As strange as it may seem I do have sources for the wealth of knowledge I impart in my blogs. It is not entirely my own work! So this week I’m going to review three top money savvy sites for you. In no particular order these are the sites and why you might like to pay them a visit:
This is Money
My main source of information, the reason I call it smart is because it has a wealth of information for the reasonably well informed layperson. For me I really like the articles relating to interest rates which are hugely informative. They have market insight, good evidence of past rate rises, quotes from all the leading players, it is just all round good material. I wouldn’t necessarily make a decision based on what I read there but it certainly helps me form an opinion and I will often lift a quote or two from these articles.
It doesn’t stop there though, there’s tons of information on all aspects of finances including pensions, ISA’s, Credit cards and loans. They have an “ask the experts” section where you can browse through different scenarios and the experts from the site will answer them.
Visit the website here: http://www.thisismoney.co.uk/money/index.html
Money Saving Expert
Now I have to confess I’m not a major fan of the money saving celebrity that is Martin Lewis, however I do have a grudging respect for his ability to help those who want to save a few quid. The site has clearly expanded over the years to cover a wide range of topics and I have not looked at all of it but it is good for a few tips that I like.
The forums are useful if you have an individual issue you can post on the forum and others will respond and often an “expert”- probably not Martin himself – will respond.
The main area that I think you can benefit by looking on this site is with utility bills. In my opinion the site has become big on the back of this as it was a real hot potato a few years ago. The comparison tables have now morphed into a cheap energy club which will monitor your tariff and make sure you are always getting the best value for money.
It is a simplistic offering in that they appeal to the money saver in all of us, we all like a bargain. It also appeals to those who want to try and reclaim money (in the past the site has encouraged visitors to complain about their endowment policies), perhaps via appealing your council tax band or claiming PPI compensation. We all like to get one over the system.
Visit the website here: http://www.moneysavingexpert.com
The Money Advice Service
This is a service set up by the government to support you in the management of your money. It is a little deceptive as it calls itself advice but I’m going to ignore that as it is a really useful site.
I like the budgeting page, as a mortgage broker I need to know that any new client can afford their new mortgage. I need to see a budget planner. This site gives you that ability and also provides tips on managing on a lower budget. I really like the “smart shopping” section. It drives me nuts sometimes when I see how much friends spend in Waitrose! Don’t get me wrong on occasions I shop there but it isn’t half pricey!
Again this site has a lot of information so I’m just picking out small chunks for you – such as the credit and debt section. Much of it is geared up to those who may be struggling but even if that is not you it is still worth a look if you are one of the many who carry a balance on your credit card. There is the ability to work out how long it will take you to pay it off if you just pay the minimum versus a fixed amount. It does make you think about your spending and helps you get your books balanced, which can’t be a bad thing.
Visit the website here: https://www.moneyadviceservice.org.uk/en
Hopefully this will guide you to the right site for your needs. I believe there is always a place for advice from a human but the internet is a great resource for your own research if you are confident in your ability to make those important financial decisions.
If you’ve found the information contained on in my blog useful, please tell your friends and family! Share the site with anyone you know who’s house-hunting or looking for a new mortgage product.