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There are many ways you make extra money online, one of the most popular is using survey platforms. By using one of these platforms' users earn cash or gift vouchers that they can use freely.  

Below we have compared the top 3 survey platform to earn extra cash so you can decide which one you should use. You could use multiple platforms to make the most of the rewards, but remember, consistency is key as earning points can take some time.  

The three platforms include Survey Junkie, Inbox Dollars and Swagbucks.  

 

Our choice: Swagbucks  

After research, we would choose Swagbucks to sign up to due to the variety of ways to earn and the sign-up bonuses! 

 

Recognised by Linkedin as a legitimate and reliable way to earn money online since 2008. There are 20 different ways to earn money, giving users a variety of tasks and keeping it interesting. The main ones include, Surveys, paying games, watching videos and online shopping. This means you can include your normal browsing behavior's and earn. 

Sign Up bonuses – A $10 sign up bonus as well as bonus points when you refer a friend. Additionally, if you earn 300 points in your first 30 days the platform will award you with 300 free points the following month. A great way to stay motivated and maximize your earnings 

Earning potential – On average users earn $2-5 a day equaling $730-1,825 a year. 

Drawbacks – Users report waiting a long time for their rewards to be processed, which is not compatible with those who are looking for instant cash. 

 Interested? Find out more about Swagbucks here.

Established in 2000 and recognized as a Better Business Bureau accreditation. A platform you can trust to pay you for your completed tasks which include surveys, watching videos and using the platform's web engine for genuine searches. 

Sign up bonuses – A low signup bonus of $1. 

Earning potential – Average of $50-300 a month for users. When you use the Inbox Dollars search engine you win scratch cards to earn more. 

How to redeem – You can redeem your points in cash via PayPal or in gift cards to popular retailers. 

Drawback- You must earn a minimum of $15 before being able to redeem and the processing time can take a long time. 

Interested? Find out more about Inbox Dollars 

 

One of the most popular survey platforms with over 20 million users due to its accessible and simple interface. You can complete surveys, watch videos, play games as well as sign up to surf-to-earn and be rewarded when you browse the web. Surf-to-earn allows Survey Junkie access into your browsing habits so they can track your patterns and trends. 

Earning potential – Average of $40 a month when completing 3 surveys daily  

How to redeem – Through PayPal to redeem cash or request gift cards for retailers such as Target, Walmart and Amazon.  

Drawback – Users report experience limited number of tasks once their account matures, they have fewer chances to earn points. 

 Interested? Find out more about Survey Junkie here.

So, Which one is best? 

Swagbucks – Best for those looking for a variety of ways to make money online with great bonus rewards. 

Inbox Dollars – Best for those who are looking for a reliable way to make money and those who are often using their search engine to browse and shop. 

Survey Junkie – Best for those looking for simple ways to make extra money through surveys. 

 

Making money online  

Survey Junkie has over 20 million members using their services to make money easily online. As one of the most well-known platforms for earning money through surveys, you can start today and join the millions earning extra.  

Making money online is becoming increasingly popular as more people look for easy ways to increase their monthly income around their current day-to-day jobs. Completing surveys is one way to do this and Survey Junkie is one platform which offers you an accessible way to do this. 

 

What is Survey Junkie? 

Survey junkie is a user-friendly platform so that anyone can start making money online by completing surveys. Brands want to hear from you, you will be giving your opinion on products, services, and more so that they receive consumer insights. 

Once you create an account you will have surveys that match your preferences in interests, length of time and points earned. When you earn enough points, you can convert them into real money either through PayPal or e-Gift cards that you can use. 

 

How to get started on Survey Junkie 

Sign up to Survey Junkie if you are 18 years old or over so you can start claiming rewards.  

 

How you can earn money 

The more you participate, the more you can earn. Survey Junkie cannot take the place of a full-time job, but it will give you some extra money if you are saving for something, or just need a bit extra.  

If you complete 3 surveys a day in your spare time you could make $40 a month on average.  

Each survey you complete you will earn points; one point is equal to 1 cent on average. So, it may take a while to build up your earnings. 

 

How to redeem your earnings 

Once you have earned some points you can redeem them through the platform which uses PayPal if you want money.  

You can also redeem them in e-Gift cards for places such as, Amazon, Walmart, Target and more. This could help you build up a pot of money for your shopping.  

 

Pros and Cons of Using Survey Junkie  

surveyjunkie proscons

Pros - 

 

Cons - 

 

Tips to Maximize your earnings 

- Completing your profile questions so you can have relevant surveys given to you. 

