Archive for the ‘On the web’ Category

The MSE Forum hits its 100 millionth thank you mark (and ‘Game Over’ is the most thanked board)

The MSE Forum hits its 100 millionth thank you mark

The MSE Forum hits its 100 millionth thank you mark


That’s a lot of thanks. If you were to lay each "thank you" (in font size ten on my laptop) next to each other, it’d be 1,250 miles long more than the distance from London to Tangiers.

But far more significant than this obligatory nonsense fact, is the enormous appreciation of all those who contribute to the forum – by all those who use it. A thank you from me to all the people who’ve been a part of this is insignificant in comparison, but never the less important.

The top 20 most thanked forum boards

1. Game Over (competitions board)   55,852,353
2. Old Style MoneySaving 11,175,828
3. The Money Savers Arms   5,424,978
4. Debt Free Diaries 3,721,594
5. Discussion Time  2,347,202
6. MoneySaving in Marriages, Relationships & Families 2,281,659
7. Debt-Free Wannabe  2,082,407
8. Discount Codes ‘n Vouchers 1,798,571
9. Special Occasions & Other Celebrations 1,498,332
10. Competitions Time 1,274,334
11.Debate House Prices & the Economy 1,131,220
12. Health, Beauty & Fashion MoneySaving 1,094,072
13. It’s Gone, but was it any good?  1,043,453
14. Freebies (no spend required) Board 714,826
15. I won! I won! I won! 616,863
16. Freebies gone but not forgotten 547,317
17. House Buying, Renting & Selling 534,106
18. Quick! Grabbit while you can  474,321
19. How much have you saved? 424,223
20. Bankruptcy & Living With It  395,395

PS. It’s worth noting that in Competitions Time, ‘thanks’ used to be used by people as a way to note they’d applied for a particular competition – but a bespoke tool has now been added to replace that.

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PPI Twitter clinic questions and answers

PPI Twitter clinic questions and answers

PPI Twitter clinic questions and answers


I’m experimenting with live Twitter Q&A clinics on my Martin Lewis Twitter feed. Yesterday it was payment protection insurance (PPI) reclaiming, following the huge climb down by the banks – and their putting over £6 billion away to foot the bill.

So, I thought it would be useful to recap the answers here. This is a direct transcript, so do remember it’s speedy and conversational with a maximum of 140 characters not an authoritative formal response. For full info see the Loan PPI reclaiming and Credit card PPI reclaiming guides.

It’s worth noting that quite a few questions focused on when can I reclaim from? And, how do I get my details? So we’ll be boosting those elements of the guide and adding more in the weekly email.

Twitter questions and answers (questions and answers are unedited)

Q. How far back can you claim. Had a car loan a few years ago with PPI. Will the bank contact me? Thanks
ML. Easy rule is within 6 years but not of when you got it, of when it’s still active, but sometimes is possible from further back

Q. We are told our mortgage was miss sold but the company want £500. To proceed with the claim. Can you help
ML. How dare they – you can complain for free, that’s outrageous. Just write a complaint then if they reject go to Financial Ombuds

Q. I have a claim that was sent to iob (Ombudmsna – ML) should this get sorted now
ML. hope so but don’t expect it to be quick!

Q. My partner has a 7k loan and was missold by Lloyds TSB. How much is he likely to be entitled to?
ML. At a guess £1,500 – £2,000

Q. Can you claim for PPI on my M&S card that I don’t recall asking for & pay off monthly for a year and still charge each month
ML. sounds likely read www.mse.me/ppicards

Q. can I claim PPI from Egg? Are they following the banks re PPI?
ML. It applies to all finance companies – egg were fined a few years ago – so chances are high

Q. Had a Cap1 credit card since Feb 2005, can I still claim?
ML. if you were missold then I don’t see why not (provided insurance was still active within last 6 years)

Q. I was made bankrupt, can I claim on any portion of ppi paid? thx
ML. provided you were missold yes – but it may just be directed towards paying off your debts

Q. If I haven’t already applied can I still appy and how?
ML. yes and via www.mse.me/ppi

Q. we have had 3 cars from welcome and were told we couldn’t leave with the new car unless we signed up for ppi
ML. sounds like a strong case of misselling to me

Q. wot i don’t understand is how we are able to prove it
ML. If it’s been systemic misselling unlikely you’ll have to – they’ll have details

Q. my husband had a loan from Barclays 4 yrs ago. he’s become bankrupt since & didn’t finish paying, we have no pprwrk.
ML. You’ve a right to request paperwork, but the money could just be directed to pay off some of your debt

Q. are HFC paying out I’ve been told they are still waiting to appeal
ML.
Not heard that – also they were fined in 2008 (I think) so chances should be high.

Q. made settlement with card company can I still claim for PPI which was not usable as was student and only employed PT.
ML. the fact the card is closed is irrelevant, if you were missold you can reclaim

Q. lloyds tried to sell me ppi, said no loan without it, got me to take out separate policy, but not theirs, can I still claim?
ML. I’m guessing that was for a mortgage – if so then unlikely – as they can say it’s important that you get someone’s policy alongside the mortgage.

