Ireland’s Guide To Money And Living

Consumer watch

Consumer watch
Financial brush up

How financially savvy are you? Could you reel off the definition of a tracker mortgage without resorting to Google?

According to the latest Standard & Poor Financial Literacy Survey, just over half of Irish people are “financially literate”. Those living in the Scandinavia countries were deemed to be the most financially savvy, the survey revealed, followed closely by Canada.

To help you identify the weak points in your financial knowledge, The Irish Times‘ Fiona Reddan has prepared a simple test.

Toasty home

If your home is freezing due to poor insulation, and you can’t afford to fork out on a retrofit, you may be in luck. The Irish Independent’s Chai Brady and Kevin Doyle report this week on the expansion of the Government’s Warmer Homes scheme to combat energy poverty. Covered upgrades included solid wall insulation and renewable heating systems, available to those receiving fuel allowance and the family income supplement, among relief programmes.

“Everyone deserves a home they can afford to heat and to light. But, regrettably some cannot. Many struggle to make ends meet. And among those who struggle hardest, too many live in homes that are sink holes for fuel poverty. Ending this inequality is a priority for me,” said Minister for Communications, Climate Action and Environment Denis Naughten. “The Warmer Homes Scheme will remain the Government’s primary energy efficiency support for those in energy poverty. I have secured a record level of funding for the programme this year. I am announcing today that those people who meet the eligibility criteria for the Warmer Homes Scheme (in receipt of Fuel Allowance, Family Income Supplement or One Parent Family Payment) and are living in a home that is in particularly poor condition will be entitled to receive a new deep retrofit which will significantly upgrade their home free of charge.”

Pay with Apple

Finally, contactless payments via Apple Pay have been launched in Ireland, with consumers here now able to pay for purchases via certain Apple mobile devices. RTÉ News reports that the service will initially be available through debit and credit cards from KBC and Ulster Bank, though other Irish banks are likely to follow suit.

To use Apple Pay, you add your card details to the mobile app, hold your device over the payment terminal, and confirm the payment.

When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.