The BBC Needs You!

 

The BBC and Curve Media are looking for people to take part in a new TV programme.

We are working closely with the BBC and Curve Media on a new uplifting television series that highlights the important work carried out by credit unions like ourselves up and down the country.

The programme will follow our work in helping people like you find loans that have enriched or changed your lives. If you’ve taken out a loan with us in the past and wish to share your positive experiences, the BBC would be delighted to hear from you.

Perhaps you took out a loan to fund essential home improvements, to pay for a much-needed holiday, an unexpected repair bill, or paying-off other high-cost loans? Or maybe your reasons were altogether more personal. Whatever your motivation, they’d like to hear your story.

If you are interested in taking part, please send all your contact details and a brief description of the reasons for your loans to the following email: lifeanddebt@curvemedia.com. Or you can call the Curve Media team on 07391 218169. Don’t worry about the cost – they’ll call you right back. Or if you prefer, you can speak to us here and we can put you in touch.

Thank you for your time.

Categories: LATEST NEWS.

Planning for the Year Ahead

Last month we talked about getting to grips with your income and expenditure so that you can set some financial goals for 2017. This month we are focusing on planning for the year ahead.

 

What is Important to You?

 

Everyone has one thing that is most important to them and that seems to take priority over everything else. Sometimes this can be family, money or career. Ask yourself that question – what is most important to me? When you know what’s most important to you, planning for the year ahead is easier.

 

Prioritise when Planning for the Year Ahead

 

We will all have several things that we want to plan for in a year but be realistic. There is no point in thinking you want to have a holiday, move house, buy a new car, change jobs and go visit the relatives in Australia! That’s just too much to plan for in terms of managing your finances. Pick just two or three things you would like to plan for this year and work on those. You can start saving for each thing, adding more to the savings pot for the most expensive.

 

Saving vs Borrowing

 

Sometimes it might be necessary to borrow as well as save. When planning for the year ahead, figure out how much you will need to save each week or month and then work towards it.

 

If you find that there is no way you can save the whole amount, you might want to look into borrowing too. Talk to us here at Nottingham Credit Union about how we can help. Saving and borrowing at the same time means you become better overall at managing your money.

 

Don’t Give Up!

 

Things don’t always go according to plan. Sometimes you might allocate yourself £25 a week to save but something unexpected pops up that means you simply cannot save for that week. Don’t give up, you can continue on the week after, or add more to your savings pot another week when you have more money for example.

 

Live

 

Most of all remember we only get one life and it is meant for living. Try to get the most out of your budget and your time so that you are ultimately spending more time with your family and what is most important to you.

 

Categories: BLOG.

How to change your thoughts around money to be a better saver

 

Have you ever heard people say, or said it to yourself, that you’ll start saving when you have more money?

Money Mindset

Although saving is very much an action and something we actually do, what must take place first is having the mindset to save. It is easier to save up for something and am sure you have done it – like saving for a holiday or a new car, new furniture or appliances or for Christmas, but saving regularly just for saving is one of the best things you can do. Not only do you give yourself financial security; having money to fall back on if you need it, but you start to manage your money better too. When you get the balance right between saving and borrowing you will find that your financial situation just seems to improve!

Money is just Paper

If you think about money itself, it’s just paper. Yes it has a value in terms of what the Bank of England says that paper is worth, but if you just take a bank note at the end of the day it is just paper.

What makes money so hard or easy to come by is actually not what we do for it, that comes after, but more about how we think about it and you’ll be surprised what we actually think about ourselves and how much value we place on ourselves is actually reflected in the amount of money we have on a regular basis.

This might all seem difficult to understand, so let’s just take it step by step and explain what we mean by that.

Value

The value of anything really is what it is worth to us. Someone might think a car costing £100,000 is of great value but someone who doesn’t have a car and pays £1000 for one will place more value on that because of their need and desire around it. The same approach applies to anything and it’s an individual thing. Although everything we can buy has a monetary value i.e. a loaf of bread will cost us a £1 and so on, it is truly what something means to us that creates the value.

If you think about your own situation and just look at what money you have, take a step back from that and then think about how much value you place on yourself. Do you think you offer a lot to your job, your partner. Do you really value yourself? This can be tricky questioniing because it is hard to try and look at ourselves from the outside in like this. Try to be honest with yourself. You will find most likely that the value (what we think and feel) about ourselves is mirrored in our financial situation and how much money we do or do not have.

What’s the Answer then?

Unfortunately, we do not have a magic wand but what we do know to be true is that if you start to value yourself more you will find that you value other things around you too and your money situation starts to improve. On a day to day level start being grateful for the money you do have. Value what you do buy and what you do with your money. Be grateful for the bills you pay and for the things your money does buy and ultimately value it so much so that you actually keep some!

Value the money enough to give some to yourself by way of regular saving. It doesn’t have to break your bank, just enough to start a small pot that will build over time. You can set this up to go out weekly or monthly, depending on how you are paid. If you put this into your Nottingham Credit Union account you will find that it is easier to save because you won’t be accessing the money regularly.

Understand Value

So really we are suggesting you start to value yourself more and value the money you do have. Start to change your thoughts around money and you will find that you become a better saver!

Good luck!

Categories: BLOG.