Money management - an introduction
■ Different bank accounts pay different amounts of (1) It makes sense to shop around before you open an account.
■ If your salary doesn't always get you to the end of the month, you'll have to arrange a/an (2) with your bank, so it's worth being on good terms with your bank manager.
■ If you're planning to buy a house, you'll probably need to get a/an (3) Once again, shop around to get the best deal.
■ If you're thinking about taking out life (4) , make sure you talk to an independent financial advisor. They'll give you unbiased advice.
■ Make sure you know what (5) you're entitled to. If you're on a low income and have a family, you may be surprised how much you'll receive from the state each month.
■ Even if you're only in your early twenties, it pays to plan for the future. If you can, start paying into a/an (6) scheme now to ensure you have a comfortable retirement.
■ It goes without saying that you should try to avoid getting into too much (7) . Only buy things on credit if you're sure you can afford to pay the monthly instalments.
■ If you do manage to start saving a little each month, you might want to think about buying some (8) Their value can go down of course, but they can be a good (9) , particularly in the mid- to long-term. Many companies pay an annual (10) to shareholders - this can be a welcome source of extra income if the company's doing well.
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