Money

FriendlyScore writes

5 things you need to know about Open Banking

Open Banking was launched in the UK just over one year ago. And what an exciting year of dramatic change it has completely failed to be. Despite the fanfare and news stories and debates about security, Open Banking has still not made much of an impact on Brits. We just haven’t really got excited about it yet.

Could a credit union be right for you?

If you want to save cash or you need to borrow some money then you’ll probably turn to a high street bank or building society, or maybe an online lender. And if you’ve struggled to manage your money in the past and your credit score is a bit low then you might decide to approach a lender who specialises in poor credit loans.

The TV licence: how you can avoid paying for it

We do love a good TV show in the UK. A survey earlier this year suggested that the typical Brit spends a whopping 27 hours in front of the box each week. That works out at around a decade of our lives watching telly.

What State Pension will I get?

Nobody wants to work forever, but how are you going to cover your living costs once you pack up work and retire? A key consideration for all of us who are planning to retire in the UK is the state pension. But who gets it? How much is it worth? And when can we start claiming it?

What to Look For When Choosing A Savings Account

Savings accounts can be confusing. There are so many to choose from, and what exactly are the differences between them? To stop you getting a headache comparing all the different accounts out there, we have done the hard work for you.

How to slash the cost of your petrol and diesel

Motorists have plenty of different costs to worry about when it comes to keeping on the road, from the initial outlay to the ever-increasing car insurance and road tax.

The best way to teach your child to save

The tooth fairy, generous grandparents, and a weekly pocket allowance all need to go somewhere, but instead of your child stashing this cash into a piggy box, or splashing it at the toy shop, why not encourage them to put it into a bank account so they can watch it grow.

Tracking What You Spend. The First Step to a Brighter Financial Future

'A fool and his money are soon parted', is a saying that dates back to 16th Century England, and is still true today. Spending money is easy. Too easy. Temptation is everywhere, and we think we will be happy once we have the all the material things we want. But stop for a moment – would you rather have things or financial freedom?

How to make money from your Christmas shopping

The festive season is almost upon us, so it’s time to get shopping. According to GoCompare, the average household spends an average of more than £700 over the Christmas period, with more than half of that going towards presents for friends and family.

Saving vs. Investing

Saving and investing can both be great ways to build up your cash for the future, whether you want to put money towards retirement, buying a house or car, or even a holiday. Saving and investing aren’t the same things though, and people often find their differences confusing to understand. On top of that is the question of which method is the best for your circumstances.

Too Much Month for Your Money? Three ways to make your money last all month.

We’ve all been there …… looking at an empty bank account, a bare cupboard and a full 10 days until payday. Suddenly, that spending spree at the beginning of the month isn’t looking quite so clever. Another month where good intentions have gone out the window, and you are looking at a very boring, not to mention stressful, time trying to make ends meet. So just how can we make our money last all month, while still having the occasional treat?

Do I Need a Pension?

Pensions are complicated. Sometimes it is hard to plan what is going to happen next week, let alone in twenty or thirty years. The government has been encouraging us to pay into pension schemes and save for our retirement and offered some tax incentives to do so. But what exactly are we paying for and what do we hope to receive at retirement age?

How to budget

Budgets are super useful tools for helping you to feel more on top of your finances. Using a budget, you can work out whether you spend more than you earn, where you spend most of your money, and how much you can actually afford to pay out on a monthly basis.