Business & Industry
Managing Your Money Q3 2022
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Open banking tools help with money management in current cost of living crisis
With many of the UK’s households facing the challenge of rapidly rising costs, understanding how to make your money work harder is key. In contrast to the impact of pandemic lockdowns, which saw marked increases in personal savings, we now face a significant inflationary pressure. Financial data could help unlock better deals Typically, your financial...
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Four ways to help students manage their finances
For many, living independently and managing finances can be an overwhelming task. Money management is becoming a real focus for students due to the cost of living crisis. Within the fast-evolving economic climate, it is increasingly important for university students to gain a better understanding of their own finances and habits. But where do they...
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Now is the time to pay some attention to your pension
As people face difficult financial choices over the coming months, it is more important than ever that they have confidence in their workplace pension and understand how to keep track of it. Nearly all working people (8 in 10 employees) in the UK have a workplace pension, yet many say they don’t know how to...
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How financial education lays the framework for financial freedom
Rising energy bills and fuel prices, stagnant wages, increased inflation and a looming recession make for headlines filled with negative terminology that young people may not understand. Without knowledge of the concepts, products or economic state they are about to enter, how can the young people of today thrive as adults tomorrow? Linking money and...
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How the cost of living crisis risks everyone’s mental health
The adage ‘money doesn’t buy you happiness’ is a strange one. Although money doesn’t guarantee you’ll feel good, for the millions of people across the country bearing the brunt of the cost of living crisis — waking up to a cold house or hungry children — this saying will ring hollow. The New Economics Foundation...
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How finance providers can support customers in financial difficulty
The rising cost of living is evident all around us. It can be easy to find it overwhelming, and for anyone worried about their finances, it’s important to seek help early. Banks and other finance providers are ready to support their customers. They offer a range of tools and resources on their website and in...
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Return of the recession: how to create your own financial survival kit
The last recession in 2008 taught many people to set up monetary ‘survival kits’ to safeguard their pocketbooks should financial uncertainty return. Among the new generation of young professionals, many will likely be battling the effects of a recession for the first time. Last year, because of the pandemic and with limited opportunity to spend,...
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Difficult times ahead as inflation grips and consumers are unprepared
Soaring inflation has led businesses to experience ongoing increases in costs, whereas consumers have not yet changed their spending habits or felt the impact of the energy prices this season. Survey findings reveal that while consumer confidence is at an all-time low, people are surprisingly optimistic about their ability to maintain their standard of living....
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How open banking offers real-time benefits for consumers and lenders
Open banking can benefit consumers and financial services companies because sharing of customer data in real-time allows lenders to make better credit decisions. Alex Marsh believes the UK could be on the cusp of a banking revolution. The big high street banks have had it too easy for too long, he says, because their customers...
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Open banking can help you make better financial decisions
Moneyhub consolidates all your accounts securely in one place, giving you the big picture of your financial situation while helping you monitor your spending. When it comes to your finances, it can be tempting to bury your head in the sand. But that’s never a wise thing to do — particularly not in the current...