Simple Pound

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A little while ago, the Fool.co.uk website published a list of financial products that they deemed to be the worst possible choices. This regards general product categories as opposed to individual offers and is a must-read in my opinion.

The list can be summarised as follows:

1. Guaranteed Equity Bonds
2. Payment protection insurance
3. Store cards
4. Not-so-secure loans
5. No-deal mortgages
6. Extended warranties
7. Fund of funds
8. Low-interest current accounts (Read my post about this here)
9. Products advertised on TV
10. General warning

Head over there now to read the details of why you should avoid these products and save yourself some money by avoiding mistakes other people have made for you!

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