Simon Read, Personal Finance Expert for the Independent, gives his advice for handling your money after Christmas.
The low inflation rate dropped to 0.5 per cent in December, making it the lowest it's been in 15 years. While this is excellent news for consumers, many savers may be missing out on potential earnings from interest. Simon says around half of accounts don't offer an interest rate above then needed 0.68 per cent, so those hoping to make money from their money should swap now.
Simon also discusses the E.on cuts prices, which have gone down by an average of 3.5 per cent. He describes it as a tactic to avoid bad press - and urges people to look harder for the many better deals which are out there.
It is an excellent time to buy a low-price fixed term 10 year mortgage. However, while its a great time to get such a mortgage, Simon warns that they are an unusual way to pay for a house and not necessarily right for everyone.
Finally, there is a tax return reminder. There is just over two weeks to file your return online - the closing date is 31st January.