- Logging in to your account daily to check for new surveys. 

- Sign up to surf to earn if you are happy for your data to be shared as you can win more points this way. 

- Referring to friends can often win both of you rewards. 

 

 

Make money online using Swagbucks  

 

What is Swagbucks? 

Swagbucks was founded in 2008 and recognized by LinkedIn as a legitimate and reliable way to earn money online. An online platform where users can earn money by completing activities including surveys, with over 40 million registered subscribers worldwide. It offers over 20 different ways to accumulate points, including completing surveys, playing games, watching videos, and even online shopping. 

It is available to users in the United States, Canada and most countries in Europe. To join you must be at least 13 years old, it is free to sign up offering a flexible way to earn extra income and gift cards for popular retailers. 

 

How to get started 

It is quick and easy to sign up for Swagbucks and registration is completely free too! 

You can sign up on your phone, iPad or laptop and the process will only take a few minutes. Once you have completed signing up, you will receive a $10 bonus, you can get another bonus by referring a friend to join. 

Another plus to signing up is that within your first 30 days if you earn 300 points then you will be gifted 300 free points the following month too. This will help you maximize your earnings and redeem rewards faster. 

 

Ways to earn money 

Swagbucks offers 20 different ways to earn points, making it one of the most versatile earning platforms. Some of the methods include; 

Surveys – These on average take 10-30 minutes and you can earn around 50-300 points for these tasks.  

Playing games – You will be asked to download and test a mobile game so that you can then give your opinions to the platforms. This helps the apps gain consumer insight. 

Shopping online – You can earn cashback by shopping online and upload your receipts onto the platform.  

Although the tasks themselves don’t bring in large sums, Swagbucks says it’s possible to make up to $100 a day. However, most users average $2 to $5 a day, which can add up to $730-$1,825 a year in extra earnings. Consistency is key—small daily tasks lead to larger overall earnings. 

 

Redeeming your earnings 

When you have earned enough points, redeeming them is straightforward. It usually takes around 10-14 days for your rewards to process, something users often complain about. You can choose to cash out via PayPal or opt for gift cards from popular retailers including, Amazon, Target and many others. 

Value – Once you have earned 300 points you can claim a $3 gift card whilst PayPal cash usually starts at 500 points for $5.   

 

Pros and Cons of Swagbucks 

Pros: 

 

Cons: 

 

Swagbucks has plenty of options for you to try and if you stay consistent this could be a great way to make extra money for those Christmas presents or the next grocery shop.  

Want to Apply for free school meals?

Free School meals are provided to students during the school day to make sure all children can access healthy food to sustain them in their education. For many parents, the rising cost of living is making it extremely difficult to provide everything needed and that’s why free school meals are there.  

The National Institute of health reports the correlation between healthy eating and academic success, attendance, and behaviour. This is why if you need help then make sure to check if you are eligible. 
Free breakfast clubs are on the horizon too as Labour pledge to start implementing this initiative from 2025. Families will be able to save up to £2000 when they can enroll their children in free breakfast clubs at school. You can read more about the Free Breakfast clubs initiative here.  

 

Who is eligible for Free School Meals? 

Free School Meals are available to children in full-time education in primary or secondary school in the UK. A child can obtain these meals if their family is receiving certain benefits, meets an income threshold or they are receiving asylum support. 

Your child is protected from losing their free school meals and will have access to the service until the end of their education period in Primary or Secondary school. 

Income threshold – Families who receive no public funding, which means no benefits and can work but have a lower income could be eligible for free school meals for their children. 

£22,700 for families outside of London with 1 child 

£26,300 for families outside of London with 2 or more children 

£31,200 for families within London with 1 child 

£34,800 for families within London with 2 or more children 

Additionally, the family cannot have more than £16,000 in savings or investments. 

Benefits eligibility - If you are receiving certain benefits your child could be eligible for free school meals; 

Asylum support 

If you are receiving Home Office asylum support, your children may be eligible for free school meals. This benefit makes sure that children in families seeking asylum have access to nutritious meals during the school day. To confirm eligibility, you should check with your local authorities, this includes the council or local education department, or directly contact your child’s school. They will be able to provide information on the application process and guide you through any documentation required. Having access to free school meals can be crucial for asylum-seeking families in reducing financial strain while ensuring children are well-nourished for learning.

 

How do I apply? 

You can apply online through your local council’s website; you will have to wait until your child has a confirmed space in a school in that area. If you tell the local council that you qualify for free school meals, then your child’s school will be given extra funding to ensure this service can be carried out. You can include multiple children in one application and you won't have to inform the school yourself, the council should notify them.

