Leo M. Marlow's Blog

Will Financial Education Finally Be Compulsory?

Back in February, I wrote a blog post about compulsory financial education in schools[b] , [/b]which spoke about the fact that campaigners were fighting to get education about finances put into schools, to help stop young people from getting into debt.

Well, short term loans website [url=https://www.simplepayday.co.uk/bad-credit-payday-loans/]simplepayday.co.uk[/url] have been trying hard to get this actually into fruition. They organised an online petition to try to get changes made. The petition got to 100,000 signatures which means that under new laws it has to go to debate in the House of Commons. The petition has been looked at and they received a response.

However, disappointingly the Government have responded to it by saying that although it does want young people to be taught about managing their finances, they do not want to commit to compulsory lessons.

The response to Simple Payday by a representative for the Government, said that “Parents can also play a crucial role in helping young people to become financially aware in their day-to-day lives. Schools already use Personal, Social, Health and Economic (PSHE) education as a framework within which to teach young people about personal financial management.”

This is all well and good, but currently PSHE isn’t something which is a compulsory part of the school’s curriculum. Hopefully the Government will start to listen soon and make changes. If not, it could mean that so many more young people are going to be stuck in debt at earlier ages and also making financial decisions which impact them in the future.

[b]Could Your Christmas Debts Last Until 2023? [/b]

Christmas is getting closer and closer and with so many expenses to be covered, it’s no wonder that many consumers are planning to use their credit cards. With so many people struggling to make ends meet, many feel like their only option is to use their flexible friends to help them through the festive period. Not only this, but many will be paying this back using on the minimum repayments due to limited funds.

However, if you do choose to do this method of repayment, then [url=http://www.scotlanddebt.co.uk/news/debt-servicing-costs-forecast-increase-29-2023]according to research[/url], you could find yourself paying of your Christmas 2011 debt for the next 12 years! These figures have been worked out by Moneysupermarket.com, with the idea that if someone has £500 on a card with around 18.12% APR, it could take nearly 12 years to pay off if they make the minimum repayment (normally around 2.5% each month). This is including the interest as well which adds up over the years.

Figures from the [url=https://www.bankofengland.co.uk/]Bank of England[/url] have showed that around £57bn of debt has been created by consumers using credit cards, which is a staggering amount. Experts have recommended that using a credit card isn’t always the ideal option and it’s important to ensure you take on careful budgeting to be able to pay off the inevitable debt that comes along with Christmas.

If you don’t want to use your credit card to make purchases, but don’t quite have the cash to cover Christmas expenses, there is another option.

Why not consider taking out a payday loan? If you don’t know what these are, they are small amounts of cash which you can borrow on a temporary basis. It’s possible to apply to borrow anything from £50 to as much as £1250, depending on your loan provider and monthly salary.

With an online application process which is being constantly upgraded to ensure the fastest service possible, the majority of customers will get their cash on the same day that they apply. It’s also likely that you will be one the many borrowers who will get the loan within one hour. You then simply pay off the loan on the agreed date (which will normally be your next pay day) and that’s it!
[b]
Helping You Pay For Dental Treatment [/b]

New research released has shown that 43% of those surveyed in Britain are choosing not to go to the dentist because they can’t afford to cover the costs. The research which was completed by a healthcare provider called Simplyheath showed that worryingly one in 30 parents admitted that their children have never been to see a dentist because of the expenses. Nearly 40% of the population have admitted taking on extra credit card debt simply to pay for treatment costing over £50

Well, there is another option instead of avoiding getting your teeth checked and that is taking out a payday loan. Payday loans are small amounts of cash which are borrowed for a short amount of time. It’s possible to get loan amounts from a little as £50 to as much as £1250 here through Payday loans, and you simply then pay the cash back (with interest) on your next payday.

The whole application process is online for your convenience and it’s so fast that the majority of customers can have the cash in their account on the same day that they apply. So what are you waiting for? Start your loan application now!

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