Tag: money
Cash ISA transfers to speed up
Following an investigation into Individual Savings Accounts (ISAs), savers with a cash ISA should find it quicker to switch their money to a different provider. The 90-day investigation, conducted by the Office of Fair Trading (OFT), came after Consumer Focus warned that cash ISAs are depriving savers of £3 billion in interest each year. The [...]
Money doesn’t grow on trees, children learn
The recession has helped young people learn than “money doesn’t grown on trees” according to one financial expert. Jasmine Birtles, founder of moneymagpic.com, said the recession has helped to give children a financial education. The credit crunch has taught children that if they want something, they need to earn it, Birtles claimed. “It’s made a [...]
Know what you want from your money
People seeking financial advice should work out what they want to achieve with their money before visiting an advisor, a financial expert has claimed. Mike Fosberry, president of the Personal Finance Society, said people can have all sorts of objectives for their money, such as building up their pension, paying off debt, or making a [...]
One in sixteen better off from recession
One in sixteen Brits are better off because of the recession, according to new research by Yorkshire Bank. In the north-east, more than one in five (21%) are financially stronger compared with before the recession. Lower interest rates have put more money into the pockets of mortgage payers, while decreased VAT has generated extra bargains [...]
Recession fuels arguments over money
Economic recession is causing couples to have more arguments, new research has discovered. In a poll by online payment service PayPal, 32% of couples said they are arguing more this year than previously, with finances being one of the most fought over issues. Meanwhile, one in ten (11%) couples have seen the main earner in [...]
Free attractions help spending cut backs
Millions of Brits are cutting back on spending by taking advantages of free leisure activities including museums, public libraries, and freeview TV. Research from Abbey Savings found that 11 million people have cut back their monthly outgoings by as much as £246 – 12% of the average person’s monthly earnings. One in four adults (24%) [...]
