I was recently offered the chance to review the Simba Hybrid Mattress Topper (see cover photo). This is a premium mattress topper from the well-known Simba sleep brand.
I must admit, incidentally, I hadn’t realised the variety of sleep products Simba offer. I knew about their mattresses, of course, but wasn’t aware they also sell quilts, pillows, mattress toppers, and so on.
I currently sleep on a Slumberland king-sized mattress which – despite being barely three years old – is starting to sag. My sleep quality had deteriorated and I was waking up with an aching back and hips. Not good at all đ So when I got the opportunity to test out Simba’s hybrid mattress topper, naturally I leapt at it.
I have tried mattress toppers before, and in fact got a cheap one from Amazon prior to receiving the Simba product. It helped a little but clearly wasn’t going to be the solution for me.
The Simba hybrid mattress topper takes sleep comfort to a whole new level. For starters, it’s deeper and heavier than my previous mattress topper. It came rolled up in a (very) large cardboard box. I wrestled it upstairs and opened it without any help (nobody else being around at the time) but ideally I’d say this is a two-person job.
The mattress topper comes tightly wrapped in a clear plastic bag. Once I removed it from this, it lay flat on the bed without curling. Unlike some sleep products I have ordered in the past, you don’t have to wait for it to expand to its full depth.
From the first night onward I was hugely impressed with the Simba hybrid mattress topper. It is no exaggeration to say that it felt as though I was sleeping on a brand new mattress. It is smooth, cool and comfortable to lie on and (for me anyway) offers just the right medium-to-firm level of support. I am sleeping deeper and longer before waking, and the aches and pains in my back and hips are a thing of the past.
I thought it might be useful to reproduce here the diagram from the Simba web page showing how their hybrid mattress topper is constructed and the different layers it contains…
As you can see, the Simba hybrid mattress topper includes a number of different layers (hence the ‘hybrid’ in the name, I assume). You can read more about this on the Simba web page, but briefly at the top there is a soft, breathable sleep surface, with a foam comfort layer under that. In the middle is a spring support layer (just like in a mattress), with a high-density foam base below that. This is very different from most cheap mattress toppers, which are basically just quilts with a cotton/polyester filling.
Obviously because of its layered structure, you can’t turn the Simba hybrid mattress topper over. You can rotate it from end to end though, and it’s probably a good idea to do so occasionally to even out wear. No instructions are provided about this, however, so that’s purely a suggestion, based on my previous experience with mattresses.
Are there any drawbacks to the Simba hybrid mattress topper? Well, I did notice a slight ‘chemical’ smell which took a few days to disperse. It didn’t bother me, but ideally you might want to let your new mattress topper air for a day or two before starting to use it. I’m afraid I was too impatient to wait, though!
In addition, as this mattress topper contains springs, I wouldn’t recommend trying to wash it (it wouldn’t fit in a standard washing machine anyway!). It does though come with a removable, washable cover. Essentially, you need to treat this product as if it was a mini-mattress in its own right. That isn’t really a drawback to the Simba hybrid mattress topper, just a feature of it.
Overall, I am happy to give the Simba hybrid mattress topper my highest personal recommendation. If – like me – you have an old mattress that is starting to sag, it should prolong its useful life. Also, if you have a mattress that is too hard, it should make it softer and more comfortable for you. It’s not cheap (at the time of writing ÂŁ219 for the single version or ÂŁ329 for the king-size I received) – but, as so often in life, you get what you pay for. Easy payment by interest-free instalments (up to 12 months) is also available subject to status.
I should add as well that delivery is free and fast: next working day if you order before 2 pm or two working days if you order after 2 pm. There is also a range of options for buying a Simba double topper.
Many thanks again to my friends at Simba for allowing me to try out their hybrid mattress topper. If you have any comments or questions about this post, as ever, please do post them below as usual.
Disclosure: This is a sponsored post (gifted product).
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Mother’s Day is coming, so hereâs a chance to make it extra special for one lucky winner!
Iâve joined forces with some of my fellow UK bloggers in this giveaway with multiple prizes. Entering the giveaway is free of charge and full instructions can be found below.
There are multiple ways to enter, and the more you do, the better your chances of winning. But note that where an entry requires following a social media account, you will need to continue following this account until the winner has been drawn on Sunday 10th March 2024 (Mother’s Day). Before the winner is announced the organisers will check that they are still following the account in question. If not, they will be disqualified and another winner drawn.
This giveaway has been organised by my fellow blogger Rowena Becker, who blogs at My Balancing Act. Please check out her blog and those of the other talented bloggers taking part (listed below). And read on for full details from Rowena of all the prizes on offer and how you could win this great prize bundle!
Welcome to the ultimate Mother’s Day Giveaway and Gift Guide! This is brought to you by a collaboration of some of the UK’s leading bloggers.
We understand that finding the perfect gift to express gratitude and love for the special women in our lives can be a daunting task. That’s why we’ve come together to curate an exceptional selection of prizes that are sure to delight any mother.
This guide not only aims to make your gift shopping easier but also adds an exciting twist with a giveaway that could win you these wonderful items.
Join us in celebrating motherhood this year by taking part in this fantastic opportunity to spoil your mum – or yourself! Show her just how much she means to you â¤
Meet the Bloggers
In order to be able to bring you this incredible giveaway, some of the UKâs top bloggers got together. A massive thank you to our bloggers! The bloggers taking part are:
Art File Jungle Animals 1000 Piece Jigsaw Puzzle from Gibsons Games
Delight in the vibrant Art File Jungle Animals 1000 Piece Jigsaw Puzzle. A tribute to the diverse beauty of our planet’s wildlife. Crafted with precision and creativity by an award-winning designer from The Art File, this puzzle captures the essence of nature’s splendour. As a joint venture between Gibsons Games and The Art File, two renowned British family businesses, this jigsaw puzzle represents their shared commitment to quality and innovation.
Each of the 1000 pieces contributes to a stunning visual experience, making it not just a puzzle but a piece of art. This makes it an excellent gift for mums who appreciate both the challenge of a jigsaw and the aesthetics of fine art. Plus, it’s part of our exciting prize bundle â a perfect blend of challenge, relaxation, and artistic appreciation.
Liquid Silk Perfect Cleansing Oil (100ml) from DJUSIE
Introducing Liquid Silk Cleansing Oil, the ultimate cleansing oil that will leave your skin feeling smooth and rejuvenated. Designed for all skin types and ages, this luxurious oil delivers a refreshing clean to both oily and dry skin, leaving it perfectly balanced and radiant. Not only is it functional. It also provides a luscious sensory experience with its effortless formula to even remove waterproof makeup.
The refreshing and uplifting scent of lime, red grapefruit, jasmine, and geranium creates a fruity and nuanced aroma that will invigorate your senses. This luxurious blend not only nourishes your skin but also has a positive impact on your mood. The application process is simple. Massage a few drops onto dry skin in circular motions to dissolve impurities and makeup. Then rinse with water. Your mum will be left with soft, supple, and glowing skin that she’ll love. We have one to giveaway to our lucky prize winner!
Pure Shea Butter (180ml) from Aviela
Next up on our pamper list is the 100% pure, highest grade unrefined Shea butter. The perfect choice of gift to show our appreciation and love for the incredible mothers or women in our lives. Packed with essential fatty acids, vitamins A and E, with natural soothing properties, the Shea butter deeply hydrates and nourishes the skin. It quickly absorbs into the skin, leaving it supple and glowing while also creating a protective barrier to prevent moisture loss. This makes it an ideal addition to any skincare routine for all skin types.
