EVERYDAY MONEY MANAGEMENT

UNDERSTAND HOW MONEY GROWS

Compound interest can either be your friend (growing small investments) or your enemy (credit card debt). When it comes to investments, it means that your money builds on interest you’ve already earned, so although the difference between 3% and 5% on a savings account sounds trivial, investing £10,000 over a 10-year period with compound interest can leave you with a gain of either £3,439.16 or £6,288.95.

DON’T BE A MARTYR If cutting out your morning coffee to save money leaves you feeling miserable, then bring it back! Being financially savvy is not about depriving yourself, but about making smart choices depending on what is important to you.