their websites.

I do NOT agree that everyone should stop paying their bills this will be catastrophic and will cause a domino effect. People will get into debt and will have debt collectors chasing them.

Direct Debits were a way to conveniently pay on time and also save you a bit of money paying via this method, according to British Gas you could save up to 7% off the cost of your energy when you pay by Direct Debit (example – 7% on a bill of £100 you would save £7.00) This will be shown as a discount line on your bill. But if they raise their prices you will not be saving anything and having a Direct Debit allows them the take out more money even if you cannot afford it. Don’t Pay (dontpay.uk)

My Advice.

CONTACT YOUR UTILITY PROVIDERS – and ask them to switch to a magnetic card and pay at a post office or online. Ask them for their bank details if you intend to pay by bank transfer or set up a standing order with your bank where you have control of your bank account.
CANCEL YOUR DIRECT DEBITS ASAP – do not wait until October, but you must change to a payment plan first by contacting your energy provider. They may be insistent you must have a direct debit agreement, do not get intimidated.
REDUCE YOUR USAGE – The less you use the less money they make and their profits will drop. This is the ultimate way to hurt them where it hurts and that is in their pockets.
DO NOT STOP PAYING – continue paying your usual amount.
DO REGULAR METER READINGS – and monitor your usage.
REFUSE SMART METER INSTALLATION – https://disabledentrepreneur.uk/how-safe-are-smart-meters-for-your-health/
IF THEY REFUSE TO PUT YOU ON A PAYMENT PLAN – Write to them with your proposal of what you intend to pay and on what day of the month.
IF YOU HAVE NO PAYMENT PLAN AND HAVE CANCELLED YOUR DIRECT DEBIT – they may demand all the money you owe in one lump sum. Continue paying your usual affordable monthly payment and contact them again but continue reducing your energy consumption, whilst updating them weekly by phone or email. (The calls are recorded). Keep a note of when you made the call and keep a diary of the conversation. This will come in handy when things start to escalate. They will threaten you with debt collection agencies and will add recovery fees on top of what you owe.
IF THEY THREATEN YOU WITH A DEBT COLLECTION AGENCY – report them to OFGEM (The utility & telecommunication ombudsman), I will add their contact detail towards the end of this article.
CONTACT YOUR GP – There is an article in the news if you are unwell because of the way creditors are behaving you should contact your GP and they can write a prescription letter: Brits could get money off their energy bills by getting a PRESCRIPTION from their GP under radical new plans | The Sun (To be honest I do not know how that would work unless you genuinely were diagnosed with a disability. I use my www.disabilityuk.co.uk site to document my health) and encourage anyone facing difficulties to reach out.

MEDIA.

This is what the media are saying about not paying your bills which can land you in heaps of trouble: What is ‘Don’t Pay UK’ and what could happen if you refuse to pay soaring energy bills? | ITV News

How might a mass payment strike impact the energy industry?

Hafez Abdo an associate professor at the University of Nottingham Energy Insitute was quoted as saying “Such action may have detrimental consequences on energy companies and supply chains”.

While acknowledging that non-payment would be a means of expressing anger at “unbearable” energy prices, Mr. Abdo explained that some firms might suffer “a severe hit to their cash inflow and this means these companies would not be able to pay for their liabilities and other operating costs”.

“People may lose their jobs and businesses in the supply chain may go bankrupt”.

So although the prospect of all the CEOs of the utility companies losing their jobs sounds promising, the knock-on effect on everyone else would prove detrimental to the energy industry. I believe if everyone reduced their usage drastically this would hurt the energy provider’s profits.

BREAKING NEWS

It does not surprise me that ‘Amnesty International has just announced in Breaking News that our ‘Human Rights are being taken away from us by the UK government which by coincidence will be in preparation for ‘Civil Unrest/Disobedience’ the ‘Don’t Pay’ Campaign is going to cause. Home | Amnesty International UK

How To Reduce Your Home Energy Consumption.

Reduce Your Energy Usage – Hit Utility Companies Where It Hurts!

As the alarming energy bills rise, we must find ways to dramatically reduce your fuel consumption and monthly costs.

Winter is around the corner and energy bills are at a record high we need to start preparing to combat the problem and that is not to refuse to pay as that will land you in debt.

Obviously, some of the suggestions in the list only apply to homeowners but for people who rent, you have to make do with what you have and your own resources. for example, none of my windows are double glazed and I’ve been in rented accommodation through a private landlord. Therefore the Landlord should be as much to blame as the utility companies for me using more energy to keep my home warm.

1. Invest in Building insulation, roofing solutions, and draught proofing

Winter-proof your home by installing draught-proofing strips around window frames and door edges. Consumer group Which? suggests using a special inflatable balloon designed to block unused open chimneys and silicone-based filler to fill gaps in floorboards and skirting. (Although this applies to homeowners, landlords should also be made to be responsible to keep your home warm).

COST: Diall self-adhesive draught seal, 98p per meter (www.diy.com); chimney balloon, £18.99 (www.amazon.co.uk)’ Osmo gap sealer, £10.27 (www.rawlinspaints.com).

If you are a renter and plan to insulate your home yourself, keep a record/receipts of the items you have bought.

Check for leaks and drafts in your building, your premises won’t be energy efficient. Invest in insulation to cut down your energy consumption by 10%. Ceiling insulation is equally important. It is an essential part that helps keep the warmth in during winter and can cool the property in summer. Loft insulation can keep indoors up to a 10c cooler during the summer (this is a homeowner/landlord problem) – I do not have loft insulation.

Certain roof tiles are better at reflecting the sun’s rays, or you can paint a roof with heat reflective paint. This reduces the amount of heat absorbed during the summer months and puts less pressure on cooling devices.

2. Unplug gadgets

Evaluate your gadgets, and refrain from leaving them on standby, especially if they are old. Unplugging could save £55 a year, according to the Energy Savings Trust. Unplug chargers when they are not in use and turn off your TVs, Computers, and Gaming Consoles.

READ MORE

COST: -Free

3. Swap your lightbulbs

Swap your lightbulbs to LED lightbulbs to save around £180 per year. My landing is usually quite dark living in a top-floor flat and up until the price hikes I used to have my landing light on 24/7 I have now changed my habits and only have it on at night using LED bulbs.

Switch to one of the following:

Compact fluorescent lamps (CFLs)

When possible, replace incandescent lamps with CFLs. Make sure you install compatible dimming technology if there is already a dimming system in place.

T8 (if your office lights use fluorescent T12)

When fluorescent T-12 lamps need replacing you have the option to switch to T-8 lamps and change from magnetic ballast to electronic.

Light-emitting diodes (LEDs)

LED lights are your best choice – they use up to 75% less energy and they last 25 years longer than standard bulbs.

COST: Around £3 per bulb.

