Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Page 3
    • janessa
    • By janessa 13th Jun 17, 2:42 PM
    • 1 Posts
    • 0 Thanks
    i have been with think money for 28 months thats £490 i then closed it down. cheeky gits have cheek to send me a cheque for 1p!!! absolutly discustings that bank!!
    • tryingmyluck
    • By tryingmyluck 1st Oct 17, 9:40 AM
    • 1 Posts
    • 0 Thanks
    Hi - Iíve been with ThinkMoney for 3 years - I joined when I was diagnosed with Breast Cancer: Iíd always been rubbish at managing my money, and the fall out of that diagnosis, associated treatments etc meant that I needed to do whatever I could to get and stay on track. My husband and I were regularly paying in excess of £100 bank charges each month with Santander, so the £20 monthly charge was still a good deal. To start with I was really happy, the system worked incredibly well, and ThinkMoney was a subsidiary of RBS. When ThinkMoney divested from RBS (sometime in the last year I think) things have rapidly gone down hill. There Have been occasions when they havenít actually budgeted correctly for my bills and Iíve had to scrabble around to get money to put into the account. Theyíve also not transferred the remainder of my salary into my card account a couple of times now - we managed ok thanks to my matched betting account, but I can imagine others were left in serious difficulty as a result. I suppose this is the risk you take when you let someone else take control of your money. When it worked I was happy to pay the account fee - whether I was lazy or not, it was a useful managed service in a time of crisis. But the issues they have now have convinced me to take control of my money again. Iím now switching to Co-Op and probably 1 other bank so that I can set up a similar system myself. The annoying thing is that ThinkMoney arenít joined up to the switching service (shocking!!) so I wonít get the switching incentive from Co-Op and more importantly, Iíll have to manage all those switches manually myself.

    Iíd urge you to think carefully about whether you could set up a similar system yourself with 2 banks before shelling out the monthly fee on ThinkMoney which right now is not fit for purpose.
    • EssexHebridean
    • By EssexHebridean 2nd Oct 17, 10:50 AM
    • 8,719 Posts
    • 46,008 Thanks
    The best approach is ALWAYS to learn to budget, and manage your money yourself, there is no question about this. It really isn't difficult once you get out of the mindset of "I'm terrible with money" - too many people wear this one as some sort of badge of honour, and it really REALLY shouldn't be. I know this, because I've been there myself - it['s something that I'm deeply ashamed of now, looking back - what a ridiculous thing to have done - and it was an excuse, nothing more, it was easier than saying "I don;t know how to do this" and getting help...
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£1035.63 (09/07/18)
    SOA Calculator for DFW newbies: SOA Calculator
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,117Posts Today

6,455Users online

Martin's Twitter
  • RT @samgio1997: So glad you talked about the importance of taking out holiday insurance on this morning as a few years ago my auntie's pare?

  • RT @mmhpi: "Two years ago, I was in the fortunate position to be able to found @mmhpi... I?m incredibly proud of the work the team there is?

  • It means you should either have an annual policy in place, or book a specific single trip policy when you book

  • Follow Martin