savings

UK workers were forking out as much as £544 for their monthly commute

Working from home has saved commuters as much £300 per month

Working from home has saved commuters as much £300 per month during lockdown, new research reveals.

UK workers were forking out as much as £544 for their monthly commute and other work-related costs prior to the UK going into lockdown last March. However, since then, nearly two thirds (65%) of workers are currently working from home or have done so at some point during lockdown,...

The uncertainty around the pandemic has triggered more financial worry in Brits

60% of Brits are feeling stressed over their financial position

Since the global outbreak of COVID-19 began in early 2020, many Brits have experienced extra financial pressure. To help understand how Brits are coping, Blacktower Financial Management has taken a closer look to uncover which cities are most concerned about the monetary implications of the pandemic, as well as those saving more now than ever before.

The UK has been one of the world’...

40% of millennials have been spending more since the base interest rate fell to 0.1% in March

Over half of millennials parting with their savings to boost struggling economy

More than half of millennials plan to spend some or all of their savings to give British businesses and the struggling economy a boost, according to new research from NerdWallet .

The personal finance platform commissioned an independent survey of over 550 millennial savers (aged 18-34). It found that the average millennial has £8,675 in savings.

The research revealed that...

Lockdown restrictions have cancelled the daily commute for millions of workers

Brits have saved an incredible £9.1BN on fuel during lockdown

New data from GoCompare reveals Brits have saved an incredible £9.1 billion on fuel prices since the start of lockdown in March!

Lockdown restrictions have cancelled the daily commute for millions of workers, freeing up both the roads and our budgets.

As most cars stay stationary, less petrol is being purchased across the UK. That saving has severely impacted the cost of...

Car insurance has fallen by £52 year-on-year

Average cost of car insurance has fallen by £52

There’s good news for drivers, as the average cost of car insurance has fallen by £52 (6%) year-on-year, in the steepest price drop seen in two years.

Drivers in the UK can now expect to pay £763 for their car insurance when buying a new policy, on average.

This is the cheapest that prices have been since early 2019. That’s according to the latest car insurance price index...

Savings made throughout the pandemic

Brits save a small fortune during Pandemic

BRITS ARE saving a higher proportion of their income due to the current pandemic, a new study finds.

A survey of 2,002 UK adults, conducted by leading personal insolvency practice, Creditfix.co.uk , has revealed that due to the social restrictions that have been in place during lockdown, the average Brit has been able to save £495 per month (an increase of £273 compared to their...

Couple with money worries

Have financial worries made you press pause on life goals?

This year has thrown many people’s personal finances, as well as the wider economy and job market, up in the air – which for some has meant being forced to unpick life plans they may have spent years carefully putting together.

For some people, the repercussions could be long-lasting and ripple through the generations.

Despite early speculation that lockdown may trigger a...

Lady at her laptop worried about money

Five money mistakes to avoid right now

Spending habits have changed radically since the start of the lockdown, with many people now having to get by on a reduced income – not to mention our usual routines and access to shops and restaurants having altered significantly.

According to figures from trade association UK Finance, credit card spending across the UK shrunk back by more than 12% in the year to March. Meanwhile,...

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...

elderly couple checking their home finances

Feeling the pinch? Ten ways to save money in the home

As if the threat of catching a global virus wasn’t bad enough, millions of households are also dealing with a huge cut in their household income.

The average family is £515 a month worse off because of coronavirus, according to the Centre for Economics and Business Research (CEBR), which has calculated there’s a monthly fall of £14.2 billion in UK disposable incomes due to job losses...

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