Q. How far back can you claim. Had a car loan a few years ago with PPI. Will the bank contact me? Thanks
ML. Easy rule is if the product was active within last 6 years – but you can try for longer. And no DO NOT ASSUME THEY WILL CONTACT U

Q. My loan is with firstplus , deal was ppi refunded in 5 years Jan 2012, should I claim now plus interest or wait till Jan?
ML. I don’t think you’re asking about being missold. I think that’s an extra option on the product – don’t know the details I’m afraid

Q. I have seen PPI on my CC bill from about 3yrs ago, I remember being asked about it but never understood it and did cancel. is there anything I can do?
ML. It depends whether you were missold see http://www.moneysavingexpert.com/reclaim/ppi-credit-card-insurance

Q. Do you think issuing in the County Court would be a more effective way of consumers reclaiming PPI?
ML. No I think it’s costly and unnecessary, though it may be quicker. With this ruling complaining is likely 2b easiest

Q. I mortgaged in 2004 and was told PPI was compulsory by the advisor in bank. Can i reclaim?
ML. Depends, MPPI can be compulsory by some lenders (ie they require you to have policy) but not THEIR policy.

Q. my PPI claim has been with ombudsman for about a year still not allocated. Will the ruling speed things up?
ML. Hmmm not sure about this – still waiting to see full impact. Unlikely in the short term though

Q. took out ppi 9 years 15 years ago self employed the past 10 am I covered by ppi.
ML. It is the situation WHEN YOU GOT LOAN OUT that counts – i think you’re saying you were employed when you got it so unlikely

Q. bank doesn’t seem to be keen on reassessing my loan repayments by taking off the PPI and recalculating. What do I do?
ML. If i understand your question they’re not letting you cancel. You should be allowed to cancel.

Q. What if I don’t have old credit card information?
ML. You have a right to request info on the credit agreement for £1 under Consumer Credit Act

Q. I’ve been offered PPI rebate should I get interest lost?
ML. They should offer it as standard, as that’s FSA guidance, if not request if from them (try friendly phone call first)

Q. Hi Martin. Can I claim any PPI back for a Northern Rock mortgage I got out in 2001 and paid off a couple of years ago?
ML. If it was missold then yes

Q. PPI claim 4 £4k won thanks to your notes + dodgy paperwork their end. But payment been held til end of June. Is that normal?
ML. YAY WELL DONE £4k win. It can take time for payment, if legit comp and promised payment I wouldn’t worry (though do call to push)

Q. are all of the needed forms on your website?
ML. OF COURSE :)www.mse.me/ppi

Q. How do u know if you’ve been swizzed by bank. I pay insurance but don’t know how to get out of it or if I am entitled to rebate?
ML. Read www.mse.me/ppi

Q. Mrs been charged PPI for few years. CC said they wouldn’t refund as they’ve charged us 2 years without us raising it. Legit?
ML. No not legit (provided it was missold in first place)

Q. I know my mum is owed money through this but she’s lost loan/CC details! What to do?
ML. She has a right to request info on the credit agreement for £1 under Consumer Credit Act

Q. hi M sending a claim to Egg. The ppi was part of loan, inextricable as only one policy no. Should I ask for interest/comp too?
ML. No harm in asking, just don’t bank on getting it.
ML. Just to clarify interest is likely – but compensation (ie not just money back) unlikely

Q. my ppi was added to the cost of the mortgage in one lump without my knowledge. Is that something i can claim back?
ML. It’s slightly different with mortgage, but lack of knowledge on any product is likely to be misselling

Q. I had PPI on a loan about 10 yrs ago. It’s paid off & I don’t have any of the paperwork. Any way I can look into it?
ML. You can request paperwork, but you may be timed out, unless you were still repaying within last six years

Q. 25 yrs loan only given 10 yrs ins but paying back over 25 yrs can i claim as misold/bad product
ML. sounds like it, provided it was missold, tough to be exact on this though

Q. can i claim if loan is not paid off and i’m making reduced payments
ML. yes if missold

Q. i took a loan out in feb 2005, paid it off dec 2006, lost paperwork but i know i was mis-sold ppi, can i claim? #MLPPI
ML. yes it’s within 6 years so should be fine – request info on the old card you’ve a right to it

Q. hey Martin, I was misold a PPI via an independent mortgage advisor and lender Legal & General, could I still make a claim? tks
ML. If you were missold the fact it was by an advisor makes no difference you can still claim

Q. we had one going through with cartel then they went bust what to do!!
ML. Start it again yourself, just write to the bank – use www.mse.me/ppi

Q. i had a loan with PPI that I never asked for, I haven’t got many details apart from start date and bank – can I still apply?
ML. call them up

Q. sent letter and form (off MSE) to Bluesky Personal Finance & had no reply they’re charging me interest on my PPI is the right?
ML. Toughy are they still trading (i’m not sure they are) if not you may need to go via Fin Services Comp Scheme

Q. Paid off HSBC loan with PPI one year into 4 year loan, CAN I CLAIM IF FRONT LOADED? Didn’t need PPI as could pay loan off.
ML. Yes you can – provided it was miss-sold of course.

