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- Feed Preview This is How Money Works | Mail Online
Ten steps to teach your children about money
Parents are now working from home while also trying to find the time to teach their children. But it's not just algebra they can mug up on.
Money Diaries: I'm 30, earn £270k and want to pay off my parent's mortgage
In our latest This is Money Diaries, we speak to a 30-year-old company boss, who may be a high-flier but also wants to learn how to budget his finances properly.
Money Diaries: We hear from a 29 year old on £20k skipping social events to save for a house
We look under the financial bonnet and analyse spending habits over the course of a typical month, followed by tips on what they can do to achieve a brighter financial future.
Why this former Lehman's employee is on a mission to change our relationship with our finances
Emilie Bellet, founder of Vestpod talks about her company which aims to dispel the taboo around talking about money for women and her new book on how to streamline your finances.
Karren Brady's tips to help your child get ahead
We speak to Baroness Karren Brady, vice-chair of West Ham Football Club, who is best-known as one of Lord Sugar's trusted assistants on BBC's The Apprentice.
How credit cards work and when to use them wisely
Credit cards can help you spread the cost of purchases over time and improve your credit rating and chance of getting a mortgage - but make sure you follow the rules.
Money Diaries: I'm 24 and earn £43k but struggling to pay off debt
People from all walks of life will tell us their spending habits over the course of a typical month and we will give them expert advice about what they can do to achieve a brighter financial futu...
How much money do I need to save for my pension?
We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?
Check if your tax bill will rise or fall from April 2019?
The new tax year starts this Saturday and with it comes the usual infuriating hotchpotch of changes to our income, pension and savings allowances.
Could you benefit from £59,200 financial support via Access to Work?
Million of employees with long-term health conditions and disabilities will be able to benefit from up to £59,200 a year to assist them at work, with the grant increasing next month.
In the first This is Money Diaries, we speak to a 28 year old on £25k a year living in London
People from all walks of life will tell us their spending habits over the course of a typical month and we will give them expert advice about what they can do to achieve a brighter financial futu...
How to take the sting out of inheritance tax and save your family thousands of pounds
We asked a panel of leading financial experts for ideas on how families can draw the sting from the tail of inheritance tax. Surprisingly, most of the measures recommended are simple to implement...
Beat your money Groundhog Day: How to stop repeating mistakes
It's Groundhog Day. The 2nd February is the day that Phil Connors, the TV weatherman in the 1990s movie, is forced to relive over and over again. Are your finances stuck in a similar loop?
Cancer and your finances: How to get affordable travel insurance with a pre-existing illness
Mention the 'C' word and insurers see pound signs - either that or they slam the proverbial door in your face. At least that's how it can feel. Here's our guide to getting cover with a pre-existi...
What would a no-deal Brexit plan mean for your personal finances?
From rising mortgage rates to fund managers being unable to service investors' accounts - we take a look at what could happen if the Government fails to agree a deal on Brexit.
SIMON LAMBERT: Don't bank on the state for a pension because Britain won't pay enough
Don’t bank on the state for your pension. That is the warning that should be taken from a new OECD report ranking the UK’s state pension against the world.
What you need to think about when writing a will
In theory writing a will sounds simple. You decide who you want to leave your worldly wealth to and get a legally watertight will drawn up. There's a bit more to think about than that though.
Cancer and your finances: The extra help you might not know about
Those going through cancer treatment and coping with the after effects are faced with a whole host of extra costs. Here's where you can get help from energy bills to wigs.
How to cash in on Britain's bonkers tax rules
Parents must juggle child benefits; savers and charity donors must remember to claim tax relief; pensioners must carefully time when they take income if they're to avoid massive bills.
Five free official services that could help your finances
Free financial tools and services that help people save, protect or better manage money are routinely overlooked The Mail on Sunday looks at five free-to-use official services
How your bank can help if money affects your mental health
There are many things that can affect people's mental health and money worries are one of them. To mark Time to Talk day, Yorkshire BS has explained how financial institutions can help.
The 12 steps to get richer in 2018
There is no better time to get your finances in shape than early in the New Year. Holly Black gives a dozen tips on how to enjoy financial success in 2018.
Do men play down women's financial contribution at home?