Necessary documentation -

You will first need to create an account, if you don't already have one on your council's website. You will then be asked to fill out a form to apply for free school meals. They will ask for personal information such as, your address, the address of the school your child is enrolled in, bank statements as well as proof of benefits. This will be necessary so that the authorities can check you meet the criteria before they can accept.

During the application process you will be required to provide your national insurance number as one of the necessary documentation. This is used to verify your eligibility, making sure that the application meets the criteria set. Make sure to have this document ready when completing the application to avoid delays.

 

3 Benefits of Free School Meals 

freeschoolmeals

The Nutritional impact -

There are so many advantages for children having healthy meals and this includes their academic success and focus. The World Health Organisation revealed that eating healthy from an early age can help to prevent complications later on. Eating the right food also have an impact on brain function which means your child can get more out of their education. 

Financial Relief for Families -

The cost of living has impacted how parents can provide for their children with many families deciding between food, water and electricity each week. By having free school meals parents can know their child is getting a healthy meal every day and they don’t have to budget this into each day. 

Social Inclusion 

Free school meals helps to promote inclusion within the school environment by allowing all students have access to the same food options. This can help those students to sit with their peers at meal times and reduce the stigma often associated with poverty. This sense of equality and belonging can improve children's self-esteem and contribute positively to their emotional well-being, enhancing their overall school experience. 

 

Common Questions 

Do I have to reapply every year? 

No, you will not have to reapply each year, your child should receive free school meals until the end of their education period, when they leave the school. You may have to inform the school and council if your situation changes. 

Will the School be notified? 

Yes, once you have submitted your application and it has been accepted by the council, they will notify the school. 

Do all schools offer free meals? 

All state funded schools will offer free school meals for those who qualify. From 2025 certain schools will start implementing free breakfast clubs too. 

 

Free School Meals During School Closures or Summer 

Food Vouchers - 

If your child is eligible for free school meals, then your school will often hand out food vouchers. This depends on whether your council is funding this service, so check on the website or ask the school. This scheme began during COVID but some regions are still offering this. 

HAF - 

The holidays and food program are funded by the government so those who are eligible to get free school meals during term time can also receive support during school holidays. This access includes free meals, enriching activities, and nutritional education during the summer and other school holidays. 

 

 

Take action! 

Take action today by checking your eligibility as your child could get nutritious meals at school for free. Even if you are unsure whether you qualify it can be worth checking as it could provide significant financial savings for your family. Don’t miss out on this opportunity to essential fuel children need each day.  

Contact your local authority or your child’s school to explore the options available to you. 

Free School Breakfasts in the UK: How Much Can Parents Save? 

The Labour party promised in their manifesto to introduce free breakfast clubs in primary schools. Now, its time to see if they will keep to their promises. This could alleviate a substantial financial burden on parents and families in the UK.  

For many parents, the daily struggle of balancing work, childcare, and school schedules adds both stress and expense. A free breakfast program could reduce these pressures, particularly for those already paying for school breakfasts or before-school care. 

 

What Can I Save with a Free Breakfast Club? 

Parents who currently pay for school breakfasts can expect to save around £400 per year when they receive access to the free clubs.

These savings are based on the typical costs that parents pay for breakfast services in schools, which often range from £1.50 to £2.50 per day.  

For families who currently rely on childcare before school, the potential savings are even greater. The savings could be as high as £2000 per year as the need for early morning childcare could be eliminated.  

The free breakfast initiative is particularly beneficial for parents of children with disabilities. A study by Pro Bono Economics found that couples with a disabled child earn, on average, £274 less per week compared to those without. This reduced income often means parents face added financial challenges, so the introduction of free breakfasts could provide meaningful assistance by reducing both food and childcare expenses. 

 

When Can I Expect to Have Free Breakfast Clubs? 

Labour has committed to investing £315 million in breakfast clubs by the 2028-29 school year, meaning parents can expect to see these changes rolled out in the coming years. 

The Chancellor has now announced that up to 750 schools with primary aged students will be invited to take part in a £7million breakfast club pilot.

This funding will allow those schools to run free breakfast clubs for pupils in the summer of 2025. Given the scale of the investment and the need for proper infrastructure, a phased rollout is likely, which means parents might see the gradual introduction of free breakfast clubs in some areas before the national launch. 

 

Will Free Breakfasts Include Schools for Disabled Children? 

