Living within your means in lockdown
Author: Robert McKechnie, Head of Products at Equifax UK
All across the UK, people’s financial circumstances have been negatively impacted due to Covid-19, making it more important than ever to be vigilant when it comes to budgeting and managing credit card expenditure. For many it has been severe - redundancies, jobs losses and significantly reduced income – requiring them to access much needed emergency payment freezes.
While others may be less severely affected, it’s still a very challenging time. Tangible drops in income, due to being furloughed or reduced working hours, may mean they...