Money

I've saved £100k by 32 - but it's come at a cost

If I don’t need it, I don’t do it.

Jobs that pay the most for under 30 hours work a week

The best ways for first-time buyers to save a deposit - and why they need a Lifetime Isa

The typical house deposit is now £60,000, but finding the best interest-paying savings account can help first-time buyers get there faster.

Bank of England's Taylor says it's time to cut interest rates

By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain's economy, Alan Taylor, the BoE's most recently appointed interest rate setter, said on Wednesday. Taylor, an economics professor, voted to cut rates in November - when Bank Rate was cut to its current level of 4.75% - and again in December when the

Women's Wealth Growing: How to Handle It Like a Pro

Even as women play catch-up because of the gender pay gap and caregiving responsibilities, they're winning financially.

Italy's public debt tops 3 trillion euros, highest on record

By Sara Rossi MILAN (Reuters) - Italy's public debt rose further in November, exceeding 3 trillion euros ($3.1 trillion) and hitting a record high, the central bank of the euro zone's third-largest economy said on Wednesday. The sustainability of Rome's huge public debt has long been seen as a crucial factor for the survival of the euro zone, and Italy has been the most sluggish economy in the

Paying With Cash Can Save You up to 4%: Here's When It's Better Than Credit Cards

"Your Credit is Good, But We Need Cash." This line holds significant meaning today as more merchants encourage customers to use cash by offering lower prices and incentives for those who choose paper over plastic. This shift is economically significant at a time when digital wallets, cryptocurrencies, and online transactions dominate merchant and t...

My £3 a day passive income plan for 2025

Christopher Ruane walks through his plan for next year and beyond of squirreling away and investing a few pounds a day, to generate passive income streams. The post My £3 a day passive income plan for 2025 appeared first on The Motley Fool UK.

Average UK savings by age revealed – see how you compare

Italy has no plans to strengthen golden power rules on financial sector

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has no plans to strengthen its "golden power" legislation to intervene in mergers and takeovers in the financial sector, Economy Minister Giancarlo Giorgetti said on Wednesday. The golden power rules, designed at the European Union level to fend off unwanted non-EU buyers, were expanded during the COVID-19 pandemic to shield companies

Self-employed tax: a guide to income tax and National Insurance

If you’re newly self-employed or thinking it’s time that you set up on your own, you’ll need to know how self-employed tax works and when you need to pay it to avoid a fine from HMRC. Taking the plunge into self-employment can be a scary decision to make – and that’s before you think about handling your own taxes. Telegraph Money is on hand to deta...

70 Small Towns You Could Retire/Live on $1500 A Month

70 Small Towns You Could Retire on $1500 A Month Are you thinking about retirement someday? Most of us would like to but these days many of us can't. It is too expensive and we didn't invest enough into our retirement planning. Today's video might help. We did a series of this video back in 2020, the prices have changed a little but it hasn't changed so much that it isn't doable for most. Enjoy the video and don't forget the thumbs up. Do you need a local Realtor for the area you want to move to? HomeAndMoney.com can help: Use this link: https://homeandmoney.com/briggs/ Sponsorship Inquiries: [email protected] 🔶My Other Channels: 📺 On This Day: @AboutToday 🏡Suite Life For Briggs: @SuiteLife4Briggs MY OTHER SOCIALS: Facebook- https://www.facebook.com/World2briggs/ X-@World2Briggs Instagram-@world2briggs #UnitedStates

I took a pension lump sum: Should I pay off my £117k buy-to-let mortgage?

Should I use the lump sum now to cut out mortgage payments on my buy-to-let, or leave the cash to hopefully grow in value for the future?

7 money mistakes that could give you a financial ‘fright’

7 money mistakes that could give you a financial ‘fright’ - From ‘zombie’ savings accounts to pensions horrors, here are some financial pitfalls that it really does pay to avoid.

The ‘ruthless’ spending cuts that could save Britain from economic disaster

Ahead of the Budget, Rachel Reeves was clear: “There won’t be a return to austerity,” the Chancellor told BBC Radio 4’s Today programme. “There will be real-terms increases to government spending in this parliament.” It was a promise she followed through with in her record tax-raising Budget, which increased public spending by £70bn a year. Fast fo...

