Self-employed without access to the COVID-19 grant?
Updated: May 8
Sound like you? Yep. Me too. 🤙 This week Hargreaves Lansdown commissioned me to write about money-saving tips, exactly for people like us.
If you don't have time to read the full article, here are my 5 tips to help you squeeze some extra cash out of what you already have:
Reach out to your creditors - the FCA rules have changed, you may be able to get free overdrafts or suspend credit cards and loans for a bit.
Chase down outstanding invoices - A bit obvious maybe, but I had to say it. I've got more about how to follow up invoices and take someone to a small claims court for non-payment here.
Double check your accounts - working from home means that you may be able to expense some household bills and other things
Cut down your spending - Another obvious but fair point, a glance through your direct debits and having a spring clean could save a wad of cash every month.
Look where you can free up cash - Ok, so you need to break into your savings. But where should you go first?