4. Defrost Freezer

My fridge freezer is on its way out. In the past, my landlord being the cheap skate always bought second-hand white goods so I replaced the appliance whenever I could afford to. I would much rather wait to buy a brand new fridge freezer than have something that will break every few months.

Your fridge-freezer costs on average £115 to run, but you can cut this down by defrosting food in your fridge to help cool your fridge temperature down. Don’t put hot food in the fridge or freezer. Let it cool down first. Don’t let ice build-up, as this makes freezers less efficient

(This is a problem for me as one of the trays has completely frosted over).

COST – Free

5. Insulate your loft

This is for the homeowner and your landlord to do (but if your landlord does not like to spend money he is not obliged to insulate anything in your home and it is up to you to claim compensation when you leave the property. Keep a record of your costs and how much money you could have saved by obtaining an energy efficiency report. Off the top of my head, they are around £40 but I could be wrong (Do your research). Getting your loft insulated saves up to £ 135 a year according to Which? Make sure it is at least 270mm thick for optimum impact. This will make your loft colder so, at the same time, insulate any water pipes up there. (This is a homeowner/property owner or landlord problem).

COST: Between £400 and £600 according to checkatrade.com, significantly less if you do it yourself.

6. Reflect heat

If you plan to use radiators this winter consider fitting reflector panels behind radiators on uninsulated external walls will keep your room warmer and could save you around £25 a year, said Joanna O’Loan, knowledge manager at the Energy Saving Trust.

COST: £7.59 for 1.88 sq m (www.screwfix.com)

Screwfix has reflector panels for sale for £7.59

I have noticed that gas is costing more than electricity, so this winter I will not be putting my central heating on and will use oil-filled electric radiators Last year for three months straight I would have my central heating on 24/7, my usage is drastically going to change this winter coming. I will only be using the radiators when it is extremely cold. I plan to wear multiple layers of thermal clothing and thermal wear socks in bed. I have an existing issue going on with my gas energy provider so I begrudge giving them any more money than I have to.

7. Heat only what you need

Save hot water by not washing up every five minutes let your dishes pile up (not too much, though), and use a plug in your sink or a washing-up bowl.

COST: Recycled plastic washing-up bowl, £4 (www.johnlewis.com).

Air dry clothes

Hang washing out to dry (or on the radiator in winter) rather than using a power-guzzling tumble dryer. A tumble dryer costs £105 (based on 148 cycles per year) to run. (I have a washer/dryer and wash once a week, so if I wash on average once a week rounded off to 50 cycles will cost about £30 per annum, I have just saved £70 per year).

COST: Free, if you hang out your clothing to air dry.

8. Be savvy with appliance use

Cookers – I wanted to have an electric cooker when I bought the appliance only to find out later that I needed a special connection plug and thought my landlord would moan about the added expense so I settled for Gas, which now is costing an arm and a leg to run. I have reduced my cooking to 10 -12 days a month the rest of the time I have sandwiches, salads, and ready-made meals which can be heated in a microwave. Electric hobs cost £85 per year, versus £60 for an electric oven (based on 135 uses), so theoretically baking is cheaper than cooking on a hob. Consider ready-made meals which you can heat up in a microwave. You can also cook jacket potatoes and other recipes, it does not all have to be ready-made. Microwave Cookbook 365: Enjoy 365 Days With Amazing Microwave Recipes In Your Own Microwave Cookbook!

Dishwashers – cost £55 for 135 uses, and should only be run when full. Use your hands and wash up in the sink.

Kettles – boiled 1,524 times in a year will cost £48. Reduce this by only boiling the amount of water you actually need. I used to drink hot drinks like coffee until I discovered energy drinks so I very rarely use the kettle unless I am boiling water for ramen noodles. There are plenty of alternatives to boiling the kettle every five minutes.

COST: Free.

9. Get smart with tech

Smart Thermostat

Most new versions of combi boilers come with a control that can regulate every room. If you do not have a state-of-the-art combi boiler you can consider investing in a smart thermostat that allows you to operate your heating remotely, so you can adjust it depending on the weather and your plans.

Smart thermostats are must-haves for all homes and businesses. Thanks to innovative mobile and web applications, motion sensors, and usage monitoring features, a smart thermostat can help you regulate the temperature with minimal effort or errors. Some are programmable and can automatically adjust temperature settings based on the time of the day and day of the week.

COST: This depends on what kind of radiator valves you have, but a smart thermostat costs around £225, including installation, according to checkatrade.com.

10. Upgrade your heating

Running your boiler accounts for around half of your energy use. If you’ve got an old boiler you could save around £195 per year by upgrading to an A-rated condensing boiler. (Check out energy grants to help with keeping your home warmer especially if you are vulnerable and have disabilities), even if you are renting your landlord will be over the moon if you are entitled to upgrades.

Turning down the temperature on your combi boiler and in your rooms can cut your gas bill by six to eight percent according to research by the Heating and Hot Water Council. Most boilers are set to provide water to radiators and taps at around 80°C – by turning it down to 70°C to save.

COST: Around £2,000.

11. Choose showers

Showering saves water and also saves money by running a hot bath. The Energy Saving Trust estimates that swapping a weekly bath with a four-minute shower will save £35 per person per year. A water-saving shower head will reduce the amount of hot water you use by adjusting the flow and spray pattern of water.

COST: Hansgrohe Crometta 85 Eco Shower Handset, £32.99 (www.screwfix.com).

12. Microwave on

Cooking in a microwave is the cheaper option especially if you buy ready meals.

There are plenty of cookbooks you can buy where you can cook from scratch: Amazon.co.uk : microwave cook books

Microwaves are cheaper to run than cookers and hobs, said Joanna O’Loan, knowledge manager at the Energy Saving Trust. Use it for anything that is slow to cook, for example, baked potatoes and risotto. Nigella Lawson famously uses her ‘meekro-wav-ay’ to make colcannon while Jamie Oliver has a nifty recipe for a microwaved steamed pudding that would help with insulating your tummy.

COST: Beko 20L Solo Microwave, £64.97 (www.appliancesdirect.co.uk).

13. Fit solar panels

Generating your own power is the most drastic option for energy savers, reducing bills by up to £ 400 per year. (£400 x 24 years =£9,600 would be how much I could have saved had I had solar panels. Solar power was invented in 1839 by French physicist Edmond Becquerel at the tender age of 19. Who Invented Solar Power? The Story of How & Who Discovered Solar Power

Solar panels work best on south-facing roofs, which are not shaded during the day and you will need expert advice to check if your home is suitable, and what kind of panels you will need (start by checking out: https://energysavingtrust.org.uk/).

If you do install solar panels you may be able to export the power you don’t use back to the grid, and get paid for it – the Energy Saving Trust estimates that typical earnings would come in at £80 to £110 per year. On this basis breaking even will take around 14 years, but in the current climate solar panels are turning into a real selling point if you are considering moving home.