Best airline frequent flyer schemes in 2025 – and how Avios points work

Best airline frequent flyer schemes in 2025 – and how Avios points work - Here are the programmes for plane perks you won’t want to miss as a frequent flyer

Here's how much life cost in 1995 compared to 2025

From a semi-detached to a Pot Noodle.

20 celebrities who have made bank as business owners

Being famous doesn't always mean you're rich, but these 20 celebrities are both. And they didn't just earn money from their talent. They're also very successful business owners.

UK’s economy grows for first time in three months - but less than expected

UK’s economy grows for first time in three months - but less than expected - Gross domestic product (GDP) grew by 0.1 per cent in November, after falling in both September and October - but showed no growth in the three months to November

Exact amount of money you’ll need to retire – and 5 tips to achieve it

British stocks rally as cooling inflation lifts sentiment

By Shashwat Chauhan (Reuters) -British stock markets rallied on Wednesday, with midcaps notching their best day in a month, as tame inflation reports from the UK and the U.S. fuelled expectations of more interest rate cuts this year. The blue-chip FTSE 100 closed up 1.2%, while the FTSE 250 midcap index jumped 2.8% to log its biggest percentage gain since Dec. 15. UK stocks were already higher

How to make a side hustle work for you – what you need to know about taxes, budgets and marketing

How to make a side hustle work for you – what you need to know about taxes, budgets and marketing - A side hustle can be a good way to earn extra income while also helping you upskill and be your own boss

The Impact of Renewable Energy on the US Economy

The Impact of Renewable Energy on the US Economy Get more from ClimateCosmos! What do you think about this topic? Share your thoughts in the comments below — we’d love to hear from you! Want more stories like this? Follow us and never miss out!

March Madness will pay women's teams under a new structure approved by the NCAA

March Madness will pay women's teams under a new structure approved by the NCAA - Women’s basketball teams finally will be paid for playing games in the NCAA Tournament each March just like the men have for years under a plan approved Wednesday at the NCAA convention

How much is TikTok worth and who could buy it?

How much is TikTok worth and who could buy it? - The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations

Stock market today: Asian shares advance after inflation data drives a rally on Wall Street

Stock market today: Asian shares advance after inflation data drives a rally on Wall Street - Asian shares have advanced following a rally on Wall Street driven by encouraging update on U.S. inflation

The drop in inflation is good for your mortgage – but don’t celebrate just yet

The drop in inflation is good for your mortgage – but don’t celebrate just yet - Analysis: Milder inflation has brought hope that the Bank of England may lower interest rates, saving borrowers vast sums on loans and mortgages

Up 10% today, is it time to consider buying this unloved FTSE 250 value stock?

Jon Smith looks at a top performer in the FTSE 250 today, with the move coming from strong results from a European company in the same sector. The post Up 10% today, is it time to consider buying this unloved FTSE 250 value stock? appeared first on The Motley Fool UK.

7 things you might be wasting your money on – and 4 you should pay more for

Money by David McWilliams review – the story of cold hard cash

Money – or the lack of it – was central to the Victorian novel. Think of Mr Micawber in David Copperfield banged up in a debtors’ prison waiting for something to turn up. Or Augustus Melmotte, the crooked financier in Trollope’s The Way We Live Now. Plots invariably involved wills, the dowry of an heiress, or the collapse of get-rich-quick Ponzi schemes. They knew how to keep the reader gripped back then. Popular nonfiction books about money, by...

Why the Lloyds share price surged 6.3% on Wednesday

Inflation coming in lower than expected caused the Lloyds share price to jump 6.3% on Wednesday. But should long-term investors be paying attention? The post Why the Lloyds share price surged 6.3% on Wednesday appeared first on The Motley Fool UK.

Are you wealthy? How much in income, cash, property and pensions does it take to be rich

High income families are still building wealth and tend to be younger than the asset-rich older groups, says Sarah Coles, head of personal finance at Hargreaves Lansdown.

The exact age you need to start taking your pension seriously – or risk a poor retirement

Prioritising your pension can be a difficult sell to those who are still decades away from retirement – but analysis suggests that there is a cut-off age, where you could cause irreparable damage to your savings if you don’t start taking it seriously. The exact age is 36, according to insurer Standard Life. Failing to start considering what you wan...

