TweetShareAccording to the American Express study, a quarter of parents spend over £100 on their child’s first birthday party with an average of £84 on presents. However, once costs for invites to other parties and the necessary gifts are added up, the firm claims that the average family with two children spends £450 each year [...]
Archive for September, 2006
Jelly, ice-cream and debt
by News Team on September 30th, 2006
Student cashpoint warning
by News Team on September 29th, 2006
TweetShareIt claims that of the 400 machines located at university premises, half charge a typical fee of £1.50, which adds 15 per cent to a withdrawal of £10. Stuart Bernau, executive director at Nationwide, said: “Students need to be particularly alert when they are withdrawing cash as charges to access their own money quickly add [...]
Credit card balance transfers ‘mostly worthless’
by News Team on September 29th, 2006
TweetShareDue to increases in balance transfer fees, the cost of switching to an introductory offer of no interest means that “the vast majority of nought per cent balance transfer deals will become largely worthless,” a spokesman from the firm said. Eddie Nott, deputy chief executive of M&S Money, commented: “You would like to think that [...]
Britons ‘most indebted in Europe’
by News Team on September 28th, 2006
TweetShareAccording to the Datamonitor report, Britons’ loans and credit card debt total £215 billion and the average debt of £3,008 is twice the average for western Europe. This report comes out on the same day as a Visa report claims that Britons are the worst in western Europe for budgeting for shopping. With poor financial [...]
Debt problems rise for twentysomethings
by News Team on September 28th, 2006
TweetShareIn the W3 Debt Solutions report, the amount of people in their 20s taking out an Individual Voluntary Arrangement (IVA) has soared by 90 per cent in half a year. “I am very concerned about the sharp rise in IVAs among 20 to 30-year-olds,” said Greg Mullarkey, chief executive of W3 Debt Solutions. “Living with [...]
Britons worst for budgeting in Europe
by News Team on September 28th, 2006
TweetShareIn Visa’s new shopping IQ test, Britons came last at researching products, second bottom at both trying new products and saving money and fourth from bottom at self-control. With such poor self-control of finances, it is hardly surprising that Britons owe around £1.2 trillion in debt. These findings are backed up by Datamonitor, which today [...]
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