Tag Archives: saving

savings

Drop in numbers under 50 saving

There has been a significant drop in the number of people under 50 saving regularly, according to a survey by Nationwide and the ESRI. The savings index fell two points in May with the proportion of people saving regularly falling from 31% to 28% the previous month. This decline is most apparent in those in [...]

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The amount of disposable income available to people rose in Q3 2012

Amount of disposable income rises for Irish households

The amount of disposable income available to Irish households rose slightly in Q3 2012, according to the latest figures from the Central Statistics Office (CSO). The new figures show that Irish households had a total of just over €23 billion in disposable income in the months July, August and September – an increase on the [...]

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42% of people are saving no money at the end of each month

Over two fifths of people not saving anything

Over two fifths of people are not saving anything at the end of each month, according to the latest Nationwide/ESRI savings index. The survey found that 42% of people were not putting any money aside. That was up from 36% in 2011, with the proportion of people saving regularly now standing at 34% – down [...]

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Instead of saving, consumers are using spare cash to pay down debt

Consumers cutting back on savings to pay down debt

Consumers are cutting back on the amount they are saving and doubling their efforts to pay down debts due to fears over their financial futures, according to a new survey. The latest Nationwide UK (Ireland)/ESRI savings index for September found that a majority of people were using spare cash to pay off debt. The index [...]

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Four in 10 people do not save anything

Four in 10 do not save a penny

More than four in 10 Irish people do not save a penny, according to a new survey. The latest Nationwide UK (Ireland)/ESRI Savings Index for June published today indicated that 43% of Irish people are not saving at all. It is the highest level of non-saving recorded since 2010, and an increase of 35% on [...]

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FreeRent_Thumb

Commercial premises available rent free!

MRA Property Ltd. have announced the launch of a “no rent” commercial premises scheme / idea. With so much doom and gloom in the economy and rising unemployment the innovative thinkers at MRA Property Ltd have come up with a revolutionary new way of using industrial, retail and office space to stimulate the economy and [...]

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New Electricity Levy on household bills: is it fair?

New Electricity Levy on household bills: Is it fair?

An electricity levy that was previously suspended in 2007 has been revived and will now be imposed on all electricity customers come this October. The new levy will see an increase in electricity prices of up to 5% and plans to raise €156 million in order to improve the security of energy supply and for [...]

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Financial Regulator tells off banks

Tracker Mortgages: Financial Regulator tells off banks

After some digging by the Financial Regulator he found that not all lenders have been clear and upfront with their customers about the consequences and possible costs of switching from a Tracker to a variable or fixed rate mortgage. As a result, the regulator has told lenders that they must show customers the difference in [...]

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Mortgage Rates on the rise again: Should you fix now?

Mortgage Rates on the rise again: Should you fix now?

Following the first round of increases earlier this year, EBS announced a further increase of 0.6% on its Standard Variable Rate mortgage this month which was followed on Friday by Irish Life & Permanent with a 0.5% increase on their Standard Variable Rate; it is only a matter of time before all banks follow suit. [...]

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Affordable housing transferred for use as social housing

Affordable housing transferred for use as social housing

Local Authorities have transferred more than 1,500 affordable housing units for use as social housing in an attempt to address the excess of unsold properties following the downturn in the housing market. With the current climate the demand for affordable housing, a scheme that was designed to provide homes at a discount to the market [...]

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