Savings

You can make a lot of money if you already have a lot of money…

Everyone knows to put money aside in a cash savings just in case something goes wrong… don’t they?

Rising interest rates mean you need to think about paying tax on your bank account earnings…

Every year seems weird these days. Maybe it’s all down to the coming singularity. Certainly 2022’s quadruple whammy of war, drought, inflation, and plunging equity and bond prices has provided enough contrast to please even a late-stage Picasso. Crops wither while inflation runs wild! Energy prices soar while portfolios plummet! Or maybe it’s just the [...]

Cash ISAs no longer pay the best interest rates, but they can still be the right product in certain circumstances

Cash savings rates have been dreadful over the past few years, with many accounts offering rates as low as 0.01% AER. (That’s equivalent to 1p per year for every £100 saved. Don’t spend it all at once!) This low-interest environment has punished many with a frugal mindset, but most obviously those who’ve kept a large [...]

A few years ago I was the proud manager of multiple bank accounts. Pretty surprising, considering I’m hardly the most industrious rodent in the rat race of work. In this post I’ll talk about how I ended up with so many bank accounts and what I learned. I’ll also share a few tips to help [...]

When you handover that monthly wodge to your bank, you’re also paying yourself…

Sometime back in the 1990s I began putting all my earnings above the higher-rate tax threshold into my pension.

This article on the importance of your savings rate is by Budgets and Beverages from Team Monevator. Check back every Monday for more fresh perspectives from the Team. I have a new hero in life. His name is Tony Stark. You might know him as Iron Man. Tony Stark is a superhero and plays a [...]

This guide to personal finance for immigrants is by The Learner from Team Monevator. Come back every Monday for another fresh perspective. A new adventure? Relocating for work? I recently moved to the UK, too, from Australia. That meant rebooting my financial life. Moving country is a huge job and so I’ve prepared the following [...]

What is the advantage of choosing an offset mortgage – assuming you’re even lucky enough to be able to get one?

Pull your finger out for profit!

Do you need to cut back on your salary sacrifice tax breaks? You may well do if your scheme exposes you to a slew of benefit-slashing side-effects.

Brain food to sustain fellow FIRE travellers who are starting to flag.