Personal Finance News

18 Mar

UK families estimated to spend over £3,000 entertaining children during school holidays in 2024

With Easter holidays on the horizon, new research1 from American Express has found that the average UK family will spend £3,045 entertaining children during the school holidays in 2024. The total comprises sports activities, clubs, toys, books, magazines, games consoles, tech devices, meals out, days out, TV subscriptions and films. The figure is per child so […]

18 Mar

Broader-band – customers warned to prepare for April price hikes

With price hikes expected across broadband packages in the next few weeks, Go.Compare broadband is warning customers to review the terms and conditions of their current agreements, to see if they can negotiate a better deal. The average price rise expected this April is 7.7%, with some broadband providers increasing their tariffs by up to 8.8%. The […]

12 Mar

More Than Two Thirds of Holidaymakers Leave Travel Insurance Until the Last Minute

With holiday bookings for Easter and summer sun holidays in full swing, leading travel insurance provider Multitrip.com is reminding holidaymakers of the importance of purchasing holiday cover as soon as they book, or “ASAB”, to ensure their coverage begins immediately. Almost two thirds (63%) of travel insurance policies purchased from Multitrip.com in 2023 were bought […]

11 Mar

Are used car buyers skipping essential checks?

A recent study has revealed that many used car buyers skip vital checks before making a purchase. In fact, one in ten Brits admitted that they make no checks at all when buying a used car, leaving them unaware of any potential vehicle issues. The survey, conducted by online car-changing marketplace Carwow, uncovered just how common […]

4 Mar

Younger residents at higher risk of underinsurance – here’s how to avoid it

According to a new study, younger residents might be at a much higher risk of being underinsured for their home contents. Over two-thirds (68%) of under-25s said that they were unfamiliar with the potential pitfalls that could leave their contents underinsured. Only 17% of over-54s said the same, suggesting that younger generations are far more […]

28 Feb

Parents face drastic choice amid holiday price increases

Holiday packages during school breaks can cost an extra £804 on average for a family of four, according to a new study. The research finds that this rises even more during the summer holidays when travel costs increase by an average of 23% – equivalent to an additional £276pp (per person). By comparing holiday package […]

28 Feb

Customers urged to switch savings providers and earn hundreds of pounds per year

Yesterday, the Financial Conduct Authority launched a new campaign, urging customers to compare deals to ensure the best savings rates on their deposits. And to save people time and money, TotallyMoney has crunched the numbers and highlights some of the best and worst places to put their money: For the mean average* savings, a poor-value, […]

27 Feb

The real cost of low-rate mortgage offers

As inflation has slowed and expectations of the Bank of England’s base rate have risen, mortgage lenders have slashed APRs in a bid to grab the headlines and attention of would-be borrowers. This week, borrowers can lock in rates as low as 4.63% for a 75% LTV two-year fixed rate deal. However, often these eye-catching […]

22 Feb

Uninsured contents: Billions’ worth of possessions at risk of being lost

A new study has revealed that a staggering £276 billion worth of possessions are uninsured in the UK. The research estimated that the total value of the UK’s contents is a jaw-dropping £827 billion, but said around 9.3 million households do not have any contents insurance. As a result, it’s likely that only a few […]