Youngsters can’t be expected to suddenly get the hang of managing their finances: it’s a skill that needs to be actively learned, not picked up along the way.
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One financial tool which is extremely underutilised – but can also be incredibly helpful – is the balance transfer credit card.
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The Bank of England has raised the interest rate from 0.5% to 0.75% – the first rise since 2009.
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Cash machines are disappearing from the streets of Britain at a rate of 300 per month. Now, debit cards have, for the very first time, overtaken cash usage – with 13.2 billion transactions to 13.1 billion.
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It’s now official: debit cards have finally outpaced cash usage for the very first time.
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Revolut, the London-based fintech start-up, has announced plans to launch commission-free stock trading.
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In the headlines this week, we’ve seen the recommendation that every 25-year-old is given a one-off payment of £10,000 to help address the growing imbalance between generations.
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