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Home sweet home – a ‘staycation’ summer

Guest blog post from Tracey Davies, PayPlan

With summer holidays coming to a close, a lot of families will be thinking about heading off on a late holiday.

Mother and kids hiking in sunny forestBut if you’re trying to rein in your spending, you might find that it isn’t financially feasible to go far.

As the cost of living increases, the popularity of ‘staycations’ is soaring as more people opt to stay at home – however it’s not always the most affordable option.

With the cost of attractions, activities and eating out in the UK relatively high, it can still add up – but it doesn’t have to.

Being prepared can help you have a great holiday at home without breaking the bank and our tips can show you how.

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Changes in home ownership through the generations

Getting on the property ladder is a lot different to how it used to be. If we compare the home ownership status of young people today to the older generation – the results show a stark difference.  Check out our Mortgage Application Guide for more information about the mortgage process.

changes in home ownership

What age do children develop their attitudes to money?

children-age-7-money-400Although financial education became a compulsory part of the secondary-school curriculum in England in 2014, some pupils are still missing out, particularly in primary schools.

University of Cambridge research, commissioned by the Money Advice Service, shows that by the age of seven children have developed their attitudes and values towards money – and these are likely to stay with them for life. Continue reading

Safer Internet Day 2016

Safer Internet Day 2016

Safer Internet Day 2016

February 9th marks the thirteenth annual Safer Internet Day (#SID2016), a day dedicated to finding out how we can help make the internet a safer place.

Safer Internet Day, organised by Insafe in February of each year, has the target of promoting safer and more responsible use of online technology and mobile phones, especially among children and young people across the world.

This year’s campaign slogan and theme is “Play your part for a better internet.” Continue reading

Chinese New Year: Pay off your debts

chinese-new-year-300Did you know the Chinese New Year takes place on Monday 8 February?  The 12 cycles of the Chinese Zodiac calendar are of course represented by animals, and this year it’s the Year of the Monkey.

Among several traditions surrounding Chinese New Year, one is to pay all your debts.  This is because there is a belief held by some that if you don’t pay off debts ahead of the New Year, then you might find that you’ll end the year in similar shape.

One place to start dealing with debt is to check what’s on your credit report. Continue reading

Millennial Me And My Money

It appears the Millennial generation have learnt from the experiences of those that preceded them when it comes to their finances.

The findings from Experian’s “Millennial Me & My Money” report show that 45% of Millennials manage to save at least a quarter of their disposable income each month, compared to just a third (34%) of 35-54 year olds. To see the full report click on the image below.

Millennial-Me-and-My-Money-Report_FINAL

All winners at the 2015 MAD Blog awards

Best Thrifty Blog winner Gina Caro with Experian's Jill O'Connor

Best Thrifty Blog winner Gina Caro with Experian’s Jill O’Connor

It was a great night at the 2015 MAD (Mum and Dad) Blog Awards last week as Gina Caro won Best Thrifty Blog, an award sponsored by Experian, for her marvellous Cold Tea and Smelly Nappies blog.

The Mum and Dad (MAD) Blog Awards are the UK’s biggest and most exciting awards for parent blogs, and this was the seventh edition, with around 300,000 nominations being cast from all over the country. Continue reading

The joys (and pains) of emigrating

man-on-the-undergroundIt’s a dream that many people have – leaving Blighty and setting up home abroad. It could be a happy retirement in Spain or a complete relocation of life and work to Australia, but it’s on many people’s wish lists.

According to a recent survey from Experian, 23.4 per cent of people said that they would emigrate if there were no restrictions.

Of course, deciding to pack up your life and move to another country isn’t easy – there are dozens of things to think about, not least where you’re going to live when you get there. And if you have children, their schooling will be paramount. Continue reading

Around the world in as many days as you like

It’s a dream that many people have – to step away from their everyday lives and travel to the places they’ve always wanted to see.

caravan-in southwestWork and family life can often get in the way but according to a recent Experian survey, travelling is the one thing that most people dream of doing. Indeed, 45.9 per cent of people questioned said they would go travelling if there was nothing to stop them.

Some of the reasons that people gave for not being able to indulge their wanderlust included a lack of finance, motivation, knowledge and confidence. After all, travelling costs a fair bit of money and can take a considerable amount of time and effort to organise.

But is it really as complicated as you think and could you actually be stopping yourself from fulfilling your travelling dream, just because you think making it happen might be too difficult?

Here are a few things to think about that could make that dream become reality. Continue reading