The Money Ed Podcast
By The Money Ed Podcast
Each week we'll tackle the important topics within personal finance that really matter to you, in an easy to listen to and informative way.
The best way to improve your personal finance is through education, and we want to provide a place where you can learn outside of the classroom, office or lecture hall.
Email us at moneyedinfo@gmail.com
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The Money Ed PodcastMar 12, 2020
Setting yourself up for 2021 with Mr Avocadough
In episode four of our latest series, I sat down with Mr Avocadough, a personal finance influencer and content creator to talk about some of the most important things you need to think about in the year ahead.
We spent time reflecting on 2020 and the lessons learnt and how we can apply what we've learnt into 2021. In particular, we focused on budgeting, the importance of emergency funds, as well as some of the best ways to get into investing
You can find Mr Avocadough on Instagram, where he posts daily content focusing on all aspects of personal finance.
You can find last weeks episode here
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If you have any questions, or want to hear a specific topic, you can get in touch with us at the usual places.
Email us at moneyedinfo@gmail.com
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Looking after your wellbeing in 2021 with Gaby Mendes
We're back with episode 3 of our latest series! In this show I spoke to Gaby from TalkTwenties all about how to look after yourself in 2021.
This was actually such great show and we covered a number of different topics, which I think are all so important when think about our wellbeing. We didn't just focus on money, we spoke about the effect social media is having on us and how to deal with friendships moving into your twenties
We also spoke about the great work that Gaby is doing with TalkTwenties, an online platform looking to help people in their twenties get through their life. They have a website, run online workshops, and Gaby hosts their award winning podcast!
You can find out more about talk twenties on their website, Instagram page and you also their Podcast (Spotify & Apple)
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Have any questions, or want to hear a specific topic? Get in touch!
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Surviving the rental market, with Hannah Chappatte (HYBR)
In episode two of our latest series, I sat down with Hannah, CEO and Co-Founder of HYBR, an online platform looking to disrupt the university rental market.
In the episode we spoke about number of the issues with renting as a university student. But don't worry, it's not all doom and gloom! We also spoke about some ways you can make the most of renting and save money. Hannah also told us what it was like living under one roof with 14 people!!
If you are worried about renting as a student, or want to find out more about the work HYBR are doing, then have a listen!
Check out HYBR's website to find out more about their service. They also have a number of incredible blogs written by team members at HYBR, as well as special guest blogs.
You can also check out their instagram page to find out more.
To listen to last weeks episode all about pensions, click here
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Have any questions, or want to hear about a certain topic? Get in touch!
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How to become a millionaire! with Holly Nardi
In the first show of our new series I sat down with Holly, founder of Get Woke Not Broke, to discuss the easiest way to become a millionaire... aka investing in your pension!
In the show we spoke about pensions and the benefits they bring; why its so important to start investing early; and also how investing in your pension can positively impact the environment.
Get Woke Not Broke isa personal finance platform set up to help young adults navigate the world of personal finance. You can find Holly's content through the following links:
- Get Woke Not Broke website & Instagram
- Holly's ESG blog in partnership with PensionBee
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Watch this episode on Youtube
Young in 2021 - Series Six Trailer
Exploring the world of investing - Series Summary
Welcome to the final episode of series 5, Exploring the world of investing.
In this episode we're looking back on some of the key take-aways from this series and discuss what we believe to be most valuable things you need to consider when investing. This whole series has been about introducing you to investing, but equally what we have spoken about is important for any level of investor!
If you missed last weeks episode where we looked back on 2020 from an investing perspective, click here
We hope you've enjoyed this series and if you have any questions on anything we've spoken about throughout the series, you can get in touch with us below.
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Looking back on a wild 2020!
On this weeks episode we're looking back on 2020 and the wild ride financial markets have been on. This has been a unique year, so its important to understand exactly what has gone on and the impact it has had!
Whatever level of investing experience you have, understanding what has gone on this year and what we might expect from 2021 can give great insight into how markets react to news flow and what that can mean for us as retail investors!
