Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

BRITS AT RISK OF SPIRALLING DEBT

handbox

New research has revealed that adults across the UK are not prioritising their finances, with almost 90% of people saying they do not spend much time thinking about important financial decisions.

It also found that Brits are over spending, as 7 in 10 adults don’t allocate a strict budget for their summer holidays and almost a third admitted to spending more money than they intended when they went on holiday abroad.

This comes as the typical adult in the UK has three credit cards, and owes on average £28,500.

Daniel Slutzkin, the CEO of Wizzcash.com said that adults need to take into account a number of things if they are concerned about getting into debt or thinking of taking out a loan.

He said: “Anyone considering taking on debt of any nature needs to consider three key things;

  • They can afford to pay back the loan
  • Plan ahead for any uncertainties, you never know when the car or boiler might break
  • Run a household budget and try to stick to it, always have a clear idea of what your current financial position is.”

Figures from the Office for National Statistics (ONS) show that the average family has an income of approximately £489 per week. It showed that housing, fuel and household bills accounted for 14% of our outgoings, closely followed by transport (13%) and recreation and culture (12%).

Untitled28 - Global Banking | Finance

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post