One of the main questions parents are asking is whether this free breakfast scheme will cover all schools, including those catering to children with disabilities. Labour’s commitment to inclusivity in education suggests that the free breakfast initiative will extend to special education needs (SEN) schools. Given that parents of disabled children face higher costs across the board—including additional childcare and schooling expenses—the inclusion of these schools would be critical in alleviating financial pressures for these families. 

We are still waiting for confirmation that this initiative will also be launched in SEN schools. 

 

Free School Breakfasts—A Lifeline for Parents 

Parents and families are waiting for this initiative to begin as rising costs of childcare and school-related expenses make it more challenging. Although the full rollout is slated for 2028-29, parents can look forward to this much-needed support in the coming years. By easing the financial strain on working families and ensuring that all children start their day with a healthy meal, this policy promises to make a meaningful difference in the lives of many UK families. 

 

Let us know below if you are waiting for the roll out of free school breakfasts....

Investing for beginners  

Looking to start investing but not sure where to start and how much to start with? This guide can help you get started and be confident about beginner investing because everyone deserves to understand how to grow their money. You can turn £100 into £1000 over time by understanding your personal risk tolerance, whilst leveraging the power of compound growth. You can use a compound interest calculator to see how this tool can help.  

 

Can I start Investing with £100 or less? 

Yes! You don’t have to start with a huge sum of money, gambling away your hard-earned cash to invest. Investing is more accessible than before and with technology, user-friendly platforms anyone can start. To start, all you need is to learn the right approach for you, and the sooner you start, the more time your money grows. Small investments can grow into substantial amounts of money when managed correctly and with patience.  

Set yourself clear financial goals and know your personal risk tolerance so you don’t get ahead of yourself.  

 

Simple steps for beginners 

To start investing you will need to know the different types you can invest and choose which one will work best for you.  

This can provide a low-risk investment with a diverse portfolio and a low potential for loss. With an EFT, you get a bundle of assets you can buy and sell, investing in multiple companies helps to keep the risk low as you aren’t relying on only one company to do well.  

This is when you invest in one business at a time. There is a bigger risk as you need the one investment to do well in order to succeed. However, with individual stock you could be offered a bigger return as you would have put everything into it. If you start with £100, the total amount would be invested in one company. If the value of the company increases, you can watch your investment grow before drawing it out. 

This is one of the best ways to invest for beginners, these accounts allow you to invest up to £20,000 per year, any profits you make are also tax free. This means you get to keep more of your return.
Platforms such as Hargreaves Lansdown offer easy access to a Stocks and Shares ISA ideal for beginners. With HL you can open an account with as little as £100 and choose from a range of investments including those mentioned above. As a beginner, these accounts can also give you a ready-made portfolio managed by professionals which will stick to your goals and risk tolerance you set up. This means you won’t have to decide where to invest your money.  

 

Tips for Beginners 

By understanding and knowing what your goals are then you can determine your risk tolerance and know what is best for you in investing.

When you begin investing and you are starting with a small amount due to not having a lot of disposable income it might be a good idea to set your risk tolerance low, which means investing in a diverse portfolio (EFT). Understanding why you are investing, is it for a particular purchase such as buying a house, or to generally allow your wealth to grow?

If you can, it will benefit you to invest regularly as consistency can yield significant returns due to compounding. This can be £20 per month or more. 

If you are investing with a small amount to begin with then you should focus on long-term growth and not quick profits. The market trends upward over time so playing the long game can often be a safer bet. 

Online trading platforms like Hargreaves Lansdown or eToro make investing easy and simple for beginners. They often provide resources and more to help you understand and manage your portfolio and take out the guess work. Many of these will allow you to start with as little as £100. You can find more trading platforms here. 

 

Turning £100 into £1000 through investing 

Investing can sound scary and if you don’t know where to start then make sure you do your research first. Using trading platforms can help you to set up and manage your portfolio easily. Using these steps, you can see your wealth grow and you can start with as little as £100.

 

What is Fintech?

Fintech is short for Financial Technology, a term which describes the technology used to simplify and improve financial services. This includes mobile banking, investing apps, cryptocurrency and more. Fintech was created to bring convenience to your everyday financial processes for businesses and consumers. Without knowing it, you have and are using fintech in your everyday finance management.

 

What does Fintech do?

Fintech is useful for businesses and consumers alike.

From payment solutions to investment platforms, fintech also makes financial services more inclusive by lowering barriers to access. For instance, many fintech applications offer no-fee bank accounts, fractional share investing, and peer-to-peer lending platforms, giving consumers more opportunities to grow their wealth.

