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
