Good Habits: Time to Feel Good

This year, instead of those resolutions that are forgotten within weeks, we want to help you on a path to good financial habits that can last you all year. We’ve compiled seven small steps that can make a big difference along with the products to help you on your way.

Help your savings fly

Feel good about your savings

Putting away little and often can make that dream holiday or new gadget become a reality quicker than you thought, and without it causing a hole in your finances. Get into the habit of putting some money away each month and you will see your savings stack up.

Interested? Take a look at our Regular E-Saver account – you can put away up to £250 per calendar month at an attractive fixed rate of interest, along with the opportunity to win Regular Rewards. Find out more here.

Not sure if you can spare any money each month? Have a go at tracking your spending for a month or two and see where you think you could cut back. It could be the morning coffees or the snacks on the train that may seem insignificant but could save you hundreds over the year.

Make your plastic purr

Feel good about your spending habits

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Little changes such as setting up fixed a Direct Debit rather than making the minimum payment could help clear your balance sooner, and a Direct Debit is a great way to ensure you don’t miss any payment deadlines that could incur fees.

We have a range of cards available. If you have a balance to transfer our calculator can help you find the right one for you based on the size of your balance and the monthly amount you would like to pay.

Get your mortgage moving

Feel good about your mortgage

crabMaking overpayments on your mortgage has big benefits for the future – it means you can reduce the amount you owe and save on interest. Overpayments of up to 10% are a standard feature on all Virgin Money Mortgages so see if you can start cutting your mortgage down in preparation for the future.

It could also benefit you to remortgage when the time comes – you could get a better deal than the one you are on currently, especially in the current low interest rate market.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Service your current account

Feel good about your everyday spending

penguinAvoid missing any payments by setting up Direct Debits for the day after you’re paid – that way you’re sure to always have the funds in your account. Plus, it means you can see what money is left over for the month ahead to help with your budgeting.

The Essential Current Account has been designed to help you out not catch you out, so if the unexpected does happen we won’t charge you for missing Direct Debits. Plus no overdraft facility means you stay in control.

 

Get your children’s savings behaving

Feel good about your children’s savings

pigGet children into a habit that will benefit them for a lifetime and teach them how to save. An easy way to show your children the benefits of saving is by giving them a goal to save towards – it could be that new toy or game they were asking for. Make it fun by showing them how much their pocket money has grown over a period of time.

Our Children’s Savings Accounts come with a Store passbook so it’s easy for them to track their pocket money and watch their money grow.

Pay your pension some attention

Feel good about your pension plan

goatPutting off starting a pension can be costly – the sooner you start paying into one the better as you’ll see your investment stack up over a longer period of time. See if setting up a straight forward, straight talking pension can make retirement a time to look forward to even more.

Remember, the value of your investment can go down as well as up and you may get back less that you invest.

Invest in a groovy future

Feel good about your investments

dogYou don’t need to be an expert to invest in the stock market, and there are lots of choices out there. Think about time not timing. Choosing a flexible investment that allows you to pay in small amounts regularly over a long term could have big benefits.

Take a look at our tax efficient Stocks and Shares ISAs or our Investment Funds if you have used up your allowance for the year.

Tax depends on your individual circumstances and the regulations may change in the future.

Remember, the value of your investment can go down as well as up and you may get back less that you invest.

 

Now that you’ve read our useful tips, there’s no better time to start getting into good habits to help you feel better about your finances in 2017. Plus, feel good about being part of the family with great discounts across the Virgin group and access to our Lounges.

 

Virgin Money plc – Registered in England and Wales (Company No. 6952311). Registered Office – Jubilee House, Gosforth,
Newcastle upon Tyne NE3 4PL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority.
Virgin Money Personal Financial Services Ltd – Registered in England and Wales (Company No. 3072766). Registered Office
– Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised and regulated by the Financial Conduct Authority.
Virgin Money Unit Trust Managers Ltd – Registered in England and Wales (Company No. 3000482). Registered Office – Jubilee
House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised and regulated by the Financial Conduct Authority.
The Virgin Stakeholder Pension is promoted by Virgin Money Personal Financial Service Ltd and provided by Virgin Money
Unit Trust Managers Ltd. Both companies are registered in England and Wales (Company numbers 3072766 and 3000482
respectively). Registered Office – Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised and regulated by the
Financial Conduct Authority.
The Virgin Money Credit Card is issued by Virgin Money plc. You will not be able to transfer a balance from another Virgin Money
Credit Card and should not use your card to repay other borrowing from Virgin Money.
Mortgages and most savings accounts, including Cash ISAs are provided by Virgin Money plc.
The Virgin Money Stocks & Shares ISA is promoted by Virgin Money Personal Financial Service Ltd and provided by Virgin Money
Unit Trust Managers Ltd. Both companies are registered in England and Wales (Company numbers 3072766 and 3000482
respectively). Both are authorised and regulated by the Financial Conduct Authority.

 

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