Managing money
Day-to-day financial management
What is the connection between b-money and Bitcoin?
Collaborative Post Have you heard about b-money? It was intended to be an anonymous, distributed electronic cash system. B-money was first revealed in 1998 by computer scientist Wei Dai. In this way, b-money endeavored to provide many of the same services as well as features that contemporary cryptocurrencies today do as well. While the oldest […]
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A guide to card protection and insurance
Collaborative Post There are many upsides to purchasing things with your credit card, including protection. Different card issuers, including MasterCard, Visa, and American Express, offer different forms of card purchase protection. However, it essentially amounts to you getting reimbursed if anything goes wrong after you’ve purchased items. Many things can go wrong when you use […]
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Financial advice for ageing parents
Collaborative Post As your parents age, one of the most important things you can do for them is to help them manage their finances. Unfortunately, many people don’t know where to start when it comes to giving their parents financial advice. Here are a few tips to get you started. Helping your Parents Stay Financially […]
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How to take a postive approach to your finances
Collaborative Post When it comes to your finances, it’s important to take the right approach mentally. Financial thinking is the process of evaluating and understanding how the financial world works. It includes both positive and negative thoughts. Negative thinking can be defined as a pessimistic outlook on life, a lack of hope for the future, […]
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Tips to help seniors cope with the rising costs of energy
The energy price cap rose on 1 April 2022, from £1277 to £1971 a year. That means energy companies can charge more for their services. As a result those on flexible tariffs and anyone paying through a pre-payment meter will see very significant price increases immediately. And the cap is due to rise again in […]
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Helping your older loved one manage their finances
Collaborative Post When your loved ones grow older chances are you’ll find yourself stepping in to help support them and guide them. This can feel a little odd at first. After all, it’s likely that these are the people who raised you, watched you grow into your adult and have supported you throughout your life. […]
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Cutting down on your monthly expenses post-retirement
Collaborative Post Once you’ve retired, you want to be able to enjoy life, and not worry about money. Even with all of your post-retirement financial plans, it’s natural to still worry about your financial security. One of the ways you can keep your finances easier to manage is to cut down your monthly expenses, helping […]
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Dementia and money management
What happens when you realise a relative is struggling to manage their money because of advancing dementia? You won’t be allowed to take control of their bank account just because you’re a relative. Whether or not you have set up Power of Attorney – and that is by far the best option – there are […]
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What’s new in finance and money management for older people? July 2021
Whether you’re helping an older relative or friend to management their finances, or are planning for your own retirement, here are some updates you many find useful. Women’s pensions It looks like the ‘Waspi’ (Women Against State Pension Inequality) generation of women could receive some sort of compensation for their lost pensions after all. The […]
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Tips for Helping a Relative Financially Prepare for Retirement
Collaborative Post Preparing for retirement could be a stressful and challenging time for an elderly person. Although retirement can be an exciting milestone to reach, the transition into this new stage of life is very difficult for some. If you have an elderly relative who is currently preparing for retirement, then there are a number […]
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