Young adults living at home with their parents are saving a total of £17.1billion a year in rent and living costs, according to a new study.
According to thinkmoney.co.uk, the average cost saving of living at home compared to living alone in a one-bedroom flat is £12,450 a year.
Around 3.3 million young adults aged between 18 […]
More than half of UK mortgage holders have admitted they are unprepared for a potential interest rate rise, according to new research.
The Money Advice Service revealed that 56% of more than 3,000 UK mortgage holders had no contingency plans in place.
One in five households also revealed they would “really struggle to find extra money” to […]
Many Brits are keeping their financial affairs a secret and are even refusing to tell their partners about it, according to new research.
The Prudential has revealed that many couples fail to tell their other half about debts, savings or investments, while 14% have never told their partner how much they earn.
One in eight couples aged […]
The UK economy showed strong signs of recovery in the second quarter of 2014, recording growth of 0.9%, according to official statistics.
The Office for National Statistics revealed that the growth was 0.8% more than initial estimates, with UK gross domestic product up 3.2% in Q2, compared to the same period a year ago.
Despite the positivity, […]
The UK insurance industry paid out more than £450 million every day in 2013, according to the latest figures relating to the sector.
It highlights the importance of insurance in helping UK households and businesses to cope with unexpected issues.
More than £452m was paid out daily, according to the ABI’s UK Insurance Key Facts 2014 publication, […]
There are plenty of ways for British people to save, as new research into the nation’s money saving habits shows how we all go about it.
A new study revealed that Brits believe they save nearly £600 a year on average by being thrifty.
Using vouchers and money-off coupons tops the list of saving methods, while 42% […]
One in four Brits thinks it is essential to have the latest ‘must-have’ model of phone, according to a survey into consumer buying habits.
The research commissioned by Quidco revealed that the figure increases further among iPhone users to 37%, with battery life one of the most important deciding factors.
A fifth of consumers said they would […]
The UK economy remains ahead of other leading markets thanks to strong roots in its recovery, according to a leading global think-tank.
Despite the Organisation for Economic Co-operation and Development (OECD) cutting growth projections for G7 nations, the cut for Britain was significantly less than elsewhere.
The UK is on course to expand at the fastest rate […]
New contactless payment methods for use on the London Underground, Overground and DLR across the capital are now in use.
While the move could potentially mean the end of the Oyster Card for travelling around London, they will remain in use for the foreseeable future.
The new payments, possible via credit, debit or prepaid cards work in […]
Being a university student is often the first time that many people will have access to considerable sums of money.
But many undergraduates have admitted to making plenty of mistakes regarding their finances in their first year, according to a study by a UK comparison site.
While 53% of students questioned said they felt they managed their […]