{"id":134386,"date":"2023-02-04T14:00:25","date_gmt":"2023-02-04T07:00:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cost-of-living-crisis-how-to-make-smart-money-decisions-in-tough-times\/"},"modified":"2023-02-04T14:18:46","modified_gmt":"2023-02-04T07:18:46","slug":"cost-of-living-crisis-how-to-make-smart-money-decisions-in-tough-times","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cost-of-living-crisis-how-to-make-smart-money-decisions-in-tough-times\/","title":{"rendered":"Cost of living crisis: how to make smart money decisions in tough times"},"content":{"rendered":"<p>&#013;<br \/>\nInterest rates rose this week, adding to pressure from bills. We look at how to make the best choices in an uncertain worldMaking big financial decisions is tough at the best of times but when, like now the sand is shifting under your feet, the challenge becomes even greater. This week the Bank of England raised interest rates again, adding ever higher borrowing costs to the worry caused by higher food and energy bills.These financial pressures can make it difficult to see beyond the end of the month, let alone plan for years into the future. So whether you are thinking of buying a house or wondering what to do about your pension, we ask experts how to make the best choices. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/2023\/feb\/04\/cost-of-living-crisis-smart-money-decisions-interest-rates\" target=\"_blank\" rel=\"noopener\">Cost of living crisis: how to make smart money decisions in tough times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Interest rates rose this week, adding to pressure from bills. We look at how to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-134386","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yXw","jetpack-related-posts":[{"id":135761,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-brace-for-tough-year-as-low-interest-rates-property-crisis-hit-profitability\/","url_meta":{"origin":134386,"position":0},"title":"Chinese banks brace for tough year as low interest rates, property crisis hit profitability","date":"April 4, 2023","format":false,"excerpt":"\r Major banks have reported declining net interest margins, a crucial measure of their profitability, while the struggling property market portends slower growth, if not an outright contraction, in new mortgage applications.\r \r Source : South China Morning Post\r Read more...Chinese banks brace for tough year as low interest rates,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125758,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-hit-record-high-but-cost-of-living-crisis-likely-to-cool-market\/","url_meta":{"origin":134386,"position":1},"title":"UK house prices hit record high but cost of living crisis likely to cool market","date":"April 7, 2022","format":false,"excerpt":"\r Shortage of homes for sale and \u2018race for space\u2019 drove average cost to 282,753 in March, says HalifaxUK house prices hit a record of \u00a3282,753 in March but are likely to ease over the next year as homebuyers face higher interest rates and the cost of living squeeze, Halifax\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-first-time-buyers-face-toughest-time-since-financial-crisis-says-uk-housebuilder\/","url_meta":{"origin":134386,"position":2},"title":"Young first-time buyers face toughest time since financial crisis, says UK housebuilder","date":"May 28, 2026","format":false,"excerpt":"\r Barratt Redrow boss says rising interest rates, higher student debt and squeeze on wages hitting property dreamBusiness live \u2013 latest updatesThe boss of Britain\u2019s largest housebuilder has said it is the most challenging time to be a first-time buyer since the financial crisis, as the dream of home ownership\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-profits-plunge-75-as-number-of-houses-built-slumps\/","url_meta":{"origin":134386,"position":3},"title":"Barratt profits plunge 75% as number of houses built slumps","date":"September 4, 2024","format":false,"excerpt":"\r Cost of living crisis, higher mortgage rates and weak consumer confidence weigh on housing market in past yearBarratt Developments has suffered a 75% drop in annual profit and a double-digit decline in home completions after a \u201cchallenging\u201d year for Britain\u2019s biggest housebuilder.The company said the past year had proved\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ignoring-the-lessons-of-the-financial-crash-letters\/","url_meta":{"origin":134386,"position":4},"title":"Ignoring the lessons of the financial crash | Letters","date":"October 24, 2019","format":false,"excerpt":"\r Mistakes that led to the 2008 financial crisis are about to be repeated, fears Milan Bollecker, while David Reed is worried by the economic impact of soaring property pricesHistory never repeats itself but, according to the IMF, it might this time (Red alert as world ignores history lesson, 17\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-will-war-in-the-middle-east-affect-your-finances\/","url_meta":{"origin":134386,"position":5},"title":"How will war in the Middle East affect your finances?","date":"March 5, 2026","format":false,"excerpt":"\r The surge in energy prices could fuel higher inflation and raise interest rates, threatening a new UK cost of living crisisWar in Middle East \u2018could wipe out growth in UK living standards\u2019The war in the Middle East is thousands of miles away, but gyrations in financial markets and surging\u2026","rel":"","context":"In &quot;Property 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