Are you befuddled by banks?
Get your insurances and ISAs confused?
You are not alone as a lot of people hate to deal with banks and financial institutions. The answer is to simplify your financial affairs so you have less to worry about and need to spend less time on it.
Current Account – Set up one simple current account. Try and get one without any additional charges and add ons – you will probably not get around to using them and it is all extra money. Set up your main monthly payments such as mortgage, council tax etc all from the one account. You will then know exactly how much money you have.
Manage your Debt – You need to work out exactly how much you owe and then which debts need to be repaid first. You should then repay the debt with the highest interest rate first. If you have store cards or credit cards with a high interest rate cut these up and transfer your balance to a 0% interest card if you can.
Double Up – Cut the number of bills and make some savings by getting gas and electricity from the same supplier. You might also consider “bundling” your braodband, phone and cable or satellite tv.
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