Tag: children

Barratt homebuying scheme allows parents to borrow on behalf of kids

Barratt homebuying scheme allows parents to borrow on behalf of kids

Barratt Developments has announced a tie-up with Hitachi Capital (UK) that will allow parents to borrow money to help their children onto the property ladder. The developer claims the scheme is unique in the market, having been specifically designed to address current mortgage restrictions on loan-to-value ratios. Barratt sold 4,832 homes during the second half [...]

January 13, 2011 | 0 Comments More
Money doesn’t grow on trees, children learn

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 [...]

May 27, 2010 | 0 Comments More
Recession an opportunity for financial education

Recession an opportunity for financial education

The recession has piqued children’s interest in money matters, providing an ideal opportunity for financial education, an industry expert has claimed. Youngsters are hearing phrases such as the credit crunch, and asking questions about what they mean, said David White, chief executive of the Children’s Mutual, White claimed the recession is encouraging children to have [...]

May 6, 2010 | 0 Comments More
Recession gives children a financial education

Recession gives children a financial education

One in four children have reduced their spending because of the recession, according to new research published this week. The study, commissioned by HSBC and the Personal Finance Education Group (pfeg), found that children’s attitudes to money have been strongly impacted by the recession. Eight in ten of the 1,000 children polled said they would [...]

March 22, 2010 | 0 Comments More
Raising a child costs over £200,000

Raising a child costs over £200,000

Raising a child from birth to age 21 costs more than £201,000, according to research by LV=. This is equivalent to £9,610 a year, or £26 per day. It’s the first time the lifetime cost of child-rearing has exceeded the £200,000 limit, and represents a 43% increase since the survey began in 2004. The biggest [...]

February 24, 2010 | 0 Comments More
Women receive less pension due to career break

Women receive less pension due to career break

A report by Prudential has revealed that the average male pension is more than £7,000 a year higher than the female pension. The survey found that a man who draws his pension in 2010 will receive an average retirement income of £19,593, while a woman will receive £12,169. However, the survey shows that the average [...]

February 16, 2010 | 0 Comments More
Parents put work ahead of children

Parents put work ahead of children

Many parents are too busy working to spend time with their children, a new survey has found. Research by Scottish Widows found that one in three (34%) of parents want to spend more time with their family. One fifth of parents and grandparents said they are not prioritising their children or grandchildren enough. Busy working [...]

January 12, 2010 | 0 Comments More
Children to be educated about how to avoid debt

Children to be educated about how to avoid debt

Under a new personal, social, health and economic (PSHE) curriculum, children as young as five will be taught how to look after their money to avoid getting into debt in later life. The lessons are being ordered by schools secretary, Ed Balls, who said the lessons in personal finance will be compulsory for all pupils [...]

January 3, 2010 | 0 Comments More
Parents sacrifice glad rags for kids’ designer threads

Parents sacrifice glad rags for kids’ designer threads

Dedicated parents are sacrificing looking good in their own glad rags so they can kit out their kids in designer threads. Credit crunched mums and dads are reducing the amount they spend on their own clothes so their children can keep up with the latest fashion trends, new research has discovered. Parents are trading down [...]

June 11, 2009 | 0 Comments More
‘Sandwich generation’ caught between supporting parents and children

‘Sandwich generation’ caught between supporting parents and children

UK adults are increasingly feeling the need to offer their parents financial support, but are struggling to find the cash to do this. Research by Norwich Union found that two thirds (68%) of adults would like to help fund their parents’ retirement, but are unable to do so because of their own financial situation. Nearly [...]

February 17, 2009 | 0 Comments More
Lloyds TSB criticised for giving children debit cards

Lloyds TSB criticised for giving children debit cards

Lloyds TSB is giving children, as young as 11, debit cards without their parents consent. The news raises fears that the cards could being used to buy cigarettes, alcohol and pornography over the internet. In the past, children aged 11 to 15 who hold current accounts were limited to debit cards that could only be [...]

June 30, 2008 | 0 Comments More