Business
Guernsey event to help islanders save on energy bills
An electricity event is being held in Guernsey in a bid to help islanders save money on energy bills during the winter.
Guernsey Electricity will hold the Powering Life for Less Show at St Pierre Park Hotel between 10:00 and 15:00 BST.
Gareth Wordingham, from Guernsey Electricity, said tips on how best to use appliances would be offered.
“What we’re looking for is helping all people on Guernsey reduce their expenses both on energy and more widely across the home,” he said.
Mr Wordingham said: “We’ve worked with people who are offering savings for people and how to help them and tips they can take home and use.”
He said customer services advisers would be on hand to help people with bills as well as The Repair Cafe, Guernsey Welfare Service and the Little Green Energy Company.
Mr Wordingham said there were lots of things customers could do to save energy and money, including using electricity during cheaper times.
“Almost 90% of customers in Guernsey have a two rate meter and are on super economy 12, and so if you use your electricity at those cheaper times you can save over 50% of the cost for it,” he said.
He said setting washing machines and dishwashers to eco mode could lead to savings of more than 35%.
“We’ll be there helping people [to know] how to set their immersion heaters so it doesn’t come on too often and saves money for them in that way as well,” he said.
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From budgeting and building an emergency fund to saving and investing, here’s a guide to help you achieve financial success in your 20s.
How to achieve financial success in your 20s?(Representative Image)
Your 20s are a time of new beginnings, you start living on your own, secure your first job, manage your own expenses, experience heartbreaks and discover new things about yourself. But amid all these changes, this is also the perfect time to build habits that can benefit your future.
The earlier you start managing your finances, the stronger your financial foundation will be. From budgeting and building an emergency fund to saving and investing, here’s a guide to help you achieve financial success in your 20s.
Realistic Budget
Track every rupee, know exactly what you earn and where it’s being spent. Separate your needs and wants, and plan your expenses accordingly. Always prioritise essentials like rent, utilities, and groceries before spending on leisure. This simple practice helps build financial discipline and keeps your money in control.
An Emergency Fund
Life is full of surprises! Unexpected expenses like losing a job, sudden medical bills, or car troubles can come out of nowhere. It’s important to have an emergency fund with 3 to 6 months’ worth of savings in a reliable account. It’s your backup plan that keeps you financially steady when life throws a curveball.
Pay Yourself First
Save before you start spending. As soon as your salary is credited, set aside a portion of it for savings before spending it on anything else. Automate this process by directing the amount to a savings or investment account. Over time, this small habit can build strong financial discipline. Even saving 10 per cent each month can go a long way.
Magic Of Compound Interest
Investing in your 20s helps your money grow faster over time through compound interest. Start small with options like SIPs or PPFs. The earlier you begin, the more your wealth can grow over time.
Learn To Handle Credit
Your credit history represents your financial identity and can open new ways if managed well. Make it a habit to pay bills on time, maintain low credit card balances, and borrow only within your means. A good credit score can help you get better loans and rent homes more easily.
Popular Investment Options
Investing early allows you to grow your wealth and secure a financially stable future. Here are some popular options to consider:
Mutual Funds: Diversify your portfolio with professional management.
Index Funds & ETFs: Low-cost investment options that track the performance of market indices.
Stocks: High-risk, high-reward investments that can offer significant growth over the long term.
Cryptocurrencies: For those open to high-risk, high-volatility investments with potential for large returns.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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October 25, 2025, 11:07 IST
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Business
US-China trade deal: Delegations begin talks in Kuala Lumpur; Trump’s 155% tariff threat looms – The Times of India
China and the United States kicked off their latest round of trade talks in Malaysia on Saturday, as the world’s two largest economies attempt to prevent further escalation of a costly tariff dispute. “The Chinese and US delegations convened on Saturday morning for talks on economic and trade issues,” official Xinhua news agency reported, as cited by AFP.These discussions come as the two nations get embroiled in a new wave tariff tensions.Chinese vice premier He Lifeng is leading a delegation to Malaysia from October 24 to 27 to hold economic and trade talks with the United States, the Chinese commerce ministry had said earlier in a statement.US President Donald Trump had threatened 100% additional tariffs on Chinese imports after Beijing’s introduction of sweeping controls on its vital rare earths industry earlier this month. Both nations have imposed arrival fees on each other’s ships, after a US “Section 301” investigation concluded that China’s dominance in the sector was unreasonable. Trump had also warned he might cancel his anticipated meeting with Chinese President Xi Jinping in South Korea, which was scheduled on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit beginning October 31. Despite these tensions, the US president has underlined his aim to secure a “good” deal with China and end the trade war. The ministry had earlier said the discussions will focus on “important issues in the economic and trade relationship between China and the United States.” The timing of the talks coincides with President Trump’s visit to Kuala Lumpur for the Association of Southeast Asian Nations (ASEAN) meeting from October 26 to 28.
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Bank customers and investors in India can safeguard a portion of their regular income in accessible and beneficial emergency fund options.
Where should you maintain an emergency fund? (Representative Image)
An emergency fund is the financial cushion you require during stressful and uncertain times to sustain your existing livelihood and safeguard your family’s needs and interests. In India, due to rising inflation and other economic challenges, low-income and middle-class citizens are often just a medical bill or job loss away from facing poverty. An emergency fund helps you shield against such unforeseen events, helping you stay afloat despite paying for medical coverage and riding the wave during unemployment days.
Fortunately, bank customers and investors in India have the option to safeguard a portion of their regular income in accessible and beneficial emergency fund options such as savings accounts, fixed deposits and post office schemes. Here is what you should know before determining the best option among the three for yourself.
Saving Accounts: Easy Access But Moderate Interest
Holding a savings account gives you easy access to your bank balance while earning moderate interest on the savings. Bank customers having a savings account can undergo the fastest transactions and fund transfers during emergencies using UPI, debit card and ATM facilities. While the interest earned on maintaining a savings account is quite low, customers also enjoy easy liquidity and a clean audit trail. However, you should keep track of the minimum balance rules during heavy withdrawals and you can also opt for a sweep-in facility provided by certain banks, where the surplus automatically moves into short-term deposits.
Fixed Deposits: Safety Plus Predictable Returns
Fixed Deposit is a financial instrument offered by the bank where customers can deposit a lump sum amount for a predetermined period at a fixed interest rate. FDs are known for their low risk value and predictable returns, making them a highly attractive option for those looking to ensure coverage during uncertain periods of life in the near future. But while safe and beneficial, FDs don’t provide easy access or liquidity. Premature withdrawal is only allowed after paying a small penalty or signing up for lower interest.
Post Office Scheme: Govt’s Safety, Workable Access
For those looking to maintain an emergency fund via a post office savings account or schemes, the government of India provides safety for the sum assured, stability on interest and multiple tax benefits. The accessibility and liquidity are also usually great, with account holders able to access their funds and make quick transactions during tough times. They also enjoy tax benefits on different schemes and quarterly interest payout.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
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Delhi, India, India
October 25, 2025, 07:47 IST
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From Budgeting To Investing: A Complete Guide To Managing Money In Your 20s
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