Plus: 'If Corbyn gets in, we're sending our money to Switzerland'
| Wednesday, November 13, 2019 |
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Telegraph Money | | The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips. |
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The Telegraph take | | By Marianna Hunt Personal finance reporter |
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| The Bank of Mum and Dad is feeling the pinch. From raiding their pension pots to delaying retirement, many parents are making big sacrifices to help their children fly the nest.
But does it have to be this way? True, things are tough for millennials wanting to buy a home today: high deposit requirements have pushed the average age of a first-time buyer up to 33, according to the latest English Housing Survey.
But some enterprising young people are bucking this trend and managing to get on the ladder more than 10 years earlier than most their age. In our new series, 'How I bought my first home – without help from the Bank of Mum and Dad', we meet these twentysomethings to find out how they did it and how you, or your children, can too.
Print out the article, forward this email, send the link: it could be just the nudge your child needs to inspire them to become a super-saver or first-time investor in order to motor their way into their first home.
Speaking of saving for a first home without the help of your parents, read my latest installment of Millennial Investor, my quest to invest my way onto the property ladder. This week I've been looking at the best way to get a slice of the Amazons and Netflixs of tomorrow – for a fraction of the price.
Excitingly, to celebrate the Telegraph website's 25th birthday, we have lifted our paywall for 25 hours. Until 7am tomorrow you can read almost everything on our website for free – and get a half-price subscription for six months. |
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Katie Morley investigates |
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You have the last word... |
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| Peter Bradshaw says of Moral Money: 'Should we financially support our son while he volunteers for the Labour Party?': "Much, much better that your son is out in the real world, working towards what he sees as improving society, than staying at home watching TV, playing video games and using social media. Be happy that he is engaging with society while disagreeing with his political leanings in a good-natured manner, such as giving him a friendly reminder that not all socialists are lucky enough to have hardworking Conservative parents who are willing to finance their political activities."
Steam Buff says of ‘Selfish twentysomethings stole our train seats so we pensioners were forced to stand’: "Reservations aren't legally enforceable so it's not a police matter. The idea of holding the train until the passengers vacate the seats beggars belief, can you imagine the uproar as hundreds of thousands of passengers reach their destinations hours late as the network grinds to a halt? The villains are the train companies who make money selling reservations they know they can't enforce on trains with not enough seats to start with."
Jess Jones says of The evidence that shows why new drivers shouldn't bother with 'Pass Plus': "Why the concern over the possible savings in insurance cost while completely ignoring the fact that the course helps new drivers understand they will need to continue to learn and in particular get some lessons on a motorway? How many accidents and even lives might the course have saved?" |
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| Contact us: to pose a question to our team of expert reporters, email [email protected]. If you'd like a free financial plan, email [email protected] with the subject 'Give me a Money Makeover'.
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