It’s a question that is often asked: “How long until my money doubles with an x% interest rate?”. Well, assuming that you are not adding extra money to the investment and the interest rate stays steady, it’s a fairly easy calculation. Obviously, the higher the interest, the quicker your money will double. This is what the ‘double your money’ table looks like:

 Read more... (307 words, 1 image, estimated 1:14 mins reading time)

This is an example template for claiming back unfair mortgage exit fees:

[Date]

Dear Sir/Madam,

Ref: xxxxxxxxxxxxxx (Your mortgage account number)

I took out a mortgage with you on (date) and the exit fee was deemed to be (fee stated on your original contract). When I change my mortgage, I was charged a fee of (fee you paid).

[if the above paragraph is not the same as your circumstances, use this paragraph in it's place:
When I took out my mortgage with yourselves, it was not stated that I would have to pay an exit fee if I switched my mortgage provider once the initial offer had ended. However, I was charged (state fee you paid) ]  Read more... (183 words, estimated 44 secs reading time)

Please click here for our guide to Budget Basics.

Please click here if you would like to download a simple spreadsheet to help you budget (in Microsoft Excel format).

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The following matrices have been designed as a guide to help you make a decision as to what you should do with your debts. They are designed to be generalised solutions and if you are unsure, please find a financial advisor who will be able to answer and specific questions you may have.

They key for all the matrices is:

What is the best course of action for me?

Below is a matrix which will guide you as to which solutions are possible, and which solutions we recommend for dealing with your debt. The totals on the left should be the total of ALL debt that you have – credit cards, loans, store cards etc.  Read more... (285 words, 5 images, estimated 1:08 mins reading time)

Date

Dear Sir/Madam,

Ref: Account number: xxxxxxxx (your account number)

I understand that the charges which were applied to my bank account with regards to the following (enter all relevant details here) are unlawful.

At the time of opening my bank account, I entered into a contract with you. At this time, you agreed to act lawfully at all times. However, the fees that you have been applying to my account in relation to the above are unlawful under Common Law, Statute and consumer regulations.  Read more... (223 words, estimated 54 secs reading time)