youthmoney

More than a million householders have used credit cards to pay their mortgage or rent in the past year. That’s according to survey just published by ROOF, Shelter’s housing and homelessness magazine It is risky and expensive, and indicates desperation. Shelter chief executive Adam Sampson says more and more people are being driven to short-term, [...]

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Journalist Martin Lewis spent a day last month filming at St. Simon Stock School in Maidstone with a class of 15 year olds. His aim: “to turn them into Money Saving Experts”.  Or, more realistically, to tell them how debts work and how credit card companies target customers. His view: “The real joy of it was that [...]

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Barclaycard this week announced changes to its minimum repayments. Most customers see their monthly minimum reduced — from 2.5% to 2.25%. Marks & Spencer is doing similar with its store card. Which is a great time to warn young people of what happens if you have a large debt and pay off only the minimum. Like, [...]

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