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Savings News

Morrisons kicks-off price war with £1bn in supermarket price cuts

A price war started by Morrisons has dealt a £1.3 billion blow to the value of listed supermarkets. Shares in Morrisons company stock dipped 8pc after the company, which has been enduring hardship, disclosed its intention to slash prices.
In the Media by Nicole Weddington

Rock-bottom rates convert German savers to spending

After diligently setting aside his earnings for years, Sebastian decided last year it was time to splurge.
In the Media by Michelle Martin (Reuters)

Golden years a pipe dream, says HSBC study

A significant percentage of respondents polled in 15 countries expect never to fully retire, according to an HSBC study released on Friday.
In the Media by Gene Kosowan - 1 comment

Op-Ed: Should people be forced to save for retirement?

Ottawa - In Canada, the United States and elsewhere across the globe, the citizenry lives in a society of mandates, force and coercion.
In the Media by Andrew Moran

Argentines protecting savings by buying gold amid 26% inflation

Buenos Aires - Over fears of the astronomical 26 percent inflation rate could hurt their wealth, savers in Argentina are turning to gold as a safe haven. It has been reported that Argentines are buying more gold than ever before.
In the Media by Andrew Moran - 4 comments

Poll: 60% of Canadians plan to save this year, but many will fail

Toronto - A new poll found that Canadians are planning to put money away in their nest egg, but the probability of that taking place is quite low. Most respondents said they will put money into their RRSP, Tax-Free Savings Account (TFSA) or both. Can it be done?
In the Media by Andrew Moran

BMO poll: Canadians saving more for luxury than retirement

A new poll reveals that Canadian households are planning to save more of their hard-earned money this year, but not for retirement.
In the Media by Veronica Silva Cusi - 3 comments

Nearly half in U.S. lack financial safety net

A study released by the Corporation for Enterprise Development finds that almost half of all American households "are living on the edge of financial collapse" due to having little savings to fall back on should they suffer an income-depleting emergency.
In the Media by Kay Mathews - 6 comments

Op-Ed: Just what does a Personal Financial Trainer do and who needs one? Special

Toronto - Just what is a Personal Financial Trainer, who would use or need the services of a Personal Financial Trainer and why is it needed and different from the many financial services available to the masses in 2012?
Digital Journal Report by Elizabeth Parker - 2 comments

26% of Canadians expect bonus, most plan to save or pay off debt

Toronto - Will you be expecting an annual year-end bonus from your company in the coming weeks? A new poll suggests that only a small number of Canadian workers are anticipating a monetary bonus at the end of the year.
In the Media by Andrew Moran

40% of Americans have $500 or less in savings

A recent survey of about 1,100 Americans revealed that around 40 percent of the respondents only have $500 or less in savings.
In the Media by Owen Weldon - 1 comment

One-third of Canadians unprepared for financial downturn: poll

Toronto - If you suffer from a job loss or there is a financial downturn, are you able to survive for three months on your savings? Although many are prepared compared to a year ago, a significant number of Canadians would not be ready to weather a slump.
In the Media by Andrew Moran

Survey: Almost half of Americans do not have emergency savings

New research published today by Bankrate has found almost half of Americans do not have emergency savings to cover three months' worth of expenses. This is three percent higher than last year's figures.
In the Media by Leigh Goessl - 15 comments

1 in 4 people in U.K. using savings to buy food

A new report about to be published by a consumer group in the U.K. indicates 1 in 4 individuals are taking money from their savings to buy food.
In the Media by Leigh Goessl - 2 comments

Study finds Canadians saving less, BoC Governor says debt a risk

Toronto - A new study found out that Canadians are saving less than one year ago, but more than half are maintaining a budget. With reports of increasing household debt, Bank of Canada Governor Mark Carney says that can be a risk to the nation's economy.
In the Media by Andrew Moran

Boomers may be working longer than their parents

Canadian Boomers for the most part won't be retiring as early as their parents, needing the additional wages to survive, according to the findings of Bensimon Byrne's latest Consumerology Report.
In the Media by KJ Mullins - 1 comment

U.S. inflation could hit 20% if China and Japan don't buy debt

A top financial expert shared his concerns with CNBC on the potential impact of American reliance on foreign debt holders, particularly those in Japan and China. U.S. debt liquidation could result in catastrophic inflation, Julian Robertson said.
In the Media by Michael Krebs

Canada Saves More in a Recession than other Nations

In a new international survey among nine countries, Canada is number one when it comes to saving during tough economic times, such as now.
In the Media by Andrew Moran

Larry Haubney, 107, has outlived his savings

Larry "Curly" Haubner of Fredericksburg, Virginia had a problem. The 107-year-old man has lived so long that his savings have been spent. That was bad news when it came to his assisted living facility until strangers saved the day.
In the Media by KJ Mullins

Op-Ed: A Positive Trend Rising Out Of The Fear

A positive trend is imposing itself on the American landscape. The average savings rate, which reached lofty levels of 12% in the ‘70s, dropped to almost zero four years ago and stayed there. In the last quarter of 2008 that trend made a dramatic turn.
In the Media by James Raider

Canadian Finance Minister Announces Tax-Free Savings Account

Canada's Finance Minister announces the availability of the new Tax-Free Savings Account (TFSA) introduced by the Government of Canada in the 2008 Budget.
In the Media by Bob Ewing - 1 comment

Websites Geared To Help Shoppers Find Bargains

With Black Friday fast approaching, we all know that shopping is going to be extremely hectic tomorrow. Some will get their bargains. Or will they? Several websites have appeared, all geared to save money by finding those bargains without leaving home.
In the Media by Debra Myers - 7 comments

Wal-Mart Provides Relief For Those Needing Medication

Wal-Mart has stepped up to the plate in an effort to ease medication costs during a time when the cost of everything else seems to be going through the roof. The announcement on Monday said the company added OTC medications and women's drugs to the plan.
In the Media by Nikki Weingartner - 2 comments

Pensioneer Saves Money For Cruise, Misses Flight, And Cruise Line Keeps Her Money

A 78-year-old pensioner saved her money for a cruise for almost 10 years. But on her way to the cruise, she missed a connecting flight and missed the voyage. However, Princess Cruises kept all her money.
In the Media by Chris V. Thangham - 20 comments

Want to Make a Million? Stop Watching TV

If you stopped watching your television you could save $1 million investing the money you saved. That's what a recent article from TheStreet.com says. Those savings aren't just from not paying that high cable bill either.
In the Media by KJ Mullins

Savings Thrown Out With The Garbage

A Chinese man hides his savings in a kitchen garbage bin to keep burglars from stealing it. He then forgets and sets the garbage out to be picked up for disposal.
In the Media by eeyore - 6 comments

The early onset of Daylight Savings Time in the United States this year may have been for naught

The early onset of Daylight Savings Time in the United States this year may have been for naught.
In the Media by RobotGod - 3 comments

Want to Change the World in 18 Seconds?

Change the bulbs at home with Compact Fluorescent Lamps and save energy costs
In the Media by Chris V. Thangham - 9 comments

Power Saving Tips for Flat Panel TVs

The saying "too good to be true" was invented for a reason, and this applies to plasma TVs and other flat panels. All the performance you get from them has a price, and it's showing up on your power bill.
In the Media by Critical_Conformity - 4 comments
 

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