We are, says The Times, reaching “unknown levels of indebtedness”. Individual voluntary arrangements (IVAs), also known as ‘bankruptcy-lite’, exceeded 50,000 last year, up from around 20,000 in 2005. Including bankruptcies, more than 100,000 people were …
This feature is part of our FREE weekly personal finance email, Money Sense, written by MoneyWeek editor Merryn Somerset Webb. If you’d like to receive Money Sense to your inbox every Monday, click here: sign …
We all know that the Government inflation figures often bear little relation to our own living costs, and if you have your heart set on educating your children privately, it may come as a shock …
It is all very well getting your investments right, but most of us are losing out by having the wrong mortgage, the wrong broadband and gas suppliers and the wrong savings accounts than we ever make …
The newspapers are awash with ideas on how to save money this Christmas: buy your presents online; buy them in New York; go on a booze cruise. The Independent on Sunday’s David Prosser even suggests …
One of our most treasured documents is an article written by P. Henry Mueller when he was Chairman of the Credit Policy Committee at Citibank in 1978. His article which was based on a talk …
Doing your Christmas shopping online makes perfect sense – no heavy bags, hostile crowds or horrible queues – and this year is set to be a record-breaker, with internet sales in Britain expected to top …
You will have trouble believing this, but I’m beginning to feel a tiny bit sorry for the high-street banks. The last few years have been bonanza years for them. They’ve lent us insane amounts of …
First Direct has just announced that as of next February it intends to charge customers a monthly £10 fee if they don’t keep, or deposit, at least £1,500 a month in their current accounts. There …
This feature is part of our FREE daily Money Morning email. If you’d like to sign up, please click here: sign up for Money Morning. ‘New fees signal an end to free banking’, runs the …