UK Bank Interest Rates to Double | Champagne Twist

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I flipped on the TV last night by chance, and caught the tail end of the Martin Lewis Money Show, and learnt that bank interest rates are set to double.

DOUBLE

DOUBLE

The fear and panic that came over me was so overwhelming, I immediately burst into tears. Thoughts included – I am bearly keeping my head above water as it is, and now could literally face bankruptcy.  It was all the more hurtful, as I was having a good day up to that point.  I have been making good, meaningful and positive inroads into my plans for the Champagne Twist social network and up coming business.

Then this bombshell.

To say I have been knocked for 6, is the understatement of the decade, and as this new decade is only 8 days old, that’s saying a lot.  But after a calming and reassuring chat with my mum (yes I resorted to that age old standard of calling my mum at the first sign of a crisis, don’t judge me, and if you do, I don’t care!) – I feel a little more hopeful.  I didn’t get much sleep, but as the daylight increases, things aren’t looking quite so dire.

What angers me, is that my financial institution has not informed me of these new changes.  This sneaky, underhanded way banks deal with their customers these days, is beyond appalling. Many charge nearly 40% in interest rates, but only give up to 1% for savings. As for their customer service, don’t get me started.

There is hope on the horizon. Next week The Martin Lewis Money Show is dedicating a major part of the show to dealing positivity with the new overdraft charges.  I strongly suggest you watch, even if you are financially sound.  With the uncertainly of recent world events, it would be wise to keep abreast.

Stay blessed everyone, and if you can, pass this post onto as many people as you can. Spread the message, you can help someone, and that’s a great thing to do.

 

The Martin Lewis Money Show

Monday 13th January 2020

ITV, 8pm and ITV+1, 9pm

 

3 real ways to save money for Christmas | Champagne Twist

 

Save 4 Christmas

It’s September. The last Bank Holiday before Christmas has past and now the countdown to the festive season has begun. If like me those plans to become a millionaire by next Tuesday haven’t quite, well gone to plan, here are 3 easy ways to save, so you can enjoy the end of year celebrations, without the worry of how to pay for it.

1 – Save your pennies

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Yes, I know, the last time you did this was around the age of 3, before you discovered £50 notes and YouTube, but it’s surprising just how those little coins can add up.  Get yourself a large jar, tin or piggybank and every time you receive change, remember to feed those pennies, 2p and 5p coins to your little piggy.  Start now and you will have extra cash for those end of year parties, Christmas presents or to give to your favourite charity.

 

2 – Buy now, save later

 

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The Summer sales may be coming to an end, but there is still time to purchase those little stocking fillers. For instance, if you have friends and family who love cosmetics and toiletries, take advantage of the last of the sales and stock up now. Don’t wait until December when the prices are jacked up just because the item is packaged in a special edition Christmas box, which is going to be covered in Christmas wrapping paper anyway.

 

3 – Start a Christmas Fund

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From tomorrow (Monday 4th September 2017), put aside 5-10% of your wages or salary in a separate bank account.  If you can save say £10 a week, every week until Christmas, you will have around £160 by Christmas.  That should buy a round of Crimbo drinks!

But don’t just stop there … if you adopt these simple saving techniques in the New Year, by next Christmas you could save hundreds, maybe even thousands.

Have you got any tips for saving cash between now and the end of the year? Please share in the comment box below.

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