It Pays to Watch, Wednesday 7:30 It Pays to Watch on Five

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Series 3 Episode 8: Recession proof your finances
Broadcast: Wed 5th November 2008

  • recession1

    Recession-proof your cash

    Repossessions, redundancies, pay cuts & freezes: protect yourself now!

  • MoneySaving News

    In the news this week

    Premium Bonds slashed, free £25 eyeshadow, £19 hotel rooms, 40% cheaper calls to mobiles & knickers coming down (in price!)

  • celeb_wallet

    Raef Bjayou

    Will the star of The Apprentice be hired or fired after taking Martin's Cash Quiz?

  • recession2

    Do a debt audit

    Everyone should sort out their debts BEFORE recession hits so they’re prepared for the storm.

  • car

    Beat the insurers

    Find out how a lady from Slough saved hundreds of pounds by switching her insurance providers

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Celeb Corner

View Previous Celebrity Wallets

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.