Mobile phone tariffs: Five minute guide to getting cheaper deals | Personal Finance | Finance

Too many mobile phone users are throwing money away by paying for data they never use or a handset they have already paid off. As tariffs become more complex, and many people bundle their mobile with broadband and digital TV services, it is easy to lose track of what you are paying for and what you actually use. WRONG NUMBERS Britons are collectively paying for 143 million gigabytes worth of data every month that goes unused, research from uSwitch.com shows. The price comparison and switching service found that one in…

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Marriage tax: Getting hitched ‘could make you £190,000 RICHER over your life’ | Personal Finance | Finance

GETTY (STOCK IMAGE) Couples who take full advant­age of all their tax breaks could be up to £183,714 better off Couples who take full advant­age of all their tax breaks, including inheritance tax, could be up to £183,714 better off on average if married for 30 years, rising to £190,964 over 50 years, Hargreaves Lansdown found. These savings come even after subtracting the cost of an average wedding, a whopping £27,161, according to Hitched.co.uk. Your savings will vary according to how much you both hold in pensions and ISAs, and…

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China stock markets: Will China remain top dog in the coming 12 months? | Personal Finance | Finance

However, investors have been worried recently, as the country’s markets have been caught up in global equities volatility. Millions of ordinary UK investors hold some of their pension and ISA funds in emerging markets such as China, in the hope of sniffing out superior investment returns. So will China remain top dog in the coming 12 months? Mark Ward, head of trading at wealth adviser Sanlam UK, said China has shot to global superpower status in an incredibly short time: “For an economy that was smaller than Canada’s only two…

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Football viewing now a game of two halves | Personal Finance | Finance

More than four out of 10 football fans typically watch their team’s televised games at the pub rather than at home, but what they save on a TV sports package they may spend on food and drinks instead. The average fan spends £30 on food and drinks watching their team down the pub, around a tenner more than they typically spend at home.  Arsenal fans who have watched all 18 of their televised matches at a pub would have spent almost £600 this season, around £225 more than those watching…

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Bitcoin BAN: Lloyds Bank to stop credit card customers from buying cryptocurrency | Personal Finance | Finance

Lloyds Banking Group will tell its nine million credit card customers on Monday that any attempts to buy bitcoin will be blocked. It is thought hundreds of thousands of people invested in bitcoin last year as the digital currency’s value soared in the final months of 2017. Bitcoin value reached £14,000 in December, before rapidly falling to less than £6,000 in recent days. Lloyds fears it could be forced to pay off unpaid debts if the price of the digital currency continues to fall. From Monday, credit card customers of…

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Government approved ways to make sure your cash sets you up for life | Personal Finance | Finance

GETTY Start saving this year and set yourself up for a safe and secure future with these tips See it as a terrific down payment on future happiness. After all today’s 65-year-olds can reasonably expect another 21 years at least.  The biggest problem though about this recipe for feeling good and enjoying more peace of mind is … getting down to doing it. To help you on your way the Department for Work and Pensions has put together a guide with simple steps about what’s most important. Guy Opperman, its…

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How to mine Litecoin: Guide to Litecoin mining at home | Personal Finance | Finance

High power consumption, maintenance costs and the exorbitant prices of mining rigs have driven a wedge wedge between first time bitcoin miners and the crypto markets. Similarly the high entry point of bitcoin makes it difficult for many to buy their way into the tokens, unless they have $8,000 (£5,707.52) to spend per token. Luckily a whole plethora of virtual currencies, known as alt-coins, are at hand to give newcomers a helping hand with their first steps into the crypto-community. One of the more popular choices is litecoin LTC, a…

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Bitcoin price plummets as Virgin Money bans buying cryptocurrency on credit cards | Personal Finance | Finance

The value of bitcoin has fallen from $19,850 in December to $6,575 after the value of the cryptocurrency halved in less than two months. Banks are concerned customers will run up huge debts due to the volatility of cryptocurrencies. It is thought hundreds of thousands of people invested in bitcoin last year as the digital currency’s value soared in the final months of 2017.  Bitcoin value reached $19,600 in December, before rapidly falling to less than $6,000 today. The news comes amid growing international concerns about how the increasingly popular cryptocurrencies are…

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Cover your boiler so you don’t get left in the cold | Personal Finance | Finance

Living without hot water or central heating is a major challenge, especially in the midst of one of the coldest winters for years. Shona Eyre, energy expert at uSwitch.com, said boiler breakdown can be a nightmare: “It is especially dangerous for the elderly, vulnerable, those with babies and the chronically ill.” Your first step is to check whether you are covered by your home insurance policy, as some policies include boiler cover as standard. Eyre said those who need to borrow money for repairs should consider a credit card charging…

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Inheritance tax tips: Don’t wait for the overhaul | Personal Finance | Finance

GETTY IHT rules are complex Britons paid a record £5.3billion in IHT in 2017, a figure that could surge to more than £6.5billion this year, according to calculations by insurer NFU Mutual. No one can afford to wait for the Government to clean up the current system, so plan as rules stand today. TURNING THE SCREW Sean McCann, chartered financial planner at NFU Mutual, said IHT is a bigger threat than ever as the taxman looks more closely at people’s estates and challenges claims for tax relief. “As house price…

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Personal finance: Savers urged to stay clam amid global stock market meltdown | Personal Finance | Finance

Despite an afternoon rally the FTSE100 closed yesterday at 7,141.40, down 8.2 per cent from its all-time high of 7,778.6 on January 12. Investors are selling because they fear rising inflation will force central bankers to hike interest rates faster to keep a lid on prices and this will hit business and stock market growth. Jane Sydenham, investment director at Rathbones, said there is no need to panic as interest rates are only rising because the economic background is stable enough to handle it. “It is rare for bear markets…

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Bitcoin price: Cryptocurrency fight-back Bitcoin rises to $8000 XRP Ripple LTC | Personal Finance | Finance

Bitcoin was priced $8,177 at the time of press, a rise of around $478 dollars on the day so far and a spectacularly better place than the $5,947 low from earlier this week. So-called ‘wallet-holders’ – owners of highly volatile cryptocurrencies like bitcoin, Ethereum, Litecoin and XRP/Ripple – have been able to breather slightly easier over the last 24 hours with the total market capitalisation of all cryptocurrencies increasing 25 percent to $352 billion, according to CoinMarketCap. At its lowest point yesterday the total value had dropped to $276 billion…

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