With calls for children to be educated about managing their finances in schools, Nick White, head of personal finance at Uswitch.com, says that teaching should be extended to all. “All age groups need educating about finances – to a degree…
Elen Thomas of National Savings and Investment (NS&I) claims that as customers only receive a statement rather than a bill, many fail to realise how much they are really spending. “People are not associating money management with spending,” claimed Ms…
Continue reading the "Credit Card spending keeping Brits from reality" »
GamCare claims that a quarter of its messageboard users are female, up from just two per cent of clients in 2000. “Gambling has become so accessible and so de-stigmatised that, unfortunately, it can only get worse,” gambling expert Faith Freestone…
Continue reading the "More women falling foul of gambling" »
Its five tips are aimed to stop people from resorting to bankruptcy as consumer credit becomes easier to obtain and debt levels grow. “Modern society seems to find personal debt more acceptable than was the case in the past. But…
Financial drains such as mortgages, utility bills, taxes and credit card debt cost the average Briton £954 every month, yet monthly take-home pay is only an average of £1,070. “Millions of Brits are living on the edge by failing to…
Continue reading the "Pay packets provide just £27 a week" »
The charity says that debt levels have risen by a third amongst its clients since 2003, so that the average is now £13,153 – 17.5 times their average monthly income. “For many there is little prospect of their income increasing…
Continue reading the "Citizens Advice sees Brits dig deeper into debt" »
The study for Equifax showed that 53 per cent of students want the current ban on the Student Loans Company sharing information with commercial providers to end. “By putting student loan information on credit files we could be giving graduates…
Continue reading the "Students want student loan information shared" »
Research for loans company cahoot shows that 39 per cent of Britons owe money to family or friends, totalling £65 billion. John Goddard, managing director of cahoot, said that while borrowing from family was common, it had its dangers: “Problems…
Continue reading the "‘Grey market’ loans hide deeper debt" »
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