Finance Assist: Accounting, Tuition & Personal Finances

Finance Assist: Accounting, Tuition & Personal Finances I'm Patra - Accountant, Tutor & Personal Finance Coach

My Tutoring page: Level Up Maths Tutoring

12/06/2026

💬 Struggling with debt? You don’t have to face it alone.

Christians Against Poverty (CAP) offers free, confidential help to people dealing with unmanageable debt.

✅ Friendly support
✅ Practical steps to become debt-free
✅ Completely free and open to everyone

There is a way out — and CAP can help you find it.
👉 Find out more by googling CAP debt help and you'll find their website.

05/06/2026

💡 "Do not save what is left after spending, but spend what is left after saving." — Warren Buffett

This simple shift in mindset can completely change your finances.
Instead of saving whatever’s left, try saving first and setting a spending limit — even a small amount adds up over time.

💷 Save first. Spend second. Your future self will thank you!

29/05/2026

That moment you check your bank account after a “treat yourself” weekend… 😅💸

Wallet: empty
Me: confused
Bank: laughing
Regret: loading…

We’ve all been there 😂
Time to get back on track with the budget… maybe after payday?

A budget is a simple plan for your money.

It shows:
💷 How much money is coming in (like your income)
💸 How much money is going out (like bills, food, fun)

A budget helps you:
✅ Not run out of money
✅ Save for things you want
✅ Avoid overspending

It's like giving every pound a job!

22/05/2026



Living in the UK isn’t cheap – but cutting back doesn’t have to mean going without. Small changes can make a big difference.

🔥 Cut down on:

Takeaways – cook at home more often.

Subscriptions – cancel ones you don’t use (gym, apps, streaming).

Impulse buys – wait 24 hours before buying non-essentials.

🔥 Cut back on:

Electricity – use energy-saving bulbs.

Travel – walk, cycle, or car share when you can.

Weekly shops – plan meals and stick to a list to avoid waste.

Even saving £5–10 a day adds up to hundreds a month!

Start small, stay consistent, and watch your savings grow.

It really works! I've checked it out myself!

15/05/2026

📢 Payments on Account

If you’re a sole trader in the UK and submitting your tax return for the first time, you need to watch out for Payments on Account (POA).

▶️ What Are Payments on Account (POA)?

HMRC asks you to pay tax in advance for the next tax year if your bill is over £1,000.

It’s split into two payments: January 31st and July 31st, each 50% of your previous year’s tax bill.

This can be a shock if you’re not prepared!

🔽 How Much Should You Save?

If you're a basic rate taxpayer (20%), setting aside 30-35% of your income is a safer bet. This covers:

Income Tax (20%)

Class 4 National Insurance (6%)

A cushion for Payments on Account

🔥Exception: You don't have to make POAs if your tax bill is lower than £1000 or you pay at least 80% of your tax through PAYE (refers to employment).

08/05/2026

Got self-employment income? Don’t forget the tax! 💰🧾

📌 When you get paid, it’s not all yours — a chunk will go to HMRC.
Make life easier by setting money aside as you go.

Top tip: Use your banking app to create a “tax pot”.

Every time you get paid, move around 20–30% into that pot. That way, when your tax bill comes, you’re ready - no panic, no stress.

It’s a small habit that saves BIG headaches later.

01/05/2026

Do you earn rental income in the UK? 🏠💷

If so, it’s really important to get your taxes right — and that means knowing what expenses you can claim back.

Here are some common things landlords can claim for:
✔️ Letting agent fees
✔️ Repairs and maintenance (e.g. fixing a leaky tap)
✔️ Landlord insurance
✔️ Cleaning costs between tenants
✔️ Accountancy fees
✔️ Mileage or travel to the property
✔️ Phone calls and stationery related to your rental

But not everything counts — things like improvements (e.g. a brand new kitchen) usually aren’t allowed.

Tax rules can be tricky so it's advisable to do your research.

24/04/2026



▶️ Ever wonder where your money goes?

Try this: for one week, write down everything you spend. Literally everything — that £4 coffee, the £3.60 bus fare, even the cheeky takeaway on Friday night.

It might seem small at the time, but it all adds up.
Tracking your spending helps you spot where your money's going and where you could save a bit.

🔍 Give it a go — grab a notebook or use your phone. Just for a week. You might be surprised!

18/04/2026

💼 Thinking About Your Future? Let's Talk SIPP Pensions! 💡

A SIPP (Self-Invested Personal Pension) is a flexible way to save for retirement in the UK. Unlike traditional workplace pensions, you get to choose where your money is invested! 📊

🔎 Why consider a SIPP?

✅ More Control: Pick your own investments like shares or funds.
✅ Tax Benefits: Get tax relief on contributions — up to 45% for higher earners! 💷
✅ Flexible Saving: Save as much as you can, within your annual allowance.

It’s a smart option if you like managing your own money or want to diversify your retirement savings. 💡

Thinking about opening a SIPP? Make sure you contact a pension advisor or do your own research! 📚

13/04/2026

📌📌 Personal Finances Tip!

☕💸 Think Those £4 Coffees Don't Matter?

Grabbing a £4 coffee every day might not seem like much, but it adds up fast:

📅 £4 a day = £28 a week
🗓️ £120.40 a month
📆 £1,456 a year

That’s a short trip abroad, a chunk off your energy bill, or a boost to your rainy-day fund! 🌧️💡

I'm not saying skip all the treats — just be mindful. Small changes can lead to big savings!

How often do you buy coffee from coffee shops?
I buy 2-3 times a month.

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