The luxurious butter, suitable for use from hair to toe, offers exceptional hydration, outstanding nourishment, and remarkable skin-softening effects for all skin types. It’s particularly effective in combating dryness and soothing irritated skin. As part of our Mother’s Day giveaway, we’re excited to offer one lucky winner the chance to experience these benefits firsthand. Don’t miss out on your opportunity to win this sumptuous treat for your skin!
TIMELESS RENEWAL BIO-RETINOL BODY OIL (100ml) from Evolve Organic Beauty
Evolve Organic Beauty’s latest addition to the age-defying product line, this divinely scented firming body oil is a treat for all skin types, including dry ones. The blend of Retinol analogue Bidens Pilosa, Hyaluronic Acid, Organic Macadamia Oil, and Apricot oils work in harmony to nourish, firm, rejuvenate and smooth your skin while also improving its elasticity and locking in hydration for a youthful glow.
Infused with the organic essential oils of Rose Geranium, Ylang Ylang and Mandarin, the timeless renewal bio-retinol body oil not only pampers your skin but also delights your senses. This Mother’s Day, consider gifting this luxurious body oil to the most important woman in your life. It’s a thoughtful gift that shows you care about her well-being and is part of our Mother’s Day prize bundle. This product is more than just skincare. It’s a chance for her to indulge in a moment of self-care, making it the perfect gift for any occasion.
Paradise Luxury Gloss (Colour: Spell) from Doll Smash Cosmetics
Presenting the Paradise Luxury Gloss from Doll Smash Cosmetics. A luxe lip enhancer that promises brilliant shine, a smooth look, and a luscious feel. This high-quality gloss is designed to elevate your lips while diminishing any imperfections. Its unique formula is far from the sticky or tacky feel of traditional lip glosses. Instead offering a soft, creamy texture that leaves your lips feeling deliciously smooth. The immediate, radiant shine it delivers makes it an instant favourite.
As part of our prize bundle, this gloss makes an excellent gift for mums who appreciate a touch of luxury in their makeup routine. It’s more than just a gloss – it’s a ticket to a pampering experience that every mum deserves.
ÂŁ50 Amazon Voucher from Make Money Without A Job
Make Money Without A Job is donating a ÂŁ50 Amazon Voucher to our lucky winner! Check out Make Money Without A Job if you’re looking for ways to earn extra money. Because Make Money Without A Job does exactly what it says. There are over 3,000 articles about making money from side hustles and starting your own business. Whether you want to make ÂŁ100 a month or ÂŁ5,000 a month there are ideas for everyone!
Whatâs more, thereâs a free daily draw to win ÂŁ10, and if it isnât claimed, the prize rolls over. Theyâve given away multiple prizes over ÂŁ100 to lucky winners. Check out the draw at www.makemoneywithoutajob.com/draw
How to Enter
You can enter the Giveaway by completing as many Rafflecopter widget entry options below as you like. All entries will be collected, and one winner will be randomly chosen via Rafflecopter. Good luck!
The giveaway will run from 8 pm 3rd March 2024 to 8 pm 10th March 2024.
The winners will be notified by email from rowena@mybalancingact.co.uk
The winner will have 7 days to respond after which time we reserve the right to select an alternative winner.
This prize draw is in no way sponsored, endorsed or administered by, or associated with, Facebook, Instagram, X, YouTube, BlogLovin or Pinterest or any other social media platform.
Prize open to over 18s only. Age verification may be required to receive some prizes.
Some or all of the prizes may take a few weeks to arrive.
If any prizes are out of stock then we will do our best to find a suitable replacement but cannot guarantee it.
Anyone who unfollows before the giveaway ends or doesnât complete the required entry action will be disqualified.
The prize is non-transferable, non-refundable and cannot be exchanged for monetary value.
We may be using a parcel service or Royal Mail for some of the prizes and their standard compensation will apply in the event of loss or damage.
Some items may be sent directly by the supplier and we do not have responsibility if these go missing and we cannot replace these.
In the unlikely event one of the companies withdraws a prize, we cannot offer an alternative.
The winnerâs name will be stated on some or all of our bloggers’ websites and announced on Twitter and other social media channels. It will also be displayed on the Rafflecopter entry form. By entering this prize draw, you give your permission for this.
Please note the winner may have the same name as you so if you see your name displayed, be aware that you are not the winner unless you have been notified by us.
There may be some delays in receiving prizes.
Good luck, and I hope a Pounds and Sense reader wins this wonderful prize bundle!
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A recent study conducted by Smart Money People reveals that one in ten people in a serious relationship, including marriage, civil partnerships, or cohabitation, maintain a secret savings account.
The research for the study was undertaken by Opinium on behalf of Smart Money People from 12 to 16 January 2024 among 2,000 UK adults aged 18 and over.
The SMP study highlights the prevalence of this practice among those in their 30s, with 30% acknowledging having such an account. Additionally, women are reported to be more likely than men to save secretly, indicating potential gender-related financial dynamics within relationships.
The reasons for maintaining a secret savings account vary, with the most common explanations being that individuals already had the account before entering the relationship (38%) or the desire to maintain financial independence (37%). However, a surprising 22% of respondents with a secret savings account admit to using it as an emergency break-up fund, anticipating potential costs associated with leaving a relationship, such as moving expenses or repurchasing shared assets like a car.
Interestingly, over half (51%) of those with a break-up fund also have a joint savings account with someone other than their partner, introducing an additional layer of complexity to the financial dynamics within relationships.
The study sheds light on the impact of financial matters on relationship stability, revealing that 18% of adults believe a lack of financial compatibility has contributed to a break-up in the past. The biggest savings-related causes of friction for those currently in a relationship are having different opinions on savings habits or when itâs okay to use savings (28%). This underscores the importance of aligning financial goals and strategies within a relationship.
Financial compatibility is considered crucial by 95% of couples living together, emphasizing the significance of shared financial values. Despite this, 10% of individuals still maintain secret savings accounts, illustrating a potential disparity between stated beliefs and actual financial behaviour.
The study indicates that half of people in relationships do not save the same amount of money as their partner, primarily due to unequal earnings (65%). An additional one-third attribute the difference in savings to disparate spending habits, with 40% of these individuals maintaining secret savings accounts.
In terms of relationship longevity, the research suggests that couples with joint savings accounts feel more financially compatible (90%) compared to those without. The data encourages open and honest discussions about money within relationships, emphasizing the importance of navigating financial decisions together.
Commenting on the findings, Jacqueline Dewey, CEO of Smart Money People, said, âMany people may already have methods of saving that work well for them prior to a new relationship, so although long-term partnerships bring about new joint financial goals, this shouldnât negate any personal goals for each individual.
âHaving different outlooks and opinions on savings isnât necessarily a deal-breaker, but finding the most suitable ways to manage this is important.â
In summary, the SMP study highlights the complexities of financial dynamics within relationships, emphasizing the need for open communication, shared financial goals and mutual understanding, in order to maintain a healthy and long-lasting partnership.
Let me tell you about my dad. He was a kind, thoughtful man and I learned many important things from him. But money was, sadly, never his strong point.
Hereâs an example. Quite a few years ago a family member persuaded him to invest all his spare cash in a media services business a friend of a friend was setting up.