Men might be undervaluing women's financial contributions - as research showed a divide between how they and their female partners consider the latter's role.
How to beat the mind tricks that make you poorer
Should you find yourself putting off renewing your home insurance until tomorrow, or feeling confused by compound interest, you can blame evolution. We explain why and what you can do.
Are you a secret money worrier? Some 70% of Britons are
As Christmas shopping drains bank accounts across the land, new research revealed Britain is a nation of 'silent money worriers'. Seven out of ten people admit bottling up their financial concern...
How do I reduce my inheritance tax bill?
It is one of the most hated taxes — and more and more people are being dragged into it as house prices rise. But couples can give away £24,000 a year without inheritance tax dogging their fam...
3 ways to get richer whatever happens to interest rates
Whatever happens next with interest rates, here are three things people can do with their finances, to get a bit richer.
John Redwood explains the FTSE 100
We explain what it is, what FTSE stands for, what the FTSE 100 number means and what it's got to do with the state of our economy.
How children are learning about finance
Kirton Primary School in Boston, Lincolnshire, started its own currency called Kirts, with which Darcie, six, bought a bow for her hair.
How to give away money and keep some control with a trust
Not just the preserve of the ultra wealthy, trusts are a useful, if rather obscure, way to help you keep control of more of your money while passing it on to your loved ones.
Why do financial markets move up or down
Financial markets move about all day – but what makes them shift? Is it just investors responding to the news of the day or are there other factors at play?
Jim Rickards predicts financial crisis is six months away
The next crisis is inevitable, will hit us in the next six to eight months and will be triggered by war between the US and North Korea, says New York Times best-selling author Jim Rickards.
Don't let tax chaos rob YOUR family of childcare perks
Parents baffled by the Government's two new — and very complicated — childcare schemes risk losing out on vital perks if they don't act quickly.
Cancer and your finances: Benefits you may be entitled to
Grappling with the benefits monster can be daunting, particularly for those struggling with common side effects such as nausea, fatigue and chemo brain so here's everything you need to know.
How to avoid inheritance tax and plan to pass on more
Inheritance is an area of personal finance that can get very complicated, very quickly and what might seem relatively straightforward at first glance, often isn’t.
Your rights at work if you fall ill
Aside from the financial aspect, continuing with your job or getting back to the office after treatment is an important part of getting back to normality and can play a huge part in your recovery...
Six ways to help your children get their finances in order
Parents are handing over thousands of pounds to help their offspring fly the family nest – a process that is neither easy nor cheap in an era of university tuition fees and high cost of housing...
I’m having a baby, how can I prepare my finances?
From planning for maternity pay and making sure you have safeguards in place should the worst happen, to making sure you don't overpay on newborn essentials here are our top tips.
Top 10 apps to help you manage your money
Do you find the idea of sorting out your finances boring, or even overwhelming? It doesn't have to be this way. We've done the legwork for you and picked the top 10 best money apps.
New survey shows people are scared to face their finances
According to a new survey, most of us would rather undergo root canal surgery or even break up with our partner than sit down and plan what to do with our money.
Are you on the right side of the savings divide?
A look at the savings divide is more than just an exercise in helping to establish ‘I’m considerably richer than you’ bragging rights. It highlights the issues our divided society faces.
Why do economists get it so wrong? Peter Antonioni answers
Why do economists get it so wrong at times, is economics up to the job – and if not, what alternatives have we got?
How long should you fix your mortgage for?
Even at a time when we are stretching our finances further to afford a home, moving less, and pushing mortgages beyond 30 years, we still remain captivated by two-year fixed rate deals.
How rich are you? Work out where your income and wealth sits in the UK
While we quite rightly worry about inequality, Britain’s disposable incomes are the most equal they have been in 30 years, but where do you fit in the earnings and wealth scales?
What can you do if robots push your job towards extinction?
Sooner, rather than later, many jobs could be wiped out by artificial intelligence, according to the growing noise from influential thinkers. So what can you do to get ahead?
Personal allowances and how you can earn £27,000 tax free for 2017/18
Canny money-makers can end up with thousands more in tax-free earnings every year than the average UK take home pay. Our step-by-step guide reveals how.
