ICR217: 14 Ways To Stop Wasting Your Money

What is the biggest waste of money in your life?

Inspired by an article from Business Insider, this week on the show I'm looking at 14 ways to stop wasting your money.

It's a particularly important areas to address because wage growth is currently lagging behind inflation for the first time since mid-2014. 

Average weekly earnings excluding bonuses increased by 2.1%. in the three months to March, while inflation rose by 2.3% in the year to March 2017.

Personal finance news update

-Price inflation has risen unexpectedly in the year to April, reaching its highest level since September 2013.

-Buy-to-let mortgage activity has halved since the introduction of higher stamp duty for landlords.

-US investment giant Vanguard has prompted talk of an investment platform price war following the launch of their new service for personal investors in the UK.

-1.4 million UK households are struggling to pay their mortgage and 2.6 million people think their monthly mortgage payments are too high.

-Generation X entrepreneurs struggle to balance family life with their ambitions for business growth, according to new research from Lloyds Bank.

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

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