Check out last weeks episode on Sustainable Investing
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An introduction to Sustainable Investing
On our latest show, we discuss sustainable investing and the important part it plays in our investing journey.
In the show we breakdown sustainable investing, how to differentiate between different parts of sustainable investing, and most importantly, how you can invest sustainably.
This show is perfect for those of you who want a better understanding of this universe and simply why its so important. I'm a true advocate of sustainable investing and I believe it will play a crucial role in solving the environmental and social issues of the world.
To find out more about sustainable investing, check out the Forum for Sustainable and Responsible Investment
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How do you choose between different investing platforms??
In our latest episode, we're talking all about investing platforms and which one's you can use depending on your position.
Deciding which platform is for you depends on a number of personal criteria, but hopefully this episode will give you a better idea of which one my be best suited to you!
Here are four platforms we speak about in the show and have experience using:
- Hargreaves Lansdown
- Trading 212
- Halifax iWeb
- Money Box
If you missed last weeks show, all about investing in your twenties, check it out here
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Why you should invest in your 20's (with Halanganiso Matan)
In our latest episode i'm sitting down with my mate Hlanganiso (H) to talk about why you should invest in your twenties.
We're here to talk to you guys about why you should invest, but also to talk through some of the reasons why you may not invest and try to debunk those myths.
It was another chilled conversation with one of my good friends, where we explored classic investing, talked about bitcoin and also discussed trading Pokémon cards?! So we hope you enjoy and get some value from it!
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Investing when you don't know how to invest
Whats going on guys, welcome back to our latest episode of the MoneyEd podcast.
On today's episode, I thought id go back a little bit to the basics of investing for beginners. This was inspired by one of my friends who asked me for some help a couple weeks ago, but this episode basically will help you to begin investing when you don't know how to invest!
IN the episode we talk about: what to think about before investing, platforms you can use, accounts, what investments to make and so on!
This is THE perfect episode for those who really don't have any idea about investing, but also don't really want to spend hours reading up on it.
As discussed in the show, the following links will be able to help you out:
- Trading 212, the platform I use to invest
- More information on the ISA options you have
- Understanding the different investments, through Money Advice Service
- Links to our episodes that discuss Risk and ISAs
Last weeks episode: ETF investing with Rize ETFs
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An insight into ETFs and thematic investing with David Barfoot from Rize ETFs
On todays episode I was lucky enough to be joined by David Barfoot, who works at Rize ETFs a specialist thematic ETF issuer.
In the first half of the show, David and I spoke in great length about what goes into creating an ETF and why they can be so beneficial to young investors. In the second half we spoke about thematic investing; what it is, why it is increasing in popularity and what the future holds for thematic investing! David was able to share his experience of working in the ETF universe and bless us with his knowledge on the sector and it was so great to have him on the show.
This episode is great if you want to understand ETF investing and the underlying make up of ETFs as well to understand what thematic investing is.
To find out more about Rize ETFs and the work they're doing in the thematic sphere, click the following links:
Rize ETF website
Rize ETF Twitter
Rize ETF LinkedIn
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An insight into Alternative assets
On this weeks episode we're looking at some of the less traditional asset you can invest in which are classed as 'alternatives'.
We specifically talk about Foreign Exchange, Real Estate, Hedge Funds, Private Equity. We'll look at what they are, how you can invest in them and the role they play in your investment portfolio.
To find out more info on the assets we've spoken about today, click the following links:
Foreign Exchange & Forex Trading
Real Estate & Real Estate Investment Trusts (REITS)
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A simple breakdown of Fixed Income
On this weeks episode were talking about fixed income as an asset class. Most importantly, we focus on what it is, the role it can plays in your investment portfolio and its involvement in wider financial markets!
Fixed income is by no means the most glorious investment to make, but understanding its role in the investing world can help you in your journey to becoming better investors.
Find last weeks episode here, where we spoke all about equities with my friend Ato from the Savvy Wallet.
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Investing in Equities with Ato from the Savvy Wallet
Welcome back to the latest show on the Money Ed podcast, and episode 5 of our latest series, Exploring the world of investing.
