Anne Murray - Snowbird 1973

Anne Murray - Snowbird 1973

Colchester 3-2 Leeds February 1971 - FATV classic FA Cup highlights

Your Debt Card - rather than your credit card!

Your Debt Card!

They should probably rename your not so trusted credit card a debt card!

Using it in a reckless manner and, if you only pay off the bare minimum each month will no doubt keep you in debt and possibly poverty.

As an example, let’s take a typical credit card with an APR of around 22%.

Let’s imagine you receive your monthly statement, showing you are £1,600 in debt.

With interest charged at 22%, the minimum monthly payment will be around £40.

Quite staggeringly, of that £40, an incredible £30, or 75% of your payment will go towards interest!

Therefore, in effect, only £10 will go towards reducing your debt, leaving you still in arrears of £1,590.

In this sort of frightening situation, the best thing you can do is to try and pay off this crazy debt as soon as possible.

In future, if you fancy something, then make sure you can pay for it with cash before commiting yourself to this purchase.

Ask yourself, “is this purchase really necessary? and is it money well spent?”

Aled Evans 

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Putting Your Financial House in Order!

Quite often a new year brings a change of heart and a determination to put your financial house in order. One useful exercise is to analyze your bank statement, direct debit instructions or standing orders, looking for ways to eliminate unnecessary outgoings.

In my case, top of the list was my HSBC Invest-direct account facility for trading in shares. The service charge on this account amounts to £10.50 a quarter. Since I have decided not to dip my toe into the stock market during these volatile times in an economic sense, it makes sense to close the account.

This simple act, implemented in about a quarter of an hour has saved me £42 over the course of the coming year!

Aled Evans

Scrooge like: HSBC's new Interest Rate on Savings!

Prior to being known as the HSBC, they used to be known as the Midland Bank and the Listening Bank was their logo. I’ve been banking with them since the mid-1970s but last week my considerable patience was put to the test, when their miserly behaviour bore testament to the fact that Scrooge has nothing on the HSBC when it comes to being tight!

In these challenging economic times, I felt rather smug as a HSBC Advance current account holder, given that as a privileged client I had access to their Regular Saver Account paying a healthy interest of 5%, with the possibility to save up to £250 per month or £3,000 a year.

However, last week, hardly in keeping with the season of goodwill, the HSBC announced that the interest on this savings account would be slashed to a paltry 2.75%.

This has led me to re-consider my saving strategy for next year and, who knows, I might decide to invest in more Premium Bonds. Admittedly, no interest is paid on your savings, but you could, with a great bit of luck, scoop the monthly £1,000,000 prize!

Aled Evans

Memories of my first Dr Martens boots as a teenager!

When you go shopping in your local High Street, have you wondered
how many products are still manufactured in Britain.

I believe that the Barbour wax jackets are still produced in the North East.

This article brings back memories of my first Dr Martens boots as a teenager!

https://www.theguardian.com/money/2019/nov/30/are-things-going-wrong-with-the-uk-beloved-dr-martens-brand

Aled Evans