Latest Show
Series 3 Episode 8: Recession proof your finances
Broadcast: Wed 5th November 2008
Broadcast: Wed 5th November 2008
-
In the news this week
Premium Bonds slashed, free £25 eyeshadow, £19 hotel rooms, 40% cheaper calls to mobiles & knickers coming down (in price!)
-
Do a debt audit
Everyone should sort out their debts BEFORE recession hits so they’re prepared for the storm.
-
Beat the insurers
Find out how a lady from Slough saved hundreds of pounds by switching her insurance providers
Get Martin's Free Weekly Tips Email
Celeb Corner
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.

