The Martin Lewis Podcast Savings Q&A special – ISAs, savings tax, pay off debt or save and more. Plus credit card beginners guide
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Mar 6, 2025 Dive into a treasure trove of financial wisdom! Discover the ins and outs of ISAs and smart savings strategies. Learn how to manage debt versus saving, while mastering credit card usage. Unravel the complexities of travel insurance for early bookings and find answers to queries about car finance complaints. Plus, explore the implications of high-interest debt and the need for diversification in your investments. This is your go-to guide for navigating the world of savings and credit!
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Safe Savings Accounts
- Prioritize savings accounts with FSCS protection, safeguarding up to £85,000.
- Don't be afraid of lesser-known providers if they offer better rates.
Shop Around for Savings
- Don't rely on a single bank for savings.
- Actively seek better rates, as loyalty doesn't pay in finance.
Savings vs. Inflation
- If inflation outweighs interest, spending might seem better.
- However, find accounts with interest exceeding inflation for real growth.