I didnât hear about this till after the investment had been made. But even though I was much younger then, I could still see it was insanely risky.Â
It was a new business with no track record. And Dad knew nothing whatsoever about the media – he was a carpet-fitter turned hydraulic machinery salesman. And perhaps sensing that his wife (my stepmother) would disapprove, he didnât actually bother to tell her about it.
For the next year or so, any time my partner Jayne and I went to visit, Dad would find an opportunity to take us aside at some point to give us an update. Inevitably this would begin with a conspiratorial, âDonât tell Shirley, butâŚâ
At first the news seemed encouraging, but soon it became clear the business was going south and Dadâs money was going with it. Iâll never know the full story, but it seemed to me he was badly advised (to put it kindly) by the relative concerned and quite probably cheated by the main shareholder, though it was all technically within the law.Â
Eventually he had to confess to my stepmother that he had lost most of their life savings. This inevitably caused a rift between them and had further ramifications that continued for the rest of their lives.
This whole incident was, of course, deeply traumatic for the whole family. The one good thing it taught me was the folly of putting all your eggs in one basket when investing.Â
I vowed I would never make that mistake with my own investments and have therefore always aimed to diversify as widely as possible. To date that principle has served me well.
How to Diversify
There is no one single recipe for successfully diversifying your investments, but here are some guidelines I have tried to follow myself.
Donât even think about investing until you have paid off any interest-charging debts. You should also have at least three monthsâ of income in easily accessible form in case of sudden, unexpected emergencies. An instant access cash ISA (see below) might fit the bill.
Donât invest more than a small proportion of your portfolio in single company shares. You will get much better diversification by investing in a fund that includes a broad range of shares and other investment products.
Aim to invest not only across different companies but different countries, sectors, industries, and so on. A well-diversified global fund can do this for you.
Make full use of your tax-free ISA allowance. This is currently a generous ÂŁ20,000 a year. Investing via a reputable stocks and shares ISA can save you thousands of pounds in tax.Â
For further diversification you might also consider investing a small amount in an Innovative Finance ISA. IFISAs let you invest in peer-to-peer lending. While riskier than bank savings, the potential returns from this are also better. Each year you are allowed to invest in one IFISA as well as one stocks and shares ISA and one cash ISA, as long as you keep within the annual ÂŁ20,000 limit. [Note: the rule about only investing in one of each type of ISA per year is being abolished from the start of the 2024/25 financial year.]
With a well-diversified portfolio, you greatly improve the chances that if one or more of your investments fails to perform, others will compensate. And whatever happens in the world, your overall investment pot will hopefully build over the years into a substantial sum.
Whatever you do, though, pleasedonât make my dadâs mistake and put all your money into a single business (or other investment), especially if itâs one you donât understand. That really is the fast track to a financial meltdown!
Disclaimer: I am not a qualified financial adviser and nothing in this post should be construed as personal financial advice. All investment carries a risk of loss. You should always do your own âdue diligenceâ before investing and consult a professional financial adviser if in any doubt how best to proceed.
This is an updated version of an article originally published on the Mouthy Money website.
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Christmas is coming, so hereâs a chance to make it extra special for one lucky winner! Iâve joined forces with some of my fellow UK bloggers in this festive giveaway with prizes valued at over £700 in total.Â
Entering the giveaway is free of charge and full instructions can be found below. There are multiple ways to enter, and the more you do, the better your chances of winning.
But note that where an entry requires following a social media account, you will need to continue following this account until the winner has been drawn on 19 December 2023. Before the winner is announced the organisers will check that they are still following the account in question. If not, they will be disqualified and another winner drawn.
This giveaway has been organised by my fellow blogger Rowena Becker, who blogs at My Balancing Act. Please check out her blog and those of the other talented bloggers taking part (listed below). And read on for full details from Rowena of all the prizes on offer and how you could win this mammoth bundle!
The Great Bloggers Holiday Giveaway and Gift Guide
We are back for another Christmas Holiday Giveaway and Gift Guide! Some of the UK’s top bloggers have united to bring you the most incredible holiday bundle of prizes.
Last yearâs giveaway proved to be very popular and this year is just as exciting, with so many prizes for one lucky winner to make their family’s Christmas dreams come true. In fact, we have hundreds of pounds worth of holiday goodies and gifts!
The Bloggers
In order to be able to bring you this incredible giveaway, some of the UKâs top bloggers got together and contributed. A massive thank-you to them all! The bloggers taking part are:
Lenovo ThinkPad X13 Gen 1 i5-10210U [Quad] 1.60GHz 13.3″ FHD IPS TOUCH HDMI USB-C 16GB DDR4 256GB NVMe from Tier1
You have a chance to win the powerful Lenovo ThinkPad X13 Gen 1, featuring an i5-10210U [Quad] 1.60GHz processor, a stunning 13.3″ FHD IPS TOUCH screen, HDMI and USB-C ports, a whopping 16GB DDR4 RAM, and a speedy 256GB NVMe storage. This premium laptop is all you need for your work or play!
This prize is brought to you by Tier1, your destination for affordable and eco-friendly tech gifts. Why are Tier1 gifts perfect for Christmas? It’s simple – they’re good for your pocket and good for our planet. With Tier1, you get top-notch tech without breaking the bank, contributing to a more sustainable future. Their products are professionally refurbished, assuring quality and reliability while reducing electronic waste. So if you thought you couldn’t afford to buy tech gifts for your loved ones, head on over to Tier1 for affordable gifts with the wow factor to make your holidays bright and green!
Hairy Biker’s Family-Sized Soup Maker
Get ready for a festive feast with our Christmas Giveaway! Enter now for a chance to win the Hairy Biker’s 1.6L Family Sized Soup Maker with Integrated Scales. This 1000W powerhouse is all you need to whip up delicious, heartwarming soups this holiday season.
Why is this soup maker a must-have in your kitchen? It’s not just about the delicious soups you can create. It’s also about saving time and money. With its integrated scales, you can easily measure ingredients directly into the soup maker – no need for extra dishes. Plus, it cooks up soups quickly and efficiently, giving you more time to enjoy with your loved ones. But that’s not all. Making homemade soup means you control what goes in, helping you avoid the high salt and sugar content often found in canned soups. You can use up leftovers, reducing waste and saving money.
So don’t miss out on this opportunity to make your Christmas cooking easier and healthier. Enter our Christmas Giveaway today and bring home the Hairy Biker’s 1.6L Family Sized Soup Maker as part of your prize!
Life Coaching Sessions Worth ÂŁ200!
Start the New Year on a high with two life coaching sessions from Lauren Jane Coaching. Lauren helps women invest in themselves, find clarity and balance in their lives, and be at ease with themselves at home and in their careers. She coaches from the inside and allows her clients the space to get truly honest with themselves, helping them to hit the pause button, get more clarity in their lives, move forward with purpose â and feel really good about it! What better way to start 2024?!
Being stressed out, overwhelmed, out of balance, anxious or stuck in any area of your personal, business, or career world can make life feel like hard work, especially following the busy holiday season! Lauren is offering two free sessions to help our winner build on their inner belief, confidence and sense of self-worth until they shift and tune into a new perspective for themselves and their life.
Liiton The Peaks Whiskey Glasses
When you join our special Christmas Giveaway, you will have a chance to win an elegant Set of 4 Liiton The Peaks Whiskey Glasses. This is an incredible gift that’s perfect for the festive season.
