If you want to lend money to family or friends what do you need to know?
A new report says that families are giving or lending over £440 a year to each other. Here’s a family finance survival guide.
According to the insurer Aviva, almost a third of families provide financial support to each other or to close friends. On average, it adds up to £440 a year, but interestingly, single parents were likely to give the most. Over the last few months the ‘ask the expert’ panel has received a number of questions from people who want to give money to friends and family or who’ve lent money (sometimes to find it’s not been repaid). So how can you support your family by lending or giving cash?
How to survive when you're a student; tips on spending less and getting more for your money.
For most students, it's impossible to avoid being thousands of pounds in debt. But it is possible to keep costs down.
With warnings that some students are being priced out of university, it's the financial challenges of being a student that many parents are concerned about. It's predicted that students who start university in 2010 are likely to graduate with over £15,000 of debts (more if they do a four year course). Part of going to university is that your son or daughter will be able to make their own decisions. But you can still point them in the right direction if they need help with their finances.
Student bank accounts; what to look for and what’s on offer
As thousands of students get their 'A' level results, which student bank account will give you the best deal?
It's ‘A’ level results time and that means deciding whether you can go to your chosen university and which bank to open your student account with. Pick the right one and you could get an interest free overdraft of up to £3,000, but the overdraft level is not guaranteed. So what should you look for and which student bank accounts make the grade?
The material provided on this website is general information that is intended for general guidance and is not suitable for professional advice. You should always obtain independent financial advice.
