Bank of England Reveals Why We’re Printing More Money But Spending Less Cash
It's a financial paradox, isn't it? We know we're all spending less cash. Payments are going on card, transferred through PayPal – not to mention the fact that, with UK household budgets feeling the pinched, we're not spending as much on luxury items, preferring to...
The 5 Personal Finance Rules We All Break
We all know we could make our money go further – or, at least, have some of that pay cheque left by the time the next one rolls around. And yet, no matter how hard we budget, we often still struggle with our finances. In the end, we end up paying the price for being...
The Gig Economy: What Is It and Is It Right For You?
The gig economy is booming. And you can thank the internet for its meteoric rise, making it easier for people to network, promote their services and, ultimately, be their own boss. That, in a nutshell, is what the gig economy is: Work based on short-term contracts and...
Clean Up Your Credit Rating: How to Check and Remove Mistakes
Your credit rating is an overview of your financial history, commonly used to help prospective lenders decide whether or not to offer you credit. From getting a phone contact to getting a mortgage, a lot can be affected by your credit score. This means keeping it...
Global Pension Crisis Will Cost £54 Trillion – What’s Going On?
It's not just the UK that's being threatened with a financially devastating pensions crisis. The world's biggest economies currently face a £54 trillion blackhole – a figure that, without strong leadership from the governments, will rise to more than £300 trillion...
The Rise of Working While We’re Sick
In what may seem like a boon for companies across the country, the number of sick days we're taking off work is falling. That's the word from insurer Aviva, in their latest Working Lives Report, which is designed to study the issues most affecting employers and...
Bank of England Blames Brexit for Falling Consumer Spending
The Bank of England's governor, Mark Carney, has said that the 'Brexit effect' is starting to take hold as we see a slowdown consumer spending. Many economists and financial experts have been warning since the June 23rd referendum that the slowdown was possible, even...
Should You Treat Your Personal Finance like Running a Business?
Something that we've heard recently is the idea that people should 'run their finances like a business'. It may sound like a motivational soundbite, but we think that there may well be some truth behind it. After all, the purpose of a business is to be profitable,...
Are You Part of the 34% Not Saving for a Pension?
It’s been well-documented that savings rates for UK households are fairly abysmal – a report from the Lords Exclusion Committee found that 40% of all savers have less than £100 stashed away. But no less worrying is a recent study from lender Lending Works that shows...
Lending Down as Consumers Tighten Their Belts
Consumer lending is slowing down, from a 10-year-high of 7.2% last October to 6.1% this March. That's the verdict from the British Bankers Association (BBA). March's lending figure is also down compared to February’s 6.5%, with those seeking credit cards and loans...