Seven rules and bill changes hitting your finances in DAYS including Tesco vouchers and roaming fees

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Millions of people are watching their wages drop further after a big bill hike last month – and unfortunately more changes are on the way.

We reveal the next set of changes happening in just a few days to help you prepare your finances.

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Thousands may be unaware that money changes are set to hitcredit: Alamy

Record these dates in your diary to avoid being hit by any unexpected money changes.

Tesco Vouchers Expired

with someone Tesco There are only seven days left to spend the vouchers issued for the first time in May 2020.

All vouchers not spent by 31st May will become invalid and can no longer be used.

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last month, Tesco said there are still £17 million worth of vouchers in customer accounts Which will end next week.

Vouchers can be used to save on food stores online or in-store, or can be swapped online with any of Tesco’s reward partners, such as Pizza Express.

If you swap them with a rewards partner, the value of your voucher increases up to three times.

and with cost of life crisis Due to financial constraints, it is important that families use all the support available to them.

Clubcard vouchers are collected when you scan your membership card at Tesco.

You get one point for every £1 spent – or one point for every £2 on fuel.

One £1.50 voucher is equal to 150 points.

To find your nearest store, use Tesco branch locator online.

Mortgage rates may rise

this month, bank of england (BOE) hike interest rate 1%Meaning mortgage payments is also likely to increase.

Anyone with a convertible or tracker mortgage will feel the effects of higher interest rates first.

TSB confirmed that it will increase rates by 0.25% for homeowners on variable rate mortgages beginning June 1, which is next week.

Going into a fixed rate mortgage can give you certainty on your repayment for a set period of time, and you will be protected from upcoming rate hikes.

Shop around for the best deal or talk to a mortgage broker who can scour the market for you – if you’re on a standard variable rate, it looks like you’ll lose your monthly income if you even get a new deal. You can see a drop in payments.

traffic fines from councils

From 31 May, councils in England and Wales will be empowered Charging drivers for multiple traffic offenses,

Offenses include things like stopping at Yellow Box junctions, illegal turns and driving in cycle lanes.

The new powers would allow authorities to fine motorists up to £70 for these minor offences.

Right now, only the police can enforce these rules, but the Department of Transportation said the increased surveillance would allow for better safety for cyclists, as well as help buses be more punctual.

So be sure to brush up on your driving principle, as £70 will put quite a dent in your pocket.

BNPL will show on credit score

Buy Now Pay Later (BNPL) company, Klarna, allows shoppers to buy items, but delays their payment.

Starting June 1, anyone who uses Klarna to make purchases will have Transactions logged on their credit scoreWhich means lenders can see this lending for the first time.

For responsible borrowers, this can be a positive as it can help you build a better credit score.

But used incorrectly, it can affect your ability to get a mortgage, loan or credit card because providers will be able to see how much you’ve borrowed — and if you haven’t paid it back on time. .

Reconciliation consumer expert Martin James said: “It is unclear whether BNPL loans will improve your credit score, as many lenders may view this as ‘risky’ credit when they examine your file.”

Always make sure you pay on time, and never use BNPL if it means you are going over budget.

Roaming charges refund

Holidaymakers traveling to Europe will soon face charges for using their mobile data with some networks.

Since Britain left the European Union, roaming charges Some network policies have a refund.

While the UK was in the EU, anyone traveling to Europe could use the data, calls and texts in their allowance at no extra charge.

But now some companies are going to start charging customers for using their perks, which means you could end up with a hefty bill.

VOXI’s customers, a vodafone The brand will be affected by additional roaming charges starting this Friday, May 27.

If you want to continue using your mobile plan while traveling on the continent, you will need to purchase a European roaming pass for £2 per day.

Yesterday, Three Mobile also set a roaming fee of £2 per day for customers visiting Europe.

But the fee is only for customers who joined after October 1, 2021, however – if you stayed with three before this date, you’ll avoid costs.

benefit payment

Thousands may be seen in the Queen’s Jubilee Bank Holiday next week Universal Credit and Child Benefit claimants paid early,

The bank holiday is from Thursday 2 June to Friday 3 June.

These long weekends can affect benefit payment dates, such as on Easter when claimants receive cash the day before Good Friday.

If your payment date falls on a bank holiday, you will usually be paid one business day before this date.

So if your payment is due on Thursday, June 2 or Friday, June 3, you can expect to see it on Wednesday, June 1 instead.

If your payment date falls on a normal working day on either side of the long weekend, you will be paid as usual.

Note that your payment amount will be the same, and you don’t need to do anything to get cash first – it will happen automatically.

domestic assistance fund

an additional £500million was pumped in domestic assistance fund In April this year.

Each of the local councils is given a portion of this pot to support vulnerable residents with essential needs that cannot be met.

Sun began providing cash support to some councils this month.

For example, Cornwall Council A one-time payment of £100 to thousands of pensioners, and a one-time payment of £80 per child to families with children.

The new deadline for claiming help such as food vouchers and one-time cash payments is September 2022.

Although some councils have deadlines sooner, depending on when the funding has run out – so it is essential to apply for aid as soon as possible.

Find your local council using Govt. checker tool Online, and visit its website for details of available support.

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