Ed Bowsher, Finance Expert

Hi, I'm Ed Bowsher and I'm a financial commentator at lovemoney.com, the money management website.

I'm one of those lucky people who really love their job. I'm fascinated by all aspects of finance. I realise that lots of people see things very differently – they're not interested in money at all, but if you're willing to spend just one hour a week on managing your money, I believe you'll almost certainly make yourself richer.

 

 

The most important money management technique is budgeting. Firstly, keep an accurate record of what you spend all your money on - right down to a Mars bar or an apple. If you do that for a month, you'll probably see areas where you can save. Then you can set up a budget for your spending in future months. Stick to it and your finances will improve.

So, why not spend one lunch hour each week making sure you hit your budget plan? You could also check your bank accounts and loans in the same lunch hour. When it comes to savings, banks often lure you in with a high interest rate on a new account. But after you've had the account for around a year, the rate normally starts falling. Before long, you’re getting a rubbish return on your hard-earned cash. Thanks to the web, it's now really easy to find the top-paying savings accounts to switch your money online. And you could do all of this during your weekly finance lunch hour.

So reclaim your lunch hour and make yourself richer!

See more tips on managing your finances