Update 30 July 2019: Martin wrote this blog back in 2013 but while the rates have changed, all the logic is still correct.
I couldn’t believe my ears. While filming in southern Spain for the new series of my show, the producer told me he’d found a cash machine offering 0% commission if you chose to withdraw in pounds. In theory, that’d mean PERFECT exchange rates.
Never owned a home? Open a Help to Buy ISA – even if you've no savings, just put £1 in. This special ISA – that gives first-time buyers up to £3,000 free towards their first mortgage – closes to new applicants on 30 November 2019, so there's now less than six months left. Yet open one before then and you bag the facility in case you ever need it later.
Is your electricity and gas provider unfairly sitting on £100s of your money? Over 70% of us pay energy bills by direct debit – a good thing, as it gets you the cheapest rates. However, it can give firms the chance to build up a reservoir of customers' money. It's time to get that money back!
On 6 April 2019, most UK workers aged 22 or over are due a hidden pay rise – but your employer needn't tell you. This is all about 'auto-enrolment', where your employer must contribute towards your pension. Now it'll have to give you even more, though then again, you'll have to shell out much more too. So I'm bashing out this blog to take you through it.
Martin Lewis: Payment holidays coming to an end – but should you take one? Mortgages, credit cards, loans, payday loans, car finance and more20 October 2020Within the last week, we've seen the extension of coronavirus credit card, personal loan and overdraft help to 31 October 2020, with mortgage payment holidays already extended. The regulator's other help schemes are also likely to be extended too, including car finance and payday loans, yet should you do it?
14 September 2020Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of...
Martin Lewis: I confess, I did a 'decoy effect' experiment on my Twitter and Facebook followers… and it may be why they're buying more Jaffa Cakes7 September 2020Behavioural economics is a powerful science. Some retailers are undoubtedly using it to make us pay more to get less. One element is the 'decoy effect' – where a higher-priced item is sold, to make items next to it look like bargains. So I wanted to do a little experiment to test it