Category: Personal Finance

Open Banking Rules Change the Financial Landscape for UK Consumers

Many different factors influence your personal finances, including laws and government finance regulations. Sweeping changes to banking rules are underway, potentially changing the way UK consumers handle theirs cash and credit affairs. Open Banking is Now in Effect Open banking represents a series of shifts impacting the relationship between bankers, consumers, and the personal data that links them. Under the new rules, consumers have greater freedom to share their banking information with other authorised service providers. New open banking regulations require financial institutions to get out of the way when you’re ready to share your personal information with third party service providers. That means customers with money on deposit have… read more >>

Choose Affordable Alternatives to Get Spending Back on Track

Prosperity can be elusive, particularly when your earnings don’t provide surplus funds, after your monthly bills are paid. Operating close to your financial limitations is manageable, but success may require you to pay close attention to your personal cash handling habits. If your household income isn’t rising any time soon, but you need financial relief, review these spending areas for savings you can count on. Get About for Less The cost of getting about represents a substantial sum, so you have to account for local travel spending, or risk paying too much. There are three general options available for UK residents, moving about. Of course the most convenient and accessible… read more >>

Adopt These Frugal Habits for Consistent Savings

There’s no limit to money-saving possibilities, but it’s up to you to make the most of deals and freebies. You may need a push getting started, but once you’ve committed to frugal living, cutting costs becomes second nature. From family fun to everyday purchases, small steps can lead to big savings. Use these cost-conscious suggestions to reduce spending and restore your financial health. Enjoy Free Fun The price of admission doesn’t always guarantee a good time for your family. On the contrary, some attractions and events are a major disappointment – with a pricey toll to pay, just to find out they’re not what you’d hoped for. Rather than risking… read more >>

How to Avoid Unnecessary Holiday Expense

Changes are in store for UK travelers, reflecting post-Brexit policies – some of which are yet undetermined. In the meantime, travel abroad remains very accessible for summer holidaymakers. There’s nothing standing in the way of rewarding travel abroad, but keeping costs in check remains a top priority for budget-conscious Britons. Fortunately for those UK travelers operating within strict holiday budgets, several money-saving strategies can help keep costs as low as possible, stretching recreational resources for maximum enjoyment. Know Your Rights When Airlines Let You Down Until Brexit changes the rules, Britons booked with European airlines and those traveling within the EU are protected by travel policies, governing airlines. Under current… read more >>

Financial Apps and Services Streamline Money Management

Comprehensive personal money management encompasses wide-ranging financial matters. Tending to all of them and keeping your finances in order can be challenging, at times, so anything that simplifies the process or adds precision is welcomed. In addition to diligence, research, consistency, and other prudent financial practices, making the most of technology can also help you keep track of your money and achieve budgeting success. Several worthy apps are available, providing tools for UK users needing finance help. Money Apps Simplify Household Finance There’s nothing wrong with taking pen to paper, working out your finances. But several modern money apps are available, which make it easier to track various aspects of… read more >>