The Peaks Whiskey Glasses Set is a dream come true for any whiskey lover. Each glass is crafted using X1 Crystalline and features a true precision glass sculpture of iconic mountains Denali, Mont Blanc, K2 and Mt. Fuji. Weighing in at 1lb each, the glasses have the Patented Chill-Charge System⢠which chills down your drink in just 18 seconds. They not only look stunning, but if you swirl the spirits gently around the faces of the Peaks, you will unlock the beautiful whiskey aromas.
This set of 4 glasses ensures you’re always ready to share a toast with friends or family during the holiday season. Made from high-quality materials, these glasses are durable and beautifully crafted, making them a standout addition to any home bar or drinkware collection.
FinaMill
Join our exciting Christmas Giveaway and stand a chance to win a FinaMill! This unique gift is an excellent addition to any kitchen, especially during the festive season.
A FinaMill is more than just a kitchen tool. It’s a game-changer for any home cook or chef. With a Sleek, minimalist design, this mill effortlessly grinds spices and herbs at just a touch of a button, releasing their full flavour and aroma right when you need them. Whether you’re preparing a holiday feast or baking Christmas cookies, this Finamill can help elevate your dishes, making every meal more memorable. Plus, its stylish design adds a touch of sophistication to your kitchen decor.
Don’t miss out on the opportunity to enhance your cooking experience this Christmas. Enter our giveaway now for a chance to win this Finamill in Stone along with other amazing prizes!
Rectangle 3-D Crystal Photo Gift from Forever-Always
Get into the festive spirit with our Christmas Giveaway and stand a chance to win a truly unique gift – the Rectangle 3-D Crystal Photo Gift from Forever-Always in size medium (9cm W x 6cm H x 6cm). This is a special present that’s perfect for capturing cherished memories.
The Rectangle 3-D Crystal Photo Gift is a stunning piece of personalised decor. Your chosen photo is created into a beautiful 3-D image that seems to float inside. It’s a wonderful way to immortalise a precious moment or loved one, making it an exceptionally thoughtful gift. Whether it’s a picture of a family gathering, a beloved pet, or a memorable holiday, this crystal photo gift brings your memories to life in an artistic and beautiful way. Displayed on a mantelpiece, bookshelf, or desk, it adds a touch of elegance and personal touch to any space.
Opinel Folding Saw
As part of our giveaway, weâve got a prize from Opinel that will delight any outdoor enthusiast. The Opinel Folding Saw is an essential tool for every nature lover. Whether you need to cut firewood for a cosy campfire or prune branches for a clearer path during your forest adventures, this folding saw is your perfect companion. Crafted with Opinel’s signature commitment to quality, it offers durability, precision, and ease of use that makes it stand out in its category.
This Christmas, one lucky winner will have the chance to claim this fantastic tool as their own. So why wait? Enter our Christmas Giveaway now and make this festive season truly unforgettable. With the Opinel Folding Saw, you’ll be fully equipped for your next outdoor adventure. Let the festivities begin!
Gracoâs FoldLite LX
As part of our festive Christmas Giveaway, you have a chance to win the perfect item for families on the go – the Graco FoldLite⢠LX travel cot.
This travel cot with basinet is perfect for those with little ones, from birth to approx. 3 years (max. 15kg) and the Bassinet from birth to approx. 6 months (max. 9kg).Gracoâs FoldLite LX travel cot offers a comfy space for your baby to sleep or play, no matter where your adventures take you. Lightweight and easily foldable, it’s designed for maximum portability for when you are away from home.
Don’t miss this opportunity to win a gift that brings convenience and comfort to the little ones. Enter our Christmas Giveaway now for a chance to win Gracoâs FoldLite LX travel cot, among other fantastic prizes!
French Navy Patent Chelsea Boot from Start-Rite
Start-Rite is a British heritage brand that specialises in children’s footwear that enables healthy development whilst creating stylish designs that appeal to parents and children. The French Navy patent Chelsea boot is no exception, and it’s the perfect footwear for your kids over the holiday season.
Whatever the adventure, this stylish boot from Start-Rite will carry little feet through any day in comfort. The inside zip fastening is useful for getting boots on and off quickly and with ease, and the durable sole is ready for any adventure. Crafted in elegant French navy patent with check elastic, the Chelsea French navy patent boots will make any outfit complete. Our winner can choose the size and receive this as part of their prize!
Learning Resources BrainboltÂŽ Genius
Get ready to supercharge your memory this holiday season with our Christmas Giveaway! This year, we’re excited to include the Learning Resources BrainboltÂŽ Genius in our prize bundle. BrainboltÂŽ Genius is a mind-challenging game that tests your memory skills to the max. It lights up different sequences, and your job is to remember and replicate them.
It’s a fun and exciting way to keep your brain active and sharp. Whether you’re playing alone or with friends and family, BrainboltÂŽ Genius keeps the competition lively and the fun rolling. It’s compact and portable, perfect for on-the-go entertainment during holiday travels. So why not give your memory a festive boost? Enter our Christmas Giveaway now and stand a chance to win the BrainboltÂŽ Genius, along with other fantastic prizes. It’s the perfect gift for keeping minds active and engaged over the holiday season!
SAVEUR SelectsÂŽ Artisan Non-Stick Loaf Pan
Get ready to add a dash of elegance and convenience to your holiday baking with our exciting Christmas Giveaway! This festive season, you stand a chance to win the exquisite SAVEUR SelectsÂŽ Artisan Non-Stick Loaf Pan – 10″ as part of the prize bundle. This isn’t just a baking essential, it’s a gift that promises to make your kitchen experiences more delightful and your festive goodies more delicious.
The SAVEUR SelectsÂŽ Artisan Non-Stick Loaf Pan is a coveted item for any home baker. It’s not just a baking tool; it’s a craft of art and functionality combined. This pan, crafted from high-quality, durable materials, boasts a non-stick surface that means your baked loaves slide out perfectly every single time. No more worries about your bread sticking or crumbling!
Whether you’re planning to bake a traditional Christmas fruitcake filled with rich, dried fruits and nuts, a moist and luscious banana bread, or perhaps you’re in the mood to experiment with some new, creative recipes, this loaf pan is your perfect partner. Its generous 10-inch size ensures you can create substantial loaves to share and spread the festive cheer among family and friends.
So why wait? Enter our Christmas Giveaway now for a chance to win this premium Loaf Pan, along with other fantastic prizes! This could be the perfect opportunity to elevate your baking game this festive season. Let the aroma of freshly baked loaves fill your home and hearts this Christmas.
Little Brian’s Paint Sticks Christmas Window Kit
Light up your holiday season with our Christmas Giveaway! This year, we’re thrilled to include Little Brian’s Paint Sticks Christmas Window Kit in our prize bundle. This fantastic kit lets your little ones bring the magic of Christmas right into your home. It includes a range of vibrant, mess-free paint sticks and stencils that make it easy for kids to create festive window decorations. Whether it’s snowflakes, reindeer, or Santa himself, your kids can paint their favourite Christmas motifs directly onto the windows.
The paint sticks are incredibly easy to use and dry quickly, leaving no mess behind. So why not add a dash of creativity to your Christmas celebrations? Enter our Christmas giveaway now for a chance to win the Little Brian’s Paint Sticks Christmas Window Kit [affiliate], along with other exciting prizes. Unleash your child’s artistic talent and fill your home with festive cheer this holiday season!
