Self-Employed Archives - The Money Charity

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What Does A Bank Do With My Money?

If you’ve read our guide to banking, you’ll hopefully now know that a bank account isn’t just a more convenient and secure version of stashing money under your mattress. But although we use our bank accounts every day, how a

Starting A Family

Bringing a new life into the world can be one of the most rewarding and exciting things you can do. But as most parents will tell you, it’s an expensive business. So if you’re planning on starting a family, or

The Good, The Bad & The Ugly

Different ways to borrow a buck. Borrowing To Buy Credit cards Credit cards allow you to spend money you don’t have and, while they offer protection on larger purchases (where the bank covers the cost of refunds or replacement if

Insurance

What is insurance? Put simply, insurance is when you typically pay a monthly fee to your chosen insurer in order to protect a specific thing of value to you; this could be loss of income, property or personal belongings etc.

Pensions

What is a pension? A pension is a way of saving for your retirement. You put money into your pension each month and, in return, you get a regular income once you’ve retired. Pension contributions are tax-free, which is one

Savings

Understanding the value of saving is beneficial in itself, but making an individual choice about where to deposit your money in order to get a good return on your investment, maximise the available interest, or take advantage of tax-free accounts,

Understanding Your Payslip

Your payslip reveals important information about what you contribute to government expenditure; but what exactly do those Income Tax and National Insurance figures mean? The payslip puzzle We count down the days until they arrive, plan how we are going

National Insurance

If you’re over 16 you will have received your NI number and should start to understand where your National Insurance contributions go. What is National Insurance? You pay National Insurance contributions in order to build up your entitlement to certain

Credit

What is credit? Credit is a sum of money made available for you to use, which you have to pay back plus some extra (interest/charges for the privilege!) See, it sounds simple when it’s put like that. But, the slightly

Banking

What can a bank or building society offer you? Don’t opt to stash your cash under the mattress when there are safer places to deposit your money, that also provide convenient ways to manage bill payments, offer loans and give