DEBT
Debt
The traps, with the price tags left on. Every one was designed by professionals, which is exactly why knowing the design beats them.
- At 16 you can open one yourself. At 18 the bank converts it, keeps the same number, and adds an overdraft you never applied for.Bank accounts at 16 and 18: what changes, and when
- You agreed one number and a smaller one arrived. Every hand that took a slice, and the tax code mistake nobody tells you about.Your first payslip: where the money went
- Put in what you earn and watch the four deductions come off. Runs on your phone, sends nothing anywhere.Payslip checker: what actually lands
- Vinted, eBay and Depop send HMRC your figures every January. Being reported and owing tax are two different things.Side hustle tax: what they actually know, and what you actually owe
- Two people, same wage, one owes £20,000 and one owes £60,000. Both repay the same. Why it behaves like a tax.Student loans: is it really a debt?
- About 40% a year at the big banks, and nobody ever applied for it. The free student one has a timer on it.Overdrafts: the most expensive money you never applied for
- The £20 gift that costs £63, and why the till is designed to rush you.Store cards: the shop's favourite trap
- The law says a lender can never take more than double. Ask why that law exists.Crazy APRs: payday loans, BNPL and other rockets
- Why it costs so much at seventeen, what an excess really is, and the cheap trick that is a criminal offence.Insurance: what are you actually buying?
- A £2,000 car is 28% of a £7,145 first year. Insurance alone costs 85% of what the car cost.Your first car: the bill nobody adds up
- Mileage, MPG and a real insurance quote in. The cost a year, a month and a mile out. The petrol is a quarter of it.Car running cost calculator: what a car really costs
- Every rule on this site on one screen, each linking to its proof.The do and don't list