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Rental Prices are Rising Faster than Wages

8th April 2024
According to Zoopla, the average UK rental price is currently £1,223 which is a +7.8% increase over the last year.   Are rental prices rising higher than the growth of wages? The Guardian have reported that there is an expected further 13% increase in rental prices by 2027. The Office for Budget Responsibility have found […]
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Why are mobile phone contract prices rising?

4th April 2024
Each year in March or April providers will increase their prices which in the past have added a substantial cost to peoples phone bills. In 2024 the average increase has been around 7.9% on top of customers’ bills. Why? The prices always rise according to the Retail Prices Indec (RPI) or the Customer Price Index […]
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How much of my salary should be spent on the mortgage?

4th April 2024
Your mortgage is going to be a huge financial investment and something new to factor in to your budget and financial abilities. When deciding what mortgage to borrow both yourself and the lender will have to evaluate your current financial situation including any existing debt to decide what repayments you can comfortably make. Before you […]
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How to save money on your move to Australia

4th April 2024
A big move is expensive and everything you need will add up very quickly so it is vital you have started saving before you begin. You should try to save up to 3-6 months’ worth of living expenses so you can afford the move and to settle in. You will need enough to cover all […]
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Will pensioners have to pay income tax?

2nd April 2024
Why Pensioners have to pay income tax now The 2024 budget has stated the the triple lock system will be secured which allows the state pension to increase in line with inflation so that pensioners are able to afford the rising cost of living. This rise has now set the state pension to, £11,502 from […]
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Minimum wage will rise in April, is this enough?

28th March 2024
Each year the government reviews the minimum wage and in April each year they are updated. This year there will be a rise which will increase over 1 million people who are on the minimum wage currently. The House of Commons Library states that the rates are provided in regulations made by the secretary of […]
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How the Economy benefits from the EURO'S

28th March 2024
This year the EUROS begin again in June, hosted in Germany and set to increase spending across the UK again. In 2022 the UK viewers of the Euros reached 17.4m and globally there were over 300 million viewers.   Where do people spend the most money? Pubs and restaurants are welcome hosts to fans across […]
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Can the NHS improve with more funding?

27th March 2024
The survey The British Social Survey has been running since 1983 to track the satisfaction of the British public for the health service. In 2023 only 24% reported satisfaction with the NHS due to waiting times and staff shortages being the biggest concerns. This is a record low since the poll began and has recently […]
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What would a Labour Government do for your finances?

26th March 2024
Personal Finance Impact of a Labour Government. It’s highly likely to be election year this year and if the polls are accurate then Labour are in the driving seat to form its first government for 14 years with Sir Keri Starmer as prime minister, which could mean some significant changes for your investments and pensions. […]
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What is the triple lock pension and how does it affect me?

26th March 2024
If you are already receiving your pension or you are keen to keep on track of your pension plan options then you might be wondering what the triple lock system means. Triple lock pension This is the system which maintains the rising pension payments so they stay in line with the rise of inflation and […]
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Thresholds for child benefit increase so what does this mean for you? 

22nd March 2024
The amount that you can earn before child benefit payments are withdrawn has been increased in the Spring Budget, meaning that more families will be able to claim the benefit.  As of April 6, the High Income Child Benefit Charge (HICBC) threshold will increase up to £60,000.  It’s a tapered charge, so for every £200 […]
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The facts behind the national insurance cuts and how much better off you really will be 

21st March 2024
From April 6 many employees will benefit from the 2% reduction in class 1 national insurance contributions that was announced by the chancellor in the Spring Budget, so just how much better off is this going to leave you?  The measure introduced by the government cuts this rate of national insurance down to 8% from […]
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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
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