Martin Lewis, the founder of the Money Savings Experts website, is the journalist and economic activist who appears on the small screen and on the radio to calculate his experience in everything applicable with money. Recently, he touched on the issue of credit cards.
In his weekly bulletin MoneySavingExpert.com Money Tiplaystation last week, Martin issued a warning about the maximum productive master cards for balance transfer.
As a reminder to credit card users, he explained that “the longest debt transfer agreement of 0%”, with up to 30 months at 0%, would only be up to the end of June.
“So if you like to have it, sort it temporarily and don’t forget to pay no less than the minimum payment and pay the debt before the end of 0 percent,” he said.
For additional information on balance movements, see the MSE Higher Balance Motion Guide.
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In other currency news places, Martin recently shared some concepts about savings.
A consultation and response query arrived on The Emma Barnett Show on BBC Radio 5Live, and now the query should be paid attention in the launch episode of the Ask Martin Lewis podcast.
An appellant, named Paul, explained that he had earned a payment of 13,000 euros that morning, a claim for poorly sold payment policy insurance (PPI).
Paul said: “I had a PPI checkup this morning, your recommendation really.
“Basically, what to do with the money.”
Martin requested some additional details, which Paul revealed has no loan and lives in rented accommodation.
First, the economic journalist advised that he put the lump sum into an easy-to-save account, allowing him to maximize the interest gained in the coins while he decided what to do with the coins in the long run.
“So, look, the first thing to say: the easy-to-access savings account with maximum success in the market position is NS-I, which is state-owned, also overall security, which can pay 1.16%,” he said.
“This is the ultimate undeniable productive access. So thinking, put it there.
“Otherwise, if you are not looking to access it, it is advisable to have access to it during a day of raibig apple: 3 to 6 months of invoices, especially the best friend in the supply environment.
“You may want to put it in a solution and earn more.
“I mean there are other things you can give to the concept by doing your money. I mean, how old are you?”
Paul told him he was 50, to which Martin said, “50, I have no idea if he has a pension, put something in his pension.
“Depending on your tax situation is effective. You can invest some of it.
“But, for now, put it on the highest, easy-to-save account, once you can.”