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MoneyMagpie

21 surprising facts about money!

Reading Time: 10 mins Money makes the world go round. We chase it, earn it, spend it and generally rely on it to survive. But all money is really; is a credit system, used to represent resources. When you examine the facts and history of the concept, you can learn some rather surprising things! For example; did you know … read more

11 Steps to become a Millionaire Before You’re 65

Reading Time: 6 mins So, you want to become a millionaire by the time you retire? Well, we’d all like to do that! It’s not easy, but it’s not impossible either. Follow these steps and you could be richer than you think: Make a plan Start saving Enter a few competitions Get a free financial health check Develop an … read more

Should I invest in property now?

Reading Time: 5 mins Will I ever be able to afford a property in London? Should I invest in property or wait? These questions seem related but, in reality, come from two very different worlds. We see ‘average’ property prices in the news as they go up (or down). London is a different creature altogether! Property in the UK … read more

Beat inflation with index-linked bonds

Reading Time: 4 mins Savings that beat inflation? Unheard of! Well, certainly in these turbulent economic times. Index-linked bonds, however, may offer just that. So, what are index-linked bonds, how do they work, and are they a good investment? Keep reading to find out! What are index-linked bonds? Should you choose it over a standard savings bond? What else … read more

Get the best savings rates for your money

Reading Time: 6 mins Savings rates have been rubbish for a long time now. With the current uncertainty facing the UK due to political turmoil, it’s unlike the Bank of England is going to raise interest rates any time soon. That’s great news for borrowers – but not for savers! Anyone with some capital to stow away could end … read more

How you can beat savings accounts with index-tracking funds

Reading Time: 5 mins Even the highest-paying savings accounts struggle to keep up with inflation. Tucking your spare cash away into a cash savings account can actually DECREASE your buying power as interest rates continue to stay low against inflation. Index-tracking funds could be a way to beat inflation. Index-trackers are a form of investment. That means there is … read more

21 brilliant ways to be poor

Reading Time: 10 mins Find out how to be poor. Don’t build up wealth. Don’t have a rich retirement. Make sure you are poor and anxious for the rest of your life. Here are great ways to do that!

Help for over-50s: how to save if you’re broke

Reading Time: 11 mins Saving when you’re broke and over 50 may seem impossible. You’re either still in work and trying to put whatever you can into your pension pot, or already drawing down from your pension for an income much lower than you’re used to. Having no savings and a small income, and knowing your retirement is coming … read more

Are pensions worth it?

Reading Time: 2 mins However you may feel about pensions, it’s something we should all think about sooner rather than later. It’s never to early to plan for retirement. But are pensions worth it? Clearly the MoneyMagpie readers are interested in this topic. In fact, you asked us what to do with your £100,000 pension pot given that the … read more

Get your tax back! A simple guide to getting money back from the tax office

Reading Time: 7 mins How much tax am I owed? Am I paying too much tax? Am I paying too little tax? Will the tax office send me a big bill? How do I find out if I am on the right tax code?  Questions like these can keep us awake at night. Whether you think you’re due a … read more

Why you deserve to be poor

Reading Time: 5 mins Listen up maggots, I’m the Drill Sergeant Magpie and I’m not like the other Money Magpies. I’m not gonna mollycoddle you, I’m not gonna tell you ‘everything is okay’, I’m gonna tell you how it is – you deserve to be poor! Now you’re probably thinking ‘but I don’t get paid enough’, or ‘my bills … read more

Savings – What to do with your money in a recession

Reading Time: 6 mins It’s now 2020 and the recession that started in 2008 is over for the most part. But the impact of coronavirus has that dreaded R word back on people’s lips. How will this impact your savings and overall financial stability? What we all really want to know is: how will the economy affect us? A … read more

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