Envelope budgeting is a traditional method of budgeting. An individual would get a few envelopes label them eg. rent, groceries etc and place an amount of cash they can afford to spend on that specific category eg. £300 on groceries a month. Every time they go grocery shopping they would take out an amount of […]
Income tax bands explained: a how to guide
Income tax is a direct tax imposed on ones income, this can be earned (eg. income from ones job, this can be on an employed or self employed basis) or unearned income (eg. benefits). The personal allowance This is the amount an individual can earn before paying income tax. As in the 2021/22 tax year, […]
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