In Visa’s new shopping IQ test, Britons came last at researching products, second bottom at both trying new products and saving money and fourth from bottom at self-control. With such poor self-control of finances, it is hardly surprising that Britons…
Continue reading the "Britons worst for budgeting in Europe" »
According to the Royal Bank of Scotland, the average student at Birmingham University gets £152.50 every week from their parents to help with living costs and to clear debt that they accrue. However, not every student is lucky enough to…
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According to Sainsbury’s Bank, personal loans to cover education costs are set to rocket this year as tuition fees near-treble to £3,000, yet many could add further to this debt by not shopping around for the best rate. “As students…
Continue reading the "Debt driving students to £54m in loans" »
According to Moneyfacts.co.uk, rising bad debt levels and a cap on late-payment fees means that many lenders are raising the interest rates on credit cards, increasing the time it takes for people to repay loans. “Rising bad debts and the…
The independent financial advisor service claims that nearly half of the UK’s pensioners are unaware of their entitlements and tax rights. In addition, future pensioners are also being urged to plan for the future to ensure that they retire in…
Data from One Account reveals that 36 per cent of Britons expect to be saddled with mortgage repayments when they are over 60. “Paying off a mortgage should not mean that people have to put their life plans on hold,”…
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In addition, Liverpool Victoria claims that workers are contributing an annual total of £33 billion in unpaid care and assistance, highlighting the need for both parents and children to start planning for the debt burden of retirement. “The costs of…
Continue reading the "Children footing the bill for parents" »
Around a quarter of parents have not invested the £250 Child Trust Fund (CTF) vouchers given to them, meaning that parents are needlessly adding to their child’s future debt worries. “It seems you just can’t give money away,” commented Jason…
Continue reading the "Parents failing to invest for children’s future" »
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