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Ep 41 - Time to make sure all your money is safe
Manage episode 363156744 series 3426902
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Three American banks have failed and an unprecedented £4.8 billion was withdrawn from British banks in March. During the cost of living crisis we need to know our money is safe.
While UK banks are safe it is a good time to make sure that our savings are covered by the Financial Services Compensation Scheme and will be there whatever happens.
It is therefore important to know all the rules and to remember that there are lots of people trying to part us from our money.
Mrs Mean will be detailing where danger lies. To start with crypto currencies are as safe as betting on a horse, offshore accounts may be just as risky and we have to remember that there is no protection when an investment disappoints.
We all need to keep safe and to make sure that elderly and vulnerable friends and relatives are not conned.
"From Passion to Purpose" is a podcast that explores the world of nonprofit...
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Please send ideas questions, tips and warnings about rip-offs to Mrs Mean through the contact page on her website: mrsmeanmoneyshow.co.uk or to infomrsmean@gmail.com
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