Q. Despite many requests bank has not sent my T&Cs. Should I just go ahead and start making the claim anyway?
ML. yes

Q. Is it possible to claim PPI from a Nationwide loan? I’ve not seen them mentioned on any list. #MLPPI
ML. They aren’t special, if they missold yes

Q. – PPI paid on loan taken on 2/12/2004, 5 months after 6yr limit. worth trying to reclaim? #MLPPI
ML. Yes, especially if the loan was still active, as is likely within last 6 years – as that’s what counts

Q. – PPI on long standing CC. How do I calculate the amounts paid in total or will they do that? #MLPPI
ML. they’ll do that

Q. – PPI on old, now cancelled CC’s. How do you get information from companies (Cap One). #MLPPI
ML. there’s a template letter in www.mse.me/ppi

Q. I think I might be entitled to compo on a couple of old deals I was in but don’t know if I’ve kept paperwork. Where do I stand?
ML. Request the paperwork off lender – you have a right to get a copy of the agreement for £1 under Consumer Credit Act

Q. wife got loan with AA forced PPI as single. Approx 9 yrs ago no paperwork! Any chance
ML. Request the paperwork off lender – you have a right to get a copy of the agreement for £1 under Consumer Credit Act

Q. is 6-year time scale when PPI was taken out or the last payment?
ML. it’s when it was last active generally so if you were still paying 6 years ago you should be fine

Q. does RBS have a history of misselling PPI on their graduate loans? (Circa 2006)
ML. They weren’t fined, but misselling has been systemic on most kinds of loans so it is likely – but can’t give firm yes or no

Q. i have a loan with welcome finance. 2 questions. 1 was not told i had insurance on the loan 2 did find out had insurance. 2 had to claim on loan due to illness and sickness. welcome did not tell me the insurance was ending
ML. Being told you had to is misselling. Yet Welcome Finance has closed, so you’ll need go via Financial Services Comp Scheme

Q. am confused if welcome has closed then who is that’s chasing me they say it’s welcome.
ML. Welcome’s in default, not closed. FSCS can help with sales post Jan 2005 (go direct for pre 2005) http://bit.ly/mGs4Hf

Q. Can I claim even if I re-financed the loan and then didn’t take PPI when re-finacing?
ML. It is the situation when you GOT a loan that counts, so if missold when you got the original loan with PPI then yes

Q. how far back can we claim? I took out a loan with Lloyds when I was on a short term contract back in the mid 90′s
ML. You can try that far back, but it is unlikely

Q. #MLPPI Hi took out hsbc ppi Feb/99. I told them didn’t need it. He said prob wouldn’t get loan without. Am i too late to claim
ML. Yep that is a lie – loan rates cannot be conditional on PPI. The problem is you may struggle as it was 99 see www.mse.me/ppi

Q. i had a loan with PPI that I never asked for, I haven’t got many details apart from start date and bank – can I still apply?
ML. Giving you PPI without consent sound like serious misselling, you’ve a right to ask them for any info too

Q. can my mum claim as she got told she had to take ppi to get her loan as she is over 50? #MLPPI
ML. Being told you ‘must take PPI’ is wrong, therefore v. likely to be misselling see www.mse.me/ppi

Oops… MSE does an unwitting DDOS…

The guide to buying repossessed property was a surprise hit in this week’s email. As always when we launch a new guide we’ve little idea of how popular it’ll be – and neither have the sites we include in it.

Most can’t quite believe the sheer weight of traffic that comes from something popular in the weekly email; the website propertyearth got a taste of it this week.

We got an email from the people there saying in a nutshell:

“The site had so many visitors yesterday- it crashed!”

Certainly a lot more pleasant than our own DDOS attack a couple of years ago…

Comment and discuss

Record 878,000 web visits in one day – a billion hits a month

Last Wed (27 July) was the biggest single day the site’s ever had; a monster 878,000 people came to the site (inc. Main site, forum, tools etc) beating the previous record of 854,000 set in January.

While it mightn’t seem it, overtaking a January record is important; the site’s constantly growing, but like all money sites seasonal trends affect it, and the start of the year is always disproportionately enormous, as everyone’s sorting their cash out. Therefore to have beaten Jan in July is great.

It was also helped by the fact last week’s email was jam-packed with big subjects and savings – one of the strongest we’ve ever launched – and we got the email away without any major blocks from Internet providers (the email goes to so many people sometimes even big email clients can’t cope with the volume and just block it as a defence).

A bit more info for stat nerds.

Now as I’ve noted here before, you have to be careful when quoting web stats, as people use incorrect terms.

To give you an idea here’s the exact stats for last wed (sourced from our internal Google Analytics numbers):

  • Unique users: 710,900 different people visited the site in a day.
  • Visits: Those people made 878,000 separate visits between them (ie some came more than once)
  • Pages: They looked at 3,241,000 different pages on the site between them.

Now it’s also important to note that these stats are the DAILY numbers, whereas web stats are usually quoted and compared monthly, and again July was huge.

  • Unique users: 7,920,000 different people visited the site in a month.
  • Visits: They made 15,335,000 separate visits.
  • Pages: They looked at 68,156,000 different pages.

You’ll note there’s no “hits” figure in there. That’s because frankly it’s meaningless, it’s just about how many objects e.g. images are on a page, so a site could have lots of hits without many users just because it has lots of objects. That’s why many small sites use the term. It sounds impressive, but means nothing.