Solar panels are a smart long-term strategy to save on energy costs and ensure that the energy used in your business is clean and renewable. Solar panels may have an expensive upfront cost but will recover that over several years. Once installed there are few maintenance issues and they will start to bring down your monthly energy bill.

COST: An average of £6,500 according to www.moneysavingexpert.com.

14. Look for efficiency

Avoid buying second-hand white goods, you will not know for certain how much money you may be wasting. If you intend on buying a new washing machine go for an energy-efficient model to save. Which? the research found that different models running costs vary from £15 per year to £70. Inthewash.com recommends the Haier HW80-B1439N 8kg washing machine for its combination of good value and low energy consumption. I personally would go for a brand I have heard of. My washer/dryer is an Indesit and I pay a monthly breakdown cover which costs me £5.00 per month.

COST: £399 (www.ao.com).

15. Wash at 30°C

Whatever model you have don’t run half-empty machines, wait until you have a full load. Washing clothes at 30°C instead of 40°C can save you around £9 a year.

COST: Free.

16. Go for Double Glazing

Double glazing is a job for homeowners and landlords, switching over from single to A-rated double glazing should save up to £110 per year. (£110 x 24 years = £2,640 that I could have saved over the years had I had double-glazed windows, the flat below me was fitted out but mine never was even though I have the longest tenant). An alternative to double-glazed windows on a budget is:

WINDOW FILM – The number one choice when you’re deciding how to insulate windows, whether you’re planning garage insulation or insulation in a shed, is window film. Made from plastic, window film is easy to apply and comes in a kit that generally includes the film and tape for the window.

BUBBLE WRAP – is a good way to insulate a window if a warmer home is an urgent requirement. We have to admit that it’s not going to help any with the view, though.

USE CAULK – To insulate windows effectively, you may need to use a combination of methods for the best results. So, if you can feel a draft coming through the window before you apply the plastic film, try using caulk to seal the gaps.

HANG INSULATING CURTAINS – Hanging insulating curtains at the window can also help with insulation. This can be a solution you use after caulking and/or weatherstripping, and combined with the use of window film or bubble wrap.

COST: £200 to £700 per window according to doubleglazingnetwork.com

17. Air Conditioning

Planting trees outside of your office building can provide shade and keep the building cool during summer. Trees can also purify the air and create a much healthier home environment for your employees, this will reduce your air conditioning and air cooling costs if you are on a commercial property. Alternatively depending on where your home or business’s premises are located, you should consider covering up the windows with blinds. This stops direct sunlight from entering and heating the building. These can be particularly helpful on south-facing windows.

18. Invest in cogeneration systems

In large facilities, cogeneration energy systems – also known as Combined Heat and Power (CHP) systems – can recover waste heat from on-site generators and transform it into water and space heating.

19. Consider smart design elements

Whether you are a business and looking for premises or you are an architect planning on building a custom commercial property, you should consider energy-smart design elements such as reflective outside mirrors and rooftop green areas.

20. Shut off unused areas of the premises

If your business premises are extensive, consider shutting down a whole area and carrying out the work in just a portion of the building. This won’t just reduce running costs, it can also optimize operations.

21. Avoid buying secondhand

Every time your equipment, machinery, or system breaks down, see it as an opportunity to invest in better, more energy-efficient alternatives. If you have a piece of equipment that breaks down think of the repair costs and whether would it be better to trade in for a newer model rather than trying to fix things? The cheapest option is to buy a breakdown cover that way you will not get charged for callouts or repairs and if they cannot fix it they will replace it. Buying a breakdown cover is better than having to find a large wad of money to buy new equipment. This might seem an unnecessary cost at first, but you will be able to count on more efficient tools that will last longer.

FINAL WORDS FROM THE EDITOR

Be prepared for energy prices to soar to £6,000 from April next year. Start making changes and avoid getting yourself into debt.

I have compiled a list of useful links on my other site. I have also included OFGEM energy and telecommunications ombudsman details, plus many links to financial support & charities. USEFUL LINKS | DISABLED ENTREPRENEUR – DISABILITY UK

ENERGY & UTILITY BILLS SUPPORT

https://britishgasenergytrust.org.uk/ (Help With Utility Bills)

https://britishgasenergytrust.org.uk/fuel-and-money-advice/

https://www.stepchange.org/

https://www.turn2us.org.uk/

Complaints

OFGEM

https://www.ofgem.gov.uk

Contact:

Energy Ombudsman complaints form or call 0330 440 1624

British Gas complaints.

Contacts; https://www.britishgas.co.uk/complaints/make-a-complaint-credit.html

You can do one of the following:

Fill in an online form
Online Chat
Phone: 0333 202 9532
Email Customer Complaints at: customercomplaints@britishgas.co.uk (This fell on deaf ears, just saying).

Remember to keep a log of all phone calls you make, emails you send and ask for copies of transcripts if you are on online chat, and any phone calls you make.

Just beware that ‘British Gas’ online chat says they send out transcripts of your conversations but in reality, they do not so screenshot your conversations.

Do not be intimidated by any of your energy suppliers, they may use bully tactics and tell you the only way you can have a payment plan is if you have a Direct Debit (this actually happened to me so I reported them to the ombudsman) You have every right for them to move you to a magnetic card payment plan whereby you can go to the post office or pay by bank transfer, standing order or online via their websites.

Do cancel your direct debits asap after you have communicated with your energy supplier. If you continue with a Direct Debit you essentially give the energy supplier a license to increase the payments and take money out of your account which you may not be able to cover.

Be in control of your bank account and do not let your bank account control you. Not having enough money to cover your direct debit will incur bank charges of up to £30 which will start getting you in debt.

If you cancel your direct debit without a payment plan in place they will send your account to debt recovery where the debt collectors put a charge for collection on top of your bill. Always communicate with the energy supplier even if it means phoning them every single day.

Finally, reduce your usage (this is super important, have takeaways or ready-made meals or as I do, sandwiches, salads, takeaways or ramen noodles – I have managed to reduce my Gas to £30 pm.

They rely on profits and if everyone used less energy the less money they make!

Poverty & Mental Health.

Sat, April 09, 2022 / CMJUK / 0 Comments

Content:

1. Poverty & Mental Health
2. Mental Health
3. Caring
4. Robbing Peter to Pay Paul
5. Social Experiment
6. Grim Outlook
7. Russian Invasion
8. Depression
9. What is money and how are taxes being spent-
10. Wishful Thinking
11. Suicides
12. Suicidal thoughts
13. The sad truth is people commit suicide because of debt
14. Final Thoughs From The Editor
15. Useful Links – Financial Matters
16. Useful Links – Health Matters

To understand poverty and the consequence of how our monetary system affects mental health, we first have to understand currency and how debt is created. https://marketingagency.cymrumarketing.com/2022/04/09/the-hidden-secrets-of-money/

Mike Maloney – Hidden Secrets of Money.