On today's show we're join by Ato from the Savvy Wallet. In the show we talked to Ato about investing in Equities. Equities are one of the most popular asset to invest in as retail investors, so its important we understand exactly what they are and the benefits they can bring us. We specifically looked at different types of equity investing, what you need to think about when investing in companies and ways to invest in companies while minimizing the amount of work you need to put in!
This candid episode show is perfect for those of you who want to better understand equities while avoiding all of the intimidating and confusing jargon!
You can find Ato at the Savvy Wallet on Instagram, YouTube and Twitter!
If you missed last weeks episode, all about passive vs active investing, click here!
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Active vs Passive investing - Which is best for you?
On this weeks episode we're going to be talking about the difference between active and passive investing.
Were going to discuss what the two investing strategies are, the pros and cons to each type of investing, and why the’re an important consideration on your investing journey.
If you missed last weeks episode click the link here to listen now!
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The assets, investing strategies and tips to help you grow
On this weeks episode, we're going to be exploring each of the different asset classes and investments you can make as retail investors. We’re also going to discuss some key tips that will help investors like you and me, and we'll finish the show talking about my personal investments and the justification for my ‘strategy’.
This episode is perfect for those who perhaps are aware of different asset classes but aren’t sure how you can apply them in your investing journey. It also a great way for you to learn which asset classes and which investing strategies might be right for you given your risk appetite as we discussed last week
If you missed last weeks episode, you can check it out, where we spoke all about Risk and how it affects your investment journey
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All you need to know about Risk
On this weeks episode we’re talking all about Risk: what It is, the role it plays in your investing, and how best to deal with it. We’ll also focus specifically on how we can determine your risk appetite and also the importance of understanding your capacity for loss.
This episode is perfect for those of us who don’t really understand risk, or still don’t appreciate its importance.
As we spoke about in the show, I've shared a great link where you can find out your risk appetite thanks to our friends at Standard Life
If you missed last weeks episode where we spoke about what you need to consider before investing, you can check it out here
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Investing - Where do we start??
In this series were going to introduce you to the most important parts of investing. Today's episode focuses on what we need to think about before we begin investing, specifically:
- Establishing an emergency fund
- Establishing your investing goals
- Ensuring you educate and understand
- Ensuring you know exactly how much you can afford to invest
We also discuss why we invest, when we should invest and how best to do it!
Is you missed last weeks episode, you can check it out here
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Serious about Saving - Series Summary
We're back with our final episode of series four, and what a series its been! On today's show, we're looking back at the series, what we've discussed, and the 5 key things you need to think about when it comes to saving!
The five key takeaway's from this series include:
- Defeating present bias
- Don't underestimate the power of compounding
- Keep your goals in sight
- The current downside of savings accounts
- Treating your savings as an essential outgoing
In case you missed it, last weeks episode was a stripped back discussion about saving with my friend Hlanganiso. If you missed that episode, you can find it here.
Want to get straight to the meaty stuff? Skip to 4m29s
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Saving through times of change with Hlaganiso Matangaidze
On this weeks episode, I sit down with my good friend Hlanganiso (H) to talk about saving through times of change. In the episode we have a discussion about saving through university, through times of transition and more generally about how we should manage our personal finances during times of difficulty.
If you missed last weeks episode, where we discuss saving during lock-down and the Covid-19 pandemic, click here
The episode where we discuss ISAs is here, Breaking down ISAs
Finally, here is the link to Loqbox, the app H was talking about which helps you manage your credit score
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How has Covid-19 affected our saving habits?
On this weeks show, were looking at how our saving has changed over the last 6 months.
No doubt our personal finances were affected by Covid-19. Everyone has had a different experience over the past few months, our outgoings have varied, and our income may has also changed. But for a lot of us we really should have tried to make sure our ability to save remains.
The links to the various shows i mentioned can be found below:
Our recent episode on the Psychology behind Saving
Our recent episode on ISAs
Last weeks episode, where i spoke to Logan Leckie about FIRE, Financial Independence, Retire Early, can be found here
You can email us at moneyedinfo@gmail.com
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Understanding FIRE: Financial Independence Retire Early
On this weeks episode were exploring the FIRE movement, and joining me as a guest to talk all about it is Logan Leckie.
