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The Money section of Finance Monthly is your comprehensive guide to all things finance, from managing debt to smart investing. This section offers a wealth of resources for individuals seeking to enhance their financial literacy and take control of their finances. Written by experienced contributors, these pieces are designed to help you make informed decisions, maximize your financial resources, and navigate the complexities of the financial world with confidence.

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Warning to Bank Account Holders: Beware of Money Mule Scams

14th November 2024
Warning to Bank Account Holders: Beware of Money Mule Scams Young people across the UK are being warned about the dangers of “money muling,” a scam where criminals use individuals, often unknowingly, to transfer illicit funds through their bank accounts. Although these schemes may seem harmless or even enticing to some young people, money muling […]
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Households Could Save Up to £1,500 a Year with Council Tax Reduction—Check If You’re Eligible

14th November 2024
Households Could Save Up to £1,500 a Year with Council Tax Reduction—Check If You’re Eligible UK households are being urged to check their council tax status, as many could be missing out on valuable reductions worth up to £1,500 per year. With a range of discounts and exemptions available, a quick review could uncover significant […]
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Science-Backed Ways to Spend Money for Greater Happiness

14th November 2024
Science-Backed Ways to Spend Money for Greater Happiness Ten years ago, I stumbled upon minimalism. Embracing a lifestyle centered around owning fewer things has transformed my life in numerous ways. Unsurprisingly, one of the most significant changes has been my perspective on spending money. Releasing ourselves from the burden of excess belongings allows us to […]
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How To File Bankruptcy With No Money

14th November 2024
Filing for bankruptcy can seem overwhelming, especially when finances are tight. There are ways to tackle the process even if funds are limited, ensuring individuals access the protection they need. This guide explores the steps necessary to file for bankruptcy without incurring additional financial strain. Filing for bankruptcy can be a daunting task, especially when […]
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Nearly 5,000 Savers Now ‘Isa Millionaires’ Amid Growing Wealth

14th November 2024
Nearly 5,000 Savers Now ‘Isa Millionaires’ Amid Growing Wealth According to recent HMRC data, nearly 5,000 savers in the UK have reached ‘Isa millionaire’ status, amassing tax-efficient savings pots of over £1 million. The number of savers achieving this milestone rose sharply from 4,070 in 2021 to 4,850 by the end of the financial year […]
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Pension ‘Megafunds’ to Supercharge UK Economy in Major Reform Push

14th November 2024
Pension ‘Megafunds’ to Supercharge UK Economy in Major Reform Push In an ambitious bid to overhaul the nation’s pension landscape, Chancellor Rachel Reeves has unveiled plans for what she’s calling the “biggest pension reform in decades.” The government aims to consolidate the UK's 86 council pension schemes into a smaller number of "pension megafunds," modeled […]
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2024 Autumn Budget: How Capital Gains Hikes Could Affect You

12th November 2024
Labour’s first Budget for 14 years has brought a series of sweeping changes to taxation that’s sure to directly or indirectly impact the pockets of residents throughout the United Kingdom. For investors up and down the country, a revamp of Capital Gains Tax (CGT) is likely to be the biggest headline from the event.  Chancellor […]
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Rising Costs, Shrinking Savings: What Social Security Changes Mean for You

10th November 2024
Rising Costs, Shrinking Savings: What Social Security Changes Mean for You As prices soar and savings dwindle, more Americans are leaning heavily on Social Security to make ends meet. With inflation driving up the cost of everything from food to housing, many find that their Social Security checks aren’t stretching as far as they used […]
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Financial Planning Amidst Inflation and Economic Uncertainty: Early Retirement Strategies in Today’s Economy

9th November 2024
Financial Planning Amidst Inflation and Economic Uncertainty: Early Retirement Strategies in Today’s Economy In an economic environment marked by rising inflation and pervasive uncertainty, the quest for financial independence and early retirement has become both more challenging and more urgent. As the cost of living surges and economic forecasts remain volatile, individuals who aspire to […]
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Massive NIC Hike Threatens Higher Consumer Prices: Retail and Hospitality Brace for Impact

7th November 2024
In the recent Autumn Budget, Chancellor Rachel Reeves announced a significant increase in employer National Insurance Contributions (NICs), raising the rate from 13.8% to 15% and lowering the threshold at which employers start paying NICs from £9,100 to £5,000 per year. Set to take effect from April 2025, this dramatic NIC increase is expected to […]
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Understanding UK Return Laws for Sale Items: Your Consumer Rights Explained

5th November 2024
Shopping for sale items, especially during major events like Black Friday, can be thrilling, but it’s crucial to understand your rights when it comes to returns and refunds. UK laws provide strong protections for consumers, even when buying discounted goods. Here’s what you need to know about your rights and how to handle returns for […]
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The Financial Benefits of Relocating for Work: Is It Worth the Move?

5th November 2024
Relocating for work can be a life-changing decision that comes with substantial financial implications. Moving to a new city or state for a job often means a fresh start and new opportunities, but there are financial benefits and hidden costs to be considered before taking the leap. With careful planning, relocation could mean higher earnings […]
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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.

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