Young Adults Most at Risk of Online Crime

Young adults are more likely than any other age group to have their online accounts hacked by cyber criminals, according to recent research. The research found that 89 per cent of people between 18 and 24 share personal information on social media, which many people commonly use to create their passwords and PINs.

The following best practices can help anyone ensure that they are protected online—no matter their age. (more…)

Lowering Debt After the Festive Season

Feeling bogged down by debt after a hectic and expensive festive season? Try these simple tips to lower debt and start 2017 with your finances in check:

  • Organise your debt into a spreadsheet so you can see a comprehensive picture of what you owe. From there, you can choose which debt to tackle first.
  • Contact credit card companies to see if you can reduce your interest rates, or transfer balances to lower interest cards.
  • Pay off high-interest debt before low-interest debt.
  • Make a budget, and stick to it.
  • Track your spending so you know where to make cuts.


Cracking Your DIY To-do List

Using your winter downtime to tackle some do it yourself (DIY) projects around the house or flat? Follow these five tips:

  1. Start your project early in the day so you have time to fix it in case something goes wrong.
  2. Don’t do anything that you’re not confident about. If you have any doubt that you’re doing it wrong, do more research first.
  3. Stay safe. Leave electrical and gas work to professionals.
  4. If you’re using a new tool, practise on a piece of scrap material before using it on your project.
  5. Dress appropriately. Wear proper safety gear and clothes that you don’t mind getting dirty.

Certain home improvements can add value to your property, so make sure that you inform your insurer of any renovations you make, and make sure that your sum insured amount is still accurate. (more…)

Keeping Premiums to a Minimum

According to the Automobile Association (AA), motor insurance premiums are up 16.3 per cent from this same time last year. Drivers are paying almost £82 more for motor insurance than a year ago, and they aren’t likely to see a reduction any time soon.

Whilst some reports have suggested that advances in technology are to blame for the increase in premiums, the AA blames the increase on continuing problems with whiplash claims and the growing tendency of consumers to shop around for new policies each year.

The insurance premium tax (IPT) hike that was announced on 23rd November isn’t helping matters either, as its 2 per cent increase means that drivers will see a 12 per cent IPT added to their premiums on 1st June 2017. This could add around £15 a year to the average motor insurance premium, according to insurance industry estimates. Younger drivers could especially be hit by the most recent IPT hike, with average premiums for those under the age of 25 potentially rising by £35. (more…)