Category Archives: Personal Finance

Kicking off the Young Money Book Club with a competition

To help Young Money readers brush up on their financial know-how, I’m bringing you an infrequent column on suggested reading material on all things financial…to kick off the Young Money Book Club, here are the details for a competition for … Continue reading

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Filed under Books, Personal Finance

How much do students rely on payday loans and how they can get out of a debt spiral?

Thousands of students could be directed to payday lenders by a growing pack of online brokers based overseas, as a new report warns that undergraduates are becoming resigned to debt. BY IONA BAIn The National Union of Students has stepped … Continue reading

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Filed under Payday loans, Personal Finance, Student Finance

Don’t let your dream trip turn into a financial nightmare

The Easter and May bank holiday weekends could see thousands of Scots booking last-minute holidays, if they haven’t already planned a trip abroad or “staycation”. But those of us planning a break from the day-to-day grind can easily forget to … Continue reading

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Filed under Bargain hunting, Insurance, Leisure, Personal Finance, Train travel

Could this be a generation Y Budget in disguise?

Iona Bain In the countdown to the Budget this year, few commentators expected any great surprises to emerge. Well, we were wrong. George Osborne has pulled a total flanker by blowing access to pensions wide open, pledging some form of … Continue reading

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Filed under Economy, Personal Finance, Savings Accounts

Who needs to change–the financial industry or their young consumers?

Iona Bain YOLO! That’s right – why think about tomorrow when you can live for today? Not every young person is enamoured with this type of Twitter speak, judging by straw polls of my friends in recent years, but it … Continue reading

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Filed under Consumer Affairs, Economy, Personal Finance, Savings Accounts

Are you worrying about a New Year debt hangover? If so, read on…

IONA BAIN FOR THE HERALD A worrying new survey has found the majority of Scots, 55%, are getting used to living beyond their means, typically spending £119 that they do not have each month. Over a third now view their … Continue reading

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Filed under Consumer Affairs, Loans, Payday loans, Personal Finance, Shopping

A company that targets unemployed students – and why the payday loan damage has already been done

Britain’s financial watchdog has published its long awaited report into how payday loan companies should be kept in check. But is it a case of too little, too late? Iona Bain The payday loan has become the product that we … Continue reading

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Filed under Banking, Money Advice, Payday loans, Personal Finance, Personal Finance Education

Has the short-term credit market reached a new low with ‘Loans for Poor People’?

Online loan companies and brokers are using tawdry tactics to try and attract vulnerable customers – what can we do to make sure this doesn’t have terrible consequences? by iona bain New rules were ushered in this year to ensure … Continue reading

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Filed under Loans, Payday loans, Personal Finance, Technology

The rise of the virtual university

My latest column for Baillie Gifford – this month, I’m discussing whether the virtual university will ever replace the real thing, given the VERY persuasive financial upsides… Iona Bain If you were asked to conjure up a picture of university, … Continue reading

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Filed under Investments, Personal Finance, Student Finance, Technology

Twenty Somethings & Their Money

This infographic reveals the results of research into how Britons in their 20s view the financial opportunities and threats they face. It’s based on research I contributed to last year and covers what young people think about pensions, how they … Continue reading

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Filed under Banking, First-time buyers, Insurance, Investments, Loans, Payday loans, Pensions & Retirement, Personal Finance, Savings Accounts