Top tips

ENSURE that you never accidentally slip into the red by asking your bank to set up text message alerts to warn you when you get close to a zero balance or near reaching your overdraft limit. It is also a sensible idea to set up a monthly direct debit for your credit card bill each month so that you never miss a payment. Missing a payment can leave a blip on your credit record for up to six years. If you can, pay the card off in full to avoid paying interest charges.