Martin Lewis


Martin Lewis, money saving expert

This week: Double-dip recession tips



Is it time to recession-proof your finances? The economy's shrinking, and a panic wave of worry has swept across the nation. Yet before we all go battening down the hatches, risking making things worse, it's worth taking a moment to actually think about what recession really means for our pockets.

The technical definition of recession is that the economy has shrunk for two quarters in succession – in other words, six months. Therefore it's important to understand being in recession's a reflection of what's already happened, rather than a prediction of what will happen.

The announcement that we’re now in a recession hasn’t actually changed anything: the bad causes are in the past, not the present.

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Read Martin's full column here

THIS WEEK'S TIPS:


Tesco 2x exchange is back

Until 13 June, the Tesco Summer Exchange lets
you swap each £5 voucher for £10 tokens to spend
in-store on phones, clothing, gardens, BBQ, iPods & more.

First check if anything in Tesco's Rewards brochure suits; you can treble points' value on train tickets, jewellery etc.

Full help at mse.me/tesco


Get £125 on top service bank account

First Direct (min £23k salary) wins every service poll I've done.

Usually it gives £100 to newbies, but via a specific link it's £125.

Full info at mse.me/bankaccounts


Martin has launched a free service called Cardsgone to help you protect yourself should you lose your cards or wallet.Lose a bag, wallet or purse and it's gut-wrenching - plus you have try and remember what's in it and the numbers you need to cancel everything. Gardsgone.com does this for you, without storing any personal info or data. Simply plug in what's in your wallet and you can print out and store the right numbers to call. Plus you get a unique link to click anytime, which'll update any future number changes.


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