We have become more familiar with the concept of shopping/spending addiction, as phrases like shopaholic have become common parlance, and the concept of retail therapy is generally accepted as legitimate. In its more literal manifestation spending addiction can be considered an impulsive/compulsive pathology characterised by excessive, impulsive/compulsive, uncontrollable consumption. It can be classed as part of the broader family of addiction and process addictions and other disorders like gambling, alcoholism and disordered eating. Shopping Addicts There is recent evidence that spending addiction does give the addicts highs and lows, and a similar and increasing sense of powerlessness over their own behaviour…
Author: News Team
Research shows that Pallinghurst Resources Ltd, the private equity firm started up by the former boss of BHP Billiton Brain Gilbertson, has palmed off Fabergé by selling it for $142 million in shares to its own London AIM listed gemstone miner Gemfields plc (LON: GEM). This when Faberge had already clocked a $58 million loss over 4 years from 2009 to 2012, thus severely hurting minority public shareholder interests. Palinghurst, listed on the Johannesburg Stock Exchange, is the investment vehicle set up and run by Brian Gilbertson, the savvy South African who master-minded the creation of the world’s largest mining…
The death of a loved one is a traumatic and devastating experience for anyone, but it seems like the cost of planning and arranging funeral is becoming just as stressful. According to new research by OneFamily, the average price of a cremation in 2017 is £3,894; a 33% increase from £2,896 just five years ago in 2012. The cost of a burial has also increased by 26% to £5,446. To give a comparison, the price of inflation within the same period was just 11%. The research found that the heftiest costs come in the form of funeral director fees, professional…
Considering the majority of us are concerned about the security verification steps that our finances have, a shocking amount of Brits are still stashing their cash in a place where they’re the sole security controller… Their home. According to a new survey conducted by Portafina, 77% of people in the UK still proactively store an average amount of £110 in their home, with almost one in 10 stashing more than £200. Perhaps due to an increase in online banking hacking and/or fraud cases, the research also found that the average person is now carrying just £28 on their person. Men…
Even though us Brits love nothing more than getting glammed-up for the wedding of our friends and family, we’re spending over the odds to attend them. According to new research, the average Brit spends £256 to attend somebody else’s wedding. Included in the sum is the average price of a gift (£89), a new outfit (£64), a hotel for the night (£58) and travel to and from the wedding venue (£48). The amount we spent was found to increase with age as those aged 55 or over spending an average of £369 per wedding compared to £180 from those aged…
Whilst our money-saving habits often have an end goal of securing the deposit for a house or purchasing a new car, it seems like for us Brits, that time in which they put their savings to good use is getting further away. According to a recent survey by BankingRefunds.co.uk, 40% of Brits admitted to dipping into their savings as a result of overspending before payday. Women were found to be the worst saving-dippers with 41% being dependent on their savings compared to 39% of men. However, the survey revealed that males were worse for ignoring bills with a massive 81%…
As Brits, we’re a money-conscious bunch. We’d do anything to protect our hard-earned cash, but the results from a recent survey may surprise you. According to a report by Equifax, 60% of 2,059 consumers surveyed in Britain say that they want at least three security steps before accessing their finances – whether online or at a branch. Passwords, letters from their own memorable information and card readers are a selection of those personal bankers wish they had to ensure that their banking details are secure and inaccessible to other, unwanted people. Conducted by YouGov, the survey found that 21% of…
When it comes to shopping online, us Brits are known for our love of avoiding the high street and hitting the internet, instead. However, you might be stunned to realise collectively, how much we spend online each year. According to new research from The UK Cards Association, internet shopping has seen a boost of almost 25% since 2014, with the numbers expected to grow even further in years to come. £154 billion was the overall total that we spent online in 2016. From holidays and clothes to new cars; you’ll struggle to find any item that you can’t purchase on…
Whilst working from the comfort of your own home sounds like a dream come true for office workers, it seems like it’s not all that it’s cracked up to be. Long-gone are the days of sitting by a laptop whilst trashy TV plays in the background; welcome to the days where internet issues wreak havoc on your working schedule. According to a recent survey, 25% of employees had experienced issues with their at-home telecoms service, which equates to a massive 4 million workers being prevented from working when taking into account that 43% of employees current do such form of…
For many of us at working age, we look forward to retirement. The pension that we’re saving towards can seem long-off when you begin saving, yet people who have recently retired thought that they made the choice too early in life. According to a recent survey by SunLife, 85% of retired people admitted to wanting to retire later in their working life, with the regret level increasing with age. People who were semi-retired were found to wish that they retired two and a half years later, whereas those over the age of 70 think they made the choice three years…
