This is a Contributed Post
FINANCIAL PRODUCTS AND SERVICES – INDULGENCE OR NECESSITY?
It’s difficult to pick up a magazine, turn on the TV or go for a walk along a main street without being confronted by advertising for financial products and services such as a mortgage or a credit card. The financial services industry is huge, and the vast majority of us have, in addition to our bank current account, at least one other product or service within the sector.
It’s easy to understand why we have these products. Some of them increase our spending power in the present, while others allow us to have a more comfortable future. But do we need them? Do these products represent good value for money? Below, we will look at what is on offer, and consider the pros and cons of owning and using these products.