Helping teenagers to manage their money is not always the easiest process, but there is something that can provide assistance.
A prepaid card works in a similar way to a debit or credit card, although only money on it can be spent as there is not a credit facility.
To get a credit card you also need […]
Card fraud has existed since the products first entered the market, but the way scammers attempt to gain information is changing.
While traditional credit and debit cards were also deemed easy targets for scammers, now another type of card is entering the fray.
People without bank accounts and in need of somewhere to store money are turning […]
Energy spending in the majority of households is a lot higher in the winter than in the summer, but there are still plenty of ways to cut energy bills even further.
It’s also possible to go greener, meaning people can do their bit for the environment at the same time, all with the help of these […]
The rate of inflation dropped to a four-and-a-half year low of 1.5% in May, down 0.3% from the previous month, according to the latest data.
It marks the sixth consecutive month that the Consumer Price Index registered a rate below the Bank of England’s 2% target.
The Office for National Statistics data shows that declining food and […]
From the end of 2014, customers will be able to switch energy suppliers in just three days following a two-week cooling off period.
It means customers will have a greater degree of control when deciding upon which gas and electricity suppliers to use as the time taken to switch will be halved.
Currently, it takes five weeks […]
The economic recovery is in full swing and the UK finally passed the pre-recession peak reached in January 2008 this week.
The National Institute of Economic and Social Research produced the estimates which highlight the growing confidence surrounding the UK economy.
According to the NIESR forecast, the economy grew by 0.9% in the three months ending in […]
A new report suggests that cyber attacks are costing the global economy more than £328bn every year – worth more than the wealth of some countries.
It puts the crime on a level par with illegal drugs and piracy as far as damage to the economy is concerned, according to the McAfee report.
The online security firm […]
An average of £8.4m was paid out every day in 2013 by the UK individual protection industry, according to new figures.
The payments covered life, critical-illness and income protection claims, according to the Association of British Insurers.
A total of £3.1bn was paid out in the year to around 99,000 families, with 98.4% of all life insurance […]
The strongest warning yet regarding the risk of a property price bubble has been issued by the International Monetary Fund.
The organisation has said that risky mortgage lending should be cooled very quickly in its annual report on the UK economy.
While it said there are very few signs that a credit-driven bubble could be about to […]
People choose to manage their money in a whole host of different ways – from monitoring finances via an ATM to checking online.
The development of smartphones and tablets has opened up another pathway into the banking world as well – with apps available to tell us virtually all we need to know about our money.
From […]