Personal Finance News

2 Jan

Brits prioritising wellness and personal finance for 2024

 American Express this week released its latest Amex Trendex report, focusing on New Year’s resolutions for 2024. According to UK data, 65% of Brits are likely to set New Year’s resolutions for 2024. 17% of Brits say they typically stick to their resolution for the whole year, lower than the global figure of 26%. 7% […]

27 Dec

Brits fork out up to £50 a year to fight off a cold

Common colds and other winter illnesses aren’t just physically draining, they can impact our pockets too. A recent survey conducted by leading cashback site, TopCashback, revealed that the majority of Brits (90%) spend up to £50 a year on fighting a cold. But it’s not only paying for remedies to think about, with 28% increasing […]

27 Dec

More misery for customers as banks continue to slash best 0% balance transfer deals

New TotallyMoney research looks at how banks are continuing to water down 0% balance transfer credit card offers, while tightening up who they lend to: In 12 months, lenders have slashed an average 4.5 months off the market leading balance transfer offers, while increasing fees by 0.21 percentage points Six years ago, the top 10 […]

21 Dec

Pricey parking: Keeping your car here could increase your car insurance costs

New research has found that using your garage as your main parking space at home can have a negative impact on car insurance premiums. According to the data, the average cost of policies for cars which are stored in a garage overnight is £54 more expensive than the average for cars stored at other places […]

18 Dec

Top 10 pension mistakes you could make as you approach retirement

WEALTH at work, a leading financial wellbeing and retirement specialist, outlines below the top 10 pension mistakes to watch out for in the lead up to retirement. 1. Withdrawing savings from a pension early As a result of the rising cost of living, one in 10 (10%) over 55s in fulltime employment have withdrawn pension […]

7 Dec

Garage conversion can make homeowners £59k

A new study has uncovered the most profitable garage conversions homeowners can apply to their properties. According to the figures, turning a garage into an extra bedroom will add an average of £77,526 to a home’s value, leaving residents with an average profit of £59,526. The research reviewed the average value increase generated by common […]

6 Dec

UK adults set to spend £1,756 on trips abroad in 2024

As 2024 comes into view, new research from American Express shows that UK adults are set to spend an average of £1,756 on international trips next year. 13.6m holidaymakers have already booked elements of their travels abroad. Fear of missing out is the biggest driver of early bookings; over a third (37%) booked early to avoid […]

29 Nov

Facebook fraudsters driving off with thousands as car scams nearly double

The scam: Criminals on Facebook marketplace use stolen photos and videos of genuine vehicles, to advertise cars that they don’t own and aren’t theirs to sell. Having used the stolen photos and videos to convince a buyer to purchase the vehicle, they do not respond or block the buyer after they have transferred over the funds. […]

27 Nov

American Express UK Cardmembers can earn £5 when spending £15 or more at small businesses

As shoppers hit the high street in preparation for this year’s festive season, American Express is again encouraging the nation to support local businesses with the return of its popular Shop Small Offer. From 1-3 December 2023, American Express® UK Cardmembers will receive a £5 statement credit when they spend £15 or more at participating small businesses across the […]