Ridden with inaccuracies, half truths, and plain old news.
Saving, however small the amount, makes us feel more secure.
A recent study has shown that those of us who save some money every month feel more secure than those who do not. Even if we only save a small amount the act of putting away money makes us feel more positive and secure about our financial futures.
The study showed that when we reach a small saving goal it empowers us and makes us feel more positive about our ability to increase our savings. As the economy struggles it’s good to know that you have some money to fall back on should you experience difficulties. It is worth bearing in mind that the FSCS covers the first £50,000 per person per institution for standard bank account (the rules for investments are different).
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ISA Limits Increased
about 4 months ago - No comments
The amount of money that can be saved in a tax free ISA was increased on the 6th of October for those aged 50 and over. The rest of us will see our ISA allowance increase at the beginning of the new tax year in April 2010. The new top limit is £10,200 half of More >
40% of Britons Unable To Save
about 5 months ago - 1 comment
A recent survey has shown that almost half of Britons are unable to save. Only 60 percent of those asked managed to put money into their savings account each month, saving on average £206. Back in January 34% said that they were unable to save. Of those who were able to top up their savings More >
Bangers and Cash Scheme Proving Popular
about 9 months ago - 1 comment
The government recently unveiled car scrappage scheme is proving popular particularly with older drivers. The scheme was introduced to try to kick start the sales of new cars whilst reducing the amount of old cars on the road. In order to tempt drivers to update they have offered £2000 discount on a new car to More >
The World’s Most Expensive Hire Car
about 10 months ago - No comments
Your average car hire vehicle is reliable and clean but not necessarily eye catching. Small hatchbacks or family friendly estates are popular and those who offer cheap car hire normally get the most custom. But what if you want to drive something a little unusual?
You can now hire a Bugatti Veyron for only £15,000 a More >
Bank Account Holders Concerned About Data Loss
about 11 months ago - No comments
A recent study has shown that customers in the UK are concerned about data loss by their banks to the extent that they would move their savings or business account if information was lost. Security is a big concern and although the government has lost sensitive data on more than one occasion so far most More >
Where is best for your savings?
about 11 months ago - No comments
Savings rates have hit a record low, in January notice accounts (simply accounts which require notice before withdrawals) paid an average of just 0.29%. Instant access accounts, for instance instant access ISAs, were also at an all time low. The fifth interest rate cut since October occurred on the 5th of February, bringing the rate More >
Time For A Cashless Society?
about 1 year ago - No comments
We may be approaching a cashless society. Not in the sense that we are all running out of cash and will be hunting pigeons in deserted high streets but in the sense of not spending notes and coins. You might not use cash all that often anyway except to pay for parking and other small More >
Brits Favouring Pensions Over Savings Accounts.
about 1 year ago - No comments
Reductions in interest rates and increasing economic pressures have left many Brits unable or unwilling to add to their savings account. As the cost of food remains high and many salaries are frozen or cut many of use are not using our accounts as we once were.
The Financial Times reports that many seem to be More >
Would Forgiving Student Loans Stimulate The Economy?
about 1 year ago - No comments
An injection of cash is considered by many to be a potential way of fixing economic problems in the UK and US. With every corporate bank and business bank reticent about lending how is the average man on the street going to feel secure enough to spend freely?
Robert Applebaum, an attorney from New York, has More >
First Homes Becoming More Affordable
about 1 year ago - No comments
It’s not all doom and gloom for young people in the UK, economically speaking at least. Petrol prices, rental costs and council tax may all be at an all time high but house prices are actually falling. This is either a very good or very bad thing depending on weather you have brought a house More >
