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Thursday 8 June 2023 Dublin: 15°C

# Savings

This year
2023
# Washington DC
'The banks can't have it both ways': Varadkar says interest rates on savings should increase
The ECB increased its interest rates by 0.5% today.
Last year
2022
# Christmas Spending
One in four people intend to use some form of borrowing to fund Christmas spending
The average consumer expects to spend €1,200 on Christmas, a 20% increase on last year.
# Banking
Mortgage customers 'frustrated' over wait times to switch lenders amid interest rate hikes
There has been a significant increase in applications over the last 12 months, brokers have said.
One customer started his application in July and still has not received a loan offer from the lender he wants to switch his mortgage to, Michelle Hennessy reports.
Brokers have said the exit of Ulster Bank and KBC from the market has left other lenders struggling to keep up with rising demand.
All time
# household savings
Households saved more than €31 billion in 2020, CSO figures show
Savings made during the pandemic have brought the financial net worth of households to an all-time high of €312.8 billion, the CSO said.
Voices
Money Diaries: A public sector manager on €96K grateful for remote working and time with family
This week, our reader is grateful for the ability to work from home and spend more quality time with family.
Voices
Money Diaries: A project manager on €67K living in Wexford in a house she and partner just bought
This week, our reader is busy working from home while renovating a new house with her partner.
Voices
Money Diaries: A warehouse worker on €22K living and working in Dublin
This week, our reader is working late shifts and managing health and wellbeing.
# Banking
'No need to panic': How will the Ulster Bank wind down affect customers?
The bank will be wound down gradually over the next few years.
# Rainy Day
Finance Minister 'looking at ways' to keep money saved by people during pandemic in this country
Paschal Donohoe also stressed the vaccine roll-out as ‘biggest driver’ of Ireland’s economy this year and next.
# policy and economy
Big retailers like Halfords and B&Q fear Brexit will end share schemes for their Irish workers
Industry players say the end of passporting could see Ireland’s save-as-you-earn market ‘wiped out’.
# Tax
PAYE workers could lose out on benefit of tax cuts as Revenue reviews expense flat rate
A number of categories like shop assistants, actors and journalists will have their flat-rate expenses withdrawn from 1 January.
# Savings
Here's what Budget 2019 means for someone earning around €100,000
Changes to the Universal Social Charge and entry point levels mean savings of nearly €300.
# Savings
Here's what Budget 2018 means for someone earning around €100,000
Changes to the USC and the entry point level mean savings of at least €328 for these workers next year.
# beauty bargains
7 fancy foundation dupes you can get in Boots for under €20
Save those pennies.
# Limerick
Man accused of abducting, and stealing savings from, his own elderly father granted bail
Accused James O’Connor is charged with abduction and is also alleged to have stolen over €8,000 of his father’s pension and credit union savings.
# sponsored by electric ireland
QUIZ: Are You A Saver Or A Spender?
There are two kinds of people in the world.
# sponsored by electric ireland
Want to be happier? Try saving more money
Spending helps too (but you’ll need to save first).
# premiums
Motorists paying an extra €250 per year over spiralling insurance costs
Insurance premiums are wiping out any savings motorists are making from low fuel prices.
# big spenders
Parents splash out €836 on their child's First Communion, while kids rake in over €500
Some children are making more than €800.
# sponsored by Consumer Help
Is your money going up in smoke? Here’s how you could save on your mortgage
It’s worth taking a look…
# sponsored by bonkers.ie
QUIZ: Are You A Saver Or A Splurger?
All about the money, money, money…
# sponsored by Rabo
Open thread: What are your goals for 2016?
We took to the streets of Dublin city to find out if people have good intentions for 2016 – and if they’ve been sticking to them so far.
# sponsored by rabodirect
QUIZ: How Financially Fit Are You?
It’s time to take the Financial Bleep Test.
# sponsored by kbc
7 tips to get the best deals this Black Friday
Are you prepared?
Voices
Do you know how you're going to afford to send your kids to college? You could sacrifice your daily coffee
How do you plan to pay for the education costs for your little ones? It’s time to start planning now, writes Eamon Dwyer.
# Money Money Money
A look inside Mondo, a bank that's just an app
Would you be willing to use it?
# Your Say
Poll: Are you saving for your pension?
A majority of people don’t understand their pension, according to new research.
# Savings
GAA to save Mayo €200k a year as they take over MacHale Park redevelopment
The move could save the county board millions.
# Look after the pennies
This startup wants to help you find the cheapest phone deal possible
After working on it as a hobby for a year and a half, the team behind KillBiller made the jump into full-time and have some ambitious plans for 2015.
# running away money
Some Irish people still have secret bank accounts their partners don't know about
A few people admitted to having a secret bank account.
# Expenses
Here's where Government saved almost €2 million last year
… but millions were still spent.
# Going Down
Oil prices tumbled AGAIN today – to the lowest level in six years
Are you seeing the benefit at the petrol stations?
# Savings
How much were fraudulent Child Benefit claims costing the country?
Around €130 million in the last two years.
# Bang it in the Credit Union
The Central Bank wants to limit how much you can save in a credit union
If you have over €50,000 in savings, that is.
# less debt
Household debts going down, savings up (slightly)
Irish families now owe a combined €94.5 billion… and falling.
# budget 2015
Let's bring in tax cuts worth €400 million, says business group
The ‘fear factor’ that that has long gripped consumers is now easing, says IBEC. The business group says the time is right to bring in a raft of tax cuts.
# payslip
Poll: Would you like to see income tax or the USC cut in the next Budget?
Which cut would be more beneficial for you?
# Money Money Money
We're saving more - but say the government isn't encouraging us
The proportion of people saving regularly increased to 41% from 35% last month, says the Savings Index.
# public purse
Do you have any ideas on how the Government should spend its money?
Howlin wants to hear from you.
# possible disruptions ahead
Industrial action threatened as Irish Rail plans to go ahead with pay cuts
The Transport Minister encouraged all employees to “reflect very carefully on the implications if Irish Rail is unable to secure its viability”.