On the next floor up from the MSE Towers team is the MoneySaving Productions office, which is the engine room for my show It Pays To Watch. One of its stalwarts is the Assistant Producer (Money) Guy, whose job is effectively to be the resident money nerd, and be the one who understands my money shorthand when I’m talking about what we need to do in the programmes.
And it seems working in close proximity to me is having an impact; I’ll let him take up the story…
Guy’s story
“I’ve clearly caught the MoneySaving bug.
I was out shopping with my girlfriend, Leah, the other weekend when she was about to pay for her lunch on a debit card. Yet she is overdrawn so racks up interest charges every time she uses her debit card. I told her at the checkout she’s better off paying for everything on her credit card (which is clear) and paying it off in full every month, ensuring the payment date is at the end of her financial month (i.e. as far away after payday without encroaching into the next month).
That way, she’ll pay less interest on her overdraft because while the spending is sitting on her credit card waiting to be paid off she won’t be racking up interest, and will only pay a tiny amount on the day or few days in-between paying off the card and her next pay-day.
Leah’s reaction: “Be quiet, Martin. Can I have Guy back, please?”
Love it!