For that reason we don’t track it, but i suspect MoneySavingExpert.com now has over a billion hits a month…

Comment and Discuss

The first new MoneySavingExpert.com website in 6 years

This week was a momentous one for the site, due to a subtle change. It marks a new stage in its development and it all revolves around the Travel Money Maximiser.

While it’s been on the site for eighteen months, we’ve just supercharged it with more providers and facilities, like a buy back comparison. Yet more revolutionary (for the site) is it now has a website all of its own: www.travelmoneymax.com.

What’s the difference?

Last year we started giving some of our tools their own URL e.g, www.premiumbondcalculator.com and www.megashopbot.com, yet they’re still included within the main MSE frame. Take a look at the TMM and you’ll see that my ugly mugshot isn’t at the top, and nor is the MSE.com logo, it simply has a ‘brought to you by MoneySavingExpert.com’ stamp on it.

Effectively it is an entirely new website focused purely on travel money (though the underlying URL when you click on it is still travelmoney.moneysavingexpert.com).

Why bother?

It’s something I’ve been wanting to do for a while. As the main MSE site and forums have got bigger, it’s easy for users and journalists writing about these issue to forget our tools and they therefore don’t get used as often as they should – especially as most of them are totally unique and unreplicated elsewhere.

The first step was to give each its own identity URL so when they’re written about or people want to link, instead of a long name, they can quickly type in directly what they want.

Now for the major tools we’re going to give each one its own designed identity, so that newbies coming to use the tool don’t wonder why it seems to have a double header. It also helps give each tool a personality of its own, so it’s easier to remember, and hopefully more people will link to it.

Of course the hope is that they will come along and use the rest of the great things the MSE main site and forum have to offer too. Watch this space for more MSE sites, and a few very sexy new tools…

Comment and Discuss

The new MSE weather prediction service

Having just been away in the sun for a few days, I’ve discovered MoneySavingExpert.com has a bespoke new service for nerds, which even I hadn’t been told about. Quite remarkably, the site can now predict British Weather.

I first noticed the phenomena a couple of weeks ago, when between 1,200 and 1,700 people joined the email over the weekend, by far the lowest for any weekend this year. Now I decided this couldn’t be to do with the fact it was my wedding weekend, but instead to do with the hot weather.

After that we nipped away for a few days in the sun, yet first Thur then more so on Friday the number of sign-ups was much higher than the prior week, so without checking I sent the following nerdy email to my team:

“I thought I would try to predict that the weather yesterday was dreary and today is poor.

How? The only information i’m using is the number of sign-ups to the email list, which has been quite a bit higher the end part of this week than last week. While some is probably down to the great Tesco code in the Right Hand Side bar – I suspect the weather plays a big part.”

And indeed the rather disconsolate message came back that after the prior weekend’s sun, it was indeed now peeing it down.

So it seems, for obvious reasons, there’s a direct correlation between the number of people joining the distribution list for the weekly e-mail and the weather. If you’d like to use this new service you can see the number so far each day yourself in the stats section, bottom left of the home page. Then again, you may find this link even more useful.

Comment and Discuss

The Forum Top 50! What’s best read?

I’ve just grabbed the stats below from the system, to see which the most popular forum boards are. This is done on page views not people, so perhaps a better explanation would be the boards people view again and again and again and keep updating.

No surprise that Grabbit is top, so I’ve used it as a base for the rest showing it as a 100 (it’s many millions of page views) and the rest are all based on it. I was slightly surprised to see Competitions Time up there, as it’s a relatively new board – I think eighteen months or so old – but it’s grown at speed (Correction: it’s actually four years old now – time flies!).

This experiment has been slightly unfair to some of the newer boards like ‘food shopping’, which was only born in the last few weeks of the measured period, yet even so it managed to make the top fifty. Good to see Debt-Free Wannabe and Old-Style still doing so well too.

1. Quick! Grabbit while you can 100
2. Freebies (no spend required) Board 51
3. Competitions Time 48
4. Gambling Introductory Offer Loopholes 31
5. Debt-Free Wannabe 27
6. Shop but don’t drop 26
7. Debate House Prices, the Economy & Recession 26
8. Old Style MoneySaving 23
9. MoneySaving in Marriages, Relationships & Families 21
10. Discount Codes ‘n Vouchers 21
11. House Buying, Renting & Selling 19
12. The Money Savers Arms 17
13. Savings & Investments 17
14. Mortgages & Endowments 16
15. Overseas Holidays & Travel 15
16. Discussion Time 13
17. I won! I won! I won! 12
18. Bargain Buys, Sassy Shopping & Fantastic Freebies 11
19. Credit Cards 11
20. Up Your Income 10
21. Benefits & Tax Credits 10
22. Bankruptcy & Living With It 10
23. Ebay, Auctions, Car Boot & Jumble Sales 9
24. Techie Stuff 8
25. Budgeting & Bank Accounts 7
26. Employment, Jobseeking & Training 7
27. In my home (includes DIY) MoneySaving 7
28. Mobile Phones 6
29. Special Occasions & Celebrations 6
30. Gas & Electricity 6
31. Motoring & Public Transport 5
32. Greenfingered MoneySaving 5
33. Loans 5
34. Redundancy & Redundancy Planning 4
35. Mortgage-Free Wannabe 4
36. Disability & Dosh 4
37. Reclaim Bank & Credit Card Charges 4
38. Food Shopping & Groceries 4
39. Health & Beauty MoneySaving 4
40. I wanna buy-it or do-it 3
41. Pets & Pet Care 3
42. ISAs & Tax-free Savings 3
43. The (Consumer) Vent Board 3
44. Praise, Vent & Warnings 3
45. Regular Competitions 3
46. Pensions, Annuities & Retirement Planning 3
47. Insurance & Life Assurance 3
48. Weddings & Anniversaries 3
49. Pure Money 3
50. Student Money Saving 3

Discuss this blog

Should I train bank staff … provided they check the spelling?

