Category: Personal Finances

Reader’s Submission – What is Universal Basic Income?

In recent times, the idea of a ‘Universal Basic Income (UBI)’ being adopted throughout the world’s developed economies has gained traction, with prominent Democrat presidential nominee Andrew Yang being one of those to call for its implementation. But many people have been asking; What is it? How would we adopt it? (and perhaps most of…
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Balance Transfer Credit Card – What Are They?

In short, balance transfer credit cards can be a great way to pay off your debt and save a ton of money. If you’re struggling to pay off your credit card debt, a 0% balance transfer credit card may be the answer to (some of) your prayers.  Balance Transfer Credit Card If this is the…
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Credit Cards – What are the benefits?

Ah… credit cards – often seen as an evil bit of plastic to many, yet everyone uses them. But how does this actually stack up? We either know someone who thinks (or even think ourselves) that credit cards are inherently bad and can only lead to debt. Moreover, there’s the belief that credit cards are…
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Paying Off Debt With Savings – Is It Worth it?

Most people would prefer to keep savings or continue, to pay into savings, rather than service their own debt. I’m not talking about paying into an emergency fund, but actually having money in a normal savings accounts, earning little to no interest. This may be alongside paying a higher interest rate in debt than they’re…
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Emergency Fund – Why it’s Important?

An emergency fund is exactly what it says on the tin – it’s an EMERGENCY fund. For emergencies. It’s money you put away for a rainy day, whether that be in case your roof has literally collapsed, your car has decided to break down, or you have lost your job. It should not be touched…
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Savings: Making Your Spare Cash Work For You

With interest rates at an all time low in the UK, and some countries like Switzerland even having negative rates, it’s often hard to find a good high-yield savings account on the market. Most banks have slashed their rates down to around 0.1%, and saving has become much less lucrative than just over a decade…
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Avalanching Your Debt: How Does It Work?

As mentioned in a previous post, there are different types of debt repayment strategies. Following on from snowballing, in this article we will be looking at the ‘avalanching your debt’ repayment method, how it works, and whether or not this is the right choice for you. What is avalanching your debt? Avalanching is the strategy of…
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A Beginner’s Guide To FinTech

What is Fintech? FinTech is a term that’s been smugly thrown around a lot over the last few years, as companies such as PayPal, Monzo, and Trading 212 have taken the online markets by storm with their alternative, ease-of-life offerings to traditional finance norms. In this guide we’ll unpick what FinTech actually is, what it…
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A Beginner’s Guide To Credit Cards

A Beginner’s Guide To Credit Cards… you’ve definitely come across them, and heard about all the different benefits, rewards, and advantages of being a card member. You’ve also probably heard of the downsides to misusing the credit you’re borrowing too. In this post we’re going to unpack the fundamentals of what a credit card is…
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Interest – What it is and why it’s Important

In the first of many guides here on 3MoneyTalk, we begin on a topic that will inevitably impact each and every one of us at some point in our financial lives; interest. In a nutshell, interest is the cost of borrowing money. However, this is a two way street. Interest affects virtually every aspect of…
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