If you are buying Christmas presents for people you can agree to limit gift costs to £5 and some thought.
Not giving can be a bigger gift. Buying presents can oblige friends to do the same, even if they can’t afford it.
Fight back against Christmas commercial pressures by agreeing to a No Unnecessary Presents Pact with friends and family.
“Let passion drive your profession. Find a way to get paid for doing what you love. Then every paycheck will be a bonus.” – Oprah Winfrey
A student bank account has an interest-free overdraft. You can open one as soon as you receive an offer letter from UCAS, either conditional or unconditional.
If you know you’re going to travel at least twice in a 12-month period, consider an annual travel insurance policy instead of single trip cover – it can work out cheaper.
With a regular savings account, you commit to paying in a certain amount each month. In return, the bank or building society gives you a higher interest rate than you’d get with their current account or ordinary savings account.
The Financial Services Compensation Scheme offers full compensation up to £85,000 per saver of the amount you have in the account, per UK authorised bank, building society, credit union or friendly society that goes bust.
A current account is generally best suited for managing day to day transactions, while a savings account provides a safe and potentially profitable home for your extra cash.
A current account is useful if you get regular payments such as wages, salary, benefits, tax credits or pensions and you need regular access to your money, or you want to make payments by cheque or credit card.