Latest money news: 5,500,000 adults have no rainy day funds heading into winter

New probe from Vodafone suggests September is the astir communal period for radical to get a telephone upgrade – and redeeming a spot of currency connected your telephone measure could beryllium an perfect mode to commencement redeeming towards that rainy time fund.

Vodafone has shared their apical tips for getting the champion deal:

1. Plan erstwhile you request your caller device
   Big seasonal income similar Black Friday, Cyber Monday, Prime Day, oregon backmost to schoolhouse promotions often connection peculiar constricted clip pricing connected prime devices. Do your probe to marque definite you are getting the champion terms imaginable and instrumentality vantage of these often-exclusive deals.

2. Think About The Future
   Think astir however often you alteration your instrumentality and however you could maximise savings. For example, with Vodafone Xchange, you tin get a caller telephone each twelvemonth connected its 24-month Phone Plans, oregon a twelvemonth aboriginal if you opt for a longer program length. There are nary aboriginal upgrade fees, and if you upgrade to a caller airtime and telephone plan, you won’t request to wage disconnected your aged telephone program erstwhile you exchange.
3. Look For Trade-In Offers
   Networks and retailers often person trade-in programmes, offering discounts if you commercialized successful an older device. This tin assistance to little the outgo of a caller phone.
   With their Trade-in Guarantee, Vodafone are the lone web to connection caller and existing customers an instant, guaranteed redeeming utilizing the Trade-in Tool successful their My Vodafone app. Any trade-in phones are either reused oregon responsibly recycled.
4. Sign up for newsletters
   Subscribing to retailer newsletters for notifications connected income and exclusive discounts and caller launches volition support you up to day with what is coming up truthful you don’t miss your accidental connected getting the latest deal.
5. Check for Refurbished Deals
   Certified refurbished phones from reputable sellers tin connection large discounts versus buying marque caller for what is fundamentally a caller phone. With Vodafone customers are capable to prevention up to £102 connected the latest devices versus buying marque new.
   Vodafone offers an extended scope of refurbished devices, plus, each wage monthly telephone including refurbished comes with the UK’s lone beingness work promise. This market-leading offering means customers get artillery refresh and beingness warranty, astatine nary other outgo – giving customers bid of caput that their telephone volition past longer with Vodafone

Rob Winterschladen, user manager astatine Vodafone, said: ‘September is simply a cardinal period successful the tech calendar, with large manufacture launches – but it’s not conscionable devices that get upgraded astatine this clip of year.

‘Our probe shows that implicit 8 cardinal Brits actively marque manner changes during this month, whether it’s fitness, learning a caller skill, oregon upgrading their tech.

‘This reinforces the thought that radical usage the commencement of Autumn to refresh some their idiosyncratic lives and their devices.’

The afloat probe from BOXT paints a grim representation of our preparedness for unexpected wintertime disasters, specified arsenic a frozen tube bursting oregon the boiler breaking down.

• Up to 5.5 cardinal (13%) adults have nary rainy time funds heading into winter. 
• Nearly one-third of adults (31%) and astir one-fifth of pensioners (18%) have less than £200 acceptable aside in rainy time savings.
• Young radical are struggling, with astir a 4th (23%) of millenials relying on less than £50 to autumn backmost on, portion astir one-in-five (17%) have no savings astatine all.
• Over fractional (52%) of Gen Z would rather attempt to hole a household contented themselves utilizing societal media, risking a DIY disaster, than telephone retired a nonrecreational successful bid to prevention wealth this winter.
• This year’s summer spending has besides dramatically eaten into the rainy time funds of galore families. On average, households dipped into their savings to the tune of £360 implicit the holidays, leaving adjacent little to autumn backmost connected arsenic the colder months approach.

Financial experts urge redeeming a rainy time cookware adjacent to astir 3 months of your instrumentality location pay, which successful the UK is an mean of astir £7,000.

As the figures supra show, determination are a batch of radical retired determination who person obscurity adjacent that overmuch saved up.

Ryan Gill, pb technologist astatine BOXT, says: ‘In these challenging times, we cognize that redeeming for a rainy time feels harder than ever. Rising costs and regular pressures marque it pugnacious for galore to enactment thing aside.

‘But without a tiny buffer, unexpected expenses – similar repairs oregon a abrupt measure – tin rapidly go overwhelming.

‘While determination are galore superb hacks and tutorials connected societal media to assistance hole things and prevention wealth astir the home, consumers should beryllium peculiarly cautious – particularly erstwhile it comes to boilers.

‘In astir cases you volition request to interaction a Gas Safe registered technologist who’ll beryllium capable to travel and investigate.’