This Week's Show
Wed 21st May 2008
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In the news this week
Massive RAC car breakdown loophole, 1p flights and grab the top savings account
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Celeb Wallet: Dermot Murnaghan
Will the ace newsreader make headlines or be yesterday’s news when he takes Martin’s wallet challenge?
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Cut Your Debt Now
Follow a basic steps and you'll significantly ease debt worries and get in control of your finances.
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Celeb Wallet
Geoff Capes
Wed 26th March 2008
Geoff Capes shot to fame in the 1980s as the strongest man in the world. He’s also proven himself as a top athlete and is the most capped British male athlete of all time as a star of the shot-putt.
But how strong is he when it comes to managing his finances?
It turns out that Geoff could do better and he could be at least £1,300 a year better off by following Martin's tips.
He's a saver, but while he's good at keeping his cash to one side, he's also committing a cardinal MoneySaving sin.
The problem is that he's stayed loyal to Barclays for over 50 years so is earning under 4% on his £70,000 of savings when he could be earning 6.5% with the top-paying savings account from Kaupthing Edge.
Geoff could make use of his relationship with Barclays, however, by maximising his tax-free cash ISA allowance and taking out Barclays' Tax Haven ISA which will earn him 6.5% interest in the first year.
In total, he could save £1,000 a year by making the most of his savings.
He could also save another £300 a year by paying off the £2,300 balance he has on his credit card, which he could clear quite easily.
Take a peek at what was in Tre Azam's wallet last week.