One MoneySaver, Chris, sent me an e-mail. He was doing a survey via Home Of research for a bank (he did say which he thought it was, but, as he wasn’t 100%, I won’t include it). It was about things it could do to increase customer satisfaction, and improve itself from a customer perspective. One option was using, what I can only assume is me, to train its employees.

Here’s a screen grab he sent:

Now the first thing I noticed was the name was Martyn Lewis, not Martin Lewis, so of course there’s a chance it’s about the former newsreader, but that does seem ridiculously unlikely.

I must admit, if I were asked to help train bank staff I’d be in two minds. I’ve done corporate speeches for financial services companies in the past, mainly along the slightly wry title of “you’re the enemy and we’re going to get you”, which is an explanation of my view about the adversarial relationship between consumers and companies. So being involved in training is an interesting concept.

Yet the truth is I’ve never believed any bank is good or bad, only their products, so to be right you’d want someone in Barclays saying “Alliance & Leicester’s account gives a 0% overdraft” or someone in Alliance & Leicester saying “Barclays cash ISA pays much more than ours”, and somehow I’m not sure the bank bosses would want this kind of training.

Comment and Discuss

MoneySaving Christmas Quiz… Where the real knowledge lies…

Over Christmas we launched a quick quiz to test and train people’s MoneySaving knowledge. Now the full MoneySaving IQ test has replaced it, I thought it’d be interesting to review what people got right and wrong.

When I wrote the questions, I wanted them to be difficult as I don’t believe people would see a benefit if they weren’t. As the average score was five out of ten (nearly 40,000 tried it), it looks like I succeeded.

Spoiler note… there are some similar questions in the IQ test, so do that before reading.

Easiest Question.

The huge majority, 98%,of people got the question

“What gives you the strongest consumer protection if you’re buying goods worth over £100?” correct, answering “paying by credit card”

We’ve been pushing the section 75 guide very hard for months, as it’s one of the most important things to know in the recession. Whether it’s down to that, or people just knew anyway, it’s gratifying to know the message is out there.

For this reason I felt I had to make the section 75 question in the IQ test much more difficult, going into some of the minutiae in the rules.

Shopping Rights Not So Strong.

Yet the majority of people didn’t know the answer to…

“You’ve bought a dress for a friend for Christmas and they don’t like it. When you return it with the receipt a week later, which of these is the retailer legally obliged to do?“

Only 40% correctly answered “Nothing, unless it was bought online” and almost as many incorrectly thought “Offer a credit note” was right.

This is a common confusion; many people think you can return anything because shop policies often allow it, but actually, unless there’s a fault, you simply don’t have a right. The exception is if things are bought online or by mail order, due to distance selling regulations (see the consumer rights guide).

There was similar lack of knowledge on the other consumer rights question in the quiz…

Huge underestimation of the power of downshifting

Perhaps the biggest surprise was how few people knew the real impact of downshifting. Where you drop one brand level lower? The question was phrased as follows…

“Here’s a good New Year’s resolution; try dropping a brand level on everything you buy in the supermarket. How much would someone who spends £100 a week on food save over a year by doing this?”

And here are the results…

    A. £200… 5,771 people
    B. £600… 16,628 people
    C. £1,300… 11,297 people
    D. £1,700… 4,457… people

Actually the correct answer is D. £1,700, as dropping down a level on everything typically saves you a third on your food bill (see the Supermarket Shopping guide). I suspect such huge numbers just aren’t that easy to believe, yet we’ve done a lot of number crunching work on this and it’s remarkably consistent.

Comment and Discuss

More searched than Obama… how do you react?

I’ve just been contacted by a newspaper running a story based on Hitwise’s (the web monitoring specialists) press release, which says in Q4 2008, I was the most searched personality in the UK, unbelievably beating Barack Obama by 11%! The story is here – Hitwise blogs.

It’s a bit of a challenge to know how to comment on it. There are a mass of different issues involved (including the fact they’ve used the Valentine’s logo…). I thought it would be useful to write down my feelings and mullings; both for me to read over in years to come when I’m long forgotten, and to try and straighten out my thoughts on it.

How do you do proud without doing arrogant?

First of all, I know that unlike the real celebrities on the list people are searching for my info not my ‘good looks and sparkling wit’, so I shan’t get arrogant about it. Many people use my name as a short cut to get to the articles, e.g. put “balance transfers martin lewis” in Google and you jump straight to that article – it’s quicker than typing MoneySavingExpert.