EUGY Christmas Elf
We’re thrilled to announce that a charming EUGY Christmas Elf is part of our prize bundle. This delightful elf, brought to life by EUGY, is more than just a cute decoration. It’s a symbol of EUGY’s commitment to protecting the planet. Made from recyclable card and printed with natural eco-friendly ink, this little elf is as green as it is adorable. What’s more, it’s assembled with non-toxic glue, making it safe for kids and adults alike. It’s a fun, creative, and sustainable way to add a touch of magic to your holiday celebrations.
So why wait? Enter our Christmas giveaway now for a chance to bring home this eco-friendly EUGY Christmas Elf [affiliate] along with other exciting prizes.
Elf Toy from Elf for Christmas
We’re excited to announce that a delightful Elf Toy from Elf for Christmas is part of our prize bundle.
But here’s the best part – the winner gets to choose their very own elf! These charming elves are not just toys but a wonderful addition to your family’s Christmas celebrations, bringing joy, wonder, and a touch of elfin magic to your home.
So don’t miss out – enter our Christmas Giveaway now for a chance to welcome a new elf friend into your home this holiday season!
Gold Star Costume âShining Light in the Night’
We’re thrilled to include Pretend to Bee’s enchanting Gold Star Costume ‘Shining Light in the Night’ in our prize bundle.
This twinkling costume is perfect for your little star to shine bright during the festive season. It’s more than just a costume; it’s a ticket to a world of imagination where your child can become a shining beacon.
Don’t miss this chance to make your child’s Christmas extra special. Enter our Christmas Giveaway now for a chance to win this magical Gold Star Costume along with other fantastic prizes. Let’s light up this Christmas with joy and imagination!
Family First Aid Kit from LittleLife
The Family First Aid Kit from LittleLife is your must-have companion and proudly a Silver award winner, voted for parents as Best Travel Product for Under ÂŁ30, in the prestigious Mother & Baby Awards 2024. Whether at home or away, this compact kit ensures peace of mind for you and your loved ones. With everything from Sudocrem, scissors, and tweezers to bandages, dressings, and antiseptic wipes, it’s the ultimate solution for any minor accidents. The Family First Aid Kit is great to take with you for any days out or travelling you do over the holiday season and we have one to give away as part of our prize bundle.
Every Piece of You Puzzle from Gibson Games
The Gibson Games Puzzle, âEvery Piece of You,ââ is a captivating 1000-piece jigsaw puzzle that reminds us to celebrate the weird and wonderful pieces of ourselves in a fun and colourful style. Created by Katie Abey, this is not your ordinary jigsaw puzzle.The illustrations of the puzzle represent real people and their stories. Made from 100% recycled puzzle board and with vegetable based inks, this is the perfect gift for any jigsaw lover.
Play-Doh Air Clay Super Colour Bucket
The Play-Doh Air Clay Super Colour Bucket is a fun and colourful part of our Christmas Prize Bundle. Packed with 15 vibrant colours, ten cutter moulds, two handy tools, and an inspirational sculpting guide, it’s perfect for unleashing your kid’s creativity with modelling clay this festive season!
How to Enter:
You can enter the Giveaway by completing as many Rafflecopter widget entry options below as you like. All entries will be collected, and one winner will be randomly chosen via Rafflecopter. Good luck!
The giveaway will run from 7 pm 9th December 2023 to 11.59 pm 19th December 2023.
The winners will be notified by email from rowena@mybalancingact.co.uk
The winner will have 7 days to respond, after which time we reserve the right to select an alternative winner.
This prize draw is in no way sponsored, endorsed or administered by, or associated with, Facebook, Instagram, X, YouTube, BlogLovin or Pinterest or any other social media platform.
Prize open to over 18s only. Age verification may be required to receive some prizes.
Some or all of the prizes may arrive after Christmas and may take a few weeks to arrive. We will do our best to get them to you before Christmas but this is not guaranteed.
If any prizes are out of stock then we will do our best to find a suitable replacement but cannot guarantee it.
Anyone who unfollows before the giveaway ends or doesnât complete the required entry action will be disqualified.
The prize is non-transferable, non-refundable and cannot be exchanged for monetary value.
We may be using a parcel service or Royal Mail for some of the prizes and their standard compensation will apply in the event of loss or damage.
Some items may be sent directly by the supplier and we do not have responsibility if these go missing and we cannot replace these. In the unlikely event that one of the companies withdraws a prize, we cannot offer an alternative.
The winnerâs name will be stated on some or all of our bloggers’ websites and announced on Twitter and other social media channels. It will also be displayed on the Rafflecopter entry form. By entering this prize draw, you give your permission for this.
Please note the winner may have the same name as you so if you see your name displayed, be aware that you are not the winner unless you have been notified by us.
There may be some delays in receiving prizes.
Good luck, and I hope a Pounds and Sense reader wins this fabulous prize bundle!
Disclosure: This post includes some affiliate links.
If you enjoyed this post, please link to it on your own blog or social media:
Today I am sharing some interesting data from my friends at HSBC regarding how British people choose life insurance.
This information comes from an online survey of over 2,000 people in the UK conducted on behalf of HSBC Life Insurance. It provides some interesting insights into who is – and isn’t – getting life insurance, and their reasons for doing so.
As you can see from the graphic below, the study revealed that more than two in five people in the UK have life insurance (43%), with another one in five (20%) saying they have critical illness protection. The latter provides protection (generally in the form of a one-off tax-free payment) if you become seriously ill or injured. It is typically purchased in addition to life insurance.
Financial worries are a key factor for those Brits who have researched their options but still decided against getting life insurance. One in two (50%) whoâve considered getting a policy but decided not to go ahead say that itâs because theyâve had to tighten their belts.
Reasons for Choosing a Policy and a Provider
Brits with a policy said the primary reasons they got life insurance were: buying a home (19%), having a child (14%), planning for funeral costs (10%) and retirement planning (9%).
Perhaps surprisingly, people with long-term partners were more likely to say they had a single (54%) than a joint (42%) policy. Those couples who had a joint policy were most likely to say the main reason they chose it was simplicity (37%), followed by âlevel of coverâ (30%) and budget (19%).
The biggest driver for those with life insurance or those who had considered purchasing it in the past two years was price (25%), closely followed by trust in their chosen provider (18%), and confidence that a claim would be paid (13%).
Understanding of Terms
When it comes to key terms relating to life insurance, only around a third of people in the UK say they fully understand the phrases âlevel coverâ and âdecreasing termâ.
More than two in five Brits (42%) say they donât know what âdecreasing termâ means, and more than one in three (36%) donât fully understand âlevel coverâ.
Most people (53%) say they think âlevel coverâ is the most important consideration when choosing which life insurance policy to purchase, after the terms were explained to them.
Purchase Preferences
People in the UK who have life insurance are pretty evenly split when it comes to how they bought it, with 49% purchasing through an adviser and 47% completing their transaction online.
And overall, those without any cover are more likely to say theyâd buy online if they did decide to purchase a policy (58%), compared with through an adviser (40%).
But there are some interesting differences in age â with nearly half (48%) of 16-24-year-olds without insurance saying theyâd prefer to use an adviser, more than any other age group. Meanwhile the 45-54 age group were the most likely to say theyâd go online (65%).
Closing Thoughts
Many thanks to my friends from HSBC for allowing me to share and discuss their data and graphics.
Nobody would pretend life insurance is an exciting subject, but in these uncertain times itâs something we all need to think about, cost-of-living crisis notwithstanding. Life insurance protects your loved ones financially if you die. It can help minimize the financial impact that your death could have on your family and provide peace of mind for you and them.
