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Banking & Savings

Welcome to Banking and Savings - for insightful guidance on maximizing your financial potential. This dedicated space offers in-depth knowledge on various banking products, savings strategies, and the latest in financial technology innovations.

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Whether you're seeking the best savings accounts, exploring high-interest options, or looking for secure and efficient banking solutions, our resources aim to equip you with the tools and knowledge for effective money management and achieving your saving goals.
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The Impact of Inflation on Your Savings 

17th September 2024
  When inflations rises with the cost of living it can be difficult to make your savings count, there are ways to keep on top it the changes and protect your funds. The Impact of Inflation on Your Savings  Inflation measures the rate at which prices for goods and services increase, leading to a decline […]
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Best Balance Transfer Credit cards 2024

11th September 2024
What is a balance transfer Credit card? Balance transfer credit cards are used to move your outstanding debt from one card onto a new one, typically with lower interest rates. They are useful if you need more time to pay off a big purchase and want to avoid interest rate payments. When used effectively they […]
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What does APR mean?

4th September 2024
  What is APR? Annual percentage rate. APR is the official rate to help you understand the cost of borrowing any amount. Your lender should always disclose the APR before you sign any agreement. APR can be a good way to compare credit cards to see which would work out cheaper for you.   How […]
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How Much Should You Be Saving for Retirement?

30th August 2024
Learn How Much Money Should You Be Saving for Retirement! Retirement is a goal that the majority of workers strive to accomplish after working hard for decades. Many Americans plan on retiring at 65, but most people nowadays are trying to move this back and retire earlier. No matter what age you're thinking of settling down, […]
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Using cash to help you budget

28th August 2024
  The Cash Method The cash method of saving is a straightforward approach to managing your finances, where you take out your monthly budget in cash and use only this money for all your expenses. This method helps curb unnecessary spending by making you more aware of how much you're spending and what you're spending […]
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The Future of Branch Banking in a Digital World

27th August 2024
Branch banking has been an essential form of banking for many years, enabling banks to have a physical location and directly engage with clients. Nevertheless, the emergence of digital banking and mobile applications makes people doubt the sustainability of branches. This article will look at the current prospects for branch banking and review innovations from […]
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The Power of Micro-Saving

21st August 2024
The Power of Micro-Saving: An Effective Tool for All Budgets and Incomes Micro-saving is a financial strategy that emphasises saving small, manageable amounts of money over time rather than making large, infrequent deposits into a savings account. This approach is particularly effective for individuals who struggle to save due to limited income, inconsistent earnings, or […]
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Inheritance Tax: What Is It and Who Has to Pay?

21st August 2024
Inheritance Tax: What Is It and Who Has to Pay? Inheritance tax is a levy imposed on the estate of a deceased person before the assets are distributed to their beneficiaries. The tax is typically calculated as a percentage of the total value of the estate, above a certain threshold. In the UK, for instance, […]
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Choosing the Best Student Bank Account 2024

16th August 2024
   Choosing the best student bank account Managing your finances whilst at university is not always easy, this is why choosing your student bank account is important. Having a bank account tailored to students will help you to manage your money and have flexible access as well an overdraft where you can spend more than […]
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Personal Debt in the UK is a Growing Concern

14th August 2024
   You aren't alone in your debt Personal debt in the UK has been steadily rising, reflecting broader economic challenges and individual financial pressures. By the end of May 2024, UK residents collectively owed a staggering £1,852.5 billion in debt. This marked an increase of £205 million compared to May 2023, adding an extra £275.94 […]
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Finding a budgeting app for kids

12th August 2024
  Teaching Children financial literacy using a budgeting app Budgeting apps have become essential tools for adults looking to manage their finances effectively. These apps help track expenses, prioritise spending, and prevent overspending that could lead to overdrafts or debt. They offer a clear view of one's financial situation, making it easier to stick to […]
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Teaching your kids to be financially literate

12th August 2024
  Why Teaching your kids to be financially literate is important Money and pensions service data shows that only 47% of children receive a meaningful financial education at home or at school, so millions are without any financial guidance at a time when habits are forming. Teaching your kids to be financially literate will help […]
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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.

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