BasicsSavings&Banking

Do Multiple Credit Cards Hurt Your Credit Score?

TL;DR: Yes, having too many credit cards can hurt your credit score. Here’s the kicker though — having multiple credit cards canhurt your score, but not necessarily. Credit-gurus are often quick to point out the potential negative effects of opening too many credit cards. However, while having multiple cards can negatively affect your credit score, it is not so much how…
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BasicsSavings&Banking

7 Ways to Pay Off Debt FAST

Before we get too far ahead of things, let’s take a step back to make one thing clear: the title of this guide is 8 Ways to Pay Off Debt FAST;it is not 8 EASY Ways to Pay Off Debt. This is a crucial distinction to understand before you move on to actually learn…
BasicsSavings&Banking

How To Achieve Financial Freedom (5 Things You Can Do Today)

In this article, you’ll find out the importance of Creating a budgetEmergency fundsCutting your debtsPension plansInvesting in yourself Self-care extends far beyond meditation, pilates classes or healthy eating. While all these things may contribute to a healthier and happier future you, it’s just as important to practise financial self-care. After all, what good will any of…
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BasicsSavings&Banking

Creating A Budget Plan In 5 Easy Steps

A budget is a powerful tool that will help you improve your finances by helping you to plan how you’ll spend your money each month. Creating a budget is an essential first step for anyone who wishes to gain a better understanding of where their money goes and how to…
BasicsSavings&Banking

What Is An ISA? (And Which Should You Pick?)

In this article, we address: What types of ISA are there?How many ISAs can you have?How do you open an ISA?Can you transfer an ISA?Is your ISA flexible?Should I put my money in a high-interest savings account or an ISA? What Is An ISA? ‘ISA’ stands for…
BasicsSavings&Banking

Joint Bank Accounts: Everything You Need To Know

The world of banking can be a maze of confusing jargon, and understanding the various types of accounts and their respective purposes, fees, and benefits can be more than a little difficult. With hundreds of different banks in the UK, each with different bank account types, choosing the right joint bank account can prove a frustrating affair. We’re here to help you begin to navigate…
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BasicsSavings&Banking

How To Retire Early In The UK: 9 Essential Tips

When Do You Want To Retire? In the modern industrialised world, retirement is normally seen as the ideal end goal a working person should strive for. After 40+ years of working, people want to spend their twilight years enjoying the fruits of their labour. In the…
BasicsSavings&Banking

What Is Open Banking & Why Does It Matter?

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…