 |  | By Julia Kukiewicz Staff Writer Friday, 27 June 2008 |
Money News Roundup
If you only do one thing with your money this week...
Take some advice from a comparison website and compare credit cards deals.
It sounds counter-intuitive but if you get the right credit card for your spending habits you’ll actually be able to save money by avoiding headaches such as bank charges for going overdrawn and cashing in on freebies like airmiles and travel insurance.
Previous Money News Roundups
See our other recent Money News Roundups and other related news stories:
Money News Roundup (20 Jun 08)
Julia Kukiewicz peers back at this week's personal finance news and reveals how a shocking number of singles are actually saving for their weddings, how over thirties are being hit hardest by the global credit crunch and why you should really try and track down some long lost cash.
Money News Roundup (13 Jun 08)
A sideways look at this week's personal finance news with Julia Kukiewicz, including how to save half a grand at the petrol pumps this year and why taking a little bit of advice from the Department of Health before you head off on your hols may be a good idea.
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A somewhat morbid personal finance news roundup this week: news on inheritance and the latest from a government that’s dead in the water.
Dead Difficult to make money from Inheritance
ALMOST half of Britons are hoping to cash in on an inheritance worth an average of £99,500, according to a survey from Fool.co.uk.
3% estimated that they would be left a seven-figure sum.
When asked about their own plans however, 61% planned to look after themselves, rather than save up an inheritance and one in 25 people (4%) admitted that they’d die broke.
In other words: maybe not such a great idea to plan your finances around granny’s penny jars.
Super-rich unaffected by credit crunch
AS anyone who has picked up a celebrity, artworld or fashion magazine recently can attest the credit crunch has yet to hit the super-rich, nor does it seem likely to do so.
Yes, despite the first dip in city salaries for five years (from £14bn to a piddling £13.7bn) the luxury goods market continues inexorably to rise and mansions remain unaffected by the property woes experienced elsewhere.
In fact, the ranks of the super-rich, those with more than $30m, increased by 8.8% this year.
Meanwhile, Private Eye reported on government memos that purportedly suggested giving tax breaks – and turning the occasional blind eye – to the richest.
That’s after the ’non-dom’ levy of £30,000 had been considerably watered-down.
Footing the Bill for Equality
AND if you thought that the government had made themselves unpopular enough then you must have missed the coverage of the equality bill.
The bill should be a no brainer.
It’s just bringing together existing anti-discrimination laws and updating them. It will make it a lot harder for businesses to get away with having a gender pay gap, for example, or refusing employment on grounds of age.
More controversially, it will also allow employers to positively discriminate and take the make-up of their workforce into account when choosing between two equally qualified candidates.
Which, much as I hate to sympathise with white males, does throw up an awful lot of questions.
Questions like: when have candidates at interview ever been completely equally qualified? And what kind of equality is called discrimination?
And Finally, if you only do one thing this week…
AND finally, if you only do one thing this week take some advice from a comparison website and compare deals on credit cards.
No, really.
It sounds counter-intuitive but if you get the right credit card for your spending habits you’ll actually be able to save money by avoiding headaches such as bank charges for going overdrawn and cashing in on freebies like airmiles and travel insurance.
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