For those of you who don't know, FIRE is a method people use to help them to save their money in pursuit of retiring early. FIRE shows you that retirement doesn't have to be an age, and that in fact its actually a number. Its a method that encourages saving an investing your money, with the aim of living off the investments returns.
Logan is a strong believer in the FIRE movement and currently developing an app that aims to help people better manage their finances while pursuing this strategy.
In the episode, we discuss the FIRE in detail, but a few specific topics we focused on includes:
- how to make the most of FIRE in your 20's
- the best way to manage FIRE
- how to calculate your Financial Independence (FI) number
- how young adults can implement it regardless of their financial situation
It was such a great episode and Logan shared so much useful information about FIRE. Most importantly though, he showed us that everyone can pursue this sort of strategy, whatever your financial situation.
You can find all the links to what we spoke about in the show below:
- Compounding Interest calculator
- Calculating your FI
- Mr Money Moustache, a famous blogger of the FIRE movement
- Two additional podcasts to help you further your understanding of FIRE:
- Choose FI
- Mad Fientist
- Topia Life is where you can get in touch with Logan and find out more about his app and FIRE
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The psychology behind saving
Welcome back to Episode 5 of the 'Serious about Saving' Series.
On today's episode we delve into how our behaviours, habits and views influence our saving. While it may be a part of personal finance we don't think about too often, having a little understanding and challenging your views can help us to improve how we save and more importantly how MUCH we save.
In the show we specifically discuss present bias. A great site to better understand bias can be found here.
There are also a number of biases that also impact how we manage our money, the best piece of content I found on these biases can be found here. It only 10 min long and explains the different biases in a way we can all understand!
We've also added the Psychology behind spending episode to the how notes!
You can also listen to last weeks episode, in case you missed it, Breaking down ISAs
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Breaking down ISAs
On this weeks episode, episode 4 of the Serious about saving podcast, we're talking all things ISAs!
Carrying on from last weeks theme, this week we're going to continue looking at individual savings accounts and how important they are when it comes to understanding our saving needs! Its a perfect episode to help you understand why ISAs can be such effective savings vehicles. However you view saving, these accounts provide a number of benefits in addition to simply being vehicles to keep your money in.
In the show, well look at the main accounts, including the pros and cons of each account and when they would be best for us. The accounts we look at include:
- Cash ISA
- Stocks and Shares ISA
- Lifetime ISA
- H2B ISA
We also spend a bit of time talking at the less traditional accounts including:
- Innovative finance ISA
- Junior ISA (for under 18s)
There are a number of websites where you can compare ISAs at different institutions:
- Money Super Market
- Compare the Market
- Which?
Each of these websites also break each of these accounts down, but you can also find out more information at the Money Saving Expert website
These websites make it easy for you to compare different accounts and take the hassle out of going through each website with the specific accounts!
If you missed last weeks show, where we look at savings accounts, you can listen here
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Saving accounts - which is best for you??
Welcome back to episode 3 of the 'Serious about Saving' series.
One this weeks episode were breaking down each of the various savings accounts to help you understand how you can make the most out of them and which one is best suited to you!
In the episode we'll look at:
- basic savings account
- fixed savings account
- regular savings account
- fixed-rate bonds
The world of savings accounts can be very complicated. This show is there to break them down to help you to understand how you can take advantage of the different rules and saving methods for each of these vehicles!
Show number five, where we compared specific high street banks can be found here
Likewise, show number seven, where we compared a number of mobile only banks, can be found here
Last weeks episode, where we talked about interest and the role it plays in our saving, can be found here
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The importance of Interest and Saving
Welcome to episode 2 of the Serious about Saving series.
In the second episode of our latest series, we discuss interest in detail. In the show we discuss:
- why interest is so crucial for our saving journey
- the relationship between interest and inflation
- compound interest
- how we can make the most of it going forward
Interest is often something we read a lot about, but some of the concepts its involved in can surpass us. This is most common especially with new savers! So check out this episode to find out how you can make interest work for you and your money.