Why save into a pension? Because it can get you £112.50 for £50
If letters from people’s work pensions told them they could get more than £100 for just £50 of their own cash, would they be more likely to take up what’s on offer?
Despite all the bad news it is possible to beat the pensions crisis
Toni Leigh Hall, who was made up to look age 65 for a pensions campaign, pictured, started to save two years ago and is on track to have a reasonable income when she retires.
As 40 estates a week go unclaimed - here's why you should write a will and how to arrange your bequests for free
The assets of people who die without a will and with no known immediate family are advertised publicly at a rate of around 40 estates a week.
I’ve just started my first job, how do I get my finances right?
Here are some of the things you'll need to think about when it comes to your finances as you start your first job.
Financial life 50 years ago: Wages paid in cash on Fridays and tax at 95%
When the Daily Mail dropped through Britain's letter boxes on Wednesday September 28, 1966, it contained a new feature called Money Mail. We look at financial life back then.
How saving works: Your essential guide to building up a nest egg
There are many good reasons for saving. The good news is that once you decide to get that saving habit there are ways to make it work even better. Read our guide to saving.
Innovation Bubble's study into lending between friends and family might surprise you
What was your response last time someone asked if you could lend them some money? You might think your decision would rest on the state of your bank balance - but these studies indicate there's m...
How much do children know about how money works
Financial education became compulsory in 2014, but many young people still leave school with a dim understanding of how loans, and debt work. My Money Week wants to change that.
How much pocket money should you give kids?
Pocket money has reached its highest level for nine years, according to a survey running since the 1980s. But why do allowances matter and what should you give?
What you need to know about picking and paying for a funeral
Death is unavoidable – but the way we are laid to rest is still largely in our control. We examine the key decisions you need to make on a funeral.
How do I work out compound interest?
It's a simple but extraordinarily powerful force that anyone saving for their future or going into debt should understand, says Tom Stevenson of Fidelity International.
Take this quiz to see what career path could fit you best
Oxford Open Learning has developed a 'profession picker' quiz, which you can take to find which career could be the best fit for your skills.
Lasting power of attorney is the essential safety net for your family finances
If the proverbial bus hits you tomorrow and you're left incapacitated but not dead, lasting power of attorney allows your loved ones to run the family finances.
SIMON LAMBERT: Twelve of the best money tips from our readers
This week we featured the advice a bunch of experts said they would give an 18-year-old, but it was our readers' money tips in response that stood out. I've picked my favourites.
The one money tip you'd give to an 18-year-old
A half dozen economists and financial experts have delivered the piece of advice they would tell someone setting out on their financial life. Do you agree with them?
Eight simple but important lessons about money
Learning more about money is a good way to keep hold of it and make more of it. Here are some simple but important things I’d teach people.
How much will my work pension cost and is it worth paying in a small amount?
I am 24 and have started a new job paying £23,000 and my company wants to enrol me in the pension scheme. Should I take up the offer?
Tax year 2016/17 and the changes you need to know about
The start of the new tax year brings a raft of changes that have consequences for your personal finances. We round up the new measures you can't afford to ignore.
From wills to lasting power of attorney, the essentials to protect your family
We reveal what you need to know about wills, inheritance and the importance of lasting power of attorney
More than a million young adults risk financial rejection by skipping repayments
As many as 1.2 million young adults are risking their financial future over missed repayments. The cost of the average missed bill amounts to just £7.60, according to research by ClearScore.
Why bother with a pension? The advice I gave my own sister
How do you get people to start saving into their pension early? This is a question that vexes policymakers - and me this week when my sister asked about her new job's pension.
What do they teach kids in financial education? We go back to school to find out
More than 15 million British adults say they never received formal financial education but wished they had. And with 7m not saving a penny, the need for knowledge has never been greater.
How to invest in the stock market to build your lifetime fortune
With interest rates at historic lows for almost seven years, savers have to look harder to find income that in the past was provided by deposit accounts at banks or building societies.
How to track down a lost pension: Think you may have accumu...an old job or insurance company scheme? Be prepared for a hunt
Losing track of an old pension is surprisingly easy. Unlike a tenner that slipped down the back of the sofa, it won’t just reappear, so you’ll need to put in some effort.