Advertisement

Poverty & Mental Health.

1. Poverty & Mental Health are on my mind. So I am reading this article: https://londonlovesbusiness.com/chancellors-family-accused-of-sheltering-a-large-part-of-their-income-from-uk-taxes/

I believe there are rules for one and not for the other? Did you know the federal reserve is owned by closely guarded corporations that get rewarded 6% of the world’s currency? (See Mike Maloney – Hidden Secrets of Money). Thus people who have a high net worth are given incentives to keep the economy wheels churning.

https://www.independent.co.uk/news/uk/politics/rishi-sunak-wife-tax-treasury-b2053923.html

Ms. Murty was quoted as saying…

“I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family, for this reason, I will no longer be claiming the remittance basis for tax. This means I will now pay UK tax on an arising basis on all my worldwide income, including dividends and capital gains, wherever in the world that income arises. I do this because I want to, not because the rules require me to.”

(So my question is why has she never voluntarily paid the taxes before and it is only because her husband and herself are in the spotlight that she has changed her tune)? Imagine how the taxes of all NON-DOM could help the poor?

https://www.itv.com/news/2022-04-08/sunaks-wife-akshata-murty-to-pay-uk-tax-on-foreign-earners

This is comment is typically how one would attempt to save face. So why is it that NON-DOM rules exist, it obviously is to protect the rich?

This is one big game of Monopoly and who can have the most real estate and wealth at the expense of the rest of us.

To think 99% of the population wants to not only survive but live a happy life, why is it that the powers that be want to squeeze every last ounce of happiness out of us?

Nobody wants to struggle to pay bills or worry about where the next meal is going to come from. Yet in reality, it is happening.

https://londonlovesbusiness.com/price-of-milk-butter-and-cheese-are-set-to-soar-amid-rise-in-energy-price-cap-cost-of-living-crisis-and-the-war-in-ukraine/ I joked with my daughter that we could raise chicken and the following day it was announced there is going to be a shortage of eggs.

Mental Health.

2. Mental health Statistics show a growing body of evidence, mainly from high-income countries, that there is a strong socioeconomic gradient in mental health, with people of lower socioeconomic status having a higher likelihood of developing and experiencing mental health problems.

https://www.mentalhealth.org.uk/statistics/mental-health-statistics-poverty

Deep Dark Depression

Caring – The powers that be do not care.

3. Caring – People only care if they are directly affected by something or someone. This could be their beliefs in which they would be advocates or for people that they know such as family, friends, and sometimes even co-workers. It is the social connection people have with one another that allows them to show emotion to another person. The only other time people will care is they are on the job and must, i.e. Doctors & Nurses, Firefighters, Care-workers (who are doing good for society as a whole rather than getting personal), or if a person randomly witnesses someone that needs their help like for example if someone was injured or dying. Volunteering is an act of kindness but does not mean necessarily you care about an individual but more so about a cause. https://disabledentrepreneur.uk/category/emotions/ Politicians have to show they care because they would not have a job if they didn’t not only that it would cause a public uproar.

Why People Do Not Care.

I once did a social experiment to get support from my family for my business and not one person bothered sharing or interacting. I drew the conclusion they did not want me to succeed.

People living below the breadline.

4. (Robbing Peter to Pay Paul).

Around 5.2 million people claimed universal credit as of September 2021, a decrease on the record-high six million recorded at the beginning of the year but still a marked increase compared to pre-Covid levels, which were around three million.

Anti-poverty experts welcomed a £20 weekly increase in payments for those claiming universal credit (UC) and working tax credits, introduced by the government at the start of the lockdown last year.

But the government cut payments back to pre-Covid levels at the beginning of October, despite widespread condemnation. That is a deduction of £80 per month and with everything rising including food and fuel costs how on earth is the government expecting people to survive???

If people were struggling before the increase what makes the government think they are not struggling after the decrease?

How many people are at breaking point or have been driven over the edge?

Does the government care that some people are in sheer distress and do know how to manage their money or know-how to survive? Yet the NON-DOMs of this world can get away without paying taxes. If the NON-DOMs did not hoard money just like the millionaires and billionaires and actually had wage caps the world would be a better place.

Social Experiment.

5. Social Experiment – I am always testing how well my articles do and my social media marketing efforts and thought to do a social experiment to see how well I would compete with a high profile person sharing their posts on LinkedIn, obviously I do not have the same amount of followers as this said individual but looking at his previous posts, for me I did not do too bad, in fact, I did better than some posts his entourage had written in the past.

So I have come to the conclusion I can easily be a social media manager for the posts and articles that this individual churns out but I do not get the same income, anywhere near in fact, to what these people get. I am certainly not going to beg or go cap in hand. I am confident though because I did share a post the powers that be zoned in on me, so they will know who I am talking about. Put it this way, he is very high up the ladder with platinum blonde hair and talks Queen’s English. My point is if I can get this article to be seen, I am open to opportunities to be hired for my services. such as content writing and social media management.

Grim Outlook

6. Grim Outlook – Russia is condemning the west and has threatened food shortages because of all the sanctions including exporting wheat. It is being predicted that we will be like Venezuela where families have had to make grim choices to survive. Venezuela has faced what some consider “the Americas’ greatest single humanitarian crisis.” The nation’s economy and the political structure collapsed even though it possesses the world’s largest known petroleum reserves. More than 5 million people fled the country and an estimated 91 percent of those who remain life in poverty. Nearly a third of all Venezuelans—more than 9 million people— are food insecure or malnourished. https://www.dailymail.co.uk/news/article-5449023/Venezuelans-eat-rats-dogs-economy-nosedives.html

“No matter how hungry I am I will not eat our cat”.

Therefore what is the future outcome for the poor who will have difficulty putting food on the table?

How does the government expect people to survive?

I am concerned for the people that will have serious mental health issues because of the powers that be playing God with people’s lives.

Everyone on this planet is here to survive and to be happy. If you take away people’s happiness then you take away people’s reasons for living.

I read all these online websites, white papers, and jargon about suicide but all it is is black pixels on a white background, all these people that go around stating they are experts would be useless and powerless in talking someone out of suicide. It is all noise, smoke, and mirrors.

P#tin is playing God.

7. Russia’s invasion of Ukraine threatens to spark a global food crisis, as simultaneous disruptions to harvests and global fertilizer production are driving up food prices and sending economic shock waves throughout the world.

Russia’s Invasion Unleashes ‘Perfect Storm’ in Global Agriculture

Ukraine still has some 20 million tonnes of wheat and corn left to export from the 2021-22 season that cannot be exported because Russia is blockading ports on the Black Sea and the Sea of Azov, leaving 100 foreign vessels stranded.

https://news.sky.com/story/ukraine-war-why-the-russian-invasion-is-leading-to-global-food-shortages-12572658

Depression.

