NEW! Our Hero’s Journey tool can help you with your next step towards financial freedom - click here to try now.
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Playing The Long Game

 

Hey Heroes!

Our goal is to help people learn how to take control of their personal finances and lessen the load of their day-to-day money worries.

Throughout our lives these money worries change as we approach new milestones. As our goals shift, we have new questions and need new products or information…

That’s why today we are very proud to launch Hero’s Journey, our brand new tool designed to help you with your next step on the journey to financial freedom!

Choose a money goal and you’ll find everything from our need-to-know guides through to useful product reviews.

Whether it be paying off debt, working towards a short-term money target, or investing for your future, simply choose the goal that best describes your current interests and get started!
 

Click here to give Hero’s Journey a spin!

  NEWS CATCH-UP
  • Covid-19: English travellers face fines and losing flights without new permit  Read more
  • Budget removed uncertainty for house buyers, says the Halifax  Read more
  • Mothers ‘paying the price’ for career breaks  Read more

Sam’s Savings

 

Playing The Long Game

A friend messaged me recently: “I can’t believe that in my 35th year, gaming is bringing me so much joy! I thought at this stage maybe it would be something else like, I don’t know, baking!?
 
As I was halfway through making a rye sourdough, I gave a wry smile. But I knew exactly where she was coming from. 
 
I’ve owned a games console for over 20 years – but I’ve probably not got into double figures in terms of the game franchises I’ve bought over those decades (my first was Formula One ‘97, one of my most recent was The Last Of Us… and not a whole lot in the middle!)
 
More recently, my PlayStation has solely been used to watch Netflix and the like.
 
However, as a form of escapism during Lockdown 3, my partner and I splashed out £3.24 on Overcooked, a “chaotic couch co-op cooking game” – and it swiftly began eating up hours of our spare time.
 
I’m only a little ashamed to admit that’s how we saw in 2021, to the backdrop of fireworks and Auld Lang Syne.
 
Forgetting the price of the console for a moment, that three pounds or so is less than it costs to rent most movies from streaming services these days – and provided anywhere between 10x and 20x the hours of entertainment!
 
Okay, I dismissed the cost of the console all too easily there to support my argument. But I bought it for £250 several years ago, with Red Dead Redemption 2 included – the critically acclaimed Western action-adventure game that would’ve cost not far off £60 alone.
 
I figure I easily spent 100 hours playing that game. So at a cost of £2.50 per hour, that’s still cheaper than paying Amazon, say, £5.99 to watch Little Women for two and a quarter hours.

Now that’s what I call ‘gaming the system’!

Editor’s Choice

Do first-time buyers pay stamp duty?

Do first-time buyers pay stamp duty?

Stamp duty rules can be a little confusing for first-time buyers. Here’s a useful guide to help make sense of your obligations as a first-time buyer.

Freetrade’s top 5 investing tips to make the most of lockdown savings

Freetrade’s top 5 investing tips to make the most of lockdown savings

Freetrade have passed on some of their top investing tips to help investors aim to make the most of lockdown savings.

Covid-19: what to know about 2021 weddings from the PM’s four-step plan

Covid-19: what to know about 2021 weddings from the PM’s four-step plan

A look at what the PM’s roadmap means for 2021 weddings in the UK, including what you could do to prepare and whether you need a plan B.

   FINANCIAL TIP! 

Making repeated, speculative applications for credit can negatively affect your credit score.

That’s why we’ve teamed up with credit experts Experian to power our Credit Card Eligibility Checker, to allow our readers to check their approval chances for certain credit cards before applying.

This simple tool performs a ‘soft credit check’ – which does not damage credit scores – and then uses the information gathered to show which credit cards you’d be most likely to get approved for

This new feature is available on all of our credit card comparison pages.

Click here to try out our Credit Card Eligibility Checker now.

Happy credit-card hunting Heroes!

We asked, you answered…

Poll taken by @MyWalletHeroUK on Twitter from 1:19pm 24/02/21 over a period of 24 hours.

Although our poll-takers seem to be firmly in the meat-eating camp, it’s easy to see the popularity of veganism has increased as more vegan products and meals appear on supermarket shelves and restaurant menus.

In fact, according to Business Expert, the rate at which the vegan market is growing suggests not only that it is now mainstream, but also that it could actually replace the traditional diet within the next century.

In the next few years particularly, the vegan market, currently valued at $14.88 billion (£10.54 billion), is set to skyrocket.

Research suggests that by 2026, the vegan market could be worth close to $31 billion (£21.94 billion).

So could this be an opportunity for investors looking to diversify their portfolios?

Read on to find out more…

Content Disclaimer: We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing. Tax information provided is for educational purposes only. The content provided in this article has not taken into account the circumstances of any specific individual, and does not constitute personal advice or a personal recommendation for any individual; neither should it be relied upon by any individual when making any decisions. If you require any personal advice or personal recommendation, please speak to an appropriate qualified adviser.

Thanks for joining us today Heroes, we’ll have more money musings winging their way to your inbox soon!

Written by the MyWalletHero Team.