What to do with your 401(k) when you retire

What to do with your 401(k) when you retire - For many employees, what to do with a 401(k) plan at retirement has been a foregone conclusion: Roll it over

Men exhibit stronger sunk cost bias than women when mating motives are activated

Men are more prone than women to exhibit sunk cost bias—the tendency to persist with an investment despite its disadvantages—when exposed to romantic cues, according to new research published in the Journal of Consumer Research. Surprisingly this effect is not limited to romantic contexts but also extends to consumer behavior, suggesting that deep-...

Age-related differences in financial decision-making and social influence

Older people are more likely to be influenced by the impulsive financial preferences of others than their younger counterparts, according to a new study. Research lead by psychologists at the University of Birmingham and the University of Oxford published today in Communications Psychology...

What is leverage in trading?

Trading strategies are designed to help individuals become more successful investors. Leverage is a type of trading strategy that involves being able to own a larger holding of assets than you’ve actually paid for. Here, Telegraph Money explains how leverage in trading works, and outlines the risks and benefits. What is leverage in tradingHow does ...

Shocking revelation: Hospital chain owes more than $1B — without enough cash to make payroll

Prospect Medical Holdings’ dire financial straits were well-documented, even before the owner of Roger Williams Medical Center and Our Lady of Fatima Hospital declared bankruptcy on Jan. 11. But its cash flow woes are even worse than previously aired in public. The national hospital chain operator owes more than $1 billion to more than 100,000 cred...

What is a cash Isa and how does one work?

If you have money to save then a cash Isa should be one of your considerations. It works in a similar way to a savings account, except that you’re limited to how much you can pay in each year (up to £20,000), and the interest your money earns will remain tax-free. There are several types of cash Isas to choose from and they’re offered by lots of ba...

Marginal gains don't add up to elite performance when it comes to the economy

Marginal gains, the science of extracting significant athletic advantage from numerous small changes, has long been a mantra in top-class sport.

Mauritius PM at centre of Chagos deal demands £3.2 million cash seized from his safe by police

The prime minister of Mauritius is suing authorities to recoup £3.2 million in cash seized by police who raided his safe. Navin Ramgoolam, who has been at the heart of negotiations with the UK over the Chagos Islands, was arrested in 2015 on suspicion of conspiracy and money laundering after his surprise general election loss. Police investigated w...

Europe's largest economy is facing a possible third consecutive year of recession

Forget this week's minor decrease in the UK inflation number.

How to try and turn a small ISA into £200k, starting in 2025

Edward Sheldon highlights a simple three-step savings and investment plan that could help investors grow their ISA balances significantly. The post How to try and turn a small ISA into £200k, starting in 2025 appeared first on The Motley Fool UK.

How fashion became the go-to side hustle for working mothers

Meet the mums making serious cash from selling and renting their wardrobes

ECB's Centeno sees interest rates falling to about 2% as inflation under control

By Sergio Goncalves LISBON (Reuters) -The European Central Bank should continue to lower interest rates to about 2% as inflation in the euro zone was generally under control, ECB policymaker Mario Centeno said on Wednesday. He said the rise in euro zone inflation to 2.4% in December "was already expected" and reflected the fall in energy goods prices in the same period in 2023. "The ECB

Inheritance tax tangles and pension pot worries - what YOU asked our financial planning experts this year

Our financial planning channel has exploded in 2024 as a tough economic climate and change of government put our finances into firm focus.

How much money it takes to be happy – according to the rich

What’s the one thing money can’t buy? Happiness – or so we’ve been told. A famous 2010 study led by psychologist Daniel Kahneman and economist Angus Deaton concluded that happiness increases with income until it levels off at $75,000 (around £57,000) per year. After that, more money does not equal more happiness. Over the years, however, many have ...

Rising cyber-attacks hasten the return of cash

While the future of cash seems uncertain, with a general trend towards reduced use, its total disappearance isn't yet on the agenda. The proof is in the Netherlands, Norway and Sweden...

How Much Is A Plane In 2021 - Aircraft Prices & Why It Doesn't Matter

In this video, I'm going to tell you how you can buy a commercial plane, how much it costs and why that may not be the best idea. There are some pretty crazy price differences and some planes are effectively worthless despite costing half a billion dollars - so buckle up and let us go shopping!

Trump-fuelled stock market rally sends Wall Street profits to record highs

Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy. JP Morgan reported a $58.5bn biggest annual profit on Wednesday, the largest in US banking history and beating its previous record of $49.6bn in 2023. Goldman Sachs’s annual profits also rose by 68pc to $14.3bn after a...