Personal Finance NewsWith an unpredictable festive season upon us, new research has revealed that 2020 is shaping up to give Brits one final, unexpected gift this Christmas: debt. The research from Tymit, the UK’s first instalment-only credit card, revealed that one in four celebrators (25%) are feeling the pressure to make this Christmas the best ever after […]
The ongoing global health crisis, economic downturn and uncertainty over income and job prospects over the last six months has forced 60% of people to tap into their savings to cover day-to-day bills and expenses, according to new research from Fidelity International. For people in their 20s, this figure rises to 78%. Young people have been […]
New research from Aldermore bank reveals the significant social impact on Brits from the cancellation of major plans in 2020 due to the pandemic. The large scale of refunds means that in total £51.7bn has been received back due to major plans not going ahead. The most common cancellation for Brits was from holidays, with refunds […]
New research from Direct Line Home Insurance reveals more than £5 billion has been spent on bikes since the start of lockdown. In fact, a huge 14.5 million bikes have been acquired in the last seven months alone, with a total of 9.1 million people purchasing at least one bike in the UK since March. With […]
The British public is more than twice as likely to feel anxious about their finances than they are to be content with them, leading to sleeping problems and distraction at work. A survey of 2,000 UK adults revealed the average person loses almost 22 hours of sleep each year thinking about their money woes in […]
RoosterMoney, the pocket money app and debit card, forecasts what’s going to top kids’ Christmas lists this year, based on what they’ve been saving their pocket money towards in the last few months. Unlike most Christmas list predictions, RoosterMoney’s data is based on what kids are actually doing with their own money, and what they’re […]
A new study by GoCompare reveals that 9.7million households are facing Christmas on a reduced income, compared with this time last year, with 13% saying that Christmas is going to be financially very difficult indeed. The research carried out ahead of the festive season, found that 35% of UK households are living on less money than last […]
Finance experts TotallyMoney have warned that those experiencing financial hurt due to coronavirus could see their credit scores suffer for six years as protections are taken away for over quarter of a million people still on payment holidays. The finance experts reveal: A blanket end to protections on 31st October will see lenders contacting the 323,700 borrowers on payment […]
As part of a survey of more than 8,000 customers, Paragon found that 40% of savers now want to prioritise spending money on experiences they can share with loved ones over material possessions, whilst more than a quarter (27%) felt they were less materialistic as a direct result of the pandemic. Bank of England data […]