Furthermore, like most Brits I’ve absolutely no idea how you handle a compliment. Is there a right way? Crow about it and you look like a smug git, pass it off you look ungrateful and caring. Of course, inside I smiled when I heard the news. I smiled again when asked about being an “overnight success”: it’s taken ten years of 70+ hour working weeks, spreadsheets, and hardcore, debilitating stress to become one!

Yet a note like this makes you realise you’ve reached outside your box. I don’t know quite how to get that across (it’s not the same as writing here, to people who know the site). I have to say it does also in truth make me feel a little bit like not wanting to leave the house or work – it’s strange to think when you go outside so many people know who you are.

The upsurge has a sad undercurrent.

I’ve always said MoneySaving is more of a movement than anything else. And while I’m cock-a-hoop to see more MoneySavers on the site, we all know this upsurge is primarily due to the fact the economy has fallen off a cliff & many people are searching because they NEED to, rather than WANT to. While I’m glad that this site and its community has built up a level of trust that makes it the go-to place, I wish it wasn’t caused by such a negative and depressing overall economic picture.

It’s a bit like the constant “you’re the one man benefiting from the credit crunch” line I hear all the time, which makes me want to tear my hair out. Actually I’m hating the recession. We get emails from people who are struggling and in terrible situations, and my media appearances always seem to be responding to crisis fire fighting. In short, much of the fun’s disappeared (I can hardly believe I once did Money comedy characters).

Plus, it’s so much more difficult to find the right solutions, and certainty about them; we have to constantly ask “will the company still survive?” or “will the bank go bust?” – questions which leave potential cracks in the foundations of any info.

As for me work-wise, last year I could fill my week five times over. This year it’s seven times, yet that doesn’t actually make that much difference. I’ve deliberately cut back so I only really do my regulars, far fewer ad hoc appearances.

As for the site, traffic is huge, we’ve nearly 8m users a month (960m hits) and 3.1m getting the weekly e-mail; while we’ve always had similar growth levels, what’s incredible is they’re continuing even at this size. Yet while the site’s traffic is up, the site’s revenue, while highly ethical, comes downstream of people whose revenue comes from advertising; and as everyone know’s that’s been hugely hit (See how this site is financed guide for a full explanation of how it works). The site is still very strong, yet where in the past recruiting new team members and investing in our big tools is something I’ve been able to do without question, this year things are different.

Yet being higher than Obama is amazing

Having said all that, who wouldn’t be awestruck upon seeing their own name’s been searched more than the President of the United States’? Especially one with so much hope, talent, good feeling and expectation behind him? It’s mind numbing! Now excuse me while I go print out the results and put them on my wall – the grandchildren may laugh at it one day.

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Just been to see the Queen.

I’ve just arrived back at MSE Towers from the Buckingham Palace relaunch of www.royal.gov.uk. While not much of a Royalist generally, I couldn’t resist the chance to glimpse inside and see what it was all about. Though it did involve having to put a suit on, not something I do often, or with relish.

It’s a little scary to go there.

On arrival, I felt a little apprehensive; there’s something quite imposing about walking through the large palace gates, into normally forbidden territory, alone. Yet the policeman checking my ID instantly said “don’t worry, I know who you are anyway” which helped. Then I walked through the car park, and instantly regretted not driving; the chance to park in the red tarmacked quadrangle is something I shouldn’t have missed.

Once checked in, having hung my coat up in the cloakroom and got my badge, it was time to walk up the red carpeted staircase (replete with gold embossed banisters). On the way up the footman gave me a smile, told me he loves the site and had saved a fortune off Bank charges and the credit card shuffle. So while I suspect the Queen isn’t a MoneySaver herself, it’s good to know someone in the Royal household is.

Trying to find someone I knew in the reception.

Once into the pre-reception room, I looked around for any face I recognised. The only one I saw was Spencer Kelly from BBC Click. While I’ve never met him, he’s a friend of a friend, so I decided that was the safest route and went to say hello.

He was talking to a couple of other people, including the founder of parkatmyhouse (linked to in the boost your income guide, and apparently gets a good deal of traffic through from it) and Ian, who is head of digital online for Number 10 (and the man who twitters for it).

Then there was a sudden hush, a little movement, grand doors opened, and we were ushered into the next room and asked to hand invites over. It was only at this point I noticed the slightly short, white haired, immaculate dressed lady in a green conservative outfit and realised it was HM the Queen. We were all ushered through the line with a quick handshake, then into the next, rather opulent and grand reception room, which had a big screen on the far side.

Offically opened with a remote control.

Soon after, Tim Berners Lee – the founder of the web – made a speech about the new site, which includes hi-res 360 degree views of various royal buildings. Then in a most surreal moment, the Queen was handed a remote control to “officially open” the new site, whereupon she, like the rest of us, looked rather bemused, and a little bubble of laughter pumped up.

After that, quails’ eggs, pastries, and sausages were offered round and the 100 or so people there congregated in groups. I stayed in my original four and we were joined by Rory Cellan-Jones, the BBC’s technology correspondent, when we were again introduced to the Queen, this time for a conversation.

Do you use the web, maam?

It’s rather strange working out what you actually have to say. I felt we were collectively tag-teaming to keep a dialogue going, even though our group included three professional broadcasters. I couldn’t resist asking “I hope this isn’t cheeky, but do you ever use the internet?” The answer was, “Not personally no, but the entire palace seems to run on it these days”.

