Ireland’s Guide To Money And Living

Consumer watch

Holiday cash

Heading off on a trip in the near future? Then make a plan for how much cash you’re going to need, or you could get stung with high withdrawal fees at ATMs abroad.

That’s according to the Irish Independent‘s John Cradden, who notes that local banks could have charges of up to €3 for using their ATMs, while if you pre-load your credit card before you depart, you will still be faced with a cash advance fee in the region of 1.5%.

Back to school worries

In other news, parents are facing average back to school costs of €400 this September. A survey conducted by the League of Credit Unions found that a third of Irish parents find themselves in debt trying to cover these costs. The survey also found that average costs for uniforms for primary school children are €166, and €213 for secondary school.

Living wage

Elsewhere, Irish Congress of Trade Unions (ICTU) delegates gathered in Clare on Wednesday for their annual conference. Chief among the topics being discussed was the issue of a living wage – Public Service Executive Union General Secretary, Tom Geraghty, proposed a motion to seek wage-led growth in excess of the rate of inflation.

A recent report by the Living Wage Technical Group has said that people need to be earning €11.50 per hour or €450 per week to be able to maintain an acceptable standard of living. However, the minimum wage for an experienced adult remains €8.65 per hour, and it can be as little as €6.92 for someone over the age of 18 in their first year of employment.

 

Share
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.
Share
Share