As I said in the episode, you will find the following links super useful to help you learn about Interest:
A video on compound interest, provided by Investopedia, can be found here
For a simple breakdown of the pro's and cons of Interest can be found here
For a summary of the inflation and interest rate relationship, click here
Finally have a look at this compound interest calculator. Use this to work our just how much money you can earn in the long run, put in different amounts, different rates of interest and so on!
Listen to last weeks show Breaking down Saving
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Breaking down Saving with the PF Coach
Welcome to Episode 1 or our newest series, Serious about Saving.
In the first episode of series four, we welcome David, The personal finance coach to talk through some of the most important considerations when it comes to saving.
In the show, we discuss:
- the importance of goal setting
- creating an effective emergency fund
- managing multiple savings goals at once
- different savings vehicles for different circumstances
AND SO MUCH MORE!
Throughout our lives we're going to save for a number of things, big or small, and the show touches on some important ideas that will certainly improve your ability to save!
Its a show PACKED full of information, and David shared some seriously good tips for all you savers... its one you don't want to miss!
Last weeks show, which summarised the 'Managing our Outgoings' series, can be found here
You can follow David's personal finance Instagram account here @thepfcoach
You can also follow his blog, where he posts regularly about all things personal finance AND where you can find a free, Zero-Based Budgeting tool he has created!
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Managing our Outgoings - Series Summary
Welcome back to show number 20 of the Money Ed Podcast, episode 11 of the Managing our outgoings series!
We've reached the end of series four! Its been such a good series and we've covered so much. In this episode we discuss the five key takeaways from the series and we answer some questions from our listeners.
If you missed last weeks episode, click here to listen now!
Thank you to everyone who has supported the show throughout this series and continues to support the show. We've learnt a lot during the last 11 weeks and can see what sorts of episodes you guys prefer, so we will strive to continue to provide you with series' and shows that bring you as much educational value as possible!
If you want to get in touch, you can at on the following links!
You can email us at moneyedinfo@gmail.com
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The Psychology behind spending
Welcome back to show number 19 of the Money Ed podcast, episode 10 of the Managing our Outgoing series!
This week we're delving into the world of financial psychology: How our mentality impacts the management of our outgoings and how our thinking and views impact our spending. We also discuss how important it is to understand the emotions that our spending elicit's and why it is crucial to understand them
This show builds on some of the points we made in episode 3, also talking about psychology within personal finance, which can be found here
As mentioned in the show, last weeks episode can be found here
If you have any questions about the show, or want to get in touch, you can find out how below!
Get in touch via email at moneyedinfo@gmail.com
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How to handle our non-essential outgoings
Welcome back to show number 18 of the money ed podcast, episode 9 of the 'Managing our Outgoing' series.
This week we're looking at managing our non-essential outgoings. Often this is seen as one of the areas where we have to sacrifice the most in order to save. On this weeks show we look at how you can maintain a healthy balance of spending on these non-essential outgoings while understanding the importance of being disciplined. We don't want to tell you what you can and cant buy, but we would like to share with you why it is important to understand why you buy certain things and how we can try to combat this.
The link to last weeks show can be found here
As always check below if you want to get in touch, enjoy the show!
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Managing our everyday outgoings
Welcome to show number 17 of the Money Ed podcast, Episode 8 of the 'Managing our Outgoing' series.
This week we're talking about managing our everyday outgoings. I the show we talk about
- daily expenses we can reduce to save money
- the importance of mentality when think about reducing these outgoings
- how setting goals helps to reduce everyday outgoings
- the ability to change habits and how this can reduce your everyday outgoings
- some of the most ridiculous ways people have tried to reduce their spending
If you missed last weeks show, the link to episode 7, Renting vs Owning, can be found here
And as mentioned in the show, the episode where we discuss goal setting in general can be found here
Get in touch!
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Email us at moneyedinfo@gmail.com
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We've re-branded!! A quick channel update
Same shows, same brilliant content, but a new and improved look!
