Savings rates that make us poorer

The email pings into my laptop from an oh-so-helpful bank wanting me to “make sure your account is right for you.” Interest rates are being cut again next month and I have been sent a list of 19 new savings rates. The accounts have encouraging names such as the Good for Life Isa but it will stop paying 0.5% and start paying a miserly quarter percent. My own eSaver is being cut from 0.6% to 0.35%. These latest cuts come days after Ros Altmann, the former pensions minister, announced that we all need to save more for our old age. […]

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Socially irresponsible loan ad banned

Fans of Grand Designs, the Channel 4 television programme, know that those home builders with more expensive taste than their budgets warrant end the programme with the sorry confession that they have maxed out their credit cards to pay for the build.   In the worst cases they have to sell their new home or take on extra work to pay off the debt mountain. It is not what anyone on that programme or involved in more modest home improvements should set out to do. Not that you would guess it from an advertisement on the ‘home make over channel’ back […]

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Supermarket Christmas shopping tricks beware

Christmas is coming and the supermarkets want to fatten their profits. So beware. Ignore the bigger boxes of biscuits, the larger jars of goose fat and the mince pies that must be eaten in the next three weeks. The name of the game at this time of year for the Big Four supermarkets is to get you to buy more of your Christmas food and drink from them than from their rivals. But unlike their discounter competitors they tend not to try to battle on price. They try to do it by sleight of hand. Making us feel wanted. They […]

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Why energy companies leave me cold

Lit the stove last night. Winter is coming fast. So what do the energy companies do? They set us up to fail when we try to get the best deal on our gas and electricity tariffs over the winter months. Until April energy companies could not exclude existing customers from cheap new deals. Ofgem had ruled in 2014 that new tariffs should be offered to everyone. Since then they have been working on new chart-topping tariffs that will not be available for all. From November the regulator will no longer make sure that the market is fair. If the companies […]

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Don’t ask, dont…

In advance of the Women At The Top Summit organised by the Financial Times this week – where Money Fight Club co-founder Lindsay Cook looks at women and pay – she blogs on the underlying premise – don’t ask… don’t get. From pay rises to energy bills – how to get what you want One of the few rules of Money Fight Club is that if you do not ask you do not get. It applies to asking for better prices on insurance, energy bills, mortgage rates and fruit and vegetables in the market. We recommend that you allow yourself […]

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Don’t just buy on price

Using consumer reviews and other sources This week we take on consumer reviews -can we rely on them and what should we check before making a purchase? Plus The Archers radio show is awarded our Golden Gloves Award this week and a word or two about ATM etiquette. Listen on AudioBoom […]

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Has payday spending reached pandemic proportions?

The arrival of the monthly pay cheque into our bank accounts seems to be the starting gun for a few days of reckless spending (irrespective of what bills are due, or debts outstanding). Millionaire weekends are enjoyed by many who spend the rest of the month eating porridge and baked potatoes and are overdrawn at the end of it. Supermarket trolleys are fuller after payday; so are pubs, restaurants and shops. Some of us don’t even wait to leave the office but spend online as soon as the money hits our accounts. Apparently we spend around 9 days a year […]

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Money Fight Club praised by financial award winner

Georgie Frost of Share Radio named Headlinemoney Financial Broadcast Journalist of the Year 2016 Here at the Money Fight Club dojo we’ve been cracking open the champers in honour of Georgie Frost at Share Radio. Every Tuesday at 11am we join Georgie on her Consuming Issues programme for Share and are blown away by her grasp of tough topics and her ability to ask the real questions that consumers want answering So we popped the laces on our gloves in delight when she was named Financial Broadcast Journalist of the Year 2016, against a highly competitive field. The judges were […]

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That’s a (home) improvement – getting the best out of your builders

Listen to our recent radio broadcast on this topic Spring is peak time for home improvements as we try to add space and value to our homes and we are increasingly eschewing DIY in favour of DIFM (Do It For Me). Around 40% of us would rather get in a professional. Retired people spend the most. Younger people are least likely to DIY. But while we are prepared for problems with planning authorities, financing and getting the entire family to agree on what colour to paint the walls, many of us fail to do enough prep when it comes to […]

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Bye bye Brand Match – Sainbury’s price comparison with Asda hits the dust

Sainbury’s price compari-gone So farewell then Brand Match. Sainsbury’s has announced that from the end of April it is no longer going to compare prices with Asda for customers who buy ten or more items. It says that this is because we shoppers are less likely to buy 10 or more items in the stores. Hmmmmm… Maybe they should look at their research more closely. If we are all filling our baskets and trolleys with only nine items they are in trouble. It could be because the store is also ending its Bogof – buy one get one free – […]

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