Method of Payment Influences the Price You Pay for Consumer Goods

When buying things in stores and from online vendors, you usually have a few different payment options to choose from. Whether you’re on High Street or connecting with sellers on the internet, major credit cards, direct debits, and store-issued cards are among the most common ways to pay. Various electronic wallets are also available, which can help expedite payments by way of your mobile phone. When you spend money at brick-and-mortar locations, cash is another easy payment alternative, but modern shoppers often forgo using actual currency. With several ways to proceed, there really isn’t a single best way to pay for goods – it comes down to your personal preferences…. read more >>

Financial Skills Found Lacking Across the World

With efforts underway to strengthen school-age financial education in the UK, adults’ financial knowledge and skills are also under scrutiny. According to some statistics recently compiled, it would seem money handling savvy is not at a level one would expect among adults. Strong financial skills include the ability to manage money, calculate costs, and plan for your financial future. If you feel as though you’re lagging behind in these areas, you’re not alone. A recent study took a look at adult financial abilities across the world, assessing participants in more than 30 countries. The results compiled by researchers illustrate significant weaknesses in people’s skills handling money. Financial Literacy Put to… read more >>

Do Schools Spend Enough Time Teaching Financial Lessons?

Personal financial understanding is accumulated over the course of a lifetime. Lessons are learned the hard way, at times, sometimes leaving people with regrets, for not having better financial sense. This knowledge vacuum, which can result in hardship, presents a strong argument for getting a basic financial education, early on. Are UK schools doing enough to provide financial lessons? According to some observers, UK schools are not serving this vital educational function – failing to impart valuable financial lessons students need to successfully navigate monetary matters. Most importantly, research indicates parents are not satisfied with the level of financial learning taking place in UK schools. Parents Call for Financial Skills… read more >>

Property Prices Show Signs of Brexit Effect

Of all the things you own, your house is probably the most valuable. That is, if you are fortunate enough to own property, following a stretch of unusual housing market conditions. With so much money invested in your home, rising and falling property values have a significant impact on your financial health and net worth. If you are like most UK property owners, you’d like to see stability in the market, protecting your single most substantial investment. Remember the housing crisis? Although it has been a decade since the global meltdown, property owners are still somewhat skittish, recalling the dire conditions that developed when house values plummeted. A housing boom… read more >>

Income Level Can Help Shape Money Management Style

Cookie-cutter solutions don’t always point household money managers in the right direction. What makes sense for a family on the high end of the earnings scale may not apply for those languishing near the bottom. Add personal preferences, existing financial obligations, and other individual factors, and each person’s style managing money is rightfully unique. Incorporating universal financial strategies in to your personal finances is prudent, but you should also consider variables exclusive to your circumstances. Blending golden rules such as “spend less than you earn” with individual particulars like “save money for a house in London” keeps you moving in the right direction, without losing sight of your personal financial… read more >>