Most life insurance policies are designed to pay a cash sum to your loved ones if you die while covered by the policy. This can help them cope with everyday money worries such as mortgage payments, household bills and childcare costs. It may also cover funeral costs. You can take out life insurance under joint or single names, and you can pay your premiums monthly or annually.
I discussed this subject in more detail in my blog post Do You Need Life Insurance? (mentioned earlier) and I recommend checking this out if you haven’t already. You may also want to speak to a personal financial adviser to find out more about life insurance and what might be the best option for you.
As always, if you have any comments or questions about this post, please do leave them below.
Disclaimer: I am not a professional financial adviser and nothing in this post should be construed as personal financial advice.
If you enjoyed this post, please link to it on your own blog or social media:
Today I have a guest post on what can become a major issue for parents when making gifts or loans to their married children. Specifically it looks at what you can do to ensure that your wishes are respected should the worst happen and the marriage fails.
The article is by Joanna Toloczko, a partner, family law solicitor and mediator at UK law firm RWK Goodman.
Over to Joanna then…
According to the UK House Price Index in August 2023, the average house price in the UK was ÂŁ291,000 and in London a whopping ÂŁ536,000. To put this into context, the average house price back in January 2013 was ÂŁ167,716, representing an increase of around 73%.
A bank or building society will normally require a minimum deposit of between 10% and 25% of the property value as a term of a mortgage offer, and the more you are able to put down as a deposit, the lower rate of interest you are able to secure. It is not surprising, then, that an increasing number of married couples rely on a contribution from one or both sets of parents for their deposit.
In my work as a family lawyer and mediator I often come across cases where a divorcing couple are at loggerheads about whether such a contribution was a loan or a gift. The party whose parents provided the funds will often argue that the funds were a loan which should be returned to their parents before the remaining funds are distributed between the husband and wife. The other party will usually argue that the funds were a gift and are available for distribution between the parties.
If the couple are not able to reach agreement and the case proceeds to court significant sums of money can be spent on arguing this point as a preliminary issue. Very often the parents will be drawn into the litigation.
Even if the Court accepts that the funds were a loan, it is possible that the Court will take the view that it was a âsoft loanâ, i.e. a loan where repayment is unlikely to be enforced. In these circumstances, the Court may choose to disregard the liability.
Usually, at the time the funds are made available to the couple no-one has formally addressed the issue of the nature of the advance. Everyone is excited about the new house purchase; no-one anticipates that the marriage may fail.
So, what can be done to ensure that gifts made to married children stay in the family of the parents making the gift, in the event of a divorce?
If the funds are being advanced to assist with the purchase of a property, a Declaration of Trust can be a useful tool. In this situation the married couple are the legal owners of the property and hold the property as âtenants in commonâ, which means that they have their own distinct share in the property. The Declaration of Trust can be used to set out the beneficial interests in the property, including the interests of third parties. For example, a Declaration of Trust could make it clear that as parents had contributed to the purchase price of the property, they are entitled to a specified share of the equity. Alternatively, the Declaration of Trust could set out that once the property is sold, the parents have to be reimbursed prior to the distribution of the remaining equity between the couple.
If parents are to receive a share of the equity, they need to be aware of a potential Capital Gains Tax liability, should their interest in the property increase in value.
Another alternative would be to use a formal loan agreement or for the parents to take a Legal Charge over the property. A Legal Charge works like a second mortgage. It is secured over the property and registered at the Land Registry. The Charge sets out details of the sum loaned to the couple, whether interest is payable and when/in what circumstances the parents are entitled to call for repayment of the loan.
Nuptial Agreements are also becoming more popular. These can be entered into either before the marriage (Prenuptial Agreement) or during the course of the marriage (Postnuptial Agreement).
These agreements make clear what is to happen to the coupleâs assets in the event of divorce or separation.
If parents are gifting money, transferring properties, leaving an inheritance, providing an interest in a business, etc, and they wish to protect those assets in their childâs favour in the event of separation or divorce, a Pre- or Postnuptial agreement can be an extremely useful document.
Although Nuptial Agreements are not legally-binding and can be over-ruled by a judge in the divorce proceedings, if they are prepared in the correct manner, they have good prospects of being upheld or will certainly be heavily influential on the judge.
In summary, when advancing funds to a married child, always be clear about whether the funds are a gift or loan and seek legal advice about how best to ensure that the funds remain in the family in the event of a divorce. It is usually also a good idea to discuss any tax implications of your plans with an accountant or tax adviser.
Joanna Toloczko is a partner, family law solicitor and mediator at RWK Goodman and can be contacted on 07553 058485 or at Joanna.Toloczko@RWKGoodman.com.
Many thanks to Joanna Toloczko (pictured, below) for an informative and eye-opening article. Please do check out her company’s website (linked above).
While nobody likes to think about the marriage of their offspring failing, the reality is that an estimated 42% of marriages in the UK today will end in divorce. So it is vital to be realistic and ensure that, should the worst happen, any money you give or lend is returned or divided in accordance with your wishes.
As always, if you have any comments or questions about this article, please do leave them below.
If you enjoyed this post, please link to it on your own blog or social media:
Yes, it’ s time for another exciting giveaway on Pounds and Sense. This one has a ‘back to school’ theme. In most parts of the UK, of course, this occurs in early September. Scottish schools generally return a little earlier, around mid-August.
Again I have clubbed together with some of my fellow UK bloggers to provide a smorgasbord of great prizes. And the best news is, itâs entirely free to enter. The giveaway is open now and will close on August 30 2023.
The prizes have been hand-picked for children and young people returning to school this autumn, so they should be ideal for your children or grandchildren. But if you want to keep any for yourself, we promise we won’t tell!
This event has (again) been organized by Rowena Becker, who blogs at My Balancing Act. No small amount of effort has been involved in arranging and co-ordinating it, so many thanks again to Rowena for her hard work and dedication.
Without further ado, then, Iâll hand you over to Rowena to introduce the giveawayâŚ
Back to School Giveaway
With only a couple of weeks left until the start of the new school year, some of the top UK bloggers have come together to offer one lucky winner an amazing bundle of prizes to send their kids back to school in style. This is not only a giveaway but also a great Back to School Guide to help you get ideas and inspiration for your kid’s new school year.
The Prizes
Microsoft Surface Go 2 Intel Pentium Gold from Tier1
Tier1, refurbishers of laptops, desktops and tablets and more, are the perfect solution for parents looking to equip their kids with great but affordable technology as they head back to school. Tier1 take pre-owned devices and put them through a rigorous process of testing, cleaning, and repairing to ensure they are in excellent working condition. Not only do these devices offer significant savings compared to buying brand new, but they also provide a reliable and efficient way for students to engage in online learning, complete assignments, and explore educational resources.
With Tier1, parents can find high-quality laptops and tablets that meet their children’s needs without breaking the bank, allowing them to invest in their education without compromising on affordability. We have the Microsoft Surface Go 2 Intel Pentium Gold from Tier1 for our lucky winner. Right now, Tier1 have their summer sale on, making those back to school savings even greater!
Futliit LED Backpack
Introducing the Futliit LED Backpack, the perfect accessory for those walking or cycling home after school. Safety is paramount, especially when it comes to being visible in the dark. Are you worried about your kids walking home in the dark? Don’t worry! The Futliit LED backpack is here to keep them visible to passing traffic, ensuring their safety.
Equipped with two strands of LED lights and reflective panels, the backpack guarantees maximum visibility on your journey. But that’s not all â the backpacks come loaded with features. With a spacious main compartment, a padded device sleeve, and ample storage space, your kids can keep all their school essentials secure.
