Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
veganism.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
Veganism Social is a welcoming space on the internet for vegans to connect and engage with the broader decentralized social media community.

Administered by:

Server stats:

302
active users

veganism.social: AboutStatusPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.3.0-alpha.5+vegan

#saving

2 posts2 participants1 post today
Public
pocketmoneyforadults

Credit scores are like a mystery box lenders use to see if you're a good financial friend. 🤝

It's your financial reputation: good behaviour boosts your score, bad behaviour lowers it.

Inside the box? Payment history, credit usage, and account age. Keep your credit usage low and check your report regularly.

It's like finding a typo in your financial resume.

Want to unlock the secrets of your score? Here's a guide:

pocketmoneyforadults.com/basic

Pocket Money For Adults · What is a Credit Score? - Pocket Money For AdultsEver wondered why you get approved for some things and not others? Your credit score plays a big part. It's like your financial reputation, and it affects everything from loans to phone contracts. Let's break down what it is and why it matters.
#money#finance#personal
Public
pocketmoneyforadults

Ever had that moment when everything breaks down at once?

That's when you wish you had a financial superhero cape. 🦸🏽‍♀️

Enter: the emergency fund. It's your 'oops, life happened' stash, not for holidays, but for those 'oh no' moments.

Aim for 3-6 months of living expenses, but even a small start is a win.

Set up an automatic transfer, and resist the urge to dip into it for non-emergencies.

Ready to get started? Here's a guide:

pocketmoneyforadults.com/basic

Pocket Money For Adults · What is an Emergency Fund? - Pocket Money For AdultsLife loves to throw curveballs. Flat tires, broken phones, unexpected bills – they always seem to come at the worst time. That's why having 'rainy day money', or an emergency fund, is so important. It's your financial safety net, ready when you need it most.
#money#saving#finance
Public
pocketmoneyforadults

Inflation's like that sneaky housemate who keeps eating your biscuits. You know they're going, but you can't quite catch them.

Except, instead of biscuits, it's your hard-earned cash. Imagine going to the shop with £20 and leaving with half a basket.

That's inflation. It erodes your money's value.

To fight it, budget like you're weeding a garden, comparing prices like a treasure hunter.

Want more practical advice?
Check out our guide:

pocketmoneyforadults.com/basic

Pocket Money For Adults · What is Inflation? - Pocket Money For AdultsYou might have heard people talking about inflation, but what does it really mean for you? It's a bit like things slowly getting more expensive over time. Let's take a look at how it affects your money and what you can do about it.
#money#saving#finance
Replied to pocketmoneyforadults
Public *
pocketmoneyforadults

Our goal is to create a friendly space where we can learn and grow together.

We're passionate about helping everyday people navigate their finances without jargon or judgment.

Expect discussions on real-life money challenges, how to manage the cost of living, and building a secure financial future.

Let's learn together!

Get started here:

pocketmoneyforadults.com/categ

Pocket Money For AdultsMoney Basics: Budgeting, Debt & More Archives - Pocket Money For AdultsLearn basic personal finance skills. Understand simple budgeting, debt management, and how to build a strong financial foundation. Simple guides for everyday money.
#money#finance#saving
Public
Emeritus Prof Christopher May

The problem with financial services' campaign to reduce the Cash ISA allowance to 'encourage' people to put more money into stocks & shares, is it ignores why people do not invest in the stock market...

They've seen the crisis, when people lose loads of money & are risk adverse;

They just don't trust financial services to put customers' interests first; indeed there is significant evidence they are right & a Labour Chancellor who takes bankers not costumers' side on such matters.

#saving
Public
Emeritus Prof Christopher May

As Financial Services continue to push Rachel Reeves to reduce limits on Cash ISAs, its worth noting that if we think that diversification is the key to safe investing, then the ISA environment *does* look relatively well balanced... cash ISAs have been slowly growing, but not as fast as stocks & shares ISAs.

The bankers are not disinterested here, they're after the management fees; savers should be left to make their own judgement on risk, not be steered into riskier funds

Chart: Adult cash & stocks-and-shares ISAs Market value per tax year (£bn) Shows since 2011-12 overall total growing from just under £400bn to around £750bn last year & while cash ISAs have remained in the £200bn range every year, stocks-and-share ISAs have grown in value as a proportion from around half to around two thirds of all money invested
ALT
#saving#politics
Public
Ivor

Got a new sim card from Lebara yesterday. It's introductory £1.20 per month and goes up after 6 months so Money Saving Expert says overall cost will be £3.05 per month over 12 months.

Currently with Tesco (uses 02) and that's going up to £17.80 per month.

I also still have a business bank account with Santander that costs £7.50 per month to maintain, with nothing going in or out. I kept it just in case but I simply volunteer or barter now. Closing it.
#Saving

A new sim card and the letter introducing it from Lebara, the provider.
ALT
Public
Emeritus Prof Christopher May

Patrick Jenkins (FT) suggests we should downgrade cash ISAs to encourage 'more economically productive behaviour' by which he means investing in shares, arguing that this is what has enriched the US' middle classes.

So, he might to ask why people don't choose to trust the financial services sector on share holding?

and then, he might wonder what that real result in the US has been; inequality & exploitation.

Rather than take away peoples' choice perhaps what's behind the choice?

#saving
VegansExploreLive feeds
About