Money Stand

It really depends on your situation. If you are still in an early and fledgling relationship then I think that you shouldn’t have to share your debt problems with your partner. It is more about diverting the actual truth rather than lying. If you’re in a long lasting relationship then couples should share debt problems [...]

While we’re all hoping Santa Claus will break into our house and leave us a bounty of presents, there are plenty of other yuletide security-breaches that won’t leave such a warm glow. And despite credit cards getting savvier than ever, they will never be impenetrable. In fact, Wired has shown just how easy it is [...]

The first step is to notice that you have a problem so well down you have completed the first step and hopefully the only way is up! It will take a lot or determination and maybe even some sacrifices however it will be worth it in the end. The second step would be to stop [...]

Bankruptcy should only ever be seen as a last resort. The consequences are serious, affecting the person’s ability to retain their home or earn a living through their own business, for up to 15 years. The increased pressure from being in such a dire long-term situation puts pressure on the person emotionally, effecting personal well-being [...]

Something I frequently read is that an IVA is more flexible than bankruptcy. An IVA will certainly give you a degree of control over what happens in the event of serious financial difficulty. When compared to Bankruptcy, there isn’t anywhere near the same level of intrusion into your life and financial history. You provide your [...]

Two weeks ago I got an email from someone in financial problems asking for specific advice in regards to their relationship. She explained to me that she has been keeping her debt from her partner as they have separate credit cards and asked my advice. I’m very flattered for the email, but would like to [...]

Credit cards are a tricky subject. I don’t want to encourage anyone to spend dangerously on their credit cards or to spend above their means, but I also think it’s good to discuss how to use a credit card in a smart way to actually help control your finances. First of all avoid the worst [...]

It is so easy to get into debt, but not as easy to get out of it. The best solution is of course never getting into debt in the first place. Here’s my advice on how to scrape those pennies together if money’s a bit tight to avoid the debt cycle. The first thing you [...]

Are your money management skills effected by your upbringing? As with anything, the best way to learn — for people of any age — is through hands-on experience; I believe the best way for kids to learn how to manage their own money is by letting them taking control of it. This doesn’t necessarily mean [...]

At MoneyStand, we frequently talk about debt solutions to offer some advice to anyone landing on the blog looking for some support and advice. Judging by UK debt news,  theres been some increases in the amount of people getting IVAs, so this week I’m going to talk about Individual Voluntary Arrangements.  An Individual Voluntary Arrangement, [...]