This week The Humble Penny give us some practical tips on how to handle the cost of living and share some priceless knowledge on why its important to be in the know with interest rates

They focus on mortgages as an example and explain how much mortgages could rise in the near future: for example, for a 300,000 house on a 25 year repayment plan youll see an increase of 40 per month says Mary, with Ken adding how its difficult for most families to find that extra money 

They advise getting a fixed rate mortgage: wed suggest a 5 year fixed mortgage, banks are offering great deals on those at the momentyou can even get a 10 year fixed rate mortgage for 2.78%. This is what we checked online recently so definitely act on that.

Watch all their tips here:

They also share some very practical advice on managing your finances that you can start implementing in to your life today - no matter what your circumstance is. 

Catch Ken and Mary on the Gospel Breakfast show every Tuesday from 7am. Follow them on Instagram @TheHumblePenny and subscribe to their YouTube channel The Humble Penny for more great advice.

Do you currently have a mortgage? Are you thinking of having one in the future? Are you interested in interest rates? If so, this is for you