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 […]
Kids Working Harder to Earn Their Pocket Money
Two thirds of children are doing household chores in order to earn their pocket money, according to new research from Halifax. It shows that 65% of youngsters aged between eight and 15 are working for their money by doing a number of simple household tasks. This is having a positive impact on their understanding of […]
Brits Hoard Holiday Cash Instead Of Exchanging Back
Brits are hoarding around £3 billion of unused foreign currency in their homes as 13% of the population fails to convert their money back into sterling. This money is often kept for future trips, with the average family having a pot of £110 leftover following a holiday, according to peer-to-peer lending firm Zopa. Just 16% […]
Protecting Personal Information to Tackle Crime: What You Can Do
More than 110 million pieces of data have been bought and sold by cyber criminals in 2014 to date, according to new research from Experian. It highlights the risks of making personal information readily available online, and despite people’s best efforts the volume of illegally traded data is still soaring. However, more can always be […]
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 […]
Online Shopping at all Hours: Dramatic Increase in Early Morning Purchases
The allure of online shopping is growing and none more so than in the early hours of the morning, according to new research from John Lewis. The department store chain revealed a dramatic increase in shoppers that log on between midnight and six in the morning, when analysing purchases made in the last year. A […]
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 […]
Chancellor Scraps 55% ‘Death Tax’ on Pension Funds
Chancellor George Osborne has unveiled plans to scrap the 55% tax on pension funds when somebody dies from April next year. It means people with defined contribution pension savings will no longer have to consider the tax and will have the freedom to pass it on to any nominated beneficiary upon death. Around 320,000 people […]
Online Shopping Deliveries to Top 1.35 Billion By 2018
Online shopping deliveries topped the one billion mark in 2013, and will reach 1.35 billion by 2018, according to new research. The growth highlights the growing dependence on the online marketplace to buy goods, both in the UK and in other countries across the globe. According to Barclays’ Retail and Transport & Logistics banking sector […]
Tips for Cutting Energy Costs as Winter Approaches
Winter is typically the period when household energy usage goes up, so as summer draws to a close for another year, what can be done in preparation? Saving on gas and electricity can help ease the financial burden and can provide a little extra money for the festive season. There are a number of approaches […]
