Let’s face it — mobile banking as a trend has exploded. Mobile bank apps are on a rampage to outdo each other with better features, driving the competitive landscape forward at a rapid pace.
As a result, many of these apps have becomesuper attractive for consumers, and are now packed with features like money management, retirement pots, low-cost currency exchanges, loans…
If you are on the search for your next bank in the UK, you may want to consider going digital with Starling. In this detailed review, we dive deep into the ins and outs of the Starling Bank App to help you make an informed decision.
What Is Starling…
What Is PensionBee?
PensionBee is a UK-based company focused on making it easier to save for your pension. The app allows you to consolidate any old work pensions into a single pension fund that you can manage from one tidy looking platform.
PensionBee launched in…
What Is Moneybox?
Moneybox is a “micro-investment” app that rounds up everyday purchases so that young people have some money to invest. Moneybox rounds up any payment you make with a linked payment method and puts that extra change to work by investing it in securities of your choice.
Moneybox was born in 2015 by co-founders Charlie Mortimer, and Ben Stanway. Mortimer and Stanway…
In a rush? Here’s the TL;DR…
ESA income-based payout amounts are not affected if you or your partner have less than £6,000 in savings. If you have more than £16,000 in savings, you are not entitled to ESA benefits. If you have between £6,000-£16,000 in…
Pros and Cons Of Personal Loans. Everything You Need To Know
February 10, 2020
TL;DR: The advantages of personal loans include convenience, flexibility, low-interest rates, and security. The disadvantages of personal loans include regular monthly payments, the potential for debt cycling, and inflexible payment rates.
Sometimes you need a bit of…
How to Choose The Best Business Bank Account (UK)
February 5, 2020
Having a business bank account is good for basically any commercial purposes, even freelancers and one-man firms.
While you are not required by law to have a business account if you operate a company in the UK, business bank accounts are usually a good idea.
They can be used to:
Consolidate business fundsKeep personal and business expenditures separateMake your small business seem more…
What Is SIPP? (An Ultimate Guide To SIPP UK)
February 5, 2020
TL;DR:
A Self-invested personal pension (SIPP) is a tax-advantaged
retirement account in the UK. SIPPs give individuals the freedom to
invest in a wide range of securities and not just those approved by
the company. You must be 55+ years old to withdraw from your SIPP.
How to Calculate Your Net Worth (+UK Calculator)
January 14, 2020
TL;DR:
Your net worth is the difference between your total assets and total
liabilities. Calculate how much you own and subtract how much
you owe and the resulting figure is your net worth.
Did you know that Bill Gates has a net worth of £83 billion?
Now, to be…
TL;DR: You should try to spend no more than 35% of your gross (pre-tax) income on your mortgage. A more conservative recommendation is no more than 25% of your gross income.
If you are currently in the market for a house you will first need to figure out exactly how much you can afford.
There are a lot of costs that go into buying a house and even a scrupulous planner can get overwhelmed…