 

For businesses

fintech tools can improve operational efficiency by automating payroll, invoicing, tax filing, and even financial forecasting. It enables companies to streamline their financial workflows, reduce administrative costs, and free up time for more strategic tasks.

 

For Consumers

Consumers benefit from fintech by having more control over their financial lives. With the rise of personal finance apps, users can track spending, set savings goals, and monitor investments in real-time. The tools provide a complete view of personal finances, helping individuals make informed decisions based on data-driven insights.

 

What is Fintech used for?

Fintech operates through apps on computers and phones, bringing financial services to us. This is used in various ways including…

 

Robo-Advisors – Helping people create investment portfolios based on their personal goals and risk tolerance. This offers affordable and simple wealth management solutions for consumers

Payment apps – Such as, PayPal, Venmo and Apple pay make it possible and easy for every to send, receive and manage money from our phones. There are various advantages of using PayPal. They eliminate the need for cash and checks for any payments including international.

Peer-to-peer lending – Platforms such as, LendingClub allow consumers to lend money to others without using banks as intermediaries. This can often provide both parties more favourable rates.

Investment apps – These platforms make is accessible for more people to start investing. They offer resources and advice for novice investors so that more people can grow their wealth. Find trading platforms you can use to start.

Cryptocurrency Apps - Blockchain, the primary technology for most cryptocurrencies, is a significant aspect of fintech, representing a reorganised way to conduct financial transactions outside traditional banking systems.

 

Examples of Fintech in Everyday life

Fintech has become a part of daily life for many consumers, even if they’re not aware of it. Here are a few common ways consumers interact with fintech:

 

 

Impact of Fintech on personal finances

Whether you’re using a simple payment app or diving into cryptocurrency trading, fintech brings the tools for managing your finances right to your device. Consumers now have access to tools that explain investment options, track spending habits, and create budgeting plans.

 

How will the U.S. Interest rates cut affect you?

The recent announcement from the US Federal Reserve as they made a significant cut to interest rates of 0.50% points marks the largest reduction in interest rates since 2020. Typically, the Federal Reserve adjusts rates by just 0.25 percentage points at a time, so this half-point cut is a substantial move designed to have a noticeable impact on the economy.

The cut brings the federal funds rate to a range between 4.5% and 4.75%, the lowest it has been in two years.

Their goal with this cut is to stimulate the US economy, encourage businesses to and consumers to borrow more money at lower rates. This should lead to more spending and in turn economic growth.

 

Why have interest rates been so high?

Interest rates in the US and globally have been at a record high over recent years due to a combination of pressures. COVID-19 caused economic disruptions and the supply chain issues that followed caused a surge in inflation in the US and globally. Consumer prices have been rising for goods like groceries, fuel and housing which has prompted the Federal Reserve to act.

They raised interest rates in several increments, hoping to cool down spending and borrowing, which in turn could help bring inflation under control. When borrowing costs increase, both consumers and businesses tend to spend less, slowing economic growth and reducing inflationary pressures. Over the past year, the federal funds rate had been raised to around 5%, one of the highest levels in decades.

This has had a substantial effect on the economy, the housing market has begun to cool due to higher mortgage rates and businesses pulling back on investments. Inflation has began to moderate as the Federal Reserve begins their balancing act to ensure inflation doesn’t reignite whilst avoiding a recession.

 

Why have they cut interest rates now?

While inflation has eased in recent months, there are concerns that the high interest rates were beginning to stifle growth too much. By making borrowing cheaper through this significant 0.50 percentage point cut, the Fed aims to boost both consumer spending and business investment. This recent cut should support economic growth in the US for 2025.

Lower interest rates can make it cheaper for businesses to expand, hire more employees, and invest in new technologies. For consumers, this can mean more affordable loans for things like homes, cars, and education. As borrowing costs decrease, individuals are more likely to take out loans, which in turn can drive up demand for goods and services, helping to boost the economy.

With reduced interest rates, consumers might feel more confident about making big-ticket purchases, such as homes or cars, knowing their monthly payments will be lower. In turn, this renewed confidence and spending can have a ripple effect, encouraging businesses to expand and invest more heavily, further stimulating the economy.

 

How the rate cuts affect the typical US family

This rate cut has several implications for US families, particularly when it comes to managing everyday expenses. One of the most immediate effects will be felt in mortgage rates. Families looking to buy a home or refinance their current mortgage may see lower interest rates, which can significantly reduce monthly payments. A 0.50% reduction in interest rates can translate to thousands of dollars saved over the life of a mortgage, making homeownership more affordable.

