With the cost of gas increasing significantly and industry experts predicting that the cost of the average household bill will increase by a massive 40 percent this year, many are starting to worry about the price of their utility bills and are looking for ways to reduce the amount of energy they use.

Here at MoneyTowers.com, we have put together our Top Five Tips for helping reduce your energy bills and therefore helping you to save money.

Recent research has shown that over half of non-retired adults in the UK do not contribute to a pension scheme. With the ending of many final-salary pension schemes and many people struggling to make ends meet in today’s financial climate, it’s no surprise that pensions have become highly unpopular.

However, that isn’t to say that people aren’t looking to their future – many people are looking to property to fund their retirement funds. But with fears over a property price slump, is property really a better investment than a pension?

Food prices are going up and this in turn is making our supermarket shopping bills higher than ever. According to some reports, the average family is having to shell out £15 a week more than they did at this time last year – that’s an added £780 a year on groceries.

With the credit crunch starting to bite, the team at MoneyTowers.com have put together 10 ways to help keep your grocery spend down.

New research has shown some surprising attitudes towards money. Assuming that goods are services stay the same price, would you rather earn $50,000 a year whilst other people earn $25,000, or would you rather earn $100,000 a year whilst other people earn $250,000?

Surprisingly, the study has shown that the majority of people would head for the first option over the latter.

Child Tax Credits and Working Tax Credits were introduced by the British Government in April 2003. But what exactly are they are how can you claim them?

What are Tax Credits?
Tax credits were the flagship of the Labour government’s welfare policies. The idea was that benefits should be integrated into the tax system rather than having plain hand outs as it would better address those with genuine needs. The system was also set to reward those who were in work.

With this year’s torrential rain, many UK residents are contemplating moving abroad to sunnier climes.

Whether you are planning to leave for just a few years, or heading for a permanent move, your finances should be one of the top things to get sorted before you move to ensure you avoid a financial headache.

Here at MoneyTowers, we have put together a list of the Top Five money considerations you might want to think about before you head off to a foreign country to live.

Bicycles – they are good for your health, good for the planet and good for your bank balance. Because of this, bikes are enjoying a rise in popularity. However, bike theft has risen in line with the number of people cycling and last year, there were 439,000 bike thefts in the UK alone. It isn’t only theft you have to worry about either – injury, both to yourself and others, is sometimes a large cost associated with cycling. With this in mind, here at MoneyTowers.com, we have put together a quick guide to bicycles and your money.

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