23 years to save for a house deposit? It really could take that long

iStock_000002419188XSmallA financial provider has revealed it could take tenants more than 20 years, to save the money required to put down as a deposit on their first house. Too Expensive Scottish Widows, who conducted the survey, discovered the average renter will save around £2,000 a year towards a house deposit. This means that it could take a whopping 23 years, to save the average £50,000, required to make the down payment on their first house. The survey, which involved ...

Talking ’bout my generation? Financial tips for thirtysomethings

In the latest part of our regular series, we offer our top tips to each generation for dealing with the financial crisis, this month we look at the problems facing thirtysomethings. Your 30’s traditionally the decade of your life when you raise a family, move on from your starter home, and start thinking about pensions, life insurance and other ‘sensible’ financial planning. Has the credit crunch and subsequent financial crisis changed that? Probably not, if you were already on the housing ladder when the full effects of the financial crisis struck. But definitely if you are still looking to buy your first ...

6 Financial tips for parents by Bev Stoves

Having two young boys myself I am fully aware of the calls on the time of parents. The school runs, sports clubs, ferrying them from A to B or just sitting them down to complete their homework all takes time, leaving very little for other important things, including what we rather grandly call 'financial planning'. I've therefore put together a few quick financial hints and tips for parents. They are all pretty common sense, but I can almost guarantee that no parents reading the list will have done everything on it; if nothing else hopefully this article will act as a ...