8. Depression – I will be the first to admit it, I suffer from depression and have done so for many years. I have managed it to the best of my abilities, but occasionally I will have my dark days. I will try to keep myself busy and have a dedicated website that I am the Editor of www.disabilityuk.co.uk which forwards to www.disabledentrepreneur.uk

Whilst writing about this I write with a heavy heart, this is NOT how we are supposed to live and this is not how I am supposed to live.

Do the powers that be, forget that we came to the earth with nothing and we will leave with nothing. So why be Greedy?

The powers that be obviously do not have a conscious.

Will the people that have caused all the atrocities to live fruitful lives or will they come back onto this earth to suffer a fate worse than hell? I believe they will come back to earth and suffer. Have they not thought that Karma can send them to earth to suffer in their next life. Yes, I hear you there will be the ones that do not believe in God or life after death, but what if their belief system was wrong and we are spiritual beings in physical bodies and that when we die we turn into energy or we teleport into different dimensions, (Quantum Entanglement) or worse still come back to earth to suffer another 80/90 years?

Do you think it is a coincidence there is only 1% of the richest people on this planet or is it there is 1% of pure evil? This then shows there are 99% of good people are being treated badly and are maybe only on this planet to be given a second chance and do good for the world. I for one would never want to be categorized be part of the 1% wealthy and would never want that sort of wealth, in fact, I am on the opposite side of the spectrum, yes I want my own home, have a nice car, heal my mind, body, and soul so that I can travel the world whilst I am still on this planet, but other than that I just want to live a happy, peaceful and happy life without any worries.

Money vs Currency

9. What is money and how are taxes being spent- I would love to see how the British taxpayer’s money is used and for what. I would only use w#r in defense not to start them. I would stop making money off the back of poor people to suit my own ends. The British public does not get a say in what happens with our country, it is all decided behind closed doors.

If you look at the Oligarch’s bank accounts that have been frozen and the Russian Banks that have their assets seized how is the P#tin W#ar still being funded? One needs to read between the lines to know what I am saying here. What is going to happen if the debt ceiling collapses or our bank accounts get frozen because they can, what then? What is happening with all the frozen currency and bank accounts where has the currency gone?

The power to vote – would you allow uneducated people to run your business, of course, you wouldn’t, so why do you give uneducated a chance to vote that do not understand the first thing about business, economics, or our monetary system?

Brexit – Furthermore, I could not vote because I was in the hospital on the day we were voting to stay or leave the EU, I wonder how many other people never voted that day? My point is that this tells me the voting was not accurate and the final numbers were decided for us.

The world is a very evil place, and although I do say there are many good people in this world, there are the ones that own the federal reserve that wants to destroy you and take away any prosperity. The scammers, the thieves, and the con artists that give you currency in one hand and take it away with the other. The people that lie in wait so that they can reel you in with the loans and credit cards to watch you suffer later. The financer (Mike Maloney) aptly explained the meaning of currency and said if there was only one dollar in existence and you borrowed it where would you get the second dollar from to payback of the first dollar plus interest?

Wishful Thinking.

10. Wishful Thinking – I wish for this Dictator that caused these atrocities “an eye for an eye and a tooth for a tooth” as it is said in the Bible, Book of Exodus 21:23–27. It is not for me to cast judgment but for God to punish people for what they have done wrong in the world that preys on the vulnerable.

I know the outlook looks grim for most of us but we can learn from this and teach people how to survive and find happiness. (If you find my article insightful please share it).

I have been given an opportunity to motivate, empower, teach and spread awareness. If the powers that be can see how well my articles are viewed they should give me a job. I should be rewarded for the good I do and not be punished by the greedy.

I have lived through my own war and have a battlefield of scars and one day when the time is right I will share my story, but for now I want to focus on what is happening in the world today and get people to notice that the world cannot suffer at the hands of the greedy minority. Too many lives are being lost and people are suffering from mental health and grief.

Suicides.

11. Suicides – I have a question for the wealthy or the powers that be, or the 1%, if everything they owned suddenly was taken away from them and they found it hard to put food on the table and no matter what they said or did never got better but perhaps worse, how would they handle life?

Would they stand in the mirror every day saying “you can do this”? or would they give up the fight?

Not everyone has a strong mind., not everyone knows how to survive and some try to drown their sorrow in alcohol or take recreational drugs, or someone simply just give up?

12. Suicidal Thoughts.

I will admit I have had suicidal thoughts in the past over different life-changing events, but somehow have found the courage to battle on.

I have never forgotten the people that hurt me, tried to cause hardship, criticize me, or humiliate me. I may have forgiven, but never forgotten.

At one point I felt I was in a war zone of my own. I am here today not because of any support workers or from friends or family because the few that knew what happened in my life have not been there for me. I am only starting to tell my story now and I have learned one thing in my life, never rely on anyone and never tell them all your secrets and be careful who you trust or befriend. I am here because I know I am on a mission, but I do sometimes question my strength.

Feeling Suicidal, Suicidal Thoughts.

I am slowly starting to heal. With what is going on with the world I am now thinking that the only thing that is left for me is neuroplasticity, learn it, practice it and teach it. There is too much negativity in the world that suck out all our aspiration and happiness so we need to find a way to conquer and battle on, with positive thoughts. https://disabledentrepreneur.uk/category/neuroplasticity/

13. The Sad Truth & Stories of Suicides Due To Debt.

New research by Money and Mental Health Policy Institute, has found that 2.5million people with mental health problems who fell into debt during a pandemic considered suicide.

https://www.credit-connect.co.uk/news/2-5m-people-with-mental-health-problems-who-fell-into-debt-during-pandemic-considered-suicide/

https://www.huffingtonpost.co.uk/entry/problem-debt-pushing-people-to-consider-suicide-shocking-new-report_uk_5c054239e4b07aec5750f7bd

The sad truth is people commit suicide because of debt.

People who are unhappy, helpless, and scared, cannot cope with the same thing day in and day out and nothing they do to make things better materializes so one day they lose the will to live and the people that suffer after they go are their friends, family, and the cycle continues.

https://www.dailyadvent.com/gb/news/989709f52d5e890ed73969ecdd67f8c1-I-was-suicidal-and-100k-in-debt-after-losing-my-dream-job-on-CBeebies

https://www.business-standard.com/article/pti-stories/debt-ridden-businessman-commits-suicide-113050500228_1.html

https://www.manchestereveningnews.co.uk/news/uk-news/heartache-debt-ridden-dad-who-16625338

https://www.moneysavingexpert.com/team-blog/2019/10/i-ran-up-p1000s-in-debt-while-suffering-from-depression/

https://www.essexlive.news/news/essex-news/speak-up-essex-boys-suicide-2705056

https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/

https://www.independent.co.uk/life-style/health-and-families/suicide-samaritans-mental-health-anxiety-depression-alcohol-drinking-debts-a9660101.html

https://www.dailymail.co.uk/news/article-2242259/Student-Toby-Thorn-killed-just-8-000-debt-wrote-suicide-note-BANK-letter.html

https://www.birminghammail.co.uk/news/uk-news/dads-suicide-note-revealed-plea-14932579

https://www.thesun.co.uk/money/7091971/crippling-debt-drove-our-sons-to-suicide-but-it-could-have-been-prevented/

Final Thoughts.

