Personal Finance NewsAdults aged 50 and over are aspiring to save £80,000 for their loved ones, yet a fifth (22%) don’t currently save and a further tenth (8%) don’t even have a savings account, according to a new Co-op Insurance study conducted among 2000 UK adults aged 50 and over. Of those adults aged 50 and over who […]
Finance experts TotallyMoney have warned that 27 million UK households are potentially missing out on substantial £300 savings due to price hikes and widespread misconceptions. Research reveals: £300 a year could be saved on average in UK households by switching energy tariff This equates to customers overpaying by £3.8 billion due to not switching energy tariff or supplier 82% of the […]
Direct Line Car Insurance is warning consumers not to be scammed into buying worthless fake car insurance policies, after new analysis1 reveals it takes just ten seconds to find an insurance scammer, known as a ghost broker, on social media fraudulently claiming to sell fully comprehensive car insurance from companies such as Admiral, Hastings Direct, AVIVA […]
Aldermore’s new buy to let research, surveying 1,000 UK-based landlords, highlights the important contribution landlords make to their local economy with eight in ten turning to a local tradesperson when their property requires work or renovation. Landlords spent on average £1,443 in the last 12 months on services such as plumbers, builders, letting agents and […]
The reality of adult life is having to take more responsibility for the state of our finances. Long gone are the days of receiving a little pocket money from mum and dad for doing the chores; instead, we’re faced with the big bad world of credit scores, loans, mortgages, bills and much more. Unfortunately, these […]
Research from credit experts TotallyMoney and MoneyComms reveals how just making minimum repayments on credit card balances costs customers thousands in interest and takes over two decades to clear. Only making the minimum repayment each month will take over 26 years to clear a credit card balance Customers expected to lose a staggering £3,775 due to interest Fixing monthly repayments to the first […]
Credit experts TotallyMoney have advised that those booking holidays could protect themselves under Section 75 of the Consumer Credit Act by using a credit card, meaning customers could get their money back should something go wrong. The advice comes at a pivotal time for holiday makers with Flybe at risk folding, following the devastating collapse of Thomas […]
RoosterMoney, the pocket money app, reveals that kids received a new high of £273 pocket money (£5.25 a week) last year, up 7.5% from 2018, and encouragingly they saved 38% of it. This is in stark contrast to the latest statistics showing adults are only managing to save 6.8% of their income. Children are picking […]
Open Banking has the potential to improve the way in which consumers manage their finances. However, two years on from its introduction, Which? has found nearly three quarters (73%) of people still haven’t heard of Open Banking. Of the just over one in four people (27%) who had heard of Open Banking, only 4 per […]