Those with credit card debt or personal loans may notice lower interest rates on their outstanding balances making it easier to manage repayments. Financing a new car or making large purchases will become more affordable as loans will be more accessible. This will allow families to have an increase in spending money which will be poured into the economy through purchases and days out.

 

How global markets are affected

Changes in U.S. monetary policy often ripple through global markets, and countries like the UK could be affected. For instance, the UK’s financial markets often move in tandem with the U.S., particularly in terms of bond yields and currency exchange rates. If U.S. interest rates decline, it can weaken the dollar, making other currencies like the British pound stronger in comparison. This can affect UK exports, making British goods more expensive for U.S. consumers.

US rates can also promote central banks such as, the Bank of England to consider their own policy adjustments.

 

The next announcement

the next major Federal Reserve decision is set for November 7th, just after the U.S. elections. The timing of this announcement has sparked debates about how political and economic factors will intersect. Many are questioning whether future rate cuts will continue or if the Fed will pause to reassess the state of inflation and economic growth post-election.

Financial forecasting is innately complex, and to the untrained eye, it’s almost indecipherable. Thankfully making sense of the numbers involved is less of a struggle thanks to Power BI.

This data visualization wizard helps you spot trends, see opportunities, and dodge pitfalls in everyday personal finance and investment decisions.

Here’s a look at how it does this, and why you should consider using this type of tool yourself.

Visualizing Financial Data

Being able to express financial data visually makes understanding complex trends straightforward. Power BI simplifies this process by transforming raw numbers into intuitive visuals.

For example, let’s say you use it to create a bar graph which illustrates your monthly expenses. With this you can instantly spot which category is the biggest drain on your finances, and so needs the most attention.

Key features include:

All of this is equally valuable in a business environment. Entire finance teams benefit from having visual cues on hand to enhance forecasting accuracy and decision-making speed. And since you can take a Power BI course online, you can quickly get to grips with the more advanced features this platform provides, rather than being baffled by them.

Furthermore, effective visualization helps stakeholders see the big picture without diving into dense spreadsheets. This approach improves communication within teams and clarifies goals for non-financial colleagues.

Overall, using Power BI turns abstract data into tangible stories is a way of guiding informed decisions in both personal and professional finance scenarios.

Real-Time Data Integration in Forecasting

Getting the latest data is crucial for financial forecasting, and Power BI shines by offering real-time integration capabilities. This means you aren't making decisions based on outdated numbers or bad data, which can cost businesses $15 million annually.

Suppose you link your Power BI to an external accounting platform. It will then continuously update, reflecting any changes instantly so you're always working with fresh insights.

Benefits include:

Incorporating these features streamlines workflows in a business context. When everyone works from the same live data set, collaboration improves naturally and drastically reduces room for error.

So whether managing personal finances or overseeing company budgets, leveraging real-time integration gives you that edge over competitors who rely on static reports. Timely reactions mean seizing opportunities instead of watching them pass by unnoticed while waiting for old-school reports to arrive.

Enhancing Decision-Making with Predictive Analytics

Predictive analytics in Power BI empowers you to anticipate financial outcomes before they occur. Using historical data lets this tool forecast future trends, providing a proactive edge.

Let’s say you own a small business. Analyzing past sales data with Power BI means you can predict next quarter's revenue quickly and cleanly. With such insights, you're prepared for potential dips or booms ahead of time. Thus this gap-closing tech is part of the reason that small businesses have been responsible for 70% of jobs created in the past 5 years.

Key advantages include:

This approach also proves beneficial for personal finance planning by highlighting savings opportunities and alerting you to impending cash flow issues.

Moreover, embracing predictive analytics leads to smarter choices and minimizes the guesswork involved in financial decisions. You save time previously spent crunching numbers manually and instead focus on developing strategic responses based on data-driven predictions, effectively steering your finances toward a future defined by stability.

Custom Dashboards for Personalized Insights

Power BI allows users to create custom dashboards tailored to individual needs. This personalization means you see only the data that truly matters.

Take the example of an investor managing diverse portfolios. Setting up a bespoke dashboard means they can track asset performance at a glance and make informed adjustments when necessary.

Core features include:

In corporate settings, team leaders tailor dashboards according to departmental goals or KPIs. Each member accesses relevant information without wading through unnecessary clutter.

Additionally, having everything personalized streamlines your analysis process by emphasizing what aligns best with personal or organizational objectives. There’ll be no more wasting time on irrelevant data points, and you can instead focus squarely on achieving desired outcomes while maintaining full control over how insights are presented and shared among peers.

