Finances

montly cell telephone invoices or health insurances.

Calculate what remains and subtract an additional amount for emergency or unanticipated expenses. They should then be returned with the amount of cash that is available to you and that can be transformed into a monthly amount. When you can manage to put some cash aside, you should do so, especially as the amount of financing you get may differ between years.

As an alternative, you can also cash out the amount you can issue at the beginning of a workweek. As you will see, there are employees at the school who can give you tips on how to manage your finances. Consultation is also available from Oxford SU. Keep your expenses and finances under your wing so you don't have to worry.

What impact has the global economic downturn had on your finances?

The shock waves on people's finances are still being felt ten years after the onset of the global economic downturn. Our indebtedness is at an all-time high and our banking institutions are rapidly vanishing from the mainstream. The low interest rates have given depositors poor yields for a decade, but it has never been lower for mortgages.

Given the changing economic climate, the issue arises: "Is my finances ready for the next ten years? "Here we explore four areas of finance - housing, saving, lending and finance - to uncover the sustainable heritage of the global economic downturn. According to the Office for National Statistics and the Land Registry, the UK housing market dropped from a pre-crisis high of £190,032 in September 2007 to a low of £154,452 in March 2009.

Meanwhile the cost of an ordinary home has rallied to £228,384. There is no such thing as an ordinary home, and for home-owners there has been a genuine north-south gap in housing rates over the last ten years. London and the south-east have seen an increase in inflation, but elsewhere in the UK the situation is very different.

"Despite the fact that a ten-year period has elapsed since the accident, home values have still not returned to 2008 level in many UKermarkets. Home price falls in the most affected submarkets persisted for up to four years after 2008, as residential property demands were hampered by narrower loan access and sluggish output growth. However, the impact of the crisis on household purchasing was not felt until the end of the year.

" Home values in the capitol began to increase sharply in 2010 as jobs increased and the number of foreign investment increased, he said. This means that the entire London residential property markets have property values that are more than 50% above 2008 level. Analysts assume that price increases will persist, albeit less than in the last ten years and even less in London.

In the UK, the Office for Budget Responsibility forecasts real estates inflation of 2.4% by the end of 2019, while real estates brokers Strutt & Parker have forecasted an increase of 2.5% per annum over the next two years. Meanwhile, PWC bookkeepers have forecasted that UK housing rates will increase by 4% per annum on an annual basis by 2025.

The last ten years have been a catastrophe for British depositors, especially for those who had achieved good yields in previous years. 1,000 pounds hidden in a bank saving accounts a ten year before the fall would have resulted in sound interest rates of 652 pounds. However, anyone who has hidden 1,000 pounds in an escrow account over the last ten years would have earnt interest of only 149 pounds.

This is because in September 2008, according to Bank of England figures, the Bank of England's mean deposits accounted for 3.1% interest. A decade ago you could get 5% on immediate saving, more than 6% on a one-year note and 7% on a five-year note from well-known main road incumbents.

James Blower, the creator of The Savings Guru, says that some 30 new banking houses and 40 new vendors have joined the saving sector since the accident. However, the large incumbent financiers still account for around 85% of UK saving and the loyalties of many depositors are paid back by receiving little or no interest on their nested egg.

The Hargreaves Lansdown study indicates that the amount of cash in bank balances that have been kept without interest for the past ten years has risen enormously, from £48 billion in September 2008 to £164 billion today. "Whilst the value of the austerity store continues to increase by around 5% a year to more than 1.5bn, newcomers have used much of the gains in value instead of making significant advances over large companies," Mr Blower said.

However, things could soon get better, prophesied Sarah Coles, Hargreaves Lansdown's staff financial researcher. "Here, depositors have good reasons to be more upbeat about the future," she said. "This is because the regulatory authority is looking more carefully at how the sector works to keep depositors safe from the cheapest interest rate.

" Over the last ten years the mean level of households' indebtedness has increased from less than £3,000 to £4,000. The longest 0% account carryover in 2008 was 15-month. "He said it was a cause of the increase in people' s debts. "It has been simple and inexpensive over the last ten years, but repayment will turn out to be a long and expensive battle for some.

" Current accounts have also evolved over the last ten years. As interest prices increase, the seemingly modest level of indebtedness can now quickly turn into a problem. Tesco and Sainsbury's hypermarkets already appeared to be the most likely contenders in 2008. "There has been far too little speed of transition and more needs to be done to transform the way banks do business once and for all by creating more visibility into the use of funds, the exposure of CO2 emissions, reports on impacts and the use of venture capitals to reflect environment and social hazards.

" This means that a bank must react to the evolving needs of its clients over the next ten years.