How to boost savings by 25%: Three steps to find the best rate
From April 6, basic-rate taxpayers will be able to receive £1,000 of interest a year tax‑free. On an account paying 1 per cent you would be paid £10 a year on every £1,000 instead of £8.
From setting up a Super Isa to keeping more of your dividend payouts... The tax breaks YOU need to know about
We handed over a staggering £163 billion in income tax from our earnings in the year to April 2015 — so it pays to take advantage of all the tax breaks you can.
How to protect your savings
Saving is important but so is making sure you are up to scratch with the rules on compensation in case your bank or building society fell on hard times.
The £10 start-up businesses from these 11-14 year-olds will amaze you
How far could you make £10 stretch? These pupils were challenged to set up a business with just a tenner and they really let their imagination fly.
Why equity release is so expensive (and the tricks to making it cheaper to tap the value of your home)
Equity release allows homeowners to tap the value of their homes without having to sell up or move out. The cost can quickly add up though. Why is this and this there a better way?
How can I find out how much my house is worth without using an estate agent?
We are obsessed with property prices - our own, our neighbours' and even that of complete strangers. Can you get an accurate valuation of your home without getting an estate agent round?
How well do you understand mortgages? Take our quiz to see if you can beat UK average
Millions of us have taken out loans worth hundreds of thousands of pounds each to buy homes – yet a high number do not fully understand them, a study suggests. So can you work out the answers?
How mortgages work: Your essential guide to paying for a home
Unless you are very wealthy, you are unlikely to be able to buy a home outright. Instead, you can use a mortgage to fund the bulk of the purchase. We explain how they work.
Almost half of young people owe money, but how can you escape debt that's weighing you down?
Almost half of people aged 18 to 25 have debts other than student loans and mortgages, owing an average of £3,109, research claims. But how can you get back on track?
What should you compromise on to get a new home?
It seems the fixation on 'location, location, location' no longer holds true, with buyers citing it as only eighth most important thing to stand their ground on.
Don't let your tax form become a DIY disaster: Get professional help
Do-it-yourself home projects are meant to save money, but can end up going wrong. In personal finance the same goes for DIY accounting and tax planning.
Writing a will 'is the only way to ensure your wishes are carried out'
Millions of Britons risk leaving their assets to the wrong people or the State. This year it emerged that comedian Rik Mayall had died without a will, so his £1.2million estate was liable to a b...
How a good financial adviser can help you sort your retirement
Angela Healy, sitting outside her beach hut in Teignmouth, Devon, looks back on 2008 as the year she finally put to bed the crises crowding in on her life.
How can I decide on the best savings account to open?
I want to set aside some money every month that I don’t intend to tap into but might need for a rainy day fund. Where is the best place to save it?
How should I decide how long to fix my mortgage for?
Fixed rate mortgages are near record lows, but should you opt for a two-five or even ten-year deal. We get three mortgage experts advice on how to decide.
The 10 secrets to career contentment (and money doesn't come top!)
A third of adult life is spent at work, so satisfaction there is a pretty important factor in the eternal quest for everyday happiness. So, what's the secret to being happy at work?
Poet's video delivers five wealth-boosting tips
English teacher-turned-poet Mark Grist came to fame when he schooled one of his pupils in a rap battle, with the video going viral and racking up over four million YouTube views.
Who should you get to write your will and what do you need to put in it?
Have you made a will? If not, you’re not alone. More than half of adults in the UK don’t have one. Yet it’s relatively simple and there are plenty of options. We run through them and what y...
My employer wants to put me into a pension scheme, should I join it?
A government initiative now means that all employers must set up a scheme and automatically enrol all eligible employees. So should you embrace it or opt out?
Five questions you need to ask yourself to get the best mortgage
Behind the glossy adverts are a whole raft of hurdles you will have to jump over before getting a mortgage. We explain what you need to know.
How much can you afford when buying a home?
Successfully buying a home isn't about getting the biggest mortgage possible, it is also vital to avoid overstretching.
Which survey should I get for my first house?
Having read around and asked anyone who'll listen, I'm now totally confused about what survey to get get.
How budgeting works: Your essential guide to making more of what you spend
Making a budget will allow you to ensure you keep spending sensibly, and could help you find extra opportunities to save for the future or pay off debts more quickly. We take a look at the essent...