Savings News
How UK parents are saving stay-at-home kids £17.1bn
Young adults age 18-34 living with their parents are saving themselves a staggering £17.1bn a year in rent and living costs, according to research conducted on behalf of budgeting account provider thinkmoney.co.uk.
Quit smoking in ‘Stoptober’ to feel healthier and wealthier
Stoptober 2014 is in full swing and analysis from MoneySuperMarket reveals smokers who take up the challenge to kick the habit will benefit from healthier bodies and bank balances.
A quarter of UK consumers have no ‘rainy day’ savings
Brits estimate that they should have £1,200 put aside for emergencies but 59% have less than £1,000 saved up.
The UK’s top 25 money saving tips revealed
Discount vouchers, coupons and apps top the list of the nation’s favourite money saving tips, with half of UK adults using them to cut the cost of goods and services.
Post Office launches competitive range for UK savers
Post Office is to launch a number of savings products with new, improved rates across the majority of its range. The revision includes new issues of its Online Saver, Reward Saver, Growth Bonds, Online Bonds, and Cash ISAs. The new issues are available to customers from Friday 12th September 2014.
Savers leave it late to boost funds for retirement
Savers are leaving it until their mid-50s before they boost their savings reserves – just as they close in on retirement – according to latest research by the Halifax.
Bilingual Brits driving a hard bargain abroad
When it comes to haggling abroad, if you don’t ‘interroger’ you don’t ‘obtenir’ – as Brits who are willing to give bilingual bargaining a go save an average of £345.25 on their trip.
Brits shun savings accounts for DIY saving
An estimated £1.3bn of loose change is sitting in coin jars across the country, according to new research, as 10 million more UK adults save money in a coin jar than in a bank or building society savings account.
UK household savings rise by 500% in the last 40 years
The value of household savings – including deposits, savings and pensions – has grown more than six fold (539%) in real terms over the past 40 years, according to latest research from Lloyds Bank.
Brits wasting almost £1,200 a year which they know could be avoided
Over half of Brits (53%) feel they are wasting money each month, according to online research from Standard Life by YouGov Plc.
Bank of Nan and Grandads’ billions for student grandchildren
The Bank of Mum and Dad is fast becoming the Bank of Nan and Grandad – after a poll revealed that Britain’s over 50s plan to give their grandchildren £16.7 billion for their university costs.
Almost 40% still aren’t saving money each month
The latest Lloyds Bank Savings Index shows a stable picture for the nation’s savers, yet despite the widely publicised upturn in the economy, many still aren’t able to save each month.
Helping your kids save and prepare for the time of their life
To help with any features you are writing on students and gap years, here are some top tips from Julie Hutchinson, Family Finance Expert at Standard Life, on saving and preparing for your teen’s big trip.
Average UK household savings fall behind other economies
UK households have fallen behind other European households when it comes to the amount they could be saving each year – slipping behind both Spain and Italy and only just ahead of Portugal, according to the Post Office’s Future of Savings Study.
Rising holiday costs see savings raided
Savers are withdrawing, on average, over double the amount that is being paid in to their savings account, as the cost of paying for summer holidays takes its toll, says the latest research from Halifax.