Money Wellness

News

Get all the latest news and expert advice on the money matters that matter to you. Rent, mortgages, bills, benefits and more. 

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    managing your money

    Cost of ‘settling down’ in the UK reaches £400k

    If you’re on working tax credit or getting universal credit and struggling to build up savings, you may be eligible for a Help to Save account.

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    bills

    Scottish Power set to pay £1.5 million for overcharging customers

    Scottish Power was charging customers above the price cap during the height of the energy crisis. The average amount Scottish Power overcharged customers was £149 per customer.

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    managing your money

    Fraudsters made £2.3 billon in 2023, as AI scams rise

    Find out how to protect your money from AI scams.

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    bills

    Are you missing out on compensation for failed broadband in the UK?

    If you experience a broadband failure, you're entitled to automatic compensation.

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    bills

    Over 84,000 households faced with Section 21 evictions after failed promise to ban them

    Since the government's 'failed' promise to ban no-fault evictions, over 84,000 households have had eviction notices.

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    cost of living

    High energy bills are adding an extra month’s rent to household finances

    Tenant’s energy bills peaked at the highest level in seven years, Hamptons found. In one year, average annual gas and electricity bills amounted to £1,331 for a typical rental home. If you're struggling, find out what to do.

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    cost of living

    Half of people had to cut non-essential costs in first quarter of 2024

    With half of people cutting non-essential costs and many dipping into their savings to afford essential costs, find out what help you cant get.

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    benefits

    How have changes across the UK impacted universal credit and its claimants?

    The Resolution Foundation carried out research about how the current universal credit system compares to the legacy benefit system it replaces and how changes in the UK over the last decade have changed its impact.

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    debts

    Brits spend £1.4 billion a year on overdrafts

    If you're in need of debt advice, we can help.

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    cost of living

    Rent increases overtake wage growth- many will struggle research finds

    Think tank Resolution Foundation has found that average rent prices could rise by 13% in the next three years, which means they’ll outpace the projected average wage growth of 7.5%

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    benefits

    Scotland moves to child disability payment- what’s changed?

    Find out if you need to apply for child disability payment.

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    debts

    Nearly one in ten people borrow money to fund food shops, Lenvi finds

    Lenvi’s recent report on buy now, pay later (BNPL) loans and products gives us insight into people’s reasons for borrowing.

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    debts

    Vulnerable and minority groups are twice as likely to use unregulated buy now, pay later loans

    Unregulated BNPL loans are causing the most vulnerable and minority groups in the UK to be at risk of debt to them.

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    debts

    Young people are three times more likely than older generations to have their mental health impacted by money worries

    If you're aged 18-34 and struggling with debt and mental health, find out what help is available. You're not alone.

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    bills

    Proposed changes to Renters Reform Bill not enough, expert says

    With the Renters Reform Bill up in the air, find out what to do if you're struggling with your rent.

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