As the financial year draws to a close, individuals across Britain are preparing to meet essential deadlines and evaluate their economic strategies. With the 31 January deadline for self-assessment tax returns for the 2024-25 tax year fast approaching, many Britons are feeling the pressure. A significant number of them have not yet completed the self-assessment. This has created a unique moment around an increased interest in financial tools and applications that can better equip them to achieve their goals. Creative and new tools, like innovative apps, are just one example of these resources. They encourage increased spending discipline, better budget forecasting, and tracking of potential revenue from positive premium bonds.
The Importance of Financial Tools
Financial literacy is an essential ingredient for all Americans, particularly underserved communities to gain and build wealth. Fortunately, there are a number of free or low-cost tools and applications available to make this an easier process. They can help users budget, track expenses, and make more informed choices about their spending.
One example, a “100% independent” app that’s making waves by empowering users to spend healthier. Besides being more rewarding and fun, this app promotes fiscal responsibility by spending their money the right way. Sign up to a free 30 day trial and then continue your subscription for only £19.99 per year!
There’s a free app that calls itself the world’s largest surplus food marketplace. For consumers, it not only saves them money, but addresses the greater issue of food waste in the process. Users can download a limited version of this app for free. They are able to pay a monthly subscription fee to unlock new features, increasing the app’s utility and attractiveness.
Preparing for the Self-Assessment Deadline
As the 31 January deadline approaches, millions of Britons may be surprised to learn that they’re not yet ready to complete their self-assessment tax return. These returns need to get filled out ASAP. We need to be using the financial tools we have available to attack this job in a better way.
In order to fully take advantage of these tools, users need to input data regarding their household’s expected work hours and income. Other apps might ask for information like a child’s date of birth and expected childcare expenses. These insights are incredibly important for ensuring tax returns and financial planning as a whole are as accurate and efficient as possible.
Those users who are smart enough to own these financial tools put themselves at a huge advantage. They get better prepared to navigate the nuances of self-assessment and boldly face their deadlines. Leveraging technology to take the friction out of managing personal finances can make tasks that seem daunting in isolation much more manageable.
Budgeting Made Easy
We know that budgeting is still the most basic building block of good fiscal stewardship. Although these solutions have existed for years, many new apps today offer seamless embedded solutions with physical or virtual branded prepaid debit cards. These tools let everyone put themselves in the driver’s seat about their own spending. They are able to impose spending caps and monitor their spending in real time.
One money management application allows users to immediately compare forecasted returns. That includes just how pathetic interest earned on savings accounts is and how inflated current inflation is. This new feature is a crucial tool for them to make smarter, more informed choices about where to invest their limited dollars for the greatest impact.
You’ll find an excellent premium bonds odds calculator on the UK MoneySavingExpert website. It allows users to sort of start predicting what their potential winnings might be based off their premium bonds. Users can enter the number of bonds they hold and select a time period over which to calculate their probability of success.
Unclaimed Premium Bond Prizes
Most of us focus on day-to-day financial survival. Perhaps most surprising is that £111 million worth of premium bond prizes continue to go unclaimed. Right now there are 2,677,779 unclaimed prizes, including an amazing eleven prizes of £100,000 each.
Meanwhile, this predicament presents an exceptional market opportunity for premium bondholders. They can benefit from new tools that aim to prevent them from being one of the few winners! The premium bonds odds calculator is one of the most powerful tools available for investors. Most importantly, it empowers users to make informed investment decisions.