Stay on course by keeping track of your finances

Recent news headlines indicate inflation could be set to reach 18% in 2023, meaning the cost of living is set to continue rising rapidly. For many, this will bring a host of difficulties where their personal finances are concerned.

This article is, whilst not constituting financial advice, is ideal for anyone wishing to keep track of their personal or household finances and is designed to help identify where improvements in spending habits can be achieved.

Typically, income and expenditure forms are used by creditors, such as a mortgage company or credit card company to identify a person’s affordability. If you are seeking credit, struggling to pay a debt, tried to extend your credit but were r