- Wednesday, December 17, 2008, 16:55
- Credit Cards, Energy, Household Finances
According to
a poll conducted by The Guardian Online, almost 67% of its readers are planning on actively cutting back on their Christmas spending this year. In the current economic climate, who can blame them?
Most people I know are trying to minimise spending over the festive season in some way. If you’re planning on doing the same, here are the top tips I’ve come ...
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- Thursday, December 4, 2008, 13:24
- Interest Rates, Mortgages
House prices across the UK fell by the sharpest drop in 25 years during November. According to figures released by Halifax today showed a 2.6 per cent fall in November compared with October; double the 1.3 per cent drop experienced two months ago in September.
The national average price for a home now sits at £163,445, bringing prices equal to those last seen in July 2005.
Many ...
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- Monday, November 17, 2008, 15:43
- Personal Finance
Mike Perham departed Portsmouth on Saturday morning in TotallyMoney.com as he set sail after months of preparation in his bid to become the youngest person to sail solo around the world.
Hundreds of well-wishers turned out to bid Mike Farewell and show support on what was a very exciting day for the 16 year old. In ...
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- Thursday, October 9, 2008, 17:23
- Interest Rates
The Bank of England cut interest rates yesterday for the first time since April. The committee voted to reduce the rate by half a per cent to 4.5%. Economists hope the rate cut will stimulate the housing market, ease global monetary conditions and inject some stability into the stock market.
A statement released by the BoE stated that:
"In the United Kingdom, CPI inflation rose to 4.7% ...
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- Tuesday, September 16, 2008, 10:42
- Personal Finance
Here at TotallyMoney.com we’re very pleased to announce our sponsorship of Michael Perham, who will be shortly embarking on his attempt to become the youngest person to sail solo around the world.
His boat was named at the Southampton Boat Show last week, and Mike is now undergoing intensive sea training, and will depart on his challenge during November. It is expect to take Mike four ...
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Within the last couple of months, the six major energy providers in the UK have implemented price rises in response to the rising cost of wholesale gas. As a result, the average amount spent on energy bills each year has risen by 38%.
Currently in the UK, over 4 million homes live in fuel poverty, which is the term used to describe households where more than ...
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- Tuesday, July 1, 2008, 17:17
- Personal Finance
Consumer confidence in the current UK economy is at the lowest level since the end of the last recession in 1992. And with families increasingly feeling the pressure of rising utility, food and mortgage costs, confidence in the future of the UK economy has plummeted to levels not recorded for 26 years, in 1982.*
With consumers feeling the pinch from all sides, it’s no surprise that ...
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- Thursday, June 26, 2008, 12:26
- Personal Finance
It was around this time last year that the first rumblings began emerging from the international markets of serious problems with the US sub-prime mortgage market. Many of us have felt the resulting effects of tightened credit conditions, and it’s far from over – in fact, it appears that things are still getting worse.
The British Bankers Association recently reported that the number of new mortgage ...
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- Tuesday, June 24, 2008, 15:49
- Personal Finance
I have a dark secret: I have thus far been reluctant to embrace a green lifestyle. To me, words such as ‘green’ and ‘eco’ summon thoughts of middle-aged, unwashed types who give their children names like Star and River. Not to mention the fact that I derive intense enjoyment from long, hot showers and long-haul flights to tropical holiday destinations. And I don’t like mung ...
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- Tuesday, June 3, 2008, 9:57
- Personal Finance
No matter how tired you are of being endlessly broke, watching your mortgage repayments rise, and having to continuously put off getting the kitchen re-done because you just plain can’t afford it (not to mention those Gucci sling-backs that gave you the backside of a 16 year old), you’ve got to ask yourself: Is the credit crunch making it chic to be cheap?
How many times in ...
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