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Celeb Wallet

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Brendan Cole

Wed 6th February 2008

New Zealand-born Brendan Cole shot to fame on the BBC’s show Strictly Come Dancing. He was the loveable rogue on the hit show and is now a regular on the celebrity scene.

He’s a hit on the dance floor but how does he fare when looking after his money?

It turns out Brendan is good at budgeting but he could still save £1,040 a year by manoeuvring a few of his products.

Firstly, as he spends around £3,000 a month on a mixture of his debit card and by using cash, he could instead get the American Express Platinum Moneyback card and put everything on that to make an extra £500 a year. With that Amex card he would get paid £5 for every £100 he spends in the first three months of having the card and up to £1.50 for every £100 after that.

But that is only based on 10 months’ spending as Brendan frequently travels back to his native New Zealand for the remainder of the year. If he took out a Post Office credit card, which does not charge the normal 3% loading fee on foreign transactions, he could save another £240 as his current debit card applies that charge.

If he took out a Post Office credit card, which does not charge the normal 3% loading fee on foreign transactions, he could save another £240 as his current debit card applies that charge.

Next up is his savings. Most of his money is tucked away in a First Direct account paying 5.25% before tax. It’s not a bad account but by moving £20,000 of it to a top rate account paying 6.5% and by maximising his cash Isa allowance, which he doesn’t do at present, that could net Brendan another £300.

Take a peek at what was in Iwan Thomas's wallet last week.