BasicsSavings&Banking

What Is Open Banking, Does It Matter and is it Safe?

July 16, 2024
What is Open Banking? Open banking, in a nutshell, is a series of laws and regulations that requires the UK’s 9 biggest banks to publicly release all of their financial and transactional data in a standardized format. The Competition Markets Authority(CMA) has driven these changes to fit alongside the same new European regulation called the ‘Payment services Directive 2 (PSD2)’. The…
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BasicsSavings&Banking

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 extra cash on hand. Whether you need some extra money to make some home improvements, pay off some of that mortgage, or get rid…
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BasicsSavings&Banking

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…
BasicsSavings&Banking

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…
BasicsSavings&Banking

A Minimalist’s Guide to Personal Finance: A 5-Step Guide

November 15, 2019
One thing that distinguishes millennials from older generations is our attitudes towards work and our careers. For many millennials, work is seen as a means to an end, a way to comfortably manage while you put talent and efforts towards things you are really passionate about. This notion is at odds with older generations who saw work as valuable in itself. Millennials have sought to achieve the…
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