Family life: Saving to spend will make a return

A return to the days of saving in order to spend are almost upon us, according to one expert, who predicted that the next year will see more frugal financial practices make their way into family life.

Jasmine Birtles, founder of moneymagpie.com, said that for the last decade people have been spending money as if there would be no tomorrow, but now she believes the nation is changing its ways.

"The next decade should be a much more sober one. The idea of saving in order to spend will have to come back. People don't particularly want to, but we have learnt a lesson," she stated.

Ms Birtles added that many banks are tightening their lending criteria in order to avoid people who might not be able to pay them back.

Recent figures from moneysupermarket.com show that personal loan rates are starting to fall, with the average rate of the top ten loan deals falling to 8.35 per cent - the lowest since the Bank of England cut the base rate to 0.5 per cent last year.

Posted by Libby Ward

© Adfero Ltd

Date Posted: 22/01/2010

Family life: Poorer children to get educational helping hand

Children from low-income families are set to receive a helping hand and a boost in their family life when it comes to education, following the government's announcement on Monday that they will be providing schools with extra funding.The grants, known as pupil premiums, will be paid to schools to encourage...

Date Posted: 28/07/2010

Family life: Second-hand baby gear could be perfect for mums

People trying to save money in their family life should consider trying to secure second-hand baby equipment and accessories, according to an expert, who said that childcare can become a huge expense.Carrie Longton, co-founder of Mumsnet, stated that the advent of eBay and recycling sites has helped people to get...

Date Posted: 22/07/2010

Women in their forties are confident and stylish

Women approaching their forties should not be worried about looking frumpy and out-of-fashion, according to one expert, who said that mature females know what suits them more than their younger counterparts.Karen Espley, director of Thirty10.com, said that recent research suggesting that 31 is the most stylish age for women is...

Date Posted: 22/07/2010