Every parent will know that bringing up a baby is a life-changing rollercoaster – emotionally and financially. The Financial Services Compensation Scheme (FSCS), which protects your savings up to £85,000, wanted to see what kind of pressures parents-to-be are facing in the current economy when they are thinking about the costs of bringing up a baby.
When it comes to the ‘big ticket’ baby items, expectant parents could seriously reduce their baby bill by taking advice from parents who have been there and done it. Research from the Financial Services Compensations Scheme (FSCS) reveals some parents to be often underestimate the real costs of these items. At the same time, they plan to save an average £234 a month for baby’s first year, almost three times the basic minimum required.
There’s no such thing as loving your baby too much, however, new research from the Financial Services Compensation Scheme (FSCS) finds that mums-to-be are feeling more financial pressure to return to work than parents with one child under five years old did.
Having a baby can be a steep learning curve for new parents, as they learn to manage finances as well as looking after a baby. The Financial Services Compensation Scheme (FSCS), which protects your savings up to £85,000, has been surveying parents and parents-to-be in new research to find out they fund or plan to fund their baby bill.
The glacial relationships which result from the mother’s effort to take over her daughter’s wedding are a regular staple of Hollywood movie plots. But does it happen in reality? Not according to research from the Financial Services Compensation Scheme.
The increasing cost of weddings shows no sign of slowing down, with the average bill hitting almost £22,000. So, it is no surprise that hard-pressed couples get a substantial helping hand from their parents.
The number of unmarried couples living together has doubled over the last 15 years, according to the Office for National Statistics. So, many people who decide to get hitched already have much of what they need to start married life.
A recent survey of consumer spending habits, carried out on behalf of the Financial Services Compensation Scheme (FSCS), has highlighted some interesting attitudes and behaviours of holidaymakers from the UK.
FSCS research has discovered that a majority of Brits are brilliant at budgeting for holiday expenses. But do they stick to their budgets?
Breaking away from work and friends has never been more challenging. As we spend most of the year glued to a phone or computer screen our biggest challenge on holiday is switching off!
The Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme, has discovered that 81% of people contact friends and family while on holiday. When you save for so long to pay for a holiday it is important to make sure that you switch off and wind down.
The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).