These days, our children seem to have the need for every modern gadget on offer. With the desire to own so many of these items, the question has to be asked, how well have our children learnt the lessons of the recession? Have they experienced the harsh realities of the credit crunch enough to equip themselves with the right financial know how, to budget for their own better future?
In days gone by, we often used to say that there was no need to save for a baby – in fact, I remember many a conversation with newly weds when they’d be asking about preparing for a family and someone in the crowd would say “If you wait til you can afford a baby, you’ll never have one!” And so the encouragement continued to do the deed and wait for the bundle of joy to arrive, no matter what the bank balance shows.
Continue reading the "The cost of having a baby rockets sky high" »
We’re more aware than ever of companies out there who seem to be praying on the good nature of people in need for their own gain. Through my work as Chairman of the DRF (Debt Resolution Forum), as well as through my own company, ClearDebt, we’re doing our best to protect people in debt from situations where they may find it difficult to see the wood from the trees – and to do this, we’re keeping you as well informed as possible about any companies you might need to be weary of.
69% of parents questioned are concerned about their children’s ability to understand their finances – a 7% rise in the number of parents concerned about this issue two years ago.
Continue reading the "A lesson learnt – but whether it’s learnt well is another thing!" »
Credit Action have reported that although we may have done well to cut back on our spending during the credit crunch, now that we’re supposedly “out of the recession”, it seems many shoppers have unshackled their chains and re-acquainted themselves with their long lost lover, the credit card.
We may be coming to terms with the need to cut back on new additions to our wardrobes, but it seems that it’s actually the weekly food shop which is hitting us where it hurts. The Daily Mail has confirmed…
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