Don’t miss out on this chance! Enter our giveaway for an opportunity to win the Futliit LED Backpack. Ensure your kid’s safety and embrace the #BeFutliit movement!
Premium Start-Rite School Shoes
‘Motivate‘ and ‘Encourage‘ deliver the very best protection Start-Rite has to offer, and here’s your chance to win either style of your choice! These robust shoes are packed with the best Start-Rite intelligence, from Air Rite technology to biomechanical soles, reflective tabs, toe and heel bumpers, padded ankles, dyed through leather and adjustable rip-tape fastenings.
The durable designs of these two new styles launched by Start-Rite, in collaboration with ‘The Daily Mile’, strengthen the joint ambition to support healthy development and physical activity for all school children.
‘Motivate’ – available size S10 – L4 (Standard and Wide width fitting)
‘Encourage’ – available size S9 – L2Â (Standard and Wide width fitting)
Keep your kid’s art and crafts supplies organised when they go back to school with the Create-A-Space⢠See-Thru Storage Caddy from Learning Resources. The set comes with 4 very handy see-through storage bins on a portable base with a carry handle. It’s the perfect caddy for creative kids, and we have one to give to our lucky winner!
SMASH Lunchbags and Water Bottles
Going back to school with SMASH means you’re going back in style! Our lucky winner can grab their kids the following lunchtime accessories:
The water bottles have an easy carry handle and a fast-flow straw sipper. The lunch bags are not only super cool and super stylish but they are also fully insulated with an anti-bacterial lining. Oh, and super easy to clean too! If you can’t wait to see if you’re a winner, these affordable lunch bags and water bottles are all available from Dunelm.
Brainstorm Toys E2001 Light Up 2 in 1 Globe Earth & Constellations, Multicolour
Help your kids learn when they go back to school with Brainstorm Toys Light Up 2 in 1 Globe of the Earth and constellations. The Earth and Constellation Globe is two globes in one with a day-time and night-time view. In the daylight, the 22.8 cm diameter globe shows political boundaries, oceans, equator, longitude and latitude lines, country names, capital cities and other major cities for each country in the world. By night the illuminated star map shows constellations with their common names. The globe is at a scale of 1:55,900,00, and it sits on a sturdy, stylish silver stand with a matching graduated meridian.
The Earth and Constellation Globe has an automatic light sensor, so when the globe is turned on and the surrounding area is dark, the globe will transform into a beautiful glowing globe showing the star constellations. It is a great learning tool for geographers and astronomers, but also a great feature for your child’s bedroom. And we have one for our lucky winner!
The Bloggers
In order to be able to bring you this incredible giveaway, some of the UKâs top bloggers got together and contributed. A massive thank you to our bloggers! The bloggers taking part are:
You can enter the Giveaway by completing as many Rafflecopter widget entry options below as you like. All entries will be collected and one winner will be randomly chosen. Good luck!
The giveaway will run from 7 pm 20th August 2023 to 11.59 am 30th August 2023.
The winners will be notified by email from rowena@mybalancingact.co.uk
The winner will have 7 days to respond after which time we reserve the right to select an alternative winner.
This prize draw is in no way sponsored, endorsed or administered by, or associated with, Facebook, Instagram, Twitter, YouTube, BlogLovin or Pinterest or any other social media platform.
Prize open to over 18s only. Age verification may be required to receive some prizes.
If any prizes are out of stock then we will do our best to find a suitable replacement but cannot guarantee it.
Anyone who unfollows before the giveaway ends or doesnât complete the required entry action will be disqualified.
The prize is non-transferable, non-refundable and cannot be exchanged for monetary value.
We may be using a parcel service or Royal Mail for some of the prizes and their standard compensation will apply in the event of loss or damage.
Some items may be sent directly by the supplier and we do not have responsibility if these go missing and we cannot replace these.
In the unlikely event one of the companies withdraws a prize, we cannot offer an alternative.
The winnerâs name will be stated on some or all of our bloggers’ websites and announced on Twitter/X and other social media channels. It will also be displayed on the Rafflecopter Entry. By entering this prize draw, you give your permission for this.
Please note the winner may have the same name as you, so if you see your name displayed, be aware that you are not the winner unless you have been notified by us. There may be some delays in receiving prizes.
Good luck, and I hope a Pounds and Sense reader wins this fabulous prize bundle!
If you enjoyed this post, please link to it on your own blog or social media:
Today I am sharing some interesting data from my friends at HSBC regarding British people’s investing habits.
This information comes from a survey conducted last year by Sticky and Censuswide on behalf of HSBC. The survey was conducted online, with a total sample size of 2018 adults. It reveals how and why people in the UK are investing, and (very importantly) why many are not.
The research revealed that nearly two-thirds of people had some form of savings (64%), with more than one in three (36%) saying they had investments. Nearly half (47%)Â believed investing was a better way of achieving future financial goals in the current financial climate.
More than half of people (53%) who said they would like to invest but havenât yet said they didnât know how to begin. Just over 1 in 3 Brits are currently investing, so almost two-thirds are not.
Saving vs Investing
Somewhat reassuringly, two-thirds of people in the survey said they currently have savings (64%) and just under three-quarters (72%) said they have enough money put away to cover three monthsâ living expenses despite increases in the cost of living.
The main reasons people have for saving and investing are summed up in the infographic below…
As you can see, nearly half of people in the HSBC survey (46%) didnât have a particular goal for their saving or investing â but those who did have a target were much more likely to be saving for something long-term (37%) like a house deposit or their retirement than short-term goals like holidays or other large purchases (20%).
In general, of course, saving for short-term goals is best done through cash savings accounts – but for long-term goals, typically five years or more ahead, investing is likely to produce better overall returns.
Investment Choices
The infographic below shows the main ways people in the UK are currently investing.
As you can see, the most popular investment is stocks and shares (44%), followed by funds (25%), bonds (20%) and property (19%).
When people were asked how theyâd decided to invest, the most common reason given for choosing stocks and shares was the expectation of good returns (34%). Bonds were most often seen as a âsafeâ investment (38%).
Meanwhile, the reason for choosing funds was more equally balanced between being seen as offering good returns (34%) and being âsafeâ (30%), with the same being true of property (39% good return, 35% âsafeâ).
Barriers to Investing
When people were asked why they hadnât chosen to invest, the most common answer (45%) was thinking they didn’t have enough money to do so. But nearly a quarter (23%) said they didnât know enough about how to invest, ahead of the one in five (21%) who said they would worry about losing all their money.
For those who said they were scared of losing money, the main driver of those worries was the fact that investments can go down as well as up (40%). But that was followed by concerns about the need for access to their cash â with 37% saying they might need their money at short notice, and another 30% stating that their financial situation meant they couldnât lock away money for a long time.
Those who chose to invest in jewellery and alternatives (wine, art, whisky, etc) were the most likely to say they had done so because they had expertise in that area (25%).
Investment Knowledge
When it comes to detailed financial knowledge, more than one in three (34%) said they didnât feel they had enough information about investing. And those who wanted more help with their financial planning were most likely to need information about where to invest (25%), followed by support on types of investments (22%), the cost of investing (20%), and which investments are more or less risky (20%).
People who said they already received some information on investing were most likely to get that from their family (17%), their bank (16%), friends (15%) and social media (15%) â all ahead of financial newspapers (13%) and financial blogs (11%).