14. Final Thoughts From The Editor.

The way I see things is if you want to succeed in this world is one of two things, (1) you either have to rub shoulders with the people that matter and offer value or (2) have something that other people can relate to.

I look at these big agencies and the billionaires that own them yet profiling the CEOs they do not have a large social media gathering which makes me wonder what they did to get where they are today considering I am working at the same speed, probably doing the same job with a larger following than them, minus their payrolls?

I am available for content writing hire and social media management.

Content Writing.
Social Media Management

Useful Links

15. Finacial Matters.

Finance Matters Useful Links

16. Health Matters.

Useful Links

I was going to put a paywall on this article similar to what a lot of online newspapers are doing as I would love to campaign and speak on behalf of people on low incomes, but cannot afford to do it alone on my own salary. I know the majority of us are all in the same boat and we are all here to survive. I do have an advantage though I have a platform to put my point across and a large network of connections on LinkedIn connected to some very affluential people so my voice will be heard. I just need some support to be able to campaign further. If you do not want to hire me, please use the affiliate links embedded in the site or spare the equivalent of a cup of coffee for £3.00 this will go towards advertising and marketing costs. My next topic of discussion will be “How To Become A Billionaire”.

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#poverty #mentalhealth #depression #debt #hiddensectretsofmoney #mikemaloney #suicide #suicidalthoughts

Hidden Secrets of Money – Mike Maloney.

Sat, April 09, 2022 / CMJUK / 5 Comments

HIDDEN SECRETS OF MONEY

Michael Maloney is a financial expert, he is the host of the smash-hit video series Hidden Secrets of Money, the author of the bestselling precious metals book Guide to Investing in Gold and Silver.

Mike is one of the world’s most highly regarded investment education companies and a global leader in gold and silver sales.

Mike has traveled the world sharing his knowledge and passion for economics and monetary history with audiences from Silicon Valley to Wall Street, from Hong Kong to Rome.

Mike has researched financial markets, monetary history, and global economics, Mike discovered that the same economic cycles kept repeating over and over throughout history, from ancient times to the modern-day.

Mike is quoted as saying “For 2,400 years as people have lost faith in fiat currencies, they have turned to ‘real money,’ gold and silver,” and “Today the stage is set for a worldwide ‘gold rush’ to the safe haven of precious metals just when supplies of those metals are precariously low. The opportunity for those who position themselves accordingly, ahead of the crowd, is like none we will see again in our lifetimes.”

INVEST IN GOLD AND SILVER, CLICK THE AFFILIATE LINK BELOW TO SIGNUP!

https://youtu.be/y-IemeM-Ado

HIDDEN SECRETS OF MONEY

I have purposely not put these videos in chronological order because you need to watch the first video to get a grasp of what Mike is teaching. Mike teaches us about the money system and what is money and what is currency, yes there is a differences and how the global economy works.

The “Hidden Secrets of Money” videos are easy to understand and the concept of money should be taught in schools. We should all know how money and currency are created and learn about debt ceilings and deficit spending. This is also good for budding economists/financiers contemplating careers in the financial world.

About Mike Maloney.

Mike Maloney is the host of the smash-hit video series, “Hidden Secrets of Money”; former Rich Dad/Poor Dad advisor; author of the best-selling precious metals book.

Final Thoughts From The Editor.

If you see what is happening today with P#tins W#r, with all the sanctions, have you wondered how these people (Oligarchs/P#tin) are trading/living if their bank accounts are frozen?

If you look at the bigger picture w#ar is big business, the production, manufacturing, distribution of artillery, ammunition, staff, and operations, etc. Furthermore, the owners of the Federal Reserve get an annual 6% commission, on our hard-earned sweat and labor, yet no one knows who these people/corporations are because it is a closely guarded secret.

We are pawns in a massive game of monopoly.

We do not know what the future holds, banks have been known to close.

https://www.cymrumarketing.com/high-street-banks-closures-7/

High Street Bank TSB To Close Branches.

What would you do if your bank closed?

I am not an economist, I simply write articles on the financial sector and am an affiliate marketer, affiliated with BullionVault and CashPlus Bank.

“I believe in never keeping all one’s eggs in the same basket”.

“If you found this article useful, please share it with your friends family, and on social media. Let’s help each other build a brighter future”.

“The farther back you can look, the farther likely you will see into the future.”― Winston Churchill

Disclaimer – At Cymru Marketing Journal/UK Website Designers, we are affiliated with BullionVault and CashPlus Bank and may get a commission on each person that buys bullion or sets up a business bank account. If you are a digital marketer or wish to monetize a website/blog/article, just follow the “BuullionVault – Link“ or “CashPlus Bank Business Account” and start advertising these businesses today.

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#goldsilverbullion #debtceiling #fiatmoney #inflation #pricerises #costofliving #rateofinflation #globaleconomy #economy #truthaboutmoney #economists #hiddensecretsofmoney

Must-Know Tips for Navigating Late Payments and Protecting Customer Relationships.

Fri, April 08, 2022 / Ted James / 0 Comments

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Must-Know Tips for Navigating Late Payments and Protecting Customer Relationships.

You love having your own business, but you could do without the occasional customer who misses a payment. As an entrepreneur, you depend on on-time revenues to stay afloat, yet you must also manage your customer relationships with care. It helps to learn how to collect late payments without making customers upset or ruining a professional reputation.

Use Invoicing and Payment Software

Rather than manually handle payments and invoices, business owners can use reputable payment and invoicing software. According to professionals, some benefits of using billing software include creating quick invoices, managing business operations easily, and improving brand identity. Invoicing software also lets you accept various payment options to meet your customers where they are regarding their ability to pay. Software that can authenticate bank account information can increase your payment options. With more payment options, you could increase your chances of receiving prompt compensation.

Use Contracts to Set Clear Payment Expectations

It often helps to get in front of payment issues rather than wait for them to crop up. If your customers sign a contract before you work together, use the document to establish your payment expectations. Specific details to note include due dates and details and late payment conditions and terms. Even if a customer does not pay you on time, you at least allow her or him to understand your expectations and get on the same page.