Check out our Instagram
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Renting vs Owning - How do we decide?
Welcome back to show 16 on the Money Ed Podcast, Episode 7 of the 'Managing our outgoings' series.
This week, with the help of my two friends, we're tackling a topic that is becoming more prevalent in society; the ongoing debate that is whether we should rent or buy!
In the first part of the show we being by talking about the current rental and property market and the outlook post Covid-19.
For the second part of the show I had the pleasure of talking to my two friends, Ali & Cecily, who are both currently renting and who aspire to one day own a house. It was great talking to them as they gave us great insight into renting; the advantages and disadvantages of it and some great stories of their own experience. They also shared their opinion of owning a property, why circumstance is such an important factor and why they are both keen to get on the property ladder. It was interesting to hear their views and also hear there thoughts on the bigger picture of ownership going forward.
It was great having Ali & Cecily on and we cant wait to have them back on again!
If you missed last weeks episode about mortgages and want to improve your understanding, click the link below:
Understanding Mortgages
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Understanding Mortgages
Welcome back to show number 15 of the Money Ed Podcast, episode 6 of the 'Managing our outgoings' series
A mortgage is one of biggest, if not THE biggest debt many of us will undertake during our lives. In this episode we break down mortgages, and go into detail on a number of specifics including:
- what a mortgage is, the application process and how lenders determine eligibility
- the various 'terms' of a mortgage
- comparing different mortgages and understanding fixed vs variable rates
- managing your mortgage repayments alongside your other essential outgoings
- how we can reduce the costs of our mortgage
This episode is great for anyone who wants to learn about mortgages, or who just want to brush up on the knowledge you already know!
Last weeks episode on student finance can be found here
If you want to learn more about credit score and managing your credit history, listen to episode 12 here
Get in touch!
If you have any questions or feedback for the show:
Email us at moneyedinfo@gmail.com
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Breaking down Student Finance
Welcome back to show number 14 of the Money Ed podcast, episode 5 in the 'Managing our outgoings' series.
As one of the largest debt’s we’ll take out during our formative years, it’s important to understand how student loans work. More crucially, there’s a lot of misunderstanding around the system and how it affects us, so we wanted to really go into detail on some of the main focal points surrounding the student loan system.
More specifically, this episode will cover:
- how student loan works
- the repayment process, how you repay and how much you’ll repay
- how we should prioritise our student debt repayments
- discussing whether the current student loan system is fit for purpose
If you want to find out more about student loan directly via the government or the Student Loans Company, click the links below:
Government website
Student Loans Company
If you missed last weeks show, where we covered credit cards, click here
And we also mentioned the 'Understanding our debt' episode, which can be found here
Get in touch!
If you have any further questions regarding anything we speak about in the show:
Email us at moneyedinfo@gmail.com
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Credit Cards - What you need to know
Welcome to show 13 of the Money Ed Podcast, episode 4 of the 'Managing our outgoings' series. This week were looking at credit cards!
This week we're addressing the slightly complicated topic of credit cards. Not many of us will use credit cards for a while, some of us may not use them at all, but having an understanding of how they work is important!
In the episode we'll discuss:
- the application process, including what factors influence your eligibility for a credit card
- the advantages & disadvantages of having a credit card
- credit score.. and debunking some myths around your credit score
By listening to this show, you should be able to come to a decision as to whether a credit card is something you need! It should also give you an idea of how to best manage your credit card repayments alongside your other essential payments.
Last weeks episode, 'Understanding Debt' introduced the topic of debt and answers some really important questions around how to best manage it! Click here to listen now
As with all debt, there are risks involved, and the negative side of debt can have a damaging impact on our financial and mental health. If you are struggling and need any help or support, we've provided the following links that can offer you professional advice and support :
National Debt Line
Money Advice Service
Citizens Advice Service
Salvation Army
CALM
Get in Touch
If you have any questions about anything in the show, or want to find out any further information
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The good, the bad & the ugly - Understanding debt
Welcome to show number 12 of the Money Ed podcast, Episode 3 of the 'Managing our outgoings' series
This week we're addressing debt. Which ever way you address it, debt is undoubtedly the most important outgoing, and should always be included in your essential outgoings category. While the episode encompasses the overall picture of debt and the general advantages & disadvantages of debt, the episode will go into further detail on:
- addressing different types of debt
- which debt we should prioritise and why
- establishing repayment and the importance of managing your repayment effectively
At the end of the show we also go into detail about the importance of talking about debt and how beneficial it can be to discuss your own debt journey with friends, family or professional services.
