Tag: Personal Finance
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Home loan break-fee dispute ends: couple loses ome ombudsman ruling
Couple loses home loan complaint after fixed-rate decision A couple who regretted fixing their home loan for five years in 2023 has not been successful in their complaint against their bank. The matter, recently detailed in a case note by the Banking Ombudsman, highlights the challenges some borrowers face when negotiating fixed-rate products and the…
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How I Spend My Money: Assistant Lecturer on €46K in Ireland’s Midwest
Overview: A Practical Look at a Modest Income Welcome to a new installment of How I Spend My Money, where we pull back the curtain on real-life budgeting in Ireland. This week, we follow an assistant lecturer earning about €46,000 a year and living in the Midwest. It’s a tenure-track-ish role that blends teaching with…
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€46K Budget: An Irish Assistant Lecturer in the Midwest
Overview Welcome to a new installment of How I Spend My Money, where we pull back the curtain on how ordinary people in Ireland manage their salaries. Today we feature a recent entrant to the teaching profession: an assistant lecturer earning around €46,000 a year and living in Ireland’s Midlands. This midlands setting represents a…
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Living on €46K: An Assistant Lecturer’s Practical Budget in Ireland’s Midwest
Meet the assistant lecturer budgeting on €46K In Ireland’s Midwest, an assistant lecturer earning approximately €46,000 a year is navigating the same financial questions many readers face: how to balance housing, bills, transport, and a little savings. This profile offers a practical look at everyday money choices, showing that a comfortable middle-income lifestyle is achievable…
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Why Singapore’s Young Adults Are Saving More Than Their Elders: Insights From UOB Data
Overview: A Generational Shift in Singaporean Savings New data from United Overseas Bank (UOB) suggests a notable shift in how different age groups in Singapore approach saving. Contrary to common assumptions that older generations have the strongest savings, younger Singaporeans are increasingly prioritising savings, investments, and financial security. This trend reflects a combination of heightened…
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Canadian Under-35 Debt Stress: How Buy Now, Pay Later Is Complicating Finances
Debt stress rises among Canadians under 35 Credit counsellors like Mark Kalinowski are seeing a shift in who seeks help. For nearly 14 years, Kalinowski has helped Canadians navigate debt therapy, budgeting, and repayment plans. Yet this year, a growing share of his Calgary clients were under 35. The trend isn’t isolated to one city;…
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Canadians Under 35 Stack Debt as Buy Now, Pay Later Takes Over
Growing Debt Stresses among Canadians Under 35 Finance experts and credit counsellors are sounding the alarm: a rising share of debt trouble in Canada is now concentrated among people under 35. In Calgary and across the country, young adults report mounting balances, high monthly payments, and a feeling that their finances are perpetually behind the…
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Banks Race to Shake Up Cash ISAs as £12,000 Limit Looms
Why the Cash ISA Limit is Changing Savers are watching a pivotal change in the way cash ISAs operate in the UK. The government is moving to reduce the annual cash ISA limit from its current level to £12,000, prompting institutions to rethink their best offers for new and existing customers. The shift aims to…
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Banks Rally to Thwart Reeves’ Cash ISA Cut: A Last-Ditch Rate War
Universities and market players brace for the ISA shake-up UK savers could face a tighter ceiling on their cash ISA ambitions as the government outlines plans to reduce the cash ISA limit to £12,000. The move, part of a broader effort to streamline tax incentives, has triggered a rapid response from banks racing to attract…
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National KiwiSaver plan could boost balances—but flaw remains
National’s 12% KiwiSaver target: a potential windfall for savers National’s proposal to push KiwiSaver contribution rates up to a total of 12% could unlock substantial retirement savings for New Zealanders. If implemented, the move would see workers and employers increasing their regular contributions, with the idea that balances will compound over time and deliver a…