Nearly a quarter (24%) said theyâd like to receive more information about investing from their bank as the primary source of information, ahead of getting help from investors (16%), social media (13%), family (11%) and financial blogs (11%) or financial newspapers (11%).
My Thoughts
Many thanks to my friends from HSBC for allowing me to share and discuss their data and graphics.
I’m not surprised that many people are wary of investing, as the subject isn’t generally taught in schools and the huge number and variety of potential investments can be bewildering.
What I find a little more surprising (and concerning) is that many more people have investments in the form of stocks and shares (46%) rather than funds (25%). I suspect this may partly be to do with people having a few shares they acquired from the big privatizations of the past such as BT and British Gas. There may also be a number who have shares through employee share schemes. Nonetheless – as I said in this recent guest post for the popular Money Talk blog – as an investment individual shares are a lot more volatile and risky. If you are new to investing, I highly recommend starting off with a collective investment such as a tracker fund or robo-adviser platform (see below). This will give you much broader diversification, which helps mitigate the risks involved.
As I’ve said before, if you suddenly find yourself in possession of a large lump sum (perhaps through an inheritance) there is a strong case for seeking advice from a trained and experienced independent financial adviser. You might like to check out my blog post on why, despite being a money blogger and considering myself reasonably financially savvy, I still have an IFA myself.
If you just want to get started in investing, there are various low-cost and relatively low-risk options you could consider. Regular readers will know that I am a fan of the robo-adviser platform Nutmeg, with whom I have been investing since 2016. Even with the recent turmoil in the markets caused by the pandemic etc., I have made an overall return of 37 percent from my investments with them. You can read my in-depth review of Nutmeg here if you wish.
Another possibility might be the wealth-building platform Wealthyhood, which is aimed especially at novice investors. You can get started on this with as little as ÂŁ20 – and right now they are offering a free ETF share worth up to ÂŁ200 to new investors, which should get you off to a good start! You can see my blog post about Wealthyhood and their special offer here.
Of course, all investing carries a risk of loss, in the short- to medium-term especially. You should therefore always do your own ‘due diligence’ before investing and seek professional advice if in any doubt how best to proceed.
As always, if you have any comments or questions about this post, please do leave them below.
Disclaimer: I am not a professional financial adviser and nothing in this post should be construed as personal financial advice.
If you enjoyed this post, please link to it on your own blog or social media:
Summer is here, so itâs time for another exciting giveaway on Pounds and Sense. This one is themed around Fatherâs Day, which this year is on Sunday June 18th.
I have clubbed together with some of my fellow UK bloggers to provide a bunch of great prizes guaranteed to put a grin on any dad’s face. And the best news is, itâs entirely free to enter! The giveaway is open now and will close at 11.45 pm on Sunday June 18th.
This event has (again) been organized by Rowena Becker, who blogs at My Balancing Act. No small amount of effort has been involved in arranging and co-ordinating it, so many thanks again to Rowena for her hard work and dedication.
Without further ado, then, Iâll hand you over to Rowena to introduce the giveawayâŚ
Fatherâs Day Giveaway
And we’re back! This time to spoil your dad. We have a number of incredible prizes that will make his day! This is not only a giveaway but a gift guide to help you get ideas and inspiration for gifts for your dad (or other special man in your life) this Fatherâs Day. And for more ideas and inspirations check out these blog posts, The Ultimate Father’s Day Gift Guide and Frugal Father’s Day.
Buyagift has hand-picked the finest selection of Tasty Treat, Driving Blast and Adrenaline Adventure experiences to create the perfect gift for any man. From zorbing to supercar driving, gourmet dining to overnight stays, our lucky winner can treat their dad to a wonderful experience he will never forget!
Hoover Cordless Vacuum Cleaner with ANTI-TWIST⢠(Single Battery)
Make your dad’s life easier with this incredible prize! Not only will the Hoover Cordless Vacuum Cleaner with an anti-twist and single battery, make cleaning time quicker and easier, but it’s also a practical and useful present. With a Hoover, your dad can easily keep his home clean and tidy, without much effort. It’s a thoughtful way to make his daily routine easier and hassle-free. Plus, who doesn’t love a clean and fresh home? Our lucky winner can surprise their Dad with a Hoover, and watch him become the happiest dad with the cleanest house around!
Features:
NEW ANTI-TWISTâ˘Â floorhead
Up to 45 Minutes of Power
Space-saving design and stands unaided for easy storage
Converts instantly to a handheld with 2-in-1 dusting/upholstery tool
Lightweight and easy to use
Exclusive 3-year warranty with this product. Only available at Hoover Direct website, hooverdirect.co.uk
Opinel Complete Picnic+ Set
The Opinel Picnic+ set is the ideal gift for busy dads who need to eat their meals on the go.
The set comes with:
A No. 08 knife
Two inserts (a fork and a spoon) that attach to the No. 08 knife
A microfibre towel case that is both a storage and cleaning device
The inserts are made of stainless steel, so they are nice and sturdy and hygienic (compatible with wooden handled N°08 knives, equipped with the Virobloc safety ring marketed since 2000). We have one picnic set for our lucky winner!
Silk Route Spice Company Grinders
This gift set is undoubtedly the perfect present for your resident chef or culinary friend, especially if they love French food as much as we do. The grinders contain carefully balanced mixtures of herbs and spices hand-selected by specialist chefs to impart a taste of France to any dish of your choosing, be it your homemade soupe a lâoignon or boeuf bourguignon.
The four mixes are: Herbs de Provence, Mustard & Garlic mix, Fine Herb Seasoning and French Quatre mix. Available from Amazon and donated by Dordogne Vie.
Disclaimer: As an Amazon Associate I earn from qualifying purchases
The Bloggers
In order to bring you this incredible giveaway, some of the UKâs top bloggers got together and contributed. A massive thank you to our bloggers! Those taking part are:
You can enter the Giveaway by completing as many Rafflecopter widget entry options below as you like. All entries will be collected and one winner will be randomly chosen. Good luck!
The giveaway will run from 11:45am 4th June 2023 to 11.45pm 18th June 2023.
The winner will be notified by email from rowena@mybalancingact.co.uk
The winner will have 7 days to respond after which time we reserve the right to select an alternative winner.
This prize draw is in no way sponsored, endorsed or administered by, or associated with, Facebook, Instagram, Twitter, YouTube, BlogLovin or Pinterest.
Prize open to over-18s only. Age verification may be required to receive some prizes.
If any prizes are out of stock then we will do our best to find a suitable replacement but cannot guarantee it.
Anyone who unfollows before the giveaway ends or doesnât complete the required entry action will be disqualified.
The prize is non-transferable, non-refundable, and cannot be exchanged for monetary value.
We may be using a parcel service or Royal Mail for some of the prizes and their standard compensation will apply in the event of loss or damage.
Some items may be sent directly by the supplier and we do not have responsibility if these go missing and we cannot replace them.
In the unlikely event one of the companies withdraws a prize, we cannot offer an alternative.
The winnerâs name will be stated on some or all of our bloggers’ websites and announced on Twitter and other social media channels. It will also be displayed on the Rafflecopter form. By entering this prize draw you will be deemed to give your permission for this.
Please note the winner may have the same name as you, so if you see your name displayed, be aware that you are not the winner unless you have been notified by us.
The prizes won’t arrive in time for Father’s Day and there may be some delays in receiving prizes.
Good luck, and I hope a Pounds and Sense reader wins this fabulous prize bundle!
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