Final Thoughts

Put simply, Power BI really does hold the key to quick, efficient and accurate financial forecasting which almost anyone can interpret and act upon. Integrating real-time updates and using predictive analytics enables users to make smarter decisions in a snap.

On top of this, custom dashboards further enhance the experience by offering personalized views that align with individual goals.

So whether you’re managing personal finances or taking the wheel of corporate budgets, the tools provided ensure clarity and accuracy in every step of the process. And with online training courses available, anyone can become a Power BI power user remotely.

ASOS through the years

Founded in 2000, ASOS (As Seen On Screen) emerged as one of the leading online fashion retailers in the UK, catering to a global audience with its wide selection of clothing, accessories, and beauty products. Initially launched as a platform where customers could buy outfits similar to those worn by celebrities, ASOS quickly grew in popularity, particularly among younger, fashion-conscious shoppers looking for affordable and trendy options.

Over the years, ASOS expanded its offerings and developed its own in-house clothing line alongside the 1,000 brands available on its platform currently. The company capitalised on the e-commerce boom in the early 2000s, building a reputation for fast fashion, variety, and customer service. ASOS became a fashion powerhouse in the 2010s serving millions of global customers, innovating through their app, free returns policy and influence partnerships which are continually more important.

However, despite its early success, ASOS has recently faced significant challenges.

 

ASOS’s First Operating Loss and 2023 Financial Decline

In 2023, ASOS reported its first-ever operating loss of £248 million. This was a significant blow, as it came after years of impressive financial growth.

Revenue for the year totalled £3.54 billion, which marked a 9.9% decrease compared to 2022.

One of the main factors behind the financial decline was the decrease in active customer engagement. ASOS had 23 million active buyers in 2023, with around 40% of these coming from the UK. While this is still a large customer base, the overall number of orders placed dropped dramatically, from 98.3 million in 2022 to 83.7 million in 2023. This decline in consumer activity highlights the difficulties faced by online retailers amid changing market conditions.

The average basket value increased during this period, rising to £40.88 in 2023 from £38.21 the previous year. This suggests that while fewer orders were placed, customers who did shop at ASOS were spending more per transaction. However, this was not enough to offset the overall decline in order volume.

Several factors contributed to ASOS’s struggles in 2023. Inflation and the cost of living has reduced consumer spending across various sectors including fashion. Households have less disposable income for non-essentials. The rise in competitors and an increase in retailer apps makes it harder for ASOS to maintain its dominant position. Many shoppers are starting to increase their sustainability when finding new items, this includes finding second hand options or shopping less often. This could impact the amount of orders placed with ASOS in 2023.

ASOS share price is constantly changing however, there have been hints of recovery of late, climbing 7.98% over the past year. This is still a long way from the historical highs of over £57 in 2021.

 

How ASOS maintained popularity

Despite these challenges, there are several strategies that online retailers like ASOS can employ to maintain or regain popularity in a highly competitive marketplace. First, customer experience remains paramount. Offering features like free and easy returns, fast delivery, and personalised recommendations can encourage customer loyalty. ASOS, the user-friendly app with a vast range of brands, already has a strong foundation in this area, but continual investment in enhancing the online shopping experience will be key to staying ahead.

ASOS is also known for its ability to offer the newest styles and trends at affordable prices to keep up the fast changing landscape of fashion as well as keep up with other fast fashion competitors. Online retailers must balance being trend-responsive with sustainability—an area where consumer expectations are shifting. As more shoppers become conscious of the environmental impact of fast fashion, offering sustainable options and transparent business practices can be a powerful differentiator.

Another crucial factor is adapting to new marketing strategies. The rise of social media and influencer culture has significantly changed how consumers engage with brands. ASOS has a history of successful influencer collaborations, but as digital marketing evolves, it needs to embrace new platforms like TikTok and leverage the power of short-form content to reach younger audiences.

 

When inflations rises with the cost of living it can be difficult to make your savings count, there are ways to keep on top it the changes and protect your funds.

The Impact of Inflation on Your Savings 

Inflation measures the rate at which prices for goods and services increase, leading to a decline in the real value of money. For example, if inflation in the UK is 3% annually, what costs £100 today will cost £103 next year. While this increase may seem small, over time, it can significantly erode your savings.

Inflation is currently at 2.2% after the latest rise in August, the first rise of the year.

Inflation is predicted to rise further before falling again. The Bank of England is set to make their announcement on the base rate later this week and with inflation rising, could this mean another increase since their latest drop to 5%? 

Consider a UK savings account offering a 1% interest rate. If inflation is 3%, your real return is actually negative—your money is losing 2% of its value each year (1% interest - 3% inflation = -2% real return).

