BasicsSavings&Banking

How Much Should You Have in Your Emergency Fund? (UK)

It is a fact of life that we all incur unexpected expenses, sometimes at the most inopportune times too. Your car might break down, your windows might need replacing, or your computer decides it’s had enough. As a result, it is always a smart idea to have some emergency savings to act as a buffer. Despite what you may think though, there is such a thing as too much emergency cash (more on…
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BasicsFinance

What Salary Should You Be Making At Your Age? (UK Guide)

All other things being equal, there is a positive correlation between age and salary. In general, the older you get, the higher your salary should grow. With age comes experience, and older employees are typically in a better position to leverage their experience for…
BasicsSavings&Banking

How to Choose The Best Business Bank Account (UK)

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…
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BasicsSavings&Banking

How to Calculate Your Net Worth (+UK Calculator)

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…
BasicsSavings&Banking

4 Costly Financial Mistakes That Millennials Are Making In 2020

We know, another article about what millennials are doing wrong in today’s economy, what a shocker. Our aim here isn’t to berate, but instead — to educate and raise self-awareness about day-to-day millennial financial habits that you might not even be aware of, many of which might be holding your finances back. Contrary to the cliche proclamations and stereotypes put forward…
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BasicsSavings&Banking

Different Types Of Bank Accounts (A UK Guide)

With a plethora of bank accounts on offer, it can get quite confusing when trying to decide which one to go for. Below, we highlight the main differences between the most common types of current and savings accounts out there. Types Of Current Accounts For everyday…
BasicsSavings&Banking

5 Ways To Lower Your Monthly Bills

UK households’ average bills add up to approximately £179 per month, including gas, electricity, water, and broadband. On top of that, most working households pay council tax, which can add another £100 or more to monthly bills. Naturally, bills will vary with household size and location, however, most providers of utility and broadband are pretty much interchangeable and operate in a…
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