Making Your Money Work For You

By Author: Bonny Kominek
Total Articles: 32
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If you''re keen to ensure that your hard-earned money is not simply locked away in your current account but working hard for you and your needs, then make sure you look around the market to find the different kinds of account and the competing rates of interest that are available.

It is sad but true that so often people make the same mistakes when it comes to using their current accounts. There are plenty of ways that we can use our money to our own advantage, enabling it to build up more through interest, helping us to save more, and looking after our finances more broadly. For instance many people rely too strongly on their overdraft facility, forgetting that it is something to use only in an emergency, not an unlimited fund of spending money.

However on occasion it may be a valuable safety net. When you need to rely on it, it becomes clear how important it is to have an arranged overdraft in place with a limit on it that meets your requirements. For example if you know when opening your account that you will frequently have to go over a ?500 overdraft then be ready for this so that you will avoid suffering penalties ...
... for it.

Whether you''re looking to buy anything, be it insurance or a new mobile phone, the first rule is always to look around and compare different deals that are on offer to you. Banks on the high street such as Alliance