You and your money
Hull & East Yorkshire Credit Union has now provided this column of money tips for two years. Over that time we've covered lots of topics including savings, loans, insurance, bank accounts and how to draw up a budget to make your money go further.
We've shown how to choose between different credit options, looked at money matters for the young and the elderly, and shared with you some real case studies of people who have started to save up for the first time. In the process, we've also tried to explain some mysterious terms used in the financial services world – like APR, FSA, PPI and CTF.
And we've introduced many of you to credit unions – once Britain's best kept secret but now probably the fastest growing type of financial services business – owned and run by their members to help them manage their money wisely.
We had some victories too. Someone once called to say we'd made a mistake with our interest charges (APRs) when comparing credit unions to doorstep lenders and high street loan shops. He'd visited a reputable website to seek some comparisons and our figures just didn't tally – they made the credit union loan seem unbelievably cheap! On checking it out, it turned out the website had been calculating its APRs incorrectly all along!
So what do you think? Perhaps you've got some useful money tips to pass on, or ideas for future topics to cover in You and Your Money. If so we'd love to hear from you. You can email email@example.com or write to HEYCU, Hull Business Centre, Guildhall Road, HULL. HU1 1HJ marking your letter "You & Your Money".