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...

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.

Hungary's billion-euro loan from China: Secrecy and strategic ties

This spring, Hungary secretly borrowed one billion euros from Chinese banks. This information was relayed by journalists from "Politico." The agreement allows the public debt-to-GDP ratio to be maintained at 28.9 percent. Budapest had not previously disclosed its fiscal challenges. Hungary borrowed 1 billion euros this spring, marking the largest l...

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.

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

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

Billionaire Warren Buffett’s 5 top tips for making your fortune

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

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...

‘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...

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...

How to care for a money tree — 7 tips for thriving indoor plants

The experts share top advice on how to care for a money tree, including practical tips for watering, soil type, and pest control

Train drivers demand pay rise five times higher than inflation to end strikes

Do you live 'for now' or prioritise the future? Why having money doesn't necessarily mean you can afford to spend it

There are times when the answer is very clear - if you don't have enough money in the bank to pay for something, you can't afford it.

‘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

Millions of UK public sector workers set for above-inflation pay rise

Millions of public sector workers are set for an above-inflation pay rise due to be announced by Rachel Reeves next week after more than a decade of austerity. The chancellor is expected to accept the recommendations of public sector pay bodies for pay rises on Monday – a move economists believe could cost up to £10bn. The NHS and teaching pay bodies are reported to have recommended a 5.5% rise, and similar advice is likely to have been given by...

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...

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...

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.

Man Group: Hedge fund sees over £8bn gains as it starts off 2024 ‘strongly’

Hedge fund Man Group revealed that it generated investment performance of $11.1bn (£8.6bn) over the first six months of 2024, as it started the year off "strongly".

Packers QB Jordan Love ties record for NFL's highest-paid player with massive contract

Jordan Love's four-year, $220 million contract extension ties him with Joe Burrow and Trevor Lawrence for the title of the NFL's highest-paid player.

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

MARKET REPORT: Star stock picker's exit casts gloom on Jupiter Fund Management

The FTSE 250-listed investment group reported total net outflows of £3.4billion in the six months to the end of June, up from £2.2billion at the end of last year.

Use these tips to turn £1 a day into a £165,000 savings pot

That's money in the bank.

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 ...

Martin Lewis urges state pensioners to check if they can claim extra £5,644

Attendance Allowance is a benefit paid to people over state pension age who need extra help because of an illness or disability - we explain who is eligible and how to claim it

First Bank of England rate cut since 2020 hangs on knife edge

By David Milliken LONDON (Reuters) - The Bank of England's first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more than two months due to rules in the run-up to July 4's election. Investors are left guessing whether recent higher-than-expected services prices are enough to prevent the central

As the NatWest share price jumps 7% on H1 results, here’s what you need to know

The NatWest share price had already reached a 52-week high before Friday's H1 results report. And it's now set a new one. The post As the NatWest share price jumps 7% on H1 results, here’s what you need to know appeared first on The Motley Fool UK.

UK ticket-holder wins £24 million EuroMillions jackpot

UK ticket-holder wins £24 million EuroMillions jackpot - The ticket holder matched all five number and the two Lucky Star numbers.

What’s the minimum I need to invest every month to earn a meaningful passive income?

When looking to secure a stream of passive income it's important to be realistic. Our writer investigates a strategy to aim for £1,000 a month. The post What’s the minimum I need to invest every month to earn a meaningful passive income? appeared first on The Motley Fool UK.

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...

What next for the Lloyds share price, after a 25% climb in 2024?

First-half results didn't do much to help the Lloyds Bank share price. What might the rest of the year and beyond have in store? The post What next for the Lloyds share price, after a 25% climb in 2024? appeared first on The Motley Fool UK.

Pensioners face shock tax bills within weeks

Some 140,000 pensioners will be hit with tax bills in the next six weeks as a stealth raid on retirement incomes bites. HM Revenue & Customs (HMRC) is issuing issue tax demands to pensioners whose income exceeds the £12,570 personal allowance threshold which has been frozen until 2027-28. It will be the first time these pensioners have received a t...

Regulator sets out new rules to boost UK capital markets

The UK’s financial regulator has proposed new rules aimed at making it cheaper and easier for companies to raise money, the latest in an ongoing programme of reform intended to boost Britain’s capital markets. The proposals announced on Friday by the Financial Conduct Authority included lifting the threshold at which companies need to issue prospectuses for secondary fundraisings from 20 per cent of their issued share capital to 75 per cent....

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.

Unlocking $12 Trillion: How Empowering Women Entrepreneurs Can Transform the Global Economy By 2025

Currently, only about 30 per cent of businesses in Europe are owned by women, and the World Economic Forum's 2020 Global Gender Gap Report estimates that it will take nearly 95 years to close the gender gap globally. According to a McKinsey Global Institute report, increasing women's equality could boost the global economy by $12 trillion (£9.5 tri...

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.

Masha Bucher's VC Firm Day One Ventures Just Launched a $150M Fund III — Here's How She Did It

Masha Bucher’s North Star is to bet on the most exceptional founders of our time working on the biggest ideas possible.

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut - The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall

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

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

From joint accounts to wealthier friends – why is money so hard to talk about?

The one item you will never see in a currency exchange table is what money so often stands in for. It can take the place of things like love, thought, safety, attention or fairness. And the inverse is also true; you often don’t need to spend a lot of money to make someone feel loved, or cared for. Ask any parent who has been the recipient of a homemade birthday card or present. When I speak to divorce lawyers and mediators, they say that money...

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

The Power of Merchandise

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

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%.

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’...

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 ...

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.

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.

Should you offer kids money for good grades? Here's what psychologists think

As exam season approaches, some parents are putting hundreds of pounds aside to reward their children if they achieve certain grades.