Even though your bank balance might grow slightly, the purchasing power of your savings decreases, meaning your money buys less.

Find out more about how inflation works and what it means.

 

Protecting Your Money from Inflation

Use this money saving help to protect your savings from inflation and make your money go further.

7 tips for using U.S. Credit Cards Abroad

Whether you're planning a relaxing beach vacation, an adventurous backpacking trip, or a business trip abroad, having the right credit card in your wallet can make a significant difference. From saving on foreign transaction fees to earning rewards on your spending, here’s what U.S. travellers should consider when choosing a credit card for international use.

You can find tips for UK travellers to find the right card to use abroad here too.

 

Prioritise Cards with No Foreign Transaction Fees

One of the most important features to look for in a credit card when traveling abroad is no foreign transaction fees. Many cards charge a fee—typically around 3%—on every purchase made outside the United States. While this may not sound like much, it can quickly add up over the course of your trip.

Fortunately, many credit cards geared towards travellers waive this fee, allowing you to make purchases without worrying about the extra cost.

Popular options with no foreign transaction fees include;

Chase Sapphire Preferred Card

    • This card is popular among travellers due to its 2x points on travel and dining and its lack of foreign transaction fees, making it ideal for international use.

Capital One Venture Rewards Credit Card

    • Known for its straightforward rewards system, this card offers 2x miles on every purchase and doesn’t charge foreign transaction fees, making it a great choice for frequent travellers.

American Express Gold Card

    • This card offers 4x points on dining worldwide (including restaurants abroad) and 3x points on flights booked directly with airlines. It also has no foreign transaction fees.

 

Consider Cards with Travel Rewards

If you travel frequently, a credit card that offers travel rewards can be a great way to maximise your spending. These cards typically earn points or miles on every purchase, which can be redeemed for flights, hotels, and other travel-related expenses.

For example, the Chase Sapphire Preferred Card offers 2x points on travel and dining, while the American Express Gold Card provides 4x points on dining at restaurants, including those abroad, and 3x points on flights booked directly with airlines. These rewards can help offset the cost of future travel, making your trips even more affordable.

 

Look for Cards that are widely accepted

While Visa and Mastercard are widely accepted worldwide, some American Express and Discover cards may not be as universally accepted, particularly in smaller establishments or more remote destinations. Before traveling, check which networks are most commonly used in your destination. It's often a good idea to carry at least one Visa or Mastercard for broader acceptance, even if your primary card is an American Express or Discover card.

major credit cards

Check for Travel Insurance Benefits

Many premium travel credit cards offer valuable travel insurance benefits, which can provide peace of mind during your trip. These benefits might include trip cancellation or interruption insurance, baggage delay insurance, and travel accident insurance.

The Chase Sapphire Reserve offers comprehensive travel insurance, including trip cancellation, emergency evacuation, and travel accident insurance.

While these cards often come with higher annual fees, the protection they offer can be well worth the cost, especially for frequent travellers.

 

Look for Cards with Airport Lounge Access

If you’re someone who spends a lot of time in airports, having access to airport lounges can make your travel experience much more comfortable. Several travel credit cards provide complimentary access to lounges around the world as part of their benefits.

The Platinum Card from American Express, for example, offers access to the Global Lounge Collection, which includes more than 1,200 airport lounges in over 130 countries. Similarly, the Chase Sapphire Reserve offers Priority Pass Select membership, which grants access to over 1,300 lounges worldwide. Lounges often provide free food, beverages, Wi-Fi, and a quiet place to relax, making your time in transit more enjoyable.

 

Consider Cards with Chip-and-PIN Technology

While chip-and-signature cards are standard in the U.S., many countries abroad prefer or even require chip-and-PIN cards. Having a card with chip-and-PIN functionality can make it easier to use automated kiosks, such as those found at train stations, gas stations, and parking garages.

Most U.S.-issued credit cards now come with EMV chip technology, but not all offer the ability to set a PIN for transactions. Cards like the Barclaycard Arrival Plus World Elite Mastercard offer chip-and-PIN capability, which can be especially useful in countries where this is the preferred method of payment.

 

Check for Emergency Assistance Services

Having a card that offers emergency assistance can be invaluable if you encounter issues like lost luggage, medical emergencies, or legal troubles abroad. Many premium travel cards provide 24/7 concierge services, travel assistance, and emergency card replacement.

 

Use these 7 tips for using U.S. Credit Cards Abroad so you can cut down the costs on your next getaway!

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