Offer Incentives for Early Payments

One great way to encourage on-time payments and protect your customer relationships is to incentivize early payments. For instance, you could offer a 2% discount for paying an invoice within 20 days rather than within 30 days. Offering an incentive could also safeguard your supply chain, boost liquidity and keep your stock moving at a steady pace.

Create a Process for Tracking and Chasing Payments

If you use invoicing software, it could make it easy to implement a process for tracking and chasing late bills. Your process could include automated past-due reminders, so you have one less thing to add to your to-do list. You could also establish follow-up points for when invoices remain unpaid after a specific number of days, such as three days overdue and one week overdue.

Make It Quick and Painless for Customers to Pay

One reason for late payments could be customers feel your payment options make it cumbersome for them to settle their accounts. Consider asking your customers their preferred methods for paying their bills, so you may implement them and show your customers you listen to them.

Create a Script in Advance

Rather than communicate off the cuff, create a script for contacting individuals about outstanding payments. The right words and your tone of voice could change a person’s mind for the better or the worse. Another reason to use a script is so you keep your goals and intentions in mind, no matter what the other person says.

Start with a warm tone and a gentle reminder of the past-due amount. If you must escalate your efforts, refer to the contract terms and what happens if the invoice remains unpaid. Endeavor to remain professional and polite, as hostility on either person’s part only worsens the situation.

You must move carefully when navigating late payments, and having the right tips helps you understand which moves to make. By learning how to handle the situation, you make yourself a better and more understanding business owner.

For More Financial Matters Please Visit This Page, Part of Our Sister Site.

#debt #debtrecovery #businessdebt #debtconsolidation, debtfree #debtmanagement #latepayments

Here’s How You Can Get Out of Business Debt.

Tue, April 05, 2022 / Ted James / 0 Comments

Here’s How You Can Get Out of Business Debt.

Written By: Ted James – https://www.tedknowsmoney.com/

A healthy bottom line is integral to the success of any business, and good debt management plays a big role in achieving this goal. As a small business, you may not always have an abundance of funds available for business needs, this is where debt can help fuel your expansion plans, increasing business production, product development, and more. But, facing an excessive debt burden can prove to be a huge challenge that threatens the success and survival of the business. To help keep this burden in check, this article by https://www.tedknowsmoney.com/ explores four effective strategies you can implement starting today.

Review Your Finances

Reviewing your financial statements will provide a clear picture of the strong and weak areas of the business, this can include credit card bills, bank statements, and more dating back at least a year. On review, you’ll identify where you need to curb spending and assets which can be liquidated to increase your repayment capacity.

Next, create a new budget for the coming six months that prioritizes repaying debt, while ensuring you maintain enough cash to afford business expenses. This will provide two benefits – first, each month the debt burden will reduce, second, you’ll protect your business from undertaking additional debt.

If you’re struggling in the budgeting process, consider hiring an accountant who can help review statements, curb expenses, and create a financial plan for the business.

Reduce Expenses

While this is an obvious solution, it’s not the easiest to execute. But, a review of your financial statements will provide clarity regarding areas of business where spending should be curbed.

To further simplify this process, divide your expenses into categories such as:

Essential Expenses: This includes taxes, utilities, rent, salaries, and other expenses which cannot be eliminated. Your new budget will need to have provisions to cover these each month.

Negotiable Expenses: According to the US Chamber of CommerceIf you have good relations with suppliers, try to negotiate an altered repayment schedule. This can include making payments in installments, or a lump sum on a mutually agreed future date.

Beyond these, you’ll have expenses that you will be compelled to reduce, such as selling expensive office space, getting rid of unused assets, or reducing the number of employees. None of these decisions will be easy to make, but they will help repay debt and secure the future of your business.

Consolidate Debt

As reported by Debt.org, debt consolidation is the act of taking a new loan to pay off existing debt. The process is straightforward, you visit a lender and provide the details about all your current debts and business finances. If they approve your request, they’ll undertake the responsibility of repaying your existing creditors. Going forward, you will be liable to pay your new lender the amount equivalent to your debt, but you’ll enjoy lower interest rates and affordable monthly payments.

Debt consolidation does not erase your debt, but it can make repayment easier. Lenders such as banks will often issue secured loans i.e. the loan will need to be backed by an asset such as your home, car, etc. If you choose to utilize this option, invest time towards creating a repayment plan to avoid taking on any additional debt.

Establish an LLC

Running a business as a sole proprietor puts your personal assets and finances in jeopardy as you and the business are considered a single entity. By registering your business as a Limited Liability Company, it will become a separate legal entity, safeguarding you as the owner from business-related debts and liabilities. For instance, with an LLC, a creditor will not be able to seize your home in case of non-repayment and only use business-registered assets.

Additionally, an LLC allows you to use business expenses as tax write-offs which can help save thousands of dollars a year and be used towards debt payments. As LLC requirements differ based on state, it’s best to delegate this task to a formation service.

Through these strategies, you’ll gain greater control over business debt, resulting in inefficient utilization of resources, healthier cash flow, and securing the long-term success of the business.

#businessdebt #financialdifficulty #financialproblems #debtfree

Financial Difficulty Part (3)

Thu, March 03, 2022 / CMJUK / 2 Comments

THIS DOMAIN NAME IS FOR SALE AND WOULD IDEALLY SUIT A DEBT RECOVERY OR CONSOLIDATION COMPANY!

Disclaimer: Some of my words and the video are being censored and so I have put hashtags in place to the letters, hence why I have had problems publishing this post.

Introduction to our guide on ‘Financial Difficulty’ and what we have included at Glance (Part 3).

(W### Makes Money and The Truth About The Money System).

Financial Difficulty Links.
Monthy Financial Planner (Free PDF Download).
Mental Health Links. (Depression, Emotional Destress, Stress, Anxiety, Panic Attacks, Grief, Suicidal Thoughts).
Poverty Defined.
Poor Credit Score.
Cashplus Bank, open an account (no credit checks).
Final Thoughts From The Editor.

1. FINANCIAL DIFFICULTY.

If you are struggling with finances do not brush them under the carpet, it will never go away and will only get worse. Interest grows every day if you do not stop it.

Talk to your creditors, they are after all still human although that may change in the future (AI Robots). Just take note. does your bank account control you or do you control your bank account?

If you are not good at talking over the phone, write your creditors an email or letter.

(I will try to provide a link for debt consolidation soon).

2. MONTHLY FINANCIAL FORECAST TEMPLATE

MONTHY-FORECAST-FORM-TO-EDIT-WORD-DOC

3. MENTAL HEALTH

These price hikes will inevitably cause people to have mental health issues, such as depression, anxiety, intrusive thoughts, emotional distress and may even lead to an increase in suicides. It may also cause people to turn to alcohol or recreational drugs to numb the problems they may have.