The dialogue then moved on to how young people use the web as a matter of course, and discussing whether two year-olds using a mouse was a bit like under-10s absorbing languages with ease.

After that and a few more brief chats with various people it was time to get my coat and go. As I was walking out of the palace gates, a policeman came up to me and said “I think you should know you’ve got the price sticker on the sole of your shoe and you can see it as you walk.” I was wearing new-ish shoes to go with the suit, then with a knowing nod he added, “so is it a mistake or just to prove you bought them in the sales?”

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We’ve hit the big 3,000,000!

I’ve just come back from a lunch meeting to discover we cracked a new landmark. There are now 3,000,000 people being sent the weekly email. It’s a staggering number, not far from 1 in 10 working adults in the UK. As always I’m very proud of the site, my MSE team, and what we’ve achieved, and huge thanks to all the contributing forumites and those who tell friends about the site.

The last 500,000 has been done in less than 4 months, a staggering rate, and sadly indicative of current climes. Over the last 12 months, nearly 1,300,000 have added themselves to the email list. Plus I suspect for the first time, this January we will have over 7,000,000 unique users.

The Growth Stats

For my fellow MoneySaving stats nerds here’s the progress chart for the weekly e-mail (it includes links to the waybackmachine. Sometimes images go missing from old versions of the site, so to help improve that we may be a few days off).

August 2002… Home Page. I launched the site as a personal home page…. See what it looked like

22 Feb 2003… The Site’s Birth. I had the site developed into the first version of what it is today… See what it looked like

25 April 2003…. 10,000 on email list. See what it looked like

11 January 2004… 50,000 on email list. See what it looked like

30 July 2004… 100,000 on email list. See what it looked like

28 April 2005… 250,000 on email list. See what it looked like

3 March 2006… 500,000 on email list. See what it looked like

24 Feb 2007…. 1,000,000 on email list. See what it looked like

20 April 2008… 2,000,000 on email list. See what it looked like

19 September 2008…. 2,500,000 on email list! (not available yet)

15 January 2009… 3,000,000 on the email list.

I wrote in the 2,500,000 email announcement about what the growth of the site has meant. And the continued growth increases all of that. I do start to question “how big can it get?” At what level do we hit market maturity, when everyone who can get the email or will get the email has?

Comment and Discuss.

Making Google’s Top Ten. Above Hannah Montana & below Cheryl Cole…

The following Telegraph guide to top search terms on Google has just been pinged to me by a friend. I was quite surprised when I read it that both the website and I make different Google top ten search terms.

Here’s the two key categories:

Fastest-rising searches for people

1.) The Ting Tings
2.) Barack Obama
3.) Cheryl Cole
4.) Heath Ledger
5.) Alexander Graham Bell
6.) Chris Brown
7.) Martin Lewis
8.) Hannah Montana
9.) Perez Hilton
10.) Chuck Norris

Financial search terms that were more popular in 2008 than 2007

This is an interesting one, and it’s great to be in there as its about increased popularity. As MSE was already the biggest money site in the UK by quite a long way in 2007, the fact we’ve still increased enough to make the top ten is great.

1.) Icesave
2.) Hot UK Deals
3.) Natwest
4.) HMRC
5.) HboS
6.) Money Saving Expert
7.) Halifax
8.) Barclays
9.) RBS
10.) Lloyds TSB.

Enough of growth, how about actual traffic?

Having read this, I couldn’t resist playing with a few wee comparisons. As you know I’m a nerd, so what interested me was the above stats are based on growth as opposed to actual numbers.

Therefore I went onto the Google Trends traffic mapping tool which allows you to measure both search and web traffic through goodle to see how the actual numbers stack up.

Thought I would share a bit of my playing with you…

1. MoneySavingExpert, Hot UK Deals, NatWest and HMRC. WEB TRAFFIC

This is an interesting one, to see how the site stacks up against some of the others in the list in terms of actual traffic. As you’ll see in this Google Trends graphs, NatWest is by far the biggest. Not surprising really as its internet banking service is a must-use tool for all its customers.

2. Martin Lewis v Robert Peston. SEARCH TERMS

I was trying to think of someone else in money to provide a search barometer. Robert’s a hugely influential journalist, and his blog is very popular, so I thought I would see how the searches measure up.

And I was slightly surprised by the result… Martin Lewis v Robert Peston. Of course, I have the not-insubstantial advantage that people type in my name when they want to come to the site, which I think makes this contest a little unfair on Robert.

3. Cheryl Cole, Hannah Montana, Obama, and me. SEARCH TERMS

Taking on Robert Peston’s one thing, but testing the might of Hannah Montana, now that’s saying something… check this Google Trends graph (for the UK) out.

The Google Trends tool is fascinating. If you’re going to have a play yourself, do ensure you comma separate the terms, and select UK to filter out international traffic. You can compare both search ranking and actual traffic to sites.

If you do any interesting comparisons, do post the in the discussion below.

Comment and Discuss.

Safe Savings beats Pizza Express

The breadth of main site (as opposed to Forum) content has grown a lot over the last year. One of the major new innovations is the Codes, Deals and Vouchers section on the front page. This has become hugely popular and each Wednesday when the weekly e-mail is sent out, normally just about pips everything else as most-read article.

