My common round-up of your private finance questions.
I like listening to from you, whether or not it’s on the weblog, social media, YouTube or e-mail. Typically you’re asking me questions on your funds, and I’m all the time glad to assist if I’ve the time.
However I realised that my solutions may be helpful to different followers. So I’ll be placing my responses to the perfect questions into common articles right here on the weblog.
Maintain studying for a few of the questions I’ve been requested, plus the video dwell from this week with much more!
Watch the newest dwell Q&A
Each couple of weeks on a Tuesday evenings (although typically on a special day) you’ll discover me dwell on YouTube and Instagram answering your questions. It’s in all probability the perfect place to ask!
Right here’s the newest video:
Should you’ve requested me a query elsewhere, you would possibly discover the reply under!
Do I’ve to just accept the power rebate?
I wish to have the choice to donate to somebody who would profit from my £400 fee. My accomplice and I are financially comfy, and receiving the fee doesn’t really feel proper.
Hackney66, by way of YouTube
Although you possibly can’t keep away from the £400 (which can comes as six a lot of £67 off your invoice), you might ship the identical quantity out of your present account to a charity of your alternative in order for you. Or you possibly can participate in #Donatetherebate right here.
Ought to I take advantage of my Amex overseas?
We now have an AMEX GOLD CARD – due to your nice recommendation – and we’re increase the factors ! We are going to in all probability apply it to our forthcoming cruises however can I ask your recommendation on one other level?
All the costs on the cruises will probably be in {dollars} and we should pay a 2.99% cost to transform £ to $ – will this negate any AVOIOS gained? We even have a STARLING debit card which doesn’t cost a price, would this be a greater different do you suppose?
Kevan, by way of e-mail
Yep you’re proper – don’t use the Amex for abroad spending. That cost will wipe out any factors you earn.
Starling is a extremely good choice, although Chase can be fee-free and earns 1% cashback for yr one. Listed here are the perfect playing cards to make use of overseas.
Watch new movies each week on the Andy Intelligent Money channel, plus a daily dwell Q&A
How do I transfer Direct Debits?
Maybe a foolish query, how do I transfer direct debits from one account to a different account with out switching/closing my account?
Gloggsy, by way of the Fb group
You’ve acquired a few choices. If there are fairly a couple of you need to transfer over you might see in case your financial institution permits for a partial change. This doesn’t shut the outdated account, but in addition doesn’t include the switching assure.
Or you possibly can contact every provider/enterprise instantly and alter your particulars. Some will allow you to do it in your on-line account, others would possibly require you to name up or ship it it writing.
Can I put my pupil overdraft into financial savings with out spending?
You point out taking out the overdraft at the beginning to maneuver right into a financial savings account (and earn curiosity). Does this imply you possibly can select to take out this overdraft sum at any time or should you wait till you might be within the ‘minuses’/have run out of earnings?
Ella, by way of YouTube
Hello Ella, so let’s assume your steadiness is zero. Should you transferred, say £500 to a financial savings account, you’d successfully be spending £500 and bringing your steadiness to minus £500.
If you will use your pupil overdraft for this function, it is smart to solely use it for this. So all of your different spending comes out of a special account. Right here’s extra on pupil financial institution accounts.
Take heed to Money Chats, Andy’s twice-weekly podcast. Episodes each Tuesday and Friday.
What occurs to my bank card after I change financial institution?
Pondering of switching banks however have a bank card with them that was solely obtainable to present account prospects on the time and so forth.
What would occur to the bank card if something as soon as the account is switched?
Deb, by way of the Fb group
There’s nobody reply because it’ll rely on the financial institution and the cardboard. You’ll must verify the phrases and circumstances with the financial institution to seek out out. It may nonetheless be a requirement that you’ve the present account open to maintain the cardboard. Or there is perhaps a price added when you don’t have the present account.
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+ Get a £17 Quidco bonus (new members solely). Extra particulars
Get the perfect of Andy’s cash saving content material each Thursday, straight to your inbox
Get a £17 Quidco bonus (new members solely). Extra particulars
How you can ask me questions
One of the simplest ways to get in contact is within the Andy Intelligent Money Fb group
Simply put up your query any time, or ask me in my dwell fortnightly Q&A each different Tuesday (which is on Instagram and YouTube).
I can’t promise I’ll be capable to reply all questions however I’ll do my finest.
If you wish to contact me by way of different channels I are likely to look as soon as every week in any respect the messages, however it may take longer – so that you might need to bear with me for a reply.
You can even touch upon particular person blogposts and movies or ask me questions by way of these channels:
