There’s the question of whether you (and/or your partner) decide to keep working to think about, along with the cost of buying all the kit the baby needs. It may come as a surprise, but deciding to start a family is a pretty major financial decision □ Sticking with the world of pop for a moment, and a big congratulations are in order for Little Mix’s Leigh-Anne Pinnock and footballer Andre Gray who are expecting their first child! That being said, if we’re to believe Piers’s claims that he’s worth £250 million, then he probably won’t be counting the pennies that much □ He can then switch providers with a few quick taps, and in most cases won’t even have to deal with his old supplier. This will analyse his regular payments and automatically detect when he could get a better deal on his energy bills. To help him with this, Piers might want to try the bill-switching service in the Plum app. This may mean he has to find ways to cut costs on his regular expenses by comparing his household bills and switching suppliers. Piers will now need to start consolidating his savings and calculate how long he can afford to live off them. This will, of course, depend on your existing financial situation and overall personal finance strategy.Īs we’re always saying over at Plum though, it’s never too early to get a head start on your pension.Įven though Alex is only 36, she might want to think about setting up a Self Invested Personal Pension (SIPP), so she can enjoy a gentle kick-about in later life.Īt the opposite end of the spectrum, your budget will need to be adjusted if, like Piers Morgan, you leave your job. If you start a new job and are earning more than you were previously, it’s a good idea to think about where you’re putting that extra cash. Landing a new job presenting the BBC’s ‘A Question of Sport’, means it’s definitely time for former England footballer Alex Scott to give her budget a refresh. Money Maximiser would also move the PM’s cash into a savings account for as long as possible, and provide a weekly flow of funds back to his bank account to cover spending. This would allow him to track his spending in real-time and identify when-and-where he’s overspent, like on wallpaper for instance □️ If you find yourself regularly going into your overdraft, or in Boris’s case having to look for alternative funding sources, then it’s time to give your budget an overhaul.įor the PM, it might be worth checking out Plum’s automated spend manager, Money Maximiser. We’ve heard a lot about the PM’s personal finance struggles recently, but the refurbishment of the Downing Street flat seems like classic overspending. It’s always better to set more aside when you’re flush with cash… before life has a chance to get in the way! They can configure our AI to set aside a lump sum as soon as the divorce settlement comes in □ To set them off in the right direction, they could try out Plum’s Pay Day Saver. While this must be an incredibly difficult time for them emotionally, both Kim and Kanye will have to get used to navigating their finances on their own. We’ve put together a list of celebrities who also, for various reasons, need to switch up their budgets. Whether you’re still debating whether this approach is right for you, or looking for a beginner-friendly starting point, we’re here to help □īut we also thought it was important to let you know that you’re not alone when it comes to crunching the numbers and staying in the black. We’ve put together several handy guides here at The Plum Basket so you can become a budgeting boss. With the unlocking underway, the temptation to spend our hard-earned dough is greater than ever, which can only mean one thing… it’s time to break out the budget! That being said, our pockets might not take the return to normality quite so kindly. The easing of COVID-19 restrictions means we can enjoy a pint down the pub, hit the highstreet for a new post-lockdown outfit, and give each other hugs!
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