Representative Example: On an assumed loan amount of £750 over 12 months. Rate of interest 191.2% (fixed). Total repayment amount £1726.68 and total interest is £976.68. 12 monthly payments of £143.89. My Financial Broker is a broker, not a lender*.
* As a broker, we are unable to ascertain exactly how many customers take out a loan or the lender’s rate of interest particular to that customer, therefore our calculation is based on the mean APR of our panel of lenders.
If you want to manage your money better, My Financial Broker can recommend a number of money management tools and apps, helping you stay on top of your finances in the easiest way possible. For example, working with companies such as Money Dashboard, you can sign up for a free account online and download the app to start keeping track of your money and finances today.
View Your Transactions
For most people that have multiple bank accounts and credit cards, Money Dashboard gives you the opportunity to connect all your accounts and see all your transactions in one feed. This saves you time and effort – you don’t need to log into each account and trying to sync up all your income and outgoings.
Each transaction is assigned to a specific category to help you organise more effectively – and you can create categories to suit every situation.
Put All Your Bank Accounts in One Place
You can sync all your bank accounts into one app, so there is no need to remember the password for each account and try to reconcile bank statements! Money Dashboard works with over 70 banks and providers in the UK, so you can instantly retrieve your balances and transactions on demand.
Budget More Effectively
While budgeting is rarely a fun thing to do, it can not only be a good way to keep on top of your finances and ensure that everything gets paid on time, it’s also a good way to save money. So if you never seem to have enough in savings to take a lavish holiday, you may be able to save up enough over time to mean you can take the trip!
You can use the app to create a budget plan for the all the things that you regularly spend on, including household bills, food, clothes, entertainment and more. You can set your budget each month and keep a close eye on spending, so that you keep within your targets.
All your transactions are categorised and connected to your budget planner, so it updates in real-time.
Use the Planner
Plan your financial future and stay ahead of the game by adding your predicted income and expenditure over the next few months and year. Set predictions for money that you expect to come in and out of your account, such as income from work, bonuses, holidays and more.
Use the planner to create a financial forecast too. That way, you can plan ahead and know what to expect over the coming months. Planning for the future is one of the most important things when it comes to money management. So if you have an unexpected expense crop up, you should have the money saved to cover the cost.
Improve Your Credit Score
Some money management tools such as Mint offer a way to check your credit score for free, on demand. This is very closely connected to your finances and is a reflection of how well you pay any outstanding bills, credit cards, loans and more.
By improving your credit score, you will increase your chances of being approved for financial products like loans and mortgages, and be able to access the lowest rates possible.
Repaying your bills, loans and debts on time is the most effective way to boost your credit score. You can also look at closing any credit cards or accounts that you do not use and avoid making too many loan applications in a short space of time.