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Dublin: 10 °C Sunday 17 February, 2019

#Money Money Money

From TheJournal.ie Alcohol sales are up, but clothing sales are down Money Money Money

Alcohol sales are up, but clothing sales are down

Spending on alcoholic beverages accounted for 7.7 per cent of all spending in Ireland last year.

From TheJournal.ie One in 10 small businesses use debt collection agents to get money owed Money Money Money

One in 10 small businesses use debt collection agents to get money owed

Small businesses are having to wait an average of 62 days to get paid by creditors.

From TheJournal.ie Consumer confidence is up, but disposable income is down, says report Money Money Money

Consumer confidence is up, but disposable income is down, says report

Credit card debt is in decline, property transactions on the increase but new car sales continue to struggle.

From TheJournal.ie The Department of Finance spent €3.6 million on consultancy fees in the last year Fees

The Department of Finance spent €3.6 million on consultancy fees in the last year

Legal fees related to the Bank Guarantee account for much of the expenditure, but other consultancies cost the State around half a million euro.

From TheJournal.ie Netflix profits jump (but Wall Street isn't impressed) Results

Netflix profits jump (but Wall Street isn't impressed)

Netflix got its first Emmy nominations last week but its share price still slumped after it announced its results.

From TheJournal.ie Money repatriated abroad has fallen in the last six years Earnings

Money repatriated abroad has fallen in the last six years

Statistics show that the amount of money earned in Ireland by migrants and temporary workers and then sent abroad has fallen since the Ireland’s economic downturn.

From TheJournal.ie IMF gives the ok for €1 billion bailout loan for Cyprus Money Money Money

IMF gives the ok for €1 billion bailout loan for Cyprus

The IMF said the money is intended to stabilise the country’s ravage financial system.

From TheJournal.ie Rip-off pension charges make a 'huge difference' to your pension pot, says OECD expert Money Money Money

Rip-off pension charges make a 'huge difference' to your pension pot, says OECD expert

John Martin, who was behind the major OECD study published into Ireland’s pensions timebomb, says private pensions need to start sending regular letters out to people. Here’s why.

From TheJournal.ie Online customers for Paddy Power double as profits grow Gambling

Online customers for Paddy Power double as profits grow

The bookmaker announced record profits of almost €140 million today.

From The42 5 things Joe Flacco can buy now he's about to become super rich Money Money Money

5 things Joe Flacco can buy now he's about to become super rich

The Ravens quarterback is set to become the highest paid player in NFL history.

From TheJournal.ie Revenue Commissioners to be questioned about financial statements Money Money Money

Revenue Commissioners to be questioned about financial statements

The Public Accounts Committee will be questioning the head of Revenue today.

From TheJournal.ie Ireland to auction off €500 million of Treasury Bills on Thursday T-bills

Ireland to auction off €500 million of Treasury Bills on Thursday

The auction is the latest attempt to test the waters for Ireland’s eventual return to normal lending markets.

From TheJournal.ie Here's how much disposable income the average person in Ireland has Money Money Money

Here's how much disposable income the average person in Ireland has

The annual CSO study on income also found that the number of people unable to afford basic necessities has jumped significantly.

From TheJournal.ie Here is how much was won on Prize Bonds last year Money Money Money

Here is how much was won on Prize Bonds last year

The amount has increased significantly over the past three years as people sought safe places to put their money.

From TheJournal.ie In numbers: How much would we save by abolishing the Seanad? Money Money Money

In numbers: How much would we save by abolishing the Seanad?

We’ll be holding a referendum on abolishing the Seanad at some stage in 2013. So how much does it cost us every year?

From TheJournal.ie Small firms being 'strangled' by late payments - SFA Money Money Money

Small firms being 'strangled' by late payments - SFA

Companies are now waiting an average of 62 days to be paid, according to a survey by the Small Firms Association.

From TheJournal.ie Permanent TSB says it will increase lending fivefold this year Money Money Money

Permanent TSB says it will increase lending fivefold this year

Permanent TSB says it will significantly increase lending for mortgages and personal loans in 2013.

From TheJournal.ie Buzzfeed's internet empire expansion continues with $19.3m funding Money Money Money

Buzzfeed's internet empire expansion continues with $19.3m funding

The latest round of financing takes the total raised by Buzzfeed to $46.3 million.

From The42 Bayern players on track for record bonuses Money Money Money

Bayern players on track for record bonuses

It’s nice work if you can get it for the Bundesliga side.

From TheJournal.ie HSBC to pay $1.9 billion to settle money laundering probe Money Money Money

HSBC to pay $1.9 billion to settle money laundering probe

Banking giant HSBC paid the huge sum to settle allegations of money laundering that were said to have helped terrorists and Iran.

From The42 Cost of Premier League TV rights soar Money Money Money

Cost of Premier League TV rights soar

Broadcasting rights expected to bring in an extra €2.5 billion.

From TheJournal.ie Dáil's public spending watchdog hauls bosses in over health overspend Money Money Money

Dáil's public spending watchdog hauls bosses in over health overspend

The Public Accounts committee is going to question the heads of the HSE and the Department of Health about spending on drugs, overtime, and consultants.

