For any cash saver it’s always a good idea to check the best buy savings tables.
If you want to get your savings working harder, you need to be earning the best rate of interest you can under the circumstances that suit you.
As I’ve mentioned before, saving money into cash savings accounts is the first place to start on the road to building wealth. Ideally you need around 6 months worth of your monthly spending saved into easy access cash, to act as an emergency/freedom fund to deal with life’s emergencies.
Cash savings are also best for shorter term savings goals like saving for a house deposit, a new car or holiday.
Investing into things like the stock market should be left for longer term wealth building.
Continue reading “Best Buy Savings Tables”
There’s often a feeling that if you use credit cards to pay for something it’s not best financial planning. You’re using debt. People always tell you how high the interest rates are on credit cards and you hear stories of how people get into real financial difficulty by building up too much debt on credit cards.
If used the wrong way, credit cards can certainly get you into financial trouble. At the end of the day, it’s the credit card company who make the purchase but they are expecting you to pay them back and will inflict financial pain on you if you don’t.
But there are many benefits to using credit cards and actually I think as long as you understand them and control them they can be an excellent part of your financial planning.
So when should you use credit cards and when shouldn’t you use them?
First the bad…..
Continue reading “When And When Not To Use Credit Cards”
A few weeks ago I wrote about how we are all investing money whether we realise it or not. Think…. your workplace pension.
I also highlighted how you probably have strong views on certain things like:
- Banking practices.
The worrying thing is do you really know where your money is invested?
Your savings could be invested into companies that are directly against your ethical views.
Well now there is a new way to invest. It’s commonly known as ethical investing. Continue reading “Ethical Investing”
I’ve been using Plum for about a month now and have explored the features they offer.
For this review I wanted to really get to the heart of what Plum were all about. I’ve spoken to people who work for Plum and also their users. I wanted to know what they are trying to do and how you could benefit from using them.
Let’s dive straight in.
Continue reading “A Review Of Plum”
Even if you haven’t directly invested in the stock market (perhaps through a stocks and shares ISA or General Investment Account) it is likely you now have a pension through your employer and that pension will be invested somewhere.
But do you really know where?
Continue reading “Do You Really Know Where Your Money Is Invested?”