Over a third of people will dip into their savings this Christmas to cover the cost of the festive season and some will even use their overdraft. According to a recent MoneySupermarket poll, some 24% will use an existing savings account to finance the winter holiday and an organised 10% will use a savings scheme which they've been adding to throughout the year.
With a maximum of just two more paydays until Christmas, one in ten people will be rocking a financial hangover in the New Year as they plan to put festive spending on a credit or store card.
While plastic can be a temporary solution to low disposable income, one expert has been warning shoppers of the dangers of opting for increasingly popular cashback cards.
Sarah Pennells, founder of the Savvywoman financial website, said that this type of card is appealing mostly to high spenders, as customers would generally need to spend well in excess of £1,000 a month to make the card "truly worthwhile".
By Jenny MacLeanGuest Blogger
a year ago
Money Saving Tips
Recently, the Google co-founder told of what could only be described as an "Orwelian horror story of mass proportions" by fellow internet users. The claim was that other big companies, such as Apple and Facebook, were taking, or trying to take, the internet into their own hands. How much of this is true? Well, according to recent events, it's pretty much
all true and it applies not only to Apple and Facebook but to all the world's
superpowers. I mean, who can forget SOPA and all of that nonsense? Yes, that counts in the
"trying to rule the internet" category.
What does this mean for the average internet savvy saver like you or I?
Well, it could possibly be a disaster of epic proportions--or slightly
smaller less significant proportions. Imagine the internet but with a
subscription fee for different parts. Not like Xbox live but a
subscription for going to Amazon or for searching on Google.
Possibly even a little ticket booth on the side of your computer with
an annoying gnome who asks for ID when you go on to any unlisted
a year ago
Technology and Gaming
As someone who self-identifies as a geek, I completely understand just how difficult it can be shopping for one. We kind of have a tendency to be somewhat lacking in communication skills yet at the same time very particular about the things we like, which makes the already frustrating process of gift buying all the more complicated. I mean, I can only hide the look of disappointment on my face so much when I unwrap a present to find the original Nintendo Wii Remote instead of the Wii Remote Plus. So, that said, here's a short list of some surefire gifts to get for the geek in your life, each priced at £100 or less.
3 years ago
Christmas and New Year
In Apple's latest attempt to have you pay money to stand in queue for hours, the company unveiled the new Macbook Air at its Back to the Mac event. Unlike the previous Macbook Air, which for all of its manila folder-fitting thinness still managed to pack a hard drive inside, the new one takes a page out of the iPad's book and relies solely on flash memory. According to Apple CEO Steve Jobs, the new Macbook Air is "like nothing [Apple has] ever created before." Except, you know, for the old Macbook Air. Which, incidentally, happened to be very functionally similar to the regular Macbooks. And the old Macbooks in turn were sort of like portable versions of the iMac. So it's actually a lot like things they've created before.
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Which is the smarter sex when it comes to saving money? Are
women really better at hunting out bargains and picking up voucher
codes? Or does the title automatically fall to men because they see
shopping as a chore rather than a pastime, so simply don't do as
much? Well statistically women are the more frugal sex - yes guys,
we may spend more time actually shopping than you do, but we spend
less money doing it! The vast majority of us have mastered the art
of saving money on everything from everyday essentials, to life's
However, a new study published in the Telegraph
this weekend could explain why. Surprisingly, some 60 years since
the women's movement, us ladies are still falling behind when it
comes to pay equality. In fact, women's starting pay is a massive
39 per cent less than men in the same job, and the average
performance related pay for women was just Â£2,875
compared to Â£14,554 for men.