From The42 Cashing in: Blake passes on 'arrogant' £25k offer from UK athletics Diamond League

Cashing in: Blake passes on 'arrogant' £25k offer from UK athletics

Instead of picking up chump change in Birmingham, Yohann Blake will bag £300,000 in the next three weeks.

From The42 Wait a minute: Why was that Japanese coach handing a wad of $100 bills to a gymnastics judge? Money Money Money

Wait a minute: Why was that Japanese coach handing a wad of $100 bills to a gymnastics judge?

Don’t tell me it’s just the cost of photocopying these days.

From TheJournal.ie Parties got €12.6m from State and €31k in donations in 2011 Political Currency

Parties got €12.6m from State and €31k in donations in 2011

The Standards in Public Office Commission has released new data this evening on how much the State gave political parties and how much parties received in disclosed donations.

6 super-rich people who say 'tax me more' Tax Us This post contains videos

6 super-rich people who say 'tax me more'

Higher taxes for higher earners – what a silly thought, right? But some of the world’s richest are in agreement.

From TheJournal.ie Denis O'Brien the biggest Irish loser on the Sunday Times Rich List Money Money Money

Denis O'Brien the biggest Irish loser on the Sunday Times Rich List

It’s not all bad news for O’Brien though. He’s still Ireland’s second richest person.

From TheJournal.ie U2, Sir Paul and...er Posh Spice make Sunday Times millionaire musicians list Money Money Money

U2, Sir Paul and...er Posh Spice make Sunday Times millionaire musicians list

MCD boss Denis Desmond and Michael Flatley are among the Irish names on the list…

From The42 Fair play: Championship clubs votes to curb excessive spending Money Money Money

Fair play: Championship clubs votes to curb excessive spending

The football league will implement new rules across all three divisions.

From The42 Shadow Boxing: Pacquiao camp resist Mayweather invite Money Money Money

Shadow Boxing: Pacquiao camp resist Mayweather invite

May date would be ‘foolish from an economic standpoint’ says Pacman adviser.

From TheJournal.ie 'Worrying' level of overspending at Irish universities, says TD Money Money Money

'Worrying' level of overspending at Irish universities, says TD

A Cork TD has expressed disbelief at UCC’s €138,000 taxi bill.

DAVID AND VICTORIA Beckham may be multimillionaires but it seems they too have been thinking about penny-pinching of late.

The couple have fired 14 of their 50 staff after their accountant told them that the were “haemorrhaging” money.

Victoria allegedly called for the audit of their personal finances, feeling that it was inappropriate to continue lavish spending when so many people were struggling financially.

Interestingly, although staff have been fired the corresponding number of jobs have not fallen: among the staff let go was one cleaner who had worked for the couple for eight years – that staff member has been subsequently replaced with two “cost efficient” foreign staff.

It seems the Beckhams aren’t simply streamlining – they also want more bang for their buck.

We’ve been thinking of other ways that the couple could save money instead of cutting staff – and guess what? We’ve come up a few…

1. Handbags

Victoria Beckham is notoriously fond of the Hermès range of Birkin handbags, but they certainly don’t come cheap. One of these pieces of arm candy will generally set you back anything from €3,000 to  €7,000.

Victoria reportedly owns around 100 Birkins, including deluxe versions made from materials like pink ostrich skin and black crocodile (worth as much as €51,000 each) and also the ‘Silver Himalayan’ style, which comes with three-carat diamond attached – as well as an eye-watering price tag of €97,660.

(Given that she’s such a good customer, we wonder if the Hermès “Victoria“  model is named after her?)

The total amount that she has spent on Birkins has been estimated to be €1.8m.

So, considering that an average cost per hour for a cleaner in central London is £6 – and considering that the Beckhams may pay over the going rate for security and discretion – we calculate that a full time cleaner, at £12 an hour, would cost about £25,000/€30,500 a year.

In other words, Victoria, that’s just four handbags fewer a year to provide another human being with well-paid, secure employment.

(Or just one fewer of the deluxe models.)

2. Exotic pets

The Beckhams have reportedly adopted some new pets this year: two “micro pigs” at a cost of €8,550 each.

Wonder how else you could spend €17,000? Strangely, that equals a part-time wage…

3. Italian shopping sprees

On a shopping spree in January, Victoria reportedly bought 20 pairs of Dolce and Gabbana shoes, 12 pairs of Versace sunglasses and a €490,000 Rolex watch.

Victoria apparently finds it difficult too resist splashing out in the Italian fashion capital, reportedly saying:

“I’ve spent too much. Shopping is like a drug. The more you have the more you want. When I’m in Milan I don’t know how to resist it. The things in those wonderful boutiques are saying, ‘Come and buy me, come and buy me.’ Anyway, it helps the economy.”

So considering that this one outing reportedly cost about €1,220,000… eh, do we need to spell it out?

Although, to be fair to the Beckhams, don’t have expensive taste in everything. Victoria is apparently very fond of Liebfraumilch when she fancies a tipple (a sweet German white wine that retails at a very reasonable €3.49).

Classy.

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