Personal Accounts – An Overview

It’s one of the most important relationships you’ll ever have, and one that will last your whole life – you and your money. Yet many of us tend to neglect this area – ignoring our bank statements, muddling along with the same bank we’ve always used. Often we prefer to turn a blind eye to our personal finance, thinking of our bank account as a tiresome and perplexing necessity that’s best left undisturbed.

Admittedly, the world of money can be a complex and confusing place. But there’s no avoiding the fact that we have to live in it, and with a little research and some application you could find ways to substantially improve your financial health.

Whether you want to streamline your finances, maximise your investments or plan for your family’s future, it often pays to spend some time getting to know the market. In recent years banking has undergone phenomenal changes – adapting to meet the needs of today’s shrewd, internet-savvy customers. Banks and financial institutions can no longer rely on the loyalty of their customers, and as a result have become more flexible, more responsive, and more eager than ever to win your business.

This guide is a starting point to help you find your way through the money maze. Hopefully, it will encourage you to take a good look at your finances – where and how you choose to bank, and what options there are available.

Current accounts, phone and internet banking are explored in the ‘personal accounts’ section.

While there are many ways to ensure your money is working hard for you right now, there is also a plethora of ways to save and invest. ‘Savings accounts’ provides a guide to planning your finances, from high interest accounts to offshore banking. Children’s accounts are also covered, so no one is left out!

The business banking section lays out what you need to consider when choosing your account, ways to best manage your money, and how to approach your bank when you need finance to fund your business.

You may want to consider taking professional advice about your finances – Independent Financial Advisers, accountants and other sources of information are explained in the ‘advice’ sections.

So spend some quality time with your money today – assess your situation, consider your options and what needs to be improved. Any relationship needs some work to keep it healthy – you and your money are no exception. With a little effort, this could be the start of a beautiful friendship!