The budget was expected. The emergency meeting of the Monetary Policy Committee of the Bank of England, by definition, was not. Both had meaningful implications for personal finance. Interest rates were cut from 0.75% to 0.25% (and have since been cut again to 0.1%) The initial cut sent interest rates back to where they were […]
Finance
Is Poor health Making You Poorer?
Although the UK has both a welfare system and free public health care, illness and injury can impact your finances. While there’s a limit to what you can do to protect yourself from becoming ill or injured, you can certainly have a think about what poor health would mean to you and what steps you […]
What Diversification Really Means
Investment portfolios are like teams. They should all work together harmoniously, with each member bringing their own strengths to balance out the others’ weaknesses so that no matter what happens, you wind up with a good result. That’s the theory. The art, science and skill of diversification is building an investment portfolio that makes this […]
Death is free but dying can be expensive
These days, funeral music can go way beyond traditional hymns like Abide with Me, but out of all the songs you might want to choose for your funeral, possibly the most appropriate would be the 2015 hit by LunchMoney Lewis – Bills, because, while death may be free, dying can be expensive. Here are some […]
Is contactless making it too easy?
The concept of a cashless society may sound good in theory. It’s questionable whether it will ever work in practice. It is, however, indisputable, that cash isn’t king anymore. Plastic, in its various forms, has long since taken over. There are lots of practical advantages to using plastic rather than cash. One of these is […]
What’s your digital information worth?
These days, for practical purposes, you are the sum of your data. Everything you do online creates a data trail which doesn’t just point back to you, it comes to form a part of your identity, hence the term “digital identity”. As such, it is vulnerable to the threat of identity theft. With that in […]