Mental health issues and bad borrowing decisions: a vicious circle?

One in six of us will experience common mental health issues, like anxiety or depression. Unfortunately, as many as half of the people who have symptoms of these illnesses will go untreated (Source: Mental Health Foundation). Indeed, it is highly likely that you know people who are facing mental health problems, even if you do not have them yourself. How are you affected? You might be wondering what that has to do with your money and personal finance. According to Money and Mental Health, people ...

How do financial secrets affect your relationship?

How much does your partner know about your finances? For many people, the answer seems to be ‘not much’. Research from Prudential has shown that 31% of people have savings that their other half is unaware of. More than that, 7% have over £50,000 stashed away. Why is that a problem? We’ve previously discussed how one in five people could be in a financially incompatible relationship, so it is hardly surprising that so many people have private saving accounts or hoards of cash which their partner does ...

Helping younger generations plan for retirement on a zero-hour contract

The Office for National Statistics reported in April that the number of people employed with no set guaranteed working hours had risen by 100,000 to 1.8 million, over 12 months. This is worrying, as the number of zero-hour contracted employees had previously been in decline since 2015. Unfortunately, with no guaranteed hours, these employees may be put in an unstable financial position. Whilst the impact of such an arrangement will not be felt immediately, there may be repercussions affecting later life as well. It is likely that you ...

Just a number: Buying your first home over the age of 30

As the situation for first-time buyers seems to get more difficult, the profile of an average new homeowner has evolved. According to government statistics, the average age of today’s first-time buyer is 32, and there are more couples buying houses together (74%), than single ownerships. In addition, 37% of first-time buyers are already parents by the time they move into their own home. Does age matter? It depends how you look at it. On one hand, we all take life at different paces and buying your first house over ...