The Boomerang Generation: The Brits that are moving back in with their parents to try and regain control of their finances. Abbey have found an increasing number of 18-24 year olds are moving back to their mum and dad - about 1 million in the age group have either put moving out plans on hold or have returned to their parents in the last year.
It was also found that a third of the so-called Boomerangers were from the North, while 22% were from the south east.
It is a good way to save money and ort out your finances - if you can deal with more people living around you!
Posted on Wednesday, February 04th, 2009 at 10:23am
Panasonic are planning to slash 15,000 jobs and close 27 of their plants all over the world to try and save on costs. The firm have said that they expect a net loss of £2.9bn this financial year since being hit by the credit crunch.
The job cuts represent about 5% of the firm's workforce and will be done by the end of March 2010 - half being planned to take place in Japan and the other half abroad.
And they aren\'t the only Japanese technology company which have announced cuts. There's also:
I'm pretty sure I wouldn't go as far as this man, who killed his mum as bailiffs came to repossess the house. His plan was to shoot himself, after burning down the half a mil home, but he couldn't reach the trigger of his shotgun and so gave himself up to the police.
The house was being repossessed by Northern Rock, as the man had bult up debts beyond £100,000 against the property.
A businessman has decided to buy a block of toilets in the middle of Nottingham, and turn them into a successful bistro - what a gastronomic delight! He has spent £500,000 buying the loos and is planning on spending another half a million on doing the building up - eventually, turning the building into a funky fast food restaurant.
You will be able to check out the new bistro in Carrington Street, Nottingham, once everything is done and the restaurant is open.
Apparently, the attitude of a lot of us Brits when it comes to savings, is something of a sceptical one...Can you blame us really?
There certainly aren't as many beneifts when it comes to savings at the moment - the interest rates are dire because of the economy, so taking out a savings account would be of little more use than stuffing your cash in your mattress at the moment.So, what's the point?
When I was little my parents used to take me and Sis on day trips to France. We'd get on the ferry in Portsmouth at about ten pm, kip down on the floor somewhere and then get off the boat in Caen or Cherbourg or Le Havre at six the next morning. We'd have the whole day in France before getting back on the ferry at about four in the evening. It was great, I used to love it. Everything was really cheap over there and I'd stock up on sweets, explosive bangers and toys, getting twice as much for my pocket money as I could back home in England.
These trips used to cost no more than about ten quid, thanks to vouchers printed in the local paper, and we'd all have a great day and Mum and Dad would come back with the boot of the car filled with wine.
Those days are all gone now though it seems! With the pound as pathetic as it currently is, I reckon the French will be coming over here soon for their day trips, going home with THEIR boots stuffed full of English delicacies! They must be loving it; boot's on the other foot now, eh?!
If you do still fancy mooching over to France though from somewhere other than Dover, LD Lines are probably the cheapest option, especially if you're going as just a foot passenger.
Seeing as this blog's all about money, and seeing as the current financial state of things means we all need a good cheering up, what better thing to post today than some classic British comedy from the legends that are Monty Python?! Enjoy!
If you want to save some money in 2009, get yourself down to Asda! The supermarket giant has promised to make massive price cuts, offering discounts on 1,000 products at a time, meaning you should be able to slash the cost of your weekly shop.
They're offering things like three-for-a-tenner on decent wines and joints of meat, as well as frozen goods and beauty products for a pound.
It's quite likely that Asda's new initiative will spark a price war with the other big supermarkets, which has got to be a good thing for you and me. Not so great news for the small retailers though I guess.
It seems that the number of bankruptcies and IVAs is set to massively increase over the next couple of years, as the UK economy struggles furthermore due to the financial downturn. The government is reported to be doing as much as possible to reduce the chances of consumers having to turn to bankruptcy, but there's only so much that they can do.
Those who are experiencing a squeeze on their finances need to get it sorted as soon as possible, rather than waiting it out, only to see their problems worsen. Using effective debt management skills as soon as possible may prevent individuals from having to declare themselves bankrupt - it's important to keep check of your finances and budget accordingly - you don't want to have to go down the bankruptcy/IVA route if you don't have to.
