POUND NOTES
NEW PARENTS SPEND £9,500 PER YEAR’
NEW parents can expect to spend £184 a week on necessities such as food, clothing and childcare for their baby, According to research from Comparethemarket.com.
The estimated cost adds up to more than £9,500 a year. Of over 1,500 new and expectant parents surveyed, almost two thirds (65%) were worried about the cost of raising a child, with over a fifth (22%) considering themselves “very worried”.
MORTGAGES FOR PARENTS TO HELP CHILDREN ONTO PROPERTY LADDER
MORTGAGE deals allowing parents to raise funds from their property to help their adult children buy their first home have been launched by Britain’s biggest building society.
Nationwide Building Society’s Family Deposit range is aimed at home-owners looking to support other relatives. It says the deals could be used by home-owners helping their children to take their first steps on the property ladder, or relatives looking to assist older parents to move for example.
NOT ENOUGH PEOPLE ‘CHECK SMALL PRINT FOR ONLINE SERVICES’
LESS than a third of people always check the terms and conditions when sharing their personal information online in return for a service, a payments industry body has found.
Just 31% of people surveyed for Payments UK say they always read the small print when sharing their information to use a service such as price comparison websites, financial services apps, property websites, credit reference agencies, and auction, charity and dating websites.
With advances in technology giving greater control over money management, Payments UK said customers must have confidence in the way their data is being shared.