Budget 2016

Paying off a mortgage earlier than planned might not always translate to financial freedom if you don't consider rising fixed costs and unforeseen expenses.

Bill pays £9,681 on two mortgages and donates between £6,454 and £8,068 to charities every month. He called the Dave Ramsey Show for guidance on how to reduce uncontrollable spending as the US couple battles with lifestyle creep.

London officials dog on Mayor Khan for £2 million spent on diversity art amid police budget cuts and rising crime rates.

Robert Kiyosaki believes investing in assets like dividend stocks, real estate, annuities, and loans can offer stable and regular income. He also suggests collecting royalties from the sale of intellectual property for additional income.

UK millionaires are expediting plans to leave the country as fears grow that Labour may announce capital gains tax hikes and an "exit levy" for those leaving.

Ramit Sethi thinks women increasingly earning more than men is threatening their role as providers, driving relationship issues.

The 22-year-old bride had already booked a destination wedding with over 200 guests, assuming her uncle would cover all marriage expenses despite the man clearly saying he would offer some help.

Michelle and Ryan diligently saved for their retirement in their 20s but are unable to control the impulsive spending that compels them to dip into their savings regularly for monthly expenses.

Ramit Sethi explained that the FIRE community can help people live ultra-frugal lives and retire early. However, some drawbacks in the community must be remedied to achieve financial independence goals without drastically downgrading lifestyles.

A Canada-based salesman is struggling with $12,000 in monthly costs, led by over $7,000 in mortgage payments, which is alone 60% of his take-home pay. Experts advise him to sell his cars, house, or rent until his debt is repaid.

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year. The new, higher rates are expected to hike payments by an average of £1,800 annually, raising risks of defaults and more outstanding balances with arrears.

The average UK credit card APR has increased significantly since early 2023 as part of the BoE's broader interest-hike campaign to curb inflation. This has weighed on household budgets as more outstanding debt balances slip into delinquencies.

Clayman notes that sometimes budgeting is less about the consumer's financial situation and more about anticipating that life will be different now.

A recent survey reveals that nearly a quarter of Disney park visitors incur debt from their trips, prompting families to seek more affordable theme park alternatives.

Sora Lee increased her income by ten times in just over a decade. Still, payments on debts and lack of control over discretionary expenses are becoming a drag on her monthly budget.

A couple transformed a shuttle bus into a mobile home, allowing them to travel the country while enjoying the comforts of a self-sustained lifestyle.

The couple wants to provide the best education for their kids and build their dream house, but debts, high fixed costs, and poor habits are making it impossible to achieve.

Shah's budget tracker helps you manage money better on payday with minimal effort so that you control cash flow, reduce fun expenses, and save for the future.

Europe's largest local authority confirmed it had issued the declaration that it cannot balance its books without government intervention.

Prime Minister Rishi Sunak has appointed a new business council that brings the chief executives of major companies into the heart of government to help boost the British economy.

A recent survey reveals that the UK workforce is divided over Jeremy Hunt's Budget announcements, with the CEO of CV-Library stating that "personal finances remain the key driver for the overwhelming majority".

Jobseekers remain optimistic about their job security and career progression prospects, according to the Robert Half Jobs Confidence Index.

Businesses are "on their knees" thanks to energy prices, inflation and the wage crisis, according to Michael Queenan, co-founder and CEO of Nephos Technologies.

A "green economy" and net zero emissions target should be key priorities in next week's Spring Budget announcement, says environmental expert Laura Hoy.

It has been held every year since 1978, and on March 5 specifically for the past two decades, but this year it has been rescheduled to May 22.

Finance minister Rishi Sunak will present the budget in parliament around 1230 GMT.

In Britain, Sajid Javid's resignation sent London's benchmark FTSE 100 index down.

The EU's poorer members, also agreed to fight any move to cut the EU Cohesion Fund reserved for the bloc's weaker economies.

The chancellor said in his Budget speech to parliament that Britain is now "the world's sixth-largest economy".

Policymakers must stop pretending they can fix broken markets with more and more regulation.