MoneySavingExpert.com

Last updated

MoneySavingExpert.com
MoneySavingExpert logo.svg
Type of site
Finance
Available inEnglish
Owner Moneysupermarket.com
Created by Martin Lewis
URL moneysavingexpert.com
CommercialYes
LaunchedFebruary 2003 (2003-02)

MoneySavingExpert.com is a British consumer finance information and discussion website, founded by financial journalist Martin Lewis in February 2003. The website's focus is to provide people with information on saving money in the form of deals, tips and journalistic articles, as well as techniques and strategies for exploiting loyalty schemes and incentive-based credit cards. In September 2012, it was bought by the moneysupermarket.com group for a value of £87M. [1] Since 2015, Lewis has taken on the role of executive chairman, overseeing 100 staff and editors reviewing and updating the site. [2]

Contents

Petitions

The website has launched three petitions:

Both of these campaigns have been the subject of Parliamentary early day motions. [3]

Campaigns

In August 2006 the site started to develop a system to check whether people were in the correct council tax band. Over a number of months an increasing number of people reported £1000s in backdated payouts. [6] On 26 January 2007 Martin Lewis presented a Tonight programme on this following up the successes from the site; it rated 4.5 million viewers and saw the site covered in many national newspapers including the full front pages of the Express and Metro . [7] [8]

During late 2005, the issue of reclaiming unfair bank charges was highlighted and a few small websites started to highlight the issue. The site has been one of the main campaigning forces on this ever since. [6] In November 2006 the original article was updated by a step-by-step guide, including template letters which speedily achieved its 1,000,000th download towards the end of February 2007. [9]

Other large-scale campaigns for the website include reclaiming council tax, payment protection insurance, reclaiming mortgage exit fees and reclaiming credit card charges all of which have had over 100,000 people using template letter downloads. [6]

The site also provides support for saynoto0870.com, a website that provides geographical alternative telephone numbers to 0870 numbers and similar.[ citation needed ]

Charity contributions

MoneySavingExpert.com regularly contributes to charities nominated by site users. It is estimated that £100,000 was donated in the 2006-2007 year. [10] In previous years all money has been given to nominated charities based on the percentage of the vote given by site users, but it has been announced that in the future a new registered charity, the MoneySavingExpert.com Charitable Fund, will distribute the money. It has also been announced that a proportion of the money will fund a feasibility study into setting up a "MoneySaving Kids charity" to help educate children about how to be consumers. [11]

In December 2006 the book Thrifty Ways for Modern Days was launched by the site. The book was compiled from advice given on the threads of the MoneySaving Old Style section of the site. [12] As the book was created from community knowledge and only edited by Martin Lewis, it was decided that all profits from the book would go to the MoneySavingExpert.com Charitable Fund. [13]

Traffic

As of September 2020, the site had a global Alexa rank of 8,891 and a UK rank of 175. [14]

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References

  1. ↑ "Martin Lewis sells MoneySavingExpert.com for £87m". BBC News. 1 June 2012. Retrieved 13 March 2021.
  2. ↑ Williams-Grut, Oscar (30 October 2015). "Martin Lewis the Money Saving Expert just got a £19 million windfall". Business Insider. Retrieved 30 October 2015.
  3. 1 2 "Early Day Motion - Debt: Not in Front of the Children Campaign" . Retrieved 6 September 2009.
  4. ↑ Poulter, Sean (4 May 2006). "Vorderman attacked over ads". London Evening Standard . ES London. Archived from the original on 30 June 2009. Retrieved 6 September 2009.
  5. ↑ Taylor, Paul (12 February 2007). "Mr Supersaver's on a mission". Manchester Evening News . MEN Media . Retrieved 6 September 2009.
  6. 1 2 3 4 5 Henley, John (20 June 2011). "Martin Lewis answers your money questions". The Guardian. Retrieved 13 March 2021.
  7. ↑ Lewis, Martin (29 January 2007). "Council Tax Cashback shows the power of this site". MoneySavingExpert.com. Retrieved 4 October 2024.
  8. ↑ Lewis, Martin. "Council tax: Check & challenge your band". MoneySavingExpert.com. Retrieved 4 October 2024.
  9. ↑ Hickman, Martin (23 February 2007). "From banks to football, the consumers' revolt grows". The Independent. London. Archived from the original on 25 February 2007. Retrieved 23 February 2007.
  10. ↑ Lewis, Martin (8 October 2006). "New Site Charity Nominations Now Open". TheGuardian.com . Retrieved 27 August 2006.
  11. ↑ Lewis, Martin. "Moneysavingexpert.com - The Charity Fund". TheGuardian.com . Retrieved 27 August 2006.
  12. ↑ "MoneySavingExpert - Business commenting in a forum". Resolver. 2019. Retrieved 19 April 2019.
  13. ↑ Lewis, Martin. "Moneysavingexpert-com - About the MoneySaving Books". TheGuardian.com . Retrieved 8 February 2007.
  14. ↑ "moneysavingexpert.com Competitive Analysis, Marketing Mix and Traffic - Alexa". www.alexa.com. Retrieved 17 September 2020.
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