Ask Andy #43: Your money questions answered

My regular round-up of your personal finance questions.

I love hearing from you, whether it’s on the blog, social media, YouTube or email. Often you’re asking me questions about your finances, and I’m always glad to help if I have the time.

But I realised that my answers could also be useful to other followers. So I’ll be putting my responses to the best questions into regular articles here on the blog.

Keep reading for some of the questions I’ve been asked, plus the video live from this week with even more!

Watch the latest live Q&A

Most Tuesday evenings you’ll find me live on YouTube and Instagram answering your questions. It’s probably the best place to ask!

Here’s the latest video:

This week’s extra questions

If you’ve asked me a question elsewhere, you might find the answer below!

How do I get my Monzo card to pay in bahts?

Hi. I’m going to Thailand in a few months but I need to know how to change the money in my Monzo account into Thai baht, how do I do that?

Cheesy via YouTube

You don’t need to – you just spend as normal with your card (choose the local currency not pounds if given the options) or use it to take money out of a cash machine. It might be worth changing some currency before you go though, just as a back up for when you arrive.

Will I get a second Amex bonus?

Hey Andy, can You confirm IF I have the Amex Preferred Gold card, and get Amex BA Premium Plus, will I get the welcome offer?

Roscoe, via YouTube

Yes! The only exclusion for the Amex BA cards is that you don’t have or haven’t had a BA Amex in the last two years. Here’s more on how the different welcome offers work.

Andy’s YouTube

Watch new videos every week on the Andy Clever Cash channel, plus a regular live Q&A

Is Nationwide’s Flex Direct good for savings?

Looking at the Nationwide Flexdirect account and it says you can earn 2% on balances up to £1,500. Yes you have to pay in £1,000 a month to get that but it does not have to stay there. Is it a good idea for an instant access account? 

Alistair, via the Facebook community

I’d actually stay clear as you only get the interest for 12 months the first time you open the account. I’d hope with rates increasing that Nationwide will boost this in the future (of course they might not). Here’s my review.

How should I pay for my wedding?

Hi Andy. I’ve recently come across your YouTube and instagram and found your videos extremely helpful! I just wanted to ask which card you would recommend if I am having a wedding in May and have a lot of expenses that I would get maximum benefits from? Many thanks in advance

Ore, via Instagram

There are a couple of benefits for your wedding spending, The first is extra consumer protection if something goes wrong. Any credit card will cover purchase over £100 (more on this here).

The next is cashback. Personally I’d look at one of the American Express cards if you’ve not had them before as the welcome bonuses can be huge. Check the different terms and conditions though.

Ultimately though it’s vital you check eligibility before applying. This tells you the chances of getting accepted – the higher the better.

Andy’s podcast

Listen to Cash Chats, Andy’s twice-weekly podcast. Episodes every Tuesday and Friday.

Where should I put joint savings?

Hi everyone!! Anyone got a good recommendation for best joint savings account out there at the moment? 

Callum, via the Facebook community

I’d open up a joint Virgin Money M Plus account. 2.02% on the first £2k and 1% on the next £25,000.

Who pays off my old credit card?

If I transfer my credit card balance to 0% interest introductory credit card, who pays off the old credit card?

Ivan, via YouTube

The new credit card company will effectively clear the old debt, but put it on the new card. Here’s more on how Balance Transfer cards work.

How to ask me questions

The best ways to get in touch is in the Andy Clever Cash Facebook community

Just post your question any time, or ask me live in my weekly Q&A each Tuesday (which is on Instagram and YouTube).

You can also comment on individual blogposts and videos or ask me questions via these channels:

I can’t promise I’ll be able to answer all questions but I’ll do my best. I tend to look once a week at all the messages, but it can take longer – so you might have to bear with me for a reply.

One thought on “Ask Andy #43: Your money questions answered

  1. Hi – I am looking to change 3 bank accounts ( Santander & Nationwide) as I am no longer eligible for the benefits.
    I am considering either Metro or starling for the benefit of being able to use my debit card abroad- I understand cards can be used contactless as in the UK. Which would you advise ? Reviews seem to indicate that debit cards are sometimes blocked and it’s not easy to contact the bank.
    I was also considering First Direct as they apparently have good customer service and are also offering a joining bonus- I believe £150.
    I like to have separate accounts.
    Would appreciate your comments .
    Regards
    Jeanette

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