What’s your financial setup

mr._prude

After an end of year review with OH, we have increased our setup to 9 accounts.

I have split the car account to monthly bills  and annual bills by opening another santander saver.

I also split the Food & Kids account into monthly bills (groceries, dinner money and bus fares) and kids expenses (tuition fees, kids clothes) by opening another Halifax saver.

Hoping 2024 will run a bit smoother!

Organgrinder

At the moment - but i've listed other things as it's part of a bigger picture.

Main current acc with Halifax rewards. Over 5 years this has made me £500 in cashback etc.

Secondary account where shopping etc gets done is with Chase. In 18 months this has made me approx £150.

I also have another current acc which is for switches etc. Again over the last 5 years this has made me approx £800 with incentives and compensation payments when switches have gone wrong - natwest, santander, nationwide and hsbc.

I have far too many credit cards if i am honest inc an Amex one I use for offers and cashback. The Amex made me £150 last year.

I use my tesco clubcard credit card for major purchases - for the protection and for clubcard points.

I have approx £12,000 on interest free credit cards, currently locked away in nsi bonds paying 6%.

My mortgage of approx £60k is at 1.64% until Dec 2025. I have £70k currently in various accounts paying between 4.1% and 6% interest, in premium bonds and in a wealthify account, the latter also generating an extra £175 in welcome bonuses. This year I also made £200 from nutmeg.

For spending I use quidco and topcashback....total cashback and bonuses to date of £110.

I also pay £8 for clubcard plus and usually pop across the border when tesco have their 25% off wine and stock up as I get an extra 10% off as well. In six months my net benefit from clubcard plus is approx £100.

I pay into my workplace pension but also into a SIPP as i intend retiring early and wanted to cover the gap between retiring and state pension. It now looks like this may not be needed, so it's a handy rainy day pot should a major expense come along or a pot to leave to my children.

mr._prude

My personal banking setup is

Nationwide flexi direct current account

Halifax clarity credit card (cleared monthly)

Cash ISA Zopa 5.08%

Invest Engine S&S ISA (funds)

Trading 212 S&S ISA (shares)

Tally account (gold)

eToro (crypto)

Natwest credit card 0% 14 months (for some Stoozing)

My personal Aviva pension used this to mop up all old employment pensions can be accessed at 55 with AMC 0.4%. May add some of my annual bonus to it to help reduce HICBC.

Current work Aviva pension 20% of gross salary per month including employer's contributions, can access at 57.

Fidelity SIPP £50 per month opened to help reduce HICBC.

jbrassy

Set up has not changed much from last year.

I use First Direct as my main account for salary and bills. 

I mainly do my spending on my Amex Platinum cashback card for the cashback. I use Chase where Amex is not accepted or Capital One (0.5% cashback) when I'd rather use a credit card. I try and go through Top Cashback or Quidco to boost cashback. Made over £600 from these websites over 5 years.

For overseas spending I have the Barclaycard Rewards, but also have Starling bank for withdrawing from overseas ATMs. Can also use Chase and First Direct abroad as well.

I also have current accounts with TSB and Barclays Premier (which is being switched to Nationwide) solely for the switching bonuses.

For savings I have a Vanguard S&S ISA and a Tandem easy access account.