Unsurprisingly it was different this week. This black Wednesday was the nadir of the Icesave nightmare and of course the weekly e-mail led on Safe Savings. Of the 730,000 visits to the site that day, it had 120,000 views, just pipping the normally unassailable Pizza Express 2for1 voucher in the restaurant deals note, which had 95,000.

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2,500,000 now get the email: 1,030,000 new recipients in the last 12 months.

HOORAH! At 18:28 today, the 2,500,000 person joined this site’s weekly tips email. That’s 1,027,000 more than at the same time 365 days ago.

What do you call 2,500,000?

It feels like it should be a special number with its own name… like a quarter of a Tenmillion. This landmark means MoneySavingExpert.com’s now at a scale similar to the big boys of the publishing world, out-reaching a good few national newspapers.

I’m very proud of the site, my MSE team, and what we’ve achieved, and huge thanks to all the contributing forumites and those who tell friends about the site.

The Growth Stats

For my fellow MoneySaving stats nerds here’s the progress chart for the weekly e-mail (it includes links to the waybackmachine, sometimes some images will be missing from the old versions of the site… to help improve that we may be a few days off).

August 2002… Home Page. I launched the site as a personal home page…. See what it looked like

22 Feb 2003… The Site’s Birth. I had the site developed into the first version of what it is today… See what it looked like

25 April 2003…. 10,000 on email list. See what it looked like

11 January 2004… 50,000 on email list. See what it looked like

30 July 2004… 100,000 on email list. See what it looked like

28 April 2005… 250,000 on email list. See what it looked like

3 March 2006… 500,000 on email list. See what it looked like

24 Feb 2007…. 1,000,000 on email list.
See what it looked like

20 April 2008… 2,000,000 on email list. See what it looked like!

19 September 2008…. 2,500,000 on email list!

What the growth has meant…

To turn what was a small home page into what perhaps can now be seen as an institution in just over five years is a phenomena. More importantly the size and strength means the information we can now provide is honed and updated. I thought this was an appropriate moment to give a couple of examples of what happens behind the scenes…

  • Cutting edge research team.

    As I seem to spend more time delivering the info, it’s crucial to have a fantastic team who know their stuff to ensure the site is still correct and on the nose. Today as I whizzed from filming an urgent ITV programme to radio 2 on the back of a motorbike, I called up MSE Dan as he’d been examining the new savings safety institutional link between Lloyds and Halifax.

    It’s funny for me to think that Dan was the first outside recruit (Brendan I knew from other jobs and Andrea was a site user) back in December 2004. He replied to an ad for an office junior at the local job centre, yet when he came with a CV noting a degree in maths from Imperial uni, I hired him on the spot.

    Having worked with me for a long time and with a maths brain, he’s a great example of how the team’s maturing skills and experience has changed things, with each member having a solid and trusted expertise of their own.

    Alongside MSE Archna (another originally raw graduate recruit now turned into senior team member with honed skills) he leads the site editorial team, and has responsibility for ensuring all the hardcore money stuff is up to date.

  • Deals are now updated every day

    Every time I look at the prominent Daily Updated Vouchers, Codes and Deals block on the home page, I smile.

    The site’s strength means that since June we’ve been able to afford a full time team member, MSE Deborah, to keep that area updated and it’s been a fantastic revelation to see its popularity.

    For me this is a joy. To know I can turn something like that into a professional task, used by millions, and knowing it helps people to maintain a good lifestyle at low cost in these tough times.

As this shows, the growth of the site has meant it’s now a team not a one-man band job. I could write a glowing report about every element of the site and its team; each of whom shows dedication & speciality, and is deserving of praise…

… from my hard put-upon but creative techies and designers, to the dependability of and organization of the admin team and the talented editorial team each of whom is developing niches and specialities.

As I’ve said before when I started the site on my own, as a place to support my broadcast work (read about the site’s history) little could I perceive that around 6,000,000 people in the UK would access it each month and a team of people would be supporting them; let alone the fact the site would be able to support its own charity (see MSE Charity Fund)

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Tool to find how big websites really are…

Many wee websites claim 100,000s hits, even though a hit means nothing. If you really want to see how big a website is, the rather clever Google Trends will now allow you to map the popularity of sites against each other.

What Google Trends usually does

Google Trends is a free tool for people with websites to see which terms are searched more.

For example when writing an article on breakdown cover, we check which more people search for: breakdown cover or roadside recovery. This then helps decide what we call it (as you want people to find what they’re looking for).

It’s fascinating and lets you see such arcane triviality as who’s searched more: Jade Goody or Paris Hilton (both worldwide and UK only).

The new website popularity measure

Now once you put in an initial term search (use commas to separate values), the next pages allow you to search websites for traffic. Here, by comma separating web addresses, you can see what’s more popular in any given country.

Here’s an example: I’ve pitted this site against Lastminute.com and Friendsreunited.com in the UK and it maps Google’s data on visitor numbers.

While you can have fun with this, it is also a good indicator (though not foolproof) of a website’s legitimacy. If it’s got big traiffic it’s more likely to be legit. I’ve previously suggested other tools to search for web accuracy (see my journalists stop quoting hits past blog) but this new Google tool’s likely to be much more accurate.

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