savings

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...

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...

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...

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...

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...

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,...

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...

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...

More than three-quarters of employees across the UK were members of a workplace pension scheme last year – a new record high, official figures reveal.

According to the Office for National Statistics (ONS), 77% of employees were in a workplace pension scheme in 2019, marking the highest membership rate since comparable records started in 1997.

Automatic enrolment into...

We can all become complacent with our finances, but as with any bad habits, the first step is admitting something needs to change – and spring is an ideal time to give your money habits a deep clean and refresh.

But, once you’ve decided to improve your money habits, where do you start?

Here are some ideas from TopCashback.co.uk UK director Adam Bullock, for spring cleaning...