The Latest Breaking News on Personal Finance

This one small swap could make you hundreds of pounds better off

With inflation above 3%, savers should make sure their money is earning above that level with interest rates

The Independent UK · Sep 24

Energy firms ‘must double down’ on customer service ahead of ‘difficult winter’

A survey for Citizens Advice suggested more than 10 million households were worried about how they would afford their energy bills this winter.

Evening Standard · Sep 24

Social Security could face a 22% benefit cut in 2032 - here are the changes being discussed

Social Security is approaching a funding gap projected to occur by 2032, necessitating Congressional intervention. Options under consideration include increasing payroll taxes and lifting the income cap for taxation. Some experts advocate for reducing benefits or increasing the retirement age as part of potential reforms.

The Economic Times · Sep 23

Paying Your Adult Kids’ Bills After Divorce: What It Costs Your Own Retirement

Paying an adult child’s rent, car payment, insurance bill, or credit card balance can feel manageable when the check comes out of a monthly budget. After divorce, though, that same help can take on a different financial weight because one household may now need to support two separate lives.

Clever Dude · Sep 23

Different ways to earn more interest on your savings account

Savings accounts are crucial for achieving financial security and generating passive income. By routinely evaluating various savings options, individuals can benefit from higher interest rates. It's important to refrain from unnecessary withdrawals to fully capitalize on interest accumulation. Utilizing features like Auto Sweep can further optimize surplus funds while keeping…

The Economic Times · Sep 23

UPS for Railway employees: Assured pension, VRS and one-time switch to NPS explained

The Ministry of Railways has announced the Unified Pension Scheme rules for employees covered under the National Pension System. Employees appointed after January 1, 2004, are eligible for this scheme and will contribute 10% of their basic pay. A minimum pension of Rs 10,000 is assured after completing ten years…

The Economic Times · Sep 23

Rs 1.68 crore investments, Rs 89,000 monthly MF SIP. Can this 40-year-old investor retire at 50?

A 40-year-old investor based in Pune is on a mission to retire by age 50 while providing for her two children’s education. With savings of Rs 1.68 cr from diverse investments, she plans to pay off her home loan by December 2026. Experts suggest she aim for a retirement fund…

The Economic Times · Sep 23

Pay rent, eat or keep warm? Growing numbers face hard choices as housing benefit gap grows

Wirral mother among renters turning to food banks as gap between a two-bed and housing benefit hits £158 a month – rising to as much as £324 in London

The Guardian - UK · Sep 22

Your Teen’s First Job Could Change More Than Their Spending Money

A teen first job may look like a simple exchange: a few shifts each week in return for spending money. But that first paycheck can introduce lessons about taxes, saving, workplace expectations, and the surprisingly difficult question of what to do when a manager asks you to stay late. The…

Kids Ain't Cheap · Sep 22

Here’s the dollar amount that Americans place on an hour of free time

The perception of the value of time has led to widespread ‘convenience’ spending, poll found

The Independent UK · Sep 22