Living on a Tight Budget? Payday advance could help

April 6, 2011 at 1:00 PM Leave a comment

Latest budget changes are likely to affect
most Brits, with the average income per household about to decrease by 200 pounds.
According to the institute for fiscal studies, changes to welfare and tax benefits beginning April this year are the reason that incomes will be 200 pounds less on average.
Credit Action stated that there is a drop in the higher rate income tax threshold. Consequently, 750,000 individuals will begin paying tax at forty percent.

Childcare benefits are about to be frozen until 2014, national insurance contributions by employees will grow from eleven to twelve percent,
and a reduction in the entitlement for child tax credit is also expected.
With both benefit cuts and rise in taxes, on average households will have 200 pounds less than in the previous. Add that to further job losses and higher cost of everyday living expenses, and you have a recipe for a very tight budget per household.

Budget concerns

Uswitch conducted a study showing that 4 out of 10 Brits are not feeling confident about their financial state. The reason was found to be the British Chancellor’s latest budget announcement.
The research revealed that one in four people do not feel confident about Great Britain’s financial state. In fact, nearly 40 percent feel they are financially worse off after the recent budget announcement for 2011.
If you feel stressed out financially, check “payday bank” and “my payday” to find out how you can effectively solve short term financial issues.


Entry filed under: Finance, Loans. Tags: , .

A quick payday advance can help personal finances Payday Advance Helps Cope With Rise In Living Costs

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