Consumer Awareness

  • Babynomics: The Cost of Parenthood

    Every parent will know that bringing up a baby is a life-changing rollercoaster – emotionally and financially. The Financial Services Compensation Scheme (FSCS), which protects your savings up to £85,000, wanted to see what kind of pressures parents-to-be are facing in the current economy when they are thinking about the costs of bringing up a baby.

  • Babynomics: Get Clued up About Costs Of Parenthood

    When it comes to the ‘big ticket’ baby items, expectant parents could seriously reduce their baby bill by taking advice from parents who have been there and done it. Research from the Financial Services Compensations Scheme (FSCS) reveals some parents to be often underestimate the real costs of these items. At the same time, they plan to save an average £234 a month for baby’s first year, almost three times the basic minimum required.

  • Babynomics: Going Back to Work From Maternity Leave

    There’s no such thing as loving your baby too much, however, new research from the Financial Services Compensation Scheme (FSCS) finds that mums-to-be are feeling more financial pressure to return to work than parents with one child under five years old did.

  • Babynomics: Parents to be Plan to Pay for Baby Out of Salaries Not Savings

    Having a baby can be a steep learning curve for new parents, as they learn to manage finances as well as looking after a baby. The Financial Services Compensation Scheme (FSCS), which protects your savings up to £85,000, has been surveying parents and parents-to-be in new research to find out they fund or plan to fund their baby bill.

  • Weddings: Planning a Wedding

    The glacial relationships which result from the mother’s effort to take over her daughter’s wedding are a regular staple of Hollywood movie plots. But does it happen in reality? Not according to research from the Financial Services Compensation Scheme.

     

  • Weddings: A Party for your Parents?

    The increasing cost of weddings shows no sign of slowing down, with the average bill hitting almost £22,000. So, it is no surprise that hard-pressed couples get a substantial helping hand from their parents.

     

  • Weddings: Death of the Wedding List

    The number of unmarried couples living together has doubled over the last 15 years, according to the Office for National Statistics. So, many people who decide to get hitched already have much of what they need to start married life.

     

  • Holidays: How are you paying for yours this year?

    A recent survey of consumer spending habits, carried out on behalf of the Financial Services Compensation Scheme (FSCS), has highlighted some interesting attitudes and behaviours of holidaymakers from the UK.

  • Holidays: Are people blowing their budget for the holiday of a lifetime?

    FSCS research has discovered that a majority of Brits are brilliant at budgeting for holiday expenses. But do they stick to their budgets?

  • Holidays: Are we able to switch off?

    Breaking away from work and friends has never been more challenging. As we spend most of the year glued to a phone or computer screen our biggest challenge on holiday is switching off!

  • Holidays: How to relax and unwind

    The Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme, has discovered that 81% of people contact friends and family while on holiday. When you save for so long to pay for a holiday it is important to make sure that you switch off and wind down.