The UK financial services market doesn’t have as much competition as the US markets do. For consumers, that really means a lot less choice in such things as credit cards, secured loans, mortgages, and whatnot. But it doesn’t prevent thrifty people from taking advantage of what’s there, and saving money.

For savings accounts, it is a good idea to find banks that do not offer high rates of interest just to attract new business, but then drop the rates after three months. You’d be looking for consistently good rates. So check around.

Home insurance is another area which we need information about. You need to make sure that your premiums are affordable and you get the kind of coverage that you need. Try to avoid the frills here, too, but look for good quality cover. Don’t forget to read the policy, too!

Credit cards, loans and mortgages all take money out of your pocket, so it’s very important that you borrow carefully and use the money you borrowed wisely. With credit cards, it’s all too easy to rack up your debt on things that are consumed and/or represent no lasting value. Loans and mortgages are by nature for more substantial things. But still, the money needs to be spent wisely. Interest rates, penalties and payments can really begin to add up in both cases.

A little caution in this case can bring a lot of benefits! So shop carefully!