money

picture of an anxious parent

Cost-of-living crisis hits parents’ plans for children’s future

  • 17% of parents forced to change expectations around what they will be able to afford for their kids
  • Cost-of-living squeeze means around half of parents (45%) have had to cut down on non-essential spending on household goods
  • 14% of younger parents have felt the need to cut their workplace pension contributions to manage financially
  • The most common goal
  • ...
picture of cost of living payment

Over eight million households to receive second Cost of Living Payment from 8 November

Over 8 million households are set to receive an additional £324 as part of the government’s Cost of Living support package.
  • The £324 Cost of Living Payment, which follows on from a £326 payment made from July, is part of £1,200 support package for millions this year
  • The £150 Disability Cost of Living Payment was provided in September, with a £300 additional pensioner payment
  • ...
picture of teen following online tutorial

Teenagers go online to avoid face-to-face interactions 

· One in three (33%) young people prefer seeking advice online to avoid the ‘awkwardness’ of asking someone face to face

· Parents remain first port of call for financial advice

· Over a tenth of children feel ‘awkward’ and ‘embarrassed’ talking about money

British teenagers say they go online for help on everything from hair hacks to video game tips, with one in...

picture of child trust fund

Teenagers could be missing out on a stash of cash

Teenagers could have an average of £2,100 in their Child Trust Fund savings account waiting to be claimed.

Tens of thousands of teenagers in the UK who have not yet claimed their matured Child Trust Funds savings could have thousands of pounds waiting for them, reminds HM Revenue and Customs (HMRC).

Child Trust Funds are long-term savings accounts set up for every child born between...

picture of a mum putting a packed lunch box in a school bag

7 Cheap and Easy Ways to Save Money on School Lunches

It’s been revealed this week that rising food prices have led to beef being removed from school dinner menus in the UK.

The news comes as the cost of living continues to rise which has caused school catering companies to rethink staple ingredients such as meat and potatoes as they are getting too expensive.

Although the government has increased spending to provide free meals...

picture of rooster money top 5 chores graphic

THE POCKET MONEY PINCH: INFLATION FUELS SURGE OF THE ‘SCHOOLKID SIDE HUSTLE’

ROOSTERMONEY POCKET MONEY INDEX REVEALS FLOURISHING ENTREPRENEURIAL STREAK AS UK CHILDREN FACE ALLOWANCE STAGFLATION
  • UK’S MOST ESTABLISHED ANNUAL POCKET MONEY INDEX REVEALS KIDS’ AV. POCKET MONEY HAS STAYED FLAT YoY - THIS IS DESPITE INFLATION HITTING A 30-YEAR HIGH
  • KIDS ARE TURNING TO SIDE HUSTLES AND GOOD GRADES IN RECORD NUMBERS TO TOP UP EARNINGS
  • NOT ALL BAD
  • ...
picture of a happy woman filling out a form at the kitchen table

Funding boost to Citizens Advice to deliver ‘Help to Claim’ Universal Credit support

Free confidential and impartial support to help people make a Universal Credit claim will continue to be delivered across Great Britain for the fourth year running.

From: Department for Work and Pensions and David Rutley MP

The Department for Work and Pensions ‘Help to Claim’ support will be delivered independently by Citizens Advice, in partnership with Citizens Advice Scotland,...

picture of children in a childcare setting

Don’t miss out on up to £2,000 towards childcare costs

Thousands of working families in the South West could be missing out on an opportunity to get up to £2,000 a year to help with the cost of childcare, HM Revenue and Customs (HMRC) is reminding parents, ahead of February half term.

Tax-Free Childcare – the 20% childcare top-up – provides eligible working families with up to £500 every three months (or £1,000 if their child is disabled) towards...

picture of a happy mum giving her daughter pocket money to put in a piggy bank

FIVE MOST COMMON POCKET MONEY CHORES REVEALED

FIVE MOST COMMON POCKET MONEY CHORES REVEALED New research from one of the UK’s leading insurers, Aviva , reveals how children accomplish chores to rein in some hard-earned pocket money. According to a sample of 1,000 parents in the UK, 7 in 10 children do some sort of chores every week to earn some extra cash, but how do they go about it? From scrubbing car wheels to taking responsibility for...
picture of a couple looking at their finances

Thousands of low earners to benefit from income boost today

Today, tens of thousands of low income households will get a cash boost as higher Universal Credit payments land in bank accounts for the first time.

From: Department for Work and Pensions and The Rt Hon Thérèse Coffey MP

Published 1 December 2021

As announced in the Autumn Budget, the taper rate – the amount that a person’s Universal Credit is reduced by as they...

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