Latest news with #BeyondRetro
Metro
24-05-2025
- Business
- Metro
This is how much your overdraft limit should be, according to your age
I'll never forget being a naive, 18-year-old fresher, checking my bank account at the end of the month to see if I had enough money to go to the pub after uni. Usually, after rent, splitting bills with housemates, and paying my gym membership from my part-time job, I'd be left with enough for a couple of pints. Until one day, £2000 magically dropped into my Santander student account. Confused at first as to where it came from, these concerns soon transitioned into 'I'm rich,' when I realised my bank had 'gifted' me a lovely overdraft to spend at my leisure. This, of course, was followed by a shopping spree at Beyond Retro, lunch in the Brighton Laines, and an afternoon sesh at East Street Tap. Looking back, I can see how silly my spending habits were and how dangerous they could become. But with 2K casually landing in a few of my friends' accounts – during the height of summer – it was safety in numbers. Thankfully, I managed to pay my overdraft off before the charges kicked in, which saved me a whole lot of future debt. It also forced me to become more responsible with money, focusing on saving it, rather than spending. But the whole scenario got me thinking: what should your overdraft limit be, according to your age? Because at 18, a random and unasked-for £2000 doesn't seem like the brightest idea. Hopefully, almost a decade later, it's a thing of the past. With this in mind, Metro spoke to Matthew Sheeran, money saving expert at Money Wellness, and finance specialist Pernia Rogers, founder of Your Finance Travel Buddy, to get the low-down. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 'There's no one-size-fits-all answer to how much your overdraft limit should be, but we do see some patterns based on age and life stage,' explains Sheeran. Rogers agrees, adding: 'A more practical approach is to set your overdraft limit according to your income, which usually grows as you get older.' But for clarity, the pair have split these guidelines into age groups: 'If you're 18 to 24, your overdraft limit will typically be somewhere between £100 and £500,' says Sheeran. At this stage, most people are studying or just starting out in work, so they don't need or qualify for a large buffer. If you're unsure of what bank account to go for as a student or young adult, Rogers says that many student accounts offer interest-free overdrafts of around £500. 'These can be useful if managed carefully, but it's important to treat it as a buffer, not free money,' she warns. If only I'd had such advice back in the day. According to Sheeran, this is when we expect to see limits rise to around £500 to £1,000. 'As people's income increases, they start taking on more financial responsibilities like rent or bills,' he states. Rogers elaborates: 'Early in your career, between the ages of 25 and 30, when your income is more stable, banks may offer larger overdrafts.' However, the expert still urges you to be sensible. Rogers says it's a smart idea to limit your overdraft to about one month's salary and only use it in emergencies. By the time people are in their late thirties or early forties, their overdraft might be as high as £1,500, Sheeran reveals. But ideally, it's used only for unexpected costs, not everyday spending. The amount is likely increased to this level due to higher earnings and the expectation that people this age are more financially mature. Meaning, they typically refrain from splurging on superficial purchases. More Trending Once you're older – around the 30+ age – and more established, you'll have access to higher limits, explains Rogers. However, your overdraft should never be part of your regular income. 'Once people reach their mid-forties and beyond, it's common to see limits start to shrink again,' Sheeran says. He puts this figure at around £500 to £1,000, as people become both more financially stable and look to reduce their reliance on credit. Overall, he says it's important to remember that your overdraft is still a form of borrowing, and if you're constantly in it, that could be a warning sign that something's not quite right with your budget. View More » 'It's designed to be a short-term safety net, not a regular source of money.' MORE: The 'unusual' way you can build your credit score as a renter — and make your money work harder MORE: My credit score was so bad I couldn't get a phone — now I'm a homeowner MORE: Map reveals the UK loan hotspots where people borrow the most money
Fashion Network
14-05-2025
- Business
- Fashion Network
Coachtopia, Bank & Vogue collab moves from bags to clothing
Coachtopia continues to be one of the most interesting sustainability initiatives from a major brand and Beyond Retro's parent company Bank & Vogue continues to be one of the most important global players in secondhand and upcycled fashion. So when the two return for a second collaboration, it's bound to make waves. They've move on from their bags collab (which only debuted in March) and have now produced a clothing capsule. It's a limited-edition Patchwork Edit that 'champions reuse and reimagination by transforming pre-loved garments into striking, one-of-a-kind pieces'. Using components from discarded textiles, the Patchwork striped shirt and trousers avoid the creation of new materials, 'underscoring both brands' commitment to reducing fashion waste'. The lightweight set is designed for everyday wear and no two pieces are the same. Each shirt and trouser set feature its own combination of patterns and colours, 'celebrating the uniqueness of the upcycled materials used in their construction'. Catch said that 'this collaboration is part of Coachtopia's ongoing mission to rethink waste and reimagine fashion through the lens of circularity, creativity, and community'. Coachtopia first launched in spring 2023 and saw Coach rethinking the way it makes bags. Targeting young consumers, it's priced a little below the regular Coach offer and makes the most of surplus materials. It saw the company completely rethinking the product process with new bags made from the leftover materials that usually go straight to landfill and were previously seen as unusable. Bank & Vogue meanwhile, as parent company of Beyond Retro, is behind the biggest European secondhand fashion operation. But it goes further than that and the company led by Steven Bethell (who lives off the grid in the Canadian wilderness in his spare time) also operates the largest remanufacturing plant in the world. It takes post-consumer waste and transforms it into relevant products, working with big brands to help them bring their sustainability platforms to the next level.
