debt

Nearly half of mums have debts from one to 20 thousand pounds

Mums face cost of living crisis already in thousands of pounds of debt

Nearly half [49%] of mums have debts from one to 20 thousand pounds, with one in 10 shouldering debts of over twenty thousand pounds, according to new research from workingmums.co.uk which shows that 90% of mums in work have not had a salary rise in line with inflation*. workingmums.co.uk ’s annual survey lifts the lid on the harsh financial times that mums are trapped in, some with debts of...

Over half of UK adults got into debt in 2020

One in four UK adults said they got into arrears because of the pandemic

Over half of UK adults got into debt last year, with one in four revealing that their debt was a direct result of the COVID-19 pandemic, according to new research.

The study by personal finance experts at money.co.uk reveals that 51% of UK adults got into debt in 2020 and half of that was new debt directly caused by the pandemic.

The average amount of debt owed in the UK in...

Couple discussing money

What’s your money personality type and how can you improve it?

All of us have habits – and this applies to how we manage our money too. Whether our relationship with money is something we’ve picked up from our parents, or it’s been shaped more by our experiences in adulthood, attitudes to saving and spending differ.

TopCashback.co.uk has highlighted five different financial personality types. No one is perfect though – and even if you’re...

How to dig your way out of debt in 2020

With Christmas and the New Year celebrations now over for another year, many people are experiencing a sinking feeling.

That awful moment where you know you can't put off looking at your bank or credit card statement. The due dates on your regular payments – or the bills landing for those items you bought on credit online.

Tempting as it is to stick your head in the sand,...

Five expert tips to avoid a Christmas debt hangover

The pre-Christmas sales are now in full swing and retailers are bombarding us with their so-called 'too good to miss' offers.

But now can also be a particularly dangerous time for people being tipped into debts by festive spending – which they could spend much of 2019 trying to pay off when bills thud onto doormats.

Previous research from the Money Advice Trust charity...

3 in 4 Brits believe students wouldn’t tell a parent if they have financial troubles

New research has uncovered students' spending secrets and bargain blunders, and while 68% of respondents believing that students have no issues managing their money, over three quarters (78%) said that students would never tell a parent if they were experiencing financial troubles. The research, commissioned by printing and visual imaging company Epson, has unveiled that the UK believes that...