From the monthly archives:

March 2010

Scared of the ISA Frenzy?

by Adam March 31, 2010 Saving

It’s ISA season in the UK. But don’t worry if it doesn’t make much sense to you! Avoid the fuss and simply save what you can in any account. There’s plenty of time to find the right accounts (including ISAs) once you are in the savings habit. If you’re not quite ready then set your savings goals in motion and bring on the new tax year!

Read the full article →

Savings Account or Term Deposit?

by Adam March 29, 2010 Saving

Both a savings account and a term deposit account are easy to set up and manage or monitor online, and both are great, fee free, ways to earn high interest on your savings and investments.

However, which is best for you – a high interest online savings account, or a term deposit account?

Read the full article →

Instant Access Saving Accounts

by Adam March 26, 2010 Saving

First it was Current Accounts, now Magical Penny makes a case for taking advantage of instant access savings account. They may not win any awards for good interest rates but they’re great: read on for why!

Read the full article →

How to Build Your Best Current Account

by Adam March 24, 2010 Smart spending

A current account may seem like the most basic tool in finance but when optimised through reduced direct debits, plenty of standing orders to yourself and ignoring any overdraft facility, it can provide a strong foundation before undertaking any plan to grow your pennies

Read the full article →

Commit to your future today

by Adam March 22, 2010 Saving

The world changes quickly. Health scares and accidents; industry changes; and the waning of passions cannot be predicted and could be devastating on your future quality of life if you have not made any long-term provisions. Having pennies saved is an important level of security even if you do not intend an idle retirement.

Read the full article →

The 3 Pronged Approach to Financial Goal Setting

by Adam March 19, 2010 Focus

Ultimately when it comes to creating your own budget I encourage you to consider the Magical Penny 3 Pronged Approach of working towards short, medium and long-term goals at the same time. It might like a lot of saving and it won’t always be easy but doing so can have a powerful effect on your life.

Read the full article →

Keeping Focused: Saving for the Long Term

by Adam March 17, 2010 Focus

We all have hundreds of things to spend our pennies on and not all of us have great incomes. With all of the different priorities for our pennies it might seem impossible and even pointless to save for your long term future, but it’s not. You should start. Today. It’s not even that hard either: surprisingly the best way to stay focused on long term savings is actually to not focus on it at all. Intrigued? Read on!

Read the full article →

Pay off debt or save?

by Adam March 15, 2010 Debt

Saving for medium term goals has an immediate psychological value: it makes your wishes and dreams more real. This post argues that you should be saving for medium term goals regardless of your debt-level

Read the full article →

How to Pay off Debt

by Adam March 12, 2010 Debt

With this first of 3 posts on the power of focus when it comes to growing your pennies, Magical Penny will highlight techniques and strategies to help you remain focused on your financial goals. Read the article to find out some easy snow and water-related ways to give your debt reduction plans an incredible amount of focus!

Read the full article →

Dominate the Game of Life

by Adam March 10, 2010 Saving

Playing a team sport like football, as I do with my friend each week, is about getting the right balance between offensive and defensive play. Similarly if you are serious about growing your pennies, you need two strategies: an offensive plan to earn and grow your income, and a defensive one to protect your earnings from every-day spending. But which one is more important?

Read the full article →

← Previous Entries