Fashion Network
14-05-2025
- Business
- Fashion Network
Coachtopia, Bank & Vogue collab moves from bags to clothing
Coachtopia continues to be one of the most interesting sustainability initiatives from a major brand and Beyond Retro's parent company Bank & Vogue continues to be one of the most important global players in secondhand and upcycled fashion. So when the two return for a second collaboration, it's bound to make waves. They've move on from their bags collab (which only debuted in March) and have now produced a clothing capsule. It's a limited-edition Patchwork Edit that 'champions reuse and reimagination by transforming pre-loved garments into striking, one-of-a-kind pieces'. Using components from discarded textiles, the Patchwork striped shirt and trousers avoid the creation of new materials, 'underscoring both brands' commitment to reducing fashion waste'. The lightweight set is designed for everyday wear and no two pieces are the same. Each shirt and trouser set feature its own combination of patterns and colours, 'celebrating the uniqueness of the upcycled materials used in their construction'. Catch said that 'this collaboration is part of Coachtopia's ongoing mission to rethink waste and reimagine fashion through the lens of circularity, creativity, and community'. Coachtopia first launched in spring 2023 and saw Coach rethinking the way it makes bags. Targeting young consumers, it's priced a little below the regular Coach offer and makes the most of surplus materials. It saw the company completely rethinking the product process with new bags made from the leftover materials that usually go straight to landfill and were previously seen as unusable. Bank & Vogue meanwhile, as parent company of Beyond Retro, is behind the biggest European secondhand fashion operation. But it goes further than that and the company led by Steven Bethell (who lives off the grid in the Canadian wilderness in his spare time) also operates the largest remanufacturing plant in the world. It takes post-consumer waste and transforms it into relevant products, working with big brands to help them bring their sustainability platforms to the next level.
Fashion Network
14-05-2025
- Business
- Fashion Network
Coachtopia, Bank & Vogue collab moves from bags to clothing
Coachtopia continues to be one of the most interesting sustainability initiatives from a major brand and Beyond Retro's parent company Bank & Vogue continues to be one of the most important global players in secondhand and upcycled fashion. So when the two return for a second collaboration, it's bound to make waves. They've move on from their bags collab (which only debuted in March) and have now produced a clothing capsule. It's a limited-edition Patchwork Edit that 'champions reuse and reimagination by transforming pre-loved garments into striking, one-of-a-kind pieces'. Using components from discarded textiles, the Patchwork striped shirt and trousers avoid the creation of new materials, 'underscoring both brands' commitment to reducing fashion waste'. The lightweight set is designed for everyday wear and no two pieces are the same. Each shirt and trouser set feature its own combination of patterns and colours, 'celebrating the uniqueness of the upcycled materials used in their construction'. Catch said that 'this collaboration is part of Coachtopia's ongoing mission to rethink waste and reimagine fashion through the lens of circularity, creativity, and community'. Coachtopia first launched in spring 2023 and saw Coach rethinking the way it makes bags. Targeting young consumers, it's priced a little below the regular Coach offer and makes the most of surplus materials. It saw the company completely rethinking the product process with new bags made from the leftover materials that usually go straight to landfill and were previously seen as unusable. Bank & Vogue meanwhile, as parent company of Beyond Retro, is behind the biggest European secondhand fashion operation. But it goes further than that and the company led by Steven Bethell (who lives off the grid in the Canadian wilderness in his spare time) also operates the largest remanufacturing plant in the world. It takes post-consumer waste and transforms it into relevant products, working with big brands to help them bring their sustainability platforms to the next level.
Fashion Network
14-05-2025
- Business
- Fashion Network
Coachtopia, Bank & Vogue collab moves from bags to clothing
Coachtopia continues to be one of the most interesting sustainability initiatives from a major brand and Beyond Retro's parent company Bank & Vogue continues to be one of the most important global players in secondhand and upcycled fashion. So when the two return for a second collaboration, it's bound to make waves. They've move on from their bags collab (which only debuted in March) and have now produced a clothing capsule. It's a limited-edition Patchwork Edit that 'champions reuse and reimagination by transforming pre-loved garments into striking, one-of-a-kind pieces'. Using components from discarded textiles, the Patchwork striped shirt and trousers avoid the creation of new materials, 'underscoring both brands' commitment to reducing fashion waste'. The lightweight set is designed for everyday wear and no two pieces are the same. Each shirt and trouser set feature its own combination of patterns and colours, 'celebrating the uniqueness of the upcycled materials used in their construction'. Catch said that 'this collaboration is part of Coachtopia's ongoing mission to rethink waste and reimagine fashion through the lens of circularity, creativity, and community'. Coachtopia first launched in spring 2023 and saw Coach rethinking the way it makes bags. Targeting young consumers, it's priced a little below the regular Coach offer and makes the most of surplus materials. It saw the company completely rethinking the product process with new bags made from the leftover materials that usually go straight to landfill and were previously seen as unusable. Bank & Vogue meanwhile, as parent company of Beyond Retro, is behind the biggest European secondhand fashion operation. But it goes further than that and the company led by Steven Bethell (who lives off the grid in the Canadian wilderness in his spare time) also operates the largest remanufacturing plant in the world. It takes post-consumer waste and transforms it into relevant products, working with big brands to help them bring their sustainability platforms to the next level.
