Money

Are you a cash stuffer or a doom spender? The new lingo helping people save money

Cash stuffing Every Thursday night Jen Bowen, 39, a business analyst from Swindon, puts a Post-it on the fridge telling her husband how much to withdraw from the ATM or, if she needs a specific denomination note, the post office on his way to the gym. Friday is cash-stuffing day, where she opens her binders and meticulously divides up her weekly budget, made up of notes and coins, into labelled wallets. Bowen is part of a growing community of...

People with these five PIP conditions could receive £470 every month to help with daily life

People with these five PIP conditions could receive £470 every month to help with daily life - Health issues that qualify include certain mental health conditions and neurological disorders

What to Do When You Have More Retirement Income Than You Need

These three options can help you allocate extra income in ways that don’t push you into a higher tax bracket or trigger extra taxes.

The median wealth per adult in European countries (Spain does not fare badly)

On this map, we can see how much personal wealth the average European adult has. Wealth is shown in US Dollars and includes both financial and non-financial wealth. Non-financial wealth mostly consists of land and real estate. The reason this map shows the median and not the average is that an average is usually skewed by the extremely wealthy. This results is an amount that is far higher than the wealth of most adults. In the case of the...

I Looked Through 10,000 Coins, Here's What I Found

this is not financial advice

Here’s how I’d target a million by buying FTSE 100 shares

What's the best way to find the FTSE 100 shares that could make us a million? I say listen to those who've already achieved it. The post Here’s how I’d target a million by buying FTSE 100 shares appeared first on The Motley Fool UK.

When will you retire? The dream age is 62 - but reality is grim for many savers

An additional 1.2million adults are now NOT on track for even a basic standard of living in retirement compared with last year, according to the Scottish Widows study.

The Power of Merchandise

With great merchandise comes great power - in everything from politics to sprits.

Cash stuffing: how this viral budgeting method works

If you have been anywhere near social media sites like TikTok or Instagram (and even if you haven’t), you may well have heard of a budgeting technique called “cash stuffing”. With the past few years categorised by a cost of living crisis and squeezed salaries, it is no surprise that people across the country are keen to find ways to save money. One...

Starmer accused of U-turning on pledge to scrap his own pension tax perk

Sir Keir Starmer has been accused by the Tories of performing a U-turn on a pledge to scrap a “special tax perk” he enjoyed on his pension. The Prime Minister has his own law, from his time as Director of Public Prosecutions, which exempted him from the £1 million lifetime allowance. He had pledged to repeal the law as part of plans to reinstate th...

You'll soon be able to buy restaurant reservations in London — but at what cost?

You'll soon be able to buy restaurant reservations in London — but at what cost? - A new app could get you a table at a fully booked spot, says Joanna Taylor

Petrol stations ‘rip off’ drivers by £1.6bn with supermarkets worst offenders

Petrol stations have been branded “outrageous” after overcharging motorists by £1.6bn last year. The Competition and Markets Authority (CMA) found that petrol stations’ fuel margins – the difference between what a retailer pays for its fuel and what price it sells it at – remain significantly above pre-pandemic levels. The regulator said the price ...

7 ways to know you’re financially thriving (despite how it might feel)

A £20k Stocks and Shares ISA put into a FTSE 250 tracker 10 years ago could be worth this much now

The idea of a Stocks and Shares ISA can scare a lot of people away. But here's a way to invest in one that helps to lower the risk. The post A £20k Stocks and Shares ISA put into a FTSE 250 tracker 10 years ago could be worth this much now appeared first on The Motley Fool UK.

Why the coins in your pocket make you a Roman

“This is two thousand years old,” my father reminded me as he placed the small silver disc in the palm of my hand. It was still gleaming, cool to the touch, no bigger than a penny. My young mind could not possibly comprehend such an expanse of time. This coin was older than both world wars, older than Shakespeare, and had already existed for a mill...

LVMH's luxury wares earn top billing at Olympics opening

PARIS (Reuters) - Bernard Arnault, France's wealthiest man and chief executive of luxury group LVMH, paid some 150 million euros ($163 million) to be the premium sponsor of the Paris Olympics'. At the Games' opening ceremony, his wares were placed front and centre of an extravaganza viewed by a global audience. Grammy-winner Lady Gaga delivered an energetic performance of Renee 'Zizi' Jeanmaire's

How to buy the freehold of a leasehold – and how much it costs

Even if you’ve bought your property and have become its legal owner, you might only own the bricks and mortar, not the land it’s built on. Most flats in England and Wales are sold on this leasehold basis, but until a change of rules in 2019, many new build houses were sold in this way too. For some homeowners, the arrangement isn’t ideal – you don’...

