Doing my job I often get asked if I have a credit card and get astonished looks when I say yes. Credit itself isn’t bad, indeed the ability to get credit enables us to mortgage a home, buy a car, and even offers protection for big purchases.  You just need to understand how you see money and work how to best use money and credit to meet your needs effectively.  Not all debt is bad just problem debts! 

I have a separate bill; savings and ‘lush’ accounts which I use for day-to-day purchases including a little treat every now and again. This helps me manage better. These are often called ‘jam jar’ accounts, but it keeps me on track and I keep a regular eye on all my outgoings to ensure I spend within my limits. I also pay as much as I can to reduce any credit card balances to reduce the amount of interest I pay.  

Others set all Direct Debits up for the same date each month so they know what is left after this date is theirs and others use family to keep hold of savings and emergency funds to help in a crisis. 

However you manage your budget, the first step is to be aware of what your budget is, what you must pay, and what you have free to spend. None of us have a money tree so we may need to borrow or save. Breaking down the taboos to talk about money helps take back control over finances and you may see a way you can manage better!

Find out more about how to talk to yourself about money at: https://www.moneyhelper.org.uk/en/family-and-care/talk-money/talking-about-money-to-yourself.