Modern Money Concerns
General,  Money

Modern money concerns and how to address them


Coming up with ideas that are going boost your monetary situation is so important. The first place to start is by understanding what the modern money concerns are that we are all susceptible to facing, and what can be done to address them. You have to make sure you do as much as possible to come up with ideas that will help you get a better handle on your money. These are some of the biggest modern money concerns you’re going to need to deal with, and ideas to help you deal with them!


There is no doubt you’re going to be facing a lot of bills at some point in your life. This is a fact of life that none of us can get around. In fact, it’s a good bet that a fair amount of your expenses on a monthly basis are taken up with bills. You have to remember that there is a lot to think about in this regard, and doing what you can to trim your bills is so important. Consider switching your energy provider, changing your TV package, and going a little more eco-friendly.

Rising Debt

So many people face the costs of rising debt these days, and this can be crippling. You need to make sure you figure out what you can do to deal with the costs related to this. There are so many things that can affect your debt, and one of the biggest is to kerb your spending. The average Brit has debt of around £8,000, so this is a real concern for a lot of people moving forward. Speaking with a debt management company, and trying to pay off your credit cards as fast as possible is a good approach to take.



Mortgage Payments

Mortgage payments are one of the big necessities in life if you are serious about keeping the house. There are so many expenses we could do without, but, if you are a homeowner, it is crucial to make sure you keep up with mortgage payments as much as possible. This is something you need to make sure you focus on wherever possible and make sure you cut costs in other areas so you can make your mortgage payments each month. You might even consider lowering your payments temporarily until you are in a more comfortable financial position.

Being off Work

Sometimes things happen, and we wind up being off work. Now, this could be due to ill health or some kind of workplace accident that resulted in injury. The fact remains, if you are off work for long enough this can start to adversely affect your finances. So, you need to make sure you take action to deal with this. You should consider filing for compensation for your personal injury. Now, you might be wondering, is there a catch with no win no fee? In some cases, yes, but there are a lot of reputable companies out there where this isn’t an issue, and you are no worse off if your claim is unsuccessful.

Running a Car

A car is seen as a necessity for many, and a luxury for some, but either way it is an expense that can mount up. There are some pretty hefty running costs involved in owning and maintaining a car, and this is something to keep in mind. You will need to think about the costs of fuel, as well as road tax, insurance, maintenance, and MOT. There is a lot to pay for when you own a car, and one of the best ways around this might well be to stop using your car, or at the very least cut down on your usage.

Living Costs

You have to understand that there are going to be living costs as well, and these are unavoidable. This is the cost of things like food, parking, and just everyday things that are a part of life. Now, these are costs that can’t be avoided, but they can certainly be reduced. Try your hand at something like couponing, and do as much as you can to save costs on a daily basis. The more you can do to reduce spending the more money you will be saving, and the more disposable income you will be left with.



Trying to Save

Come up with as many ideas as you can to help you save more money. Trying to save is a big concern for a lot of people, and it can be very difficult to achieve. So, you have to come up with ideas that will help you make more savings and free up more cash. There are a lot of options you can use here, and it is important to think about where you can trim costs, and how you can earn more money on a monthly basis, allowing you to free up more cash.

Taking Holidays

Though they aren’t an essential part of life, holidays are pretty important. You work hard, and there is a lot of stress in modern life, and that means you need to get away once in a while. Holidays are great for detoxing and relaxing, but the problem is that they cost money. So, the thing to do is to come up with ideas that will help you to enjoy a less expensive holiday. You could look for special offers, fly last minute, or travel off-peak if you want to be sure you’re going to get the best possible deal.

Having Kids

Having kids is the dream of a lot of people, but it is easy to overlook how expensive this can be as a venture. So many people have children and fail to recognize how much this is going to affect their finances. Kids cost money, and raising kids can put a strain on the family budget, so this is something to remember. There are a few ways around this, and you might want to think about things like hand-me-downs in order to save you some money.

Insurance Costs

Insurance is a big thing to consider in daily life, and there are a lot of different areas in which insurance is a big deal. This is something that you have to consider in order to protect you and your family in the future. Now, insurance is going to cost money, but you need to make sure you look at how to reduce your insurance costs. There are a lot of premiums that you can get at reduced costs, and this is something to consider. Insurance costs are, in some ways, a necessary evil, so you have to think about the best way of doing this.


Let’s be honest, emergencies happen, and we often can’t legislate for these. But this is why it is important to keep some money aside in order to cover the expenses that emergencies can cause. Whether it is the car breaking down, the roof leaking, or an emergency hospital appointment, you need to make sure you are prepared. Setting aside some money every month or so to help you account for emergencies is actually really important. This is something you need to consider moving forward, and you have to consider how best to do this.


Investments are great for providing financial security in the future, and this is something that is important to keep in mind. There are loads of great investment opportunities these days, so you need to decide what you would like to invest in. This is an important decision to make for the future, and you need to understand that this is going to cost you money. Investment is crucial for the future, and you will need to pay out now in order to make sure you benefit from it later down the line. Think about the sort of investments you would like to make, and how much money you’re going to set aside for them on a monthly basis. It is a good idea to find out about Stock Apps as if used correctly, there really can work to your advantage.

Getting Married

If you are in a loving and committed relationship the odds are you’re going to want to tie the knot at some point in your life. This is so important in terms of lifelong commitment, but you have to understand that weddings are an expense. Having said that, there is no obligation to have a lavish, expensive wedding. You can have a budget ceremony and get married as cheaply as possible, and this is a great way of helping you save money and cut costs.




Modern money concerns plague us all sometimes, and we need to come up with ideas that help us address these and deal with them. It is so important to come up with ideas that will help you to improve your personal finances and sort out these modern money concerns once and for all.

What are your modern money concerns?

Modern Money Concerns And How To Address Them

Award-winning writer, blogger, social media consultant and charity campaigner. Social Media Manager for BritMums, the UK's largest parent blogging network Freelance clients include Firefly Communications and Save the Children UK. Works with brands on marketing projects. Examples include Visit Orlando, Give As You Live, Coca-Cola and Kodak. Cambridge Law graduate with many years experience working across three sectors in advice, media relations, events, training and project management. Available for hire at affordable rates.


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