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Bank charges: More training may improve salary

People on a low income may be able to more easily avoid bank charges by doing extra training, as this may lead to a better salary.

That is according to Yvonne Goodwin, managing director of Yvonne Goodwin Wealth Management, a company offering independent financial advice.

Ms Goodwin claims that there are a number of things people who are on a low income can do in order to better manage their finances.

She said: "They can maybe take on some more training that would help them get a better paid job.

"Again it is matching up income with expenditure and being aware of what you've got coming in and how to make ends meet."

Ms Goodwin also suggested compiling meal plans for the week in order to curb expenditure on food.

Her comments follow a report by the Trades Union Congress, which found that low and median incomes increased by just 27 and 56 per cent in the 30 years up to the recent recession, despite the UK economy more than doubling in size over the same period.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
 ADNFCR-2776-ID-800572085-ADNFCR



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