Cashback
Enjoy 0.5% cashback on your purchases with Virgin Money's Everyday Cashback credit card, along with no foreign exchange fees and no annual fees.
Michelle Stevens is a deputy editor at Finder, specialising in banking, credit, loans and mortgages. She has a journalism degree from the University of Sheffield and has been a journalist for 15 years, writing on topics including fintech, payment systems and retail. Michelle was the editor of business publications FStech and Retail Systems, and prior to that was a senior writer at People Management magazine. She is often quoted in national media on the subject areas of finance, banking and mortgages. In her spare time, Michelle likes to travel, explore new foodie experiences and attempt to improve her own culinary skills.
We asked Michelle to share some of her latest money management and banking tips.
Many banking apps will now alert you when payments go out of your account and they have tools to keep track of how much you have spent that day, week or month, and on what, giving you an extra layer of insight into your spending habits. Try and set yourself a budget for the week, and you could use either your banking app or a specialist budgeting app like Emma to keep on top of that target, by tracking your weekly outgoings or setting up notifications for when you’re about to go over your allocated spending amount for that week.
It can be worth switching your current account to a new banking provider to take advantage of any cash switching incentives on offer, or to use any new account features that you think will be beneficial to you, such as cashback on bills. You can easily switch current accounts in the UK using the Current Account Switch Service (CASS). The vast majority of banks are signed up to this scheme. You instruct your new banking provider that you want to switch your current account to them, and then it takes care of the whole process. Your new account is opened, your old account is closed, and any regular incoming payments (such as your salary) and outgoing payments (such as direct debits) are automatically moved over for you, along with your account balance. The service is free and guaranteed to take place within the 7 working days leading up to your chosen switch date.
94 articles written by this author
Enjoy 0.5% cashback on your purchases with Virgin Money's Everyday Cashback credit card, along with no foreign exchange fees and no annual fees.
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