Foreign investor that loaded Thames Water with debt takes control of UK gas network

The former owner of Thames Water is to take full control of Britain’s gas network in a £700m deal. Australian investment giant Macquarie is to buy the 20pc of Britain’s National Gas that it does not already own, handing it full control of a piece of critical national infrastructure. Macquarie is best known in the UK for buying Thames Water in 2006 ...

What would 30% flat rate pension tax relief mean for YOUR retirement fund?

Tom Selby, of AJ Bell, explains whether a shake-up is likely under Labour and how it might affect pension savers.

UK ticket-holder wins EuroMillions jackpot

A single UK ticket-holder has won the £24m EuroMillions jackpot in Friday's lottery draw.

Interest Rates Surge: The Looming Decrease in Wages and Scarcity of Jobs in the UK

Interest rates are impacting all sectors, and as a result, wages might decrease soon. At the same time, job seekers may notice jobs becoming all the more scarce. Here are some of the challenges the UK faces. Defining Economic Inactivity The Office for National Statistics defines economic inactivity as unemployed people who have not managed ... Read more

Broadband and phone bills set to soar AGAIN as firms eye poll tax-style price rises

The cost of millions of mobile phone and broadband deals is set to soar, with the least well-off customers seeing the biggest price hikes of up to 11%.

What business expenses can self-employed people write off against tax? HEATHER ROGERS explains

All tax practitioners have at some point had a client who happily asserts that someone they know claims 'everything', and then had the unenviable task of putting the increasingly crestfallen client straight.

The annual salary you need to earn to be in the top 1% in every US state

Above-inflation pay rises for public sector workers expected to be agreed

The government is expected to agree to above-inflation pay rises for public sector workers in the coming days, amid concerns over the costs of not settling, Sky News understands.

Your food is more expensive – is it driven by US corporate profits?

As inflation shot to its peak around mid-2022, Chipotle’s prices also rose, pushing up what customers paid for burritos and bowls by as much as several dollars. Since then, the fast casual restaurant’s costs have broadly fallen. Prices have not. Chipotle’s decision to maintain high prices helped boost profits 110% in recent years, while its executives boasted to investors that they raised prices higher than inflationary costs. Chipotle’s...

Britain sets out next leg of post-Brexit City shake-up

By Huw Jones LONDON (Reuters) -Britain set out on Friday the next leg of its post-Brexit shake up of the City in a bid to attract more investment to a cash-strapped economy by making it cheaper and easier for companies to tap shareholder funds. Britain has already begun easing its financial rules under the "Edinburgh Reforms" to compete better with New York, and with European Union financial

‘Why is it so hard to spend a £10 note in central London?’

I have a confession to make. Despite writing regularly about how important cash is for many, I rarely use notes and coins. I’ve become so accustomed to paying by card or my phone app, I don’t even carry “emergency” cash with me. My idea of an emergency backstop is the debit card buried somewhere at the bottom of my bag. I’m certainly not alone in t...

Bank of England threatens curbs on use of 'funded reinsurance'

By Huw Jones and Carolyn Cohn LONDON (Reuters) - Britain's insurers could face curbs on how they undertake acquisitions of certain pension schemes unless they manage risks better, the Bank of England said on Friday. Large UK insurers such as Legal & General, Aviva and Phoenix have cashed in on demand for bulk annuities, insurance for defined benefit, or final salary pension schemes. In a fast

I'm about to inherit £200,000, what should I do with it?

In a few months I'm due an inheritance of £200,000 from my dad's estate and I have no idea what to do with it.

Thousands born in these years owed £7,293 by DWP after state pension mistake

The DWP is currently working through a state pension underpayment 'LEAP' exercise, with the aim of identifying underpayments owed to several different groups of pensioners.

