Personal Finance News

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from a pension early As a result of the rising cost of living, one in 10 (10%) over 55s in fulltime employment have withdrawn pension […]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 […]

24 Nov

1 in 5 say Christmas is going to be financially difficult this year

New research from Go.Compare has revealed that people across the UK who will celebrate Christmas  this year expect to spend, on average, £658 this festive season, which represents a 26% increase on last year’s expected spend of £522.20. The study, which was conducted on behalf of Go.Compare Money, asked more than 2000 people about their financial […]

23 Nov

New Points Deal for British Airways American Express Premium Plus Card Holders

For the first time ever, British Airways Executive Club Members can earn Tier Points outside of flying, by spending on the British Airways American Express® Premium Plus Card, thanks to a new, limited-time offer. Running until 21 May 2024, this offer gives applicable Cardmembers the opportunity to earn an extra 200 Tier Points in the coming […]

20 Nov

Ten common credit misconceptions

Introducing the ten credit misconceptions, TotallyMoney CEO, Alastair Douglas comments: “For decades, banks have kept people in the dark about the information they have access to, how they use it, and why they make the decisions they do. These decisions can have a life-long impact, from scuppering somebody’s chances of getting their first mobile phone […]