Half-price toys, top energy deal, special shoes, cheap fizzy, best savings rates, forgotten accounts and pensions.
Family finance tips whatever your budget
22 October 2018 www.skintedmintedmum.co.uk
THINGS TO DO THIS WEEK:
Download a date stamp app. This allows you to get a time and date on any photos you take with your phone. Essential for snapping existing damage on rental cars at pick up if you’re hiring this half-term week. Jane uses Time Stamp - it’s free. See our guide to rental cars here.
Review your savings account. New terms on offer are now hitting the 1.5% level (check the new Marcus and RBS/NatWest accounts). It’s still not great but it’s now worth moving out of those dud options from many high street banks paying 0.2% and so on.
Check your tax code. Make sure it’s correct now before the rush to pay in January. See Charlotte's blog about understanding your tax code here.
Charter Savings Bank 95 day notice account paying 1.85%. WE LIKE: Good rate, paid on £1,000 to £250,000. WE DON’T LIKE: Internet only, which may put some savers off. Notice period means it's not for cash you’ll need in a hurry. And the rate, though good, is still less than the current inflation rate so you’re effectively losing money.
DEALS OF THE WEEK:
Tesco has 25% off six or more bottles of wine until 31 October in store. SMM will be keeping an eye open for Tesco's traditional Christmas Lansons champagne offer, hopefully coming soon…
British Gas has the best fixed dual fuel energy deal at the moment, says MoneySavingExpert. BG Boiler Cover October 2019 (tariff is fixed until then) is available only online and through comparison sites such as uSwitch* and MSE’s own Cheap Energy Club. Even has boiler insurance included!
Half-price heels and boots aplenty from Dune with up to 52% via BrandAlley.
WORTH A LOOK:
Christmas is coming early: there’s half-price toys at both Sainsbury’s and Tesco.
Shopping with the kids at half-term? Get up to 50% off Adidas trainers at the Adidas outlet store.
The Marks & Spencer beauty advent calendar goes on sale on 1 November. It often sells out quickly so keep your eyes open. The Abel Charlot fizzy is also reduced to £17 a bottle (was £20+).
SKINTED BLOGS OF THE WEEK:
Charlotte has top savings tips here for Megan and Harry as they prepare for a royal arrival.
The Bank of Grandma and Granddad is your best option, explains Charlotte here.
MINTED BLOGS OF THE WEEK:
It's not that hard, honest! Jane outlines here how to sort your finances in just six simple steps.
Jane finds out here what happens when you forget to push the button on your cash going into shares.
WHAT HAPPENED LAST WEEK (TO 21 October 2018):
It was a lost week in many ways. Apparently seven million people have money sitting in ‘dormant’ or forgotten savings accounts - half of them say it’s because they’ve lost their passwords. There’s also £20 billion in unclaimed pensions, says the Pensions Policy Institute. SMM says check your paperwork to find the family missing millions.
Then there’s the vanishing banks and cash machines. Official government figures say 6,000 bank branches have shut since 2010 while Link says that 1,400 free-to-use cash machines closed between January and August. However, there could be fewer people losing money in bank transfers that go wrong. From next summer, when you send money this way, the name of the intended recipient will be checked to see if it matches the account.
Finally - and nothing to do with lost or found - inflation last month was 2.4%. September’s inflation figure is important because it’s used to work out increases in benefits and pensions from April next year. As wages growth is higher than inflation, state pensions will go up by this rate instead from April: the standard flat rate pension will rise to £168.60 a week.
HAVE YOUR SAY ...
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Too tight to buy a tub of Celebrations for trick or treaters? Take the moral high ground and offer apples instead. You’ll get superiority points and you’ll only need to buy a few because no kids will want them...
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