‘PAYING just one pound more per week above the minimum credit card repayment will bring “financial freedom” almost 14 years earlier, according to a new study.
Millions of UK borrowers could slash the amount of interest they have to repay and reduce the time taken to pay back the debt by 13 and a half years [...]
‘THIRTY per cent of Scots are in a perilous personal financial situation, with savings of £100 or less, research revealed yesterday.
That sum includes money in current and savings accounts, as well as individual savings accounts (ISAs), bonds and shares.
Financial experts say people should have about three months’ salary squirrelled away in case of emergency, and [...]
‘Here’s how it works. Parents open an account with Mesa-based Allow Card of America and can put money on the card through their own credit cards or checking accounts for a nominal fee. They can monitor their child’s spending via a password protected Web site. The charges are displayed as they would be in an [...]
‘PENSIONERS will need an average £130,000 to fund their retirement, as state benefits plummet as a proportion of income.
People retiring this year will need a total lifetime income of at least £130,000 as life expectancy increases, according to research by Prudential.’
Read more at £130,000 - the cost of life as a pensioner
‘UK MORTGAGES are set for a strong recovery, with a leading analyst forecasting a near 13 per cent lift in advances during the next five years.
Gross advances in the UK residential market will grow 12.89 per cent to £324 billion in 2010 from £287bn last year, according to independent analyst Datamonitor.
However, it sounded a note [...]
‘A significant number of Brits have already given up on trying to fulfil their resolutions for the new year, according to new research, with many financial pledges forgotten.
Despite starting 2006 with promises of sorting out their personal finances and taking a more organised approach to money management, it seems that many people are happy to [...]
‘PERSONAL bankruptcies in Scotland hit a record high last year, new figures showed yesterday, and insolvency experts warned the worst could be yet to come.
The number of Scots sequestrated - the Scottish legal term for bankruptcy - surged more than 50 per cent during 2005, but tens of thousands more could be struggling under a [...]