A round up of personal finance news for 31st March 2009.
According to a recent study, our brains set aside rationality when we listen to supposedly expert advice.
Makes sense doesn’t it? After all, expert advice is supposed to take away the difficulties we have in understanding a subject.
A round up of personal finance news for 30th March 2009.
Following yesterday’s news that the Dunfirmline Building Society is going bust, we’ve since found out that Nationwide is to takeover the more “stable” areas of the business, whilst yet again us tax payers will bear the risk of the dodgy toxic mortgages Dunfirmline polluted its otherwise decent business with.
How will this affect Dunfirmline customers?
Tesco is hoping to capitalise on consumers’ disenchantment with traditional banks by opening its own banks in several of its supermarkets.
Dunfermline Building Society, Scotland’s largest building society, which has been struggling to keep running in the past few weeks, has finally gone bust today.
Although the Dunfermline are yet to update their website with any details of how this will affect its customers, the Government seems to be indicating that savers with up to £50,000 will not lose any of their money.
According to BitterWallet, now is the time to switch energy providers, as the big 6 gas and electricity suppliers have all recently made changes to their tariffs. The savings will be particularly noticeable for anyone still on a suppliers standard tariff. If you’ve already switched, you might still be able to save a little on your energy bills, and at the moment, every little helps!
The annual Individual Savings Account (ISA) deadline is fast approaching, and once again if you don’t sort out your ISA before 6th April, you will lose your allowance for this tax year. If you’re looking for some ideas on where to invest, hear where the experts are planning on putting their money.
There are some scary stats about the amount of food that us Brits throw away each week – some estimates put it at as much as 30%, including a staggering 4.4million apples and over 5 million potatoes EVERY DAY. This website should help you decide whether the leftovers in your fridge are still safe to eat.
Ramit Sethi has been blogging about personal finance since 2004, and is currently one of the most interesting writers on the subject. He’s now turned his hand to book writing, and today sees the release of “I Will Teach You to Be Rich”.