Home
Close your eyes and imagine receiving a large amount of money.
What do you see? What does it buy?
The exact amount will dictate what is possible, of course. But, many would pay their mortgage off before dreaming of shiny new cars, skiing holidays, or for the more frugal, maybe a new… toaster?
Whatever the money will be spent on, repaying your mortgage is often the first thing on people’s minds. And for good reason; those monthly mortgage payments are often the main reason people can’t give up work early (or at all, ...
Close your eyes and imagine receiving a large amount of money.
What do you see? What does it buy?
The exact amount will dictate what is possible, of course. But, many would pay their mortgage off before dreaming of shiny new cars, skiing holidays, or for the more frugal, maybe a new… toaster?
Whatever the money will be spent on, repaying your mortgage is often the first thing on people’s minds. And for good reason; those monthly mortgage payments are often the main reason people can’t give up work early (or at all, ...
August 18th, 2017
A safe place to keep money means various things for different people.
Some prefer banks, whilst others may prefer stashing it under the bed (although that’s not so safe!), but one of the most secure places for your savings comes in the form of National Savings and Investments (NS&I).
In its 156-year history, the NS&I has kept the nation’s money safe and sound, whilst funding its public-sector net cash requirement. HM Treasury offers a 100% guarantee on any money held using NS&I products, beating the £85,000 limit covered by the Financial Services ...
August 11th, 2017
Savers who can put their money away for the long term are able to earn 30 per cent more than they would six months ago, according to analysis by Telegraph Money.
Those willing to put their money into fixed rate bonds are being rewarded with significantly higher interest rates, with Paragon Bank leading the best buy tables on their:
One-year fixed bond
Two-year fixed bond
Three-year fixed bond
Five-year fixed bond
With interest rates on fixed savings bonds creeping up over the past few months, predictions of further increases are being made ...
July 14th, 2017
According to new research by Legal and General, the average UK employee only has enough money saved to maintain their lifestyle for a month if their income suddenly stopped.
The results from a survey of 2,000 people suggest that the nation is ill-prepared for a financial emergency, with many having only enough savings to last them a week, and some having none at all.
How does it differ by region?
As a general rule of thumb, it is recommended to have enough money saved to last you three months. As with all rules of ...
June 19th, 2017
