No real-world celeb would ever endorse anything on such platforms. By which I mean, they would only endorse things if they knew nothing about money and were paid to promote it. That’s how influencers work. But no journalist or financial expert who knew anything about investment would do it. If you see one, it is a fraud. We’re setting up warm banks – churches and libraries and so on are opening up so that people can go in and keep warm. All the people I know who’ve been around as long as I have say exactly the same thing. In some ways, you might think it’s a good thing that we’re being families again and looking after one another. It could be positive, but it just depends on how well you all get on and the size of your home. ‘The way to get the best possible mortgage deal is to go to one of the big, national, independent mortgage brokers’ (Photo: Yui Mok/PA Wire)

So I would work towards a more equal society where there wasn’t great wealth and great tax advantages alongside a lot of people unable to manage. And while I’m at it, I would reform pensions. Pensions are great for people on high incomes, because they get huge tax relief of whatever rate they pay. I would introduce a flat rate – say 25 or 30 per cent of tax relief. You want to incentivise those people who don’t earn very much to save, not people who will be fine in retirement anyway. And if you are saying, “Look, inflation is nearly 11 per cent, I think I need a pay rise”, and your employer says: “Okay, well I’ll give you a bit extra, a few per cent, but I can’t afford more,” you could then ask for them to add a few more per cent into your pension. You can negotiate your employers pension contributions, Paul Lewis says (Photo: Joe Giddens/PA Wire Photographer) Moneybox is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme (FSCS). When you invest with an investment platform that's registered with the Financial Conduct Authority, your money will be ring-fenced and should be returned to you if a company goes bust - without having to wait alongside other creditors.General investment account - can hold different types of investments but doesn't give tax-free benefits like pensions and Isas We started Moneybox because people are growing up without the tools and information they need to build their financial futures. Many don’t know where to start and it can feel confusing and unachievable when it comes to saving and investing. We’re determined to change this and to make saving and investing simple, enjoyable to use and available to everyone. The small number of funds and shares available will simplify the process for those new to investing, but could be frustrating if you're an experienced investor and want more freedom and information. And of course, cash seems a pretty sensible option today, when you can earn 4.5 per cent over five years with no risk – there really isn’t an investment that will ever guarantee you that much. Of course, very financial adviser I talk to has told me that putting the last 10 years of pension money in cash has been a huge mistake, but I sleep at night. Part of the reason is people in the 1970s didn’t have the same level of debt, as it was more difficult to get into then. Now we have middle-income families going to food banks and to do this, you have to be recommended by an agency – you can’t just turn up and get free food.

I like how my interest value updates daily and the function that automatically takes money out of your bank account to invest weekly’ Companies who reach this score can then be excluded if they are in the top 25% most expensive platforms for any of our cost scenarios, based on our fees analysis. Platforms will also not be eligible for WRP status if they receive a two-star rating or lower in any of our individual categories. How we rate investment platforms Optimise Media Limited (FRN 313408), for the introduction of HSBC Group, who are authorised and regulated by the Financial Conduct Authority to provide credit brokering activity. Optimise Media is registered in England and Wales to Exchange Street Buildings, 35-37 Exchange Street, Norwich, England, NR2 1DP and company number 04455319.I have been very impressed with how easy it has been to set up, and how the round-ups add up. I particularly like the function which shows me how my investments may change by tweaking my regular top-ups - it makes it really easy to make financial decisions’

The financial industry isn’t your friend. It’s a kind of vague acquaintance you have to see from time to time that always makes you pay for the drinks. These companies are there to make a profit. Sorry, I don’t want to sound like an OK Boomer, but social media is a dangerous place. I know it’s fun – I spend hours on it myself – but there are some things I never do on it. Here’s why.Paul answers all of your questions, breaking down complicated financial jargon into simple, understandable nuggets of useful information. He also shows you how to beat the banks at their own game, and treat the finance industry not like a friend, but more like a vague acquaintance you don't really trust, but have to see from time to time (and who always makes you pay for the drinks). Lifetime Isa - a tax-free account designed to help those aged 18-39 buy their first home or save for retirement Another thing is when your car gets a dent and you think: should I claim on the insurance? So you ring your insurer and you say: look, I have this tiny little dent in my car. It wasn’t my fault, but it’s there. Will I lose my no claims bonus if I claim? From understanding credit cards and buying your first flat to investing, relationships and finance, and will writing, Paul Lewis' Money Box gives you the tools to balance your budget, grow your bank balance and live a better financial life.