HMRC confirms 'little known' tax allowance after state pension question

A taxpayer got in touch after reading about the allowance in a Martin Lewis article

‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon

‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon - “Deadpool & Wolverine” has gotten off to a supercharged start at the box office, breaking the Thursday preview record for an R-rated movie

With trials pushed back, Trump sees first big dip in legal bills

WASHINGTON (AP) — As former President Donald Trump faces a supercharged Democratic fundraising effort, a persistent drag on his campaign’s coffers may be easing: legal expenses. A new report shows that the Save America political action committee paid about $827,000 in June for Trump's legal bills — the first time a monthly total has dipped below $1 million in two years. The Trump-aligned PAC has shelled out an average of nearly $4 million a...

Bank of England Governor Andrew Bailey may hold key to decision on rate cut

The nine-person Monetary Policy Committee will meet on Thursday to vote whether or not to cut for the first time in four years.

'All' UK tourists leaving UK with Visa card in wallet or purse 'warned'

Three in four anticipated 'fraud' when travelling abroad this summer, UK tourists have told Visa, with the card provider sharing details of the findings in a new study this week.

ALEX BRUMMER: Chancellor Rachel Reeves must end her deceit over economy

It undermines the credibility of a Government which seeks to position itself at home and abroad as steady hands on the tiller of state.

How much are student loans, when do you start paying back and what is the interest?

Basically, student finance is a government-financed loan that covers university students' tuition fees and living costs for the duration of their study.

How to be frugal: Easy money-saving hacks from people who’ve mastered cutting back

How to be frugal: Easy money-saving hacks from people who’ve mastered cutting back - Living more frugally could reduce stress and help your money go further.

UK shares: a once-in-a-decade chance to bag sky-high passive income

The FTSE 250 is offering up incredible passive income opportunities right now. Our writer takes a look at one stock carrying a double-digit yield. The post UK shares: a once-in-a-decade chance to bag sky-high passive income appeared first on The Motley Fool UK.

Trump's Dollar Rhetoric Diminishing, Says HSBC's Maher

HSBC Head of Research in Americas and FX Strategy Daragh Maher says that former US President Donald Trump's dollar rhetoric is diminishing adding that this week witnessed an exaggerated response in the currency market. He spoke with Dani Burger on Bloomberg Brief.

The simple ways to save money on airport car parking – and the cheapest places to park

Research carried out by Telegraph Travel has shown airport parking can end up costing you more than your flight. With the cost of leaving your vehicle for a week exceeding £120 at half of the airports we surveyed, it’s important to be sure that you not only get the best price, but make sure your car is left in safe hands. Here are four key points t...

Infected blood victims’ families can apply for £100k compensation from October

Infected blood victims’ families can apply for £100k compensation from October - As of June 30, interim payments of more than £1 billion have been made to patients infected with contaminated blood products, and bereaved partners.

Bed and Isa: how to protect your investments from the taxman

Increasing numbers of investors are making use of a tax trick where they can move their current investments into an Isa and protect their assets from the taxman. The process is known as “Bed and Isa” and comes as many wealthy savers are worried about a potential capital gains tax raid under the new Labour government. Here, Telegraph Money explains ...

Four things you must do before you go on holiday to save money on bills

Energy bills are at their lowest since 2022 - however, they are still much more expensive than they once were - here are just a few things you should check to help save you money before leaving your home for your holiday

‘I’m not in finance for the money, I want to help people’: the City’s next generation

The sound of the summer is a song with the lyrics “I’m looking for a man in finance”, which has taken over TikTok. It goes on: “Trust fund, 6ft5, blue eyes…” But it’s not just banker boyfriends on the wish list – City careers are also in demand. In an era of job instability and high living costs, Gen Z is increasingly looking to work in banking, de...

Seven banks share data with UK law enforcement in 'dirty money' crackdown

By Kirstin Ridley and Sinead Cruise LONDON (Reuters) - Barclays, NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and "dirty money" flowing through the country. Reuters revealed one year ago that more than six banks, including NatWest and Lloyds, were part

Money can really buy you happiness, especially if you’re a billionaire

Money can really buy you happiness, especially if you’re a billionaire - Researchers find that a correlation between money and happiness extended to people making at least $500,000 a year

I saved £30,000 in 2 years - all while working a minimum wage job

I set myself a goal of becoming a millionaire in 10 years.

Four Ways to Give Money Tax-Free to Your Kids When You Die

If you’d prefer that your estate not pay more taxes than necessary, then these strategies are for you.