Money Saving Tips for 2015
As the first week of 2015 draws to a close, many Brits will already be looking for ways to boost their financial situation. It comes as research from GoCompare reveals that 15% of Brits are seriously worried about their finances while more than a third said they need to reduce their spending as a matter […]
Nearly Half of Brits Have Fibbed About Their Finances
Nearly half of British adults have told some financial white lies, with a partner the one most likely to be on the receiving end, new research has revealed. Some 48% of adults have fibbed about finances with 15% admitting they were most likely to do it to their partner as they wanted to hide something. […]
Retirees with Interest Only Mortgages Face Tough Decisions
More than half a million people aged over 50 years could be forced to sell their properties to pay off interest only mortgages, new research has suggested. Saga Personal Finance has suggested that many people are facing the burden of mortgage debt as they enter retirement – and some of them have no way of […]
Lloyds Bank Research Suggests Saving is Getting Easier
Seven in ten people in full time employment have at least a quarter of their monthly income left over once bills and essential items are paid off, according to new research. The data from Lloyds Bank suggests people are finding it easier to save funds and accumulate money for discretionary spending. The study was based […]
Parents Pay the Price of Raising Adult Children
British parents spend more than £32,000 supporting their children after they’ve turned 18, according to new research. According to Zopa, a peer-to-peer lending service, 44% of parents revealed they may have to delay retirement as a result, while 71% say their lifestyle will be affected to some extent. It highlights the true cost of bringing […]
Summer saw Mortgage Supply Drop says Bank of England
The number of mortgages made available fell in Q3, marking the first drop in availability for more than two years. Lenders reported to the Bank of England that supply and demand for home loans fell in the three months until early September. New affordability rulings from the Bank’s policymakers led to the squeeze but lenders […]
Bank of England Votes to Keep Interest Rates Down
The Monetary Policy Committee at the Bank of England has voted to keep interest rates at a record low for at least another month. The current rate of 0.5% has been in place for five years and no change in the immediate future appears likely. Despite an improving economic climate and two of the nine […]
One in Four Admit to Making False Expense Claims
A quarter of UK employees have made a false expense claims according to new research, meaning many have potentially claimed back more than they are entitled to. Of those who did so, a fifth said they felt no remorse about doing so, highlighting the need for business bosses to carefully manage the way expenses are […]
Cost of Raising a Child Rises Faster Than Wages
Families working full time at the national minimum wage are facing a shortfall when it comes to the minimum cost of raising a child, new research has revealed. The findings come as part of the new ‘The Cost of a Child in 2014’ report by Child Poverty Action Group (CPAG) and funded by the Joseph […]
Brits Spend an Average of £142 Online After a Tipple….or Three
Making purchasing decisions after we’ve supped on an alcoholic beverage or two is probably not the wisest of moves, but when has that ever stopped shopping-mad Brits? According to a new survey conducted by Confused.com, inebriated Brits are splashing their cash online to the average tune of £142, with their list of purchases including items […]
