Prepaid credit cards can help young people to learn about debt management, it has been claimed. Chris Reddish, chair of the Prepaid International Forum, said that the products can be used as a “safe” method of teaching youngsters about finance,…

Future generations are more likely to live debt free lives, a new survey has suggested. Research carried out by NatWest’s Moneysense Panel has discovered that 86 per cent of 12-19 year-olds are already keeping track of their money. And 39…

Teaching children about the recession has been added to the traditional ‘three Rs’ of writing, reading and arithmetic, it has been claimed. Today’s young people are becoming the “credit crunch generation”, according to The Co-operative Child Trust Funds. Research carried…

Younger people and the less well off are turning to high-interest forms of borrowing such as payday loans in a bid toclear debt, it has been claimed. But Frances Walker of the Consumer Credit Counselling Service warned that this could…

The younger generation is lagging behind the over 55s when it comes to reducing their monthly bills by being more energy-efficient, new research has revealed. Opus Energy consulted 500 consumers regarding the energy-saving steps they take and found that older…

Those shopping for Christmas presents and festive food have been advised to stick to a budget by one financial expert. Alan Brindley, head of Halifax credit cards, issued the advice following research from the bank that has revealed the cost…

Savers are cutting back on their spending as a result of the credit crunch, with young people showing a keenness to reduce their outgoings, a new survey has found. The Alliance & Leicester report found that 29 per cent of…