If you are worried about money, talk with your creditors you can come to some arrangement with them, after all, they would much rather get a payment than no payment at all.

You should NOT get yourself so worked up that you make yourself unwell.

If you feel you cannot cope talk to your local general practitioner doctor (GP).

Talk with a friend, neighbor, or family member. If you feel you have no one to talk to, reach out to the organizations I have listed in the link below. Here are some useful links if you have mental health issues or need to talk to someone: https://disabledentrepreneur.uk/useful-links/

Check out the following links if you suffer from any of the following:

Depression

Emotional Distress

Stress

Anxiety

Panic Attacks

Grief

Suicidal Thoughts

4. POVERTY DEFINED

The poverty threshold is defined as 60% of the median equivalent household income, with any household under this figure being described as “in poverty”.

In 2018/19 the poverty line for a single person was £147 a week, whereas for a couple with two young children it was £354.

5. POOR CREDIT SCORE!

OPENING A BANK ACCOUNT – (100% guaranteed approval once verified, there are no credit checks).

If you have a poor credit rating or are finding it hard to open a high street bank account, look no further, Cashplus Bank will help you, with no questions asked, they also have a credit builder.

6. CASH PLUS BANK

Product – Freedom: No Monthly Fees

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Product – Activeplus: £5.95 Monthly Fee Consumer Product

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Product – Deluxe: £9.95 Monthly Fee Consumer Product

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Product – Business: £69 Annual Fee (First Year Free) Business Product

Visit Here To Open An Account.

All products are designed to be faster, simpler, and smarter. Whether customers are looking for Personal or Business Banking services, we offer real-time services to help them manage their money 24/7 through our mobile app. We give 100% guaranteed approval once verified, there are no credit checks, applications can be completed in less than 5 minutes, and the customer gets instant access to a sort code and account number.

Customers also have access to the largest ‘over the counter’ banking network in the UK, through the Post Office, and can rest easy in the knowledge that Cashplus is fully authorized and regulated by the FCA, Prudential Regulation Authority and FSCS protected.

7. FINAL THOUGHTS FROM THE EDITOR

Nothing is so bad that cannot be resolved.

No matter what situation you are in, for example, if you are a business owner and the walls seem to be closing in with the mountain of debt from loans, etc, do consider consolidating your debts. The same goes if you are on a low income or unemployed, no one should be in a situation where they feel there is no way out.

If you think your utility prices are high do consider switching to another provider.

I have included two sites below for you to check out:

Your credit rating may not be great so consider opening an account with Cashplus Bank (They do not do credit checks and they also have Business Accounts).

Whatever your financial circumstances there are professional financial advisors that can steer you in the right direction. Did you know that Poverty increases the risk of mental illnesses, including schizophrenia, depression, anxiety, and substance addiction? Below is a PDF about Mental Health for further reading or alternatively visit our site.

Poverty-and-Mental-Health

You are not alone, there are millions of people in the same boat and some may not know what to do.

“With so much uncertainty both globally and here in the UK the situation doesn’t look like it will ease for home buyers anytime soon and looks very grim. We now need to get ourselves prepared for the rough storm ahead”.

To find out more about managing your money and getting free debt advice visit, MoneyHelper, an independent service set up by the Government to help people manage their money.

If you found this article helpful, please take a minute to share this with your friends, family, colleagues, and acquaintances that in turn will share with their connections and will help to spread awareness.

Financial Difficulty Part (1)

Financial Difficulty Part (2)

#financialdifficulty #financialproblems #debt #consolidation #debtconsolidation #debtfree #creditcards #loans #switchutilities #utilityproviders #compareutilities #poverty #mentalhealthandpoverty #greed #inflation #pricerises #costofliving #rateofinflation #globaleconomy #economy #petrolprices #foodprices #truthaboutmoney

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Local Housing Allowance (LHA) is a Major Cause of Homelessness & Suicide

Content:

Homelessness charity Shelter identified the previous LHA freeze until March 2023 as a major cause of more families facing homelessness.

Understanding Local Housing Allowance (LHA)

The Impact on Families

Why is local housing not in line with the current rates of inflation and the impact on Mental Health & Suicide?

The Stagnant Local Housing Allowance: A Challenge in the Face of Inflation and Rising Rents

Impact on Mental Health & Rise of Suicide

NHS

Mental Health & Suicide

The Silent Crisis: Mental Health and Suicide Surge Linked to Inadequate Local Housing Allowance

The Cost of Living Crisis: A Ticking Time Bomb for Mental Health

Rising Suicide Rates: A Disturbing Consequence

A Call to Action

Rent Increases

Renter Reform Bill

Shelter Five Recommendations

Final Notes

Health & Wellbeing Useful Links

DRUG & ALCOHOL ABUSE

MENTAL HEALTH SUPPORT

SUICIDE SUPPORT

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When you are feeling stressed or depressed sit down with a nice cup of tea!

Landord Needing Electrical Saftey Inspections in South Wales (UK)

Landlords & Tenants Useful Links

If you have a story you would like to share or would like us to write for you, please contact us using the form below:

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Navigating the Cost of Living Crisis: A Guide for Pensioners

Introduction:

Here’s a list of things pensioners can do to help with the cost of living:

Conclusion

Further Reading

Contact Us Today!

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How to Save Money and Stay Smart About Business Expenses

Track Your Cash Flow

Choose Your Business Structure

Spend Wisely

Determine Which Tasks To Prioritise

Keep Up With Your Taxes

Use an Invoice Generator

Implement Strategies for Important Cost Savings

The Cause Of Price Rises In The UK.

UK inflation: Is Brexit causing it to accelerate?

How To Reduce Your Energy Usage Home & Business

21 Tips On How To Reduce Your Energy Usage In Your Home & Business

Poverty Advice.

Don’t Pay Campaign – I DISAGREE WITH THE CAMPAIGN- (Instead Reduce Your Usage).

My Advice.

MEDIA.

BREAKING NEWS

How To Reduce Your Home Energy Consumption.

Reduce Your Energy Usage – Hit Utility Companies Where It Hurts!

1. Invest in Building insulation, roofing solutions, and draught proofing

2. Unplug gadgets

3. Swap your lightbulbs

4. Defrost Freezer

5. Insulate your loft

6. Reflect heat

7. Heat only what you need

8. Be savvy with appliance use

9. Get smart with tech

10. Upgrade your heating

11. Choose showers

12. Microwave on

13. Fit solar panels

14. Look for efficiency

15. Wash at 30°C

16. Go for Double Glazing

17. Air Conditioning

18. Invest in cogeneration systems

19. Consider smart design elements

20. Shut off unused areas of the premises

21. Avoid buying secondhand

FURTHER READING

FINAL WORDS FROM THE EDITOR

Complaints

OFGEM

Here’s How You Can Get Out of Business Debt.