Martin Lewis' 23 best pieces of money advice from 2023 to follow in the New Year
25.12.2023 - 12:45
/ dailyrecord.co.uk
With the New Year just around the corner, many people will likely be thinking about some resolutions they want to adopt for 2024.
Becoming better with money and more financially savvy is a very common one, and it's now easier than ever thanks to Martin Lewis and his invaluable advice.
The Money Saving Expert is known for dishing out consumer advice, which has been more important than ever during the ongoing cost of living crisis.
To help people improve their money habits in 2024, the Mirror has rounded up 23 of Martin Lewis's money-saving tips from throughout the year.
All of these have either been mentioned on the MoneySavingExpert.com website, during his Martin Lewis Money Show Live broadcast on ITV, or on The Martin Lewis Podcast on BBC Radio 5 Live.
Martin Lewis says that by simply switching banks, you can get paid. Nationwide currently pays out £200 for switching to that bank, with First Direct paying £175.
It's important to check the terms and conditions before doing so, as there may be extra steps needed to qualify for the payment.
MSE founder Martin has previously warned many people are still “earning diddly squat” on their savings accounts. The best easy-access rate at the time of writing is 5.22% from Metro Bank, and the best-paying fixed rate account is also from Metro Bank, which is paying 5.66% fixed for one year.
Regular saving accounts pay even more than this - but you're normally limited on how much money you can save each month. Nationwide has launched a linked saver which pays 8% fixed for one year - but you can only deposit up to £200 each month.
Big shopping events like Christmas and Black Friday can be tempting, but Martin has advised that you only buy what you need.
He also recommended that you only buy