As mentioned in the show, the link to the previous week's show can be found here
No one should go through financial issues alone. At the money tree podcast we hope that everyone of our listeners would feel comfortable discussing these issues - whether its concerning your debt, or more widely your personal finance in general - with people you are comfortable with. Below we have shared a number of websites where you can get professional help if you are having trouble repaying debt, or if the thought of debt is making you feel worse than you'd like:
National Debt Line
Money Advice Service
Citizens Advice
Salvation Army
CALM
Get in Touch
If you have any questions or want to find out any more information
Email us at moneyedinfo@gmail.com
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Managing your essential outgoings
Welcome to show 11 of the Money Ed Podcast, the second episode in the 'Managing our Outgoings' series.
In the episode we’ll look at:
- understanding our essential outgoings
- prioritising our essential outgoings
- thinking differently about our essential outgoings and including less traditional outgoings in this category
As mentioned in the show and if you missed it, here is the link to episode 9, the first show in the Managing our Outgoings Series:
Also, at the end of the show we touched on the importance of facing essential outgoings head on and dealing with the fears and negative emotions that come with dealing with our personal finance, but more specifically some of our essential outgoings. If you are still struggling and do need help, we have shared a number of websites which can help you better manage these worries:
Citizens Advice
Money Advice Service
National Debtline
We hope you guys enjoy this weeks episode and find it useful. This week’s really just outlines the idea of managing our essential outgoings. The next few shows were going to look at specific outgoings in detail to help us better understand them! If you have any questions on any of the information provided in this weeks show, find out how to get in touch below!
Get in Touch
Email us at moneyedinfo@gmail.com
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Understanding & Managing your Outgoings
Welcome to show 10 of the Money Ed Podcast, the start of series three: 'Managing your Outgoings'.
The next series is going to cover everything to do with our outgoings: how to prioritise them, understanding each of our main outgoings specifically, how to reduced them etc. We also have a number of episode's where we'll explore specific outgoings including mortgage's, student loans, utilities and more.
We begin the series by talking about how to understand and manage our outgoings. Episode 9 includes:
- how to prioritise our outgoings
- how to effectively manage our outgoings on a monthly basis
- the benefits of budgeting for our outgoings
- thinking about our outgoings during times of crisis
The first show is certainly more of an introduction into how we should think about our outgoings. By beginning to think about our outgoings in this way, we can then look to reducing them. For a lot of us, our main goal in personal finance is to reduce our outgoings so that we have more money left over to spend or invest! This series is a great place to begin that journey and it builds on what we've discussed already in previous series.
As mentioned in episode 9, last weeks show, which focused all on budgeting, can be found here
We hope you guys enjoy this weeks episode. Read below to find out how to get in touch!
Get in Touch
Email us at moneyedinfo@gmail.com
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Thinking about Budgeting
Welcome back to show 9 of the Money Ed Podcast, episode 5 of the 'Managing our Income' series... the last episode of this series!
This week we're going too look at budgeting and more specifically:
- What some of the common budgeting 'rules' are
- how understanding income affects our budgeting methods
- the importance of aligning your budgeting with your financial goals
The show really focuses on the importance of budgeting, but one of the most important takeaways is that whatever budgeting method you do - and it can be any one - you should always align them with your financial goals! While some budgeting rules may advise you to put a certain percentage allocation of your money into a certain category, it depends entirely on your own situation, never forget that!
As mentioned in the show, the link to last weeks episode can be found here
Likewise here is a great link to a further explain the 50/30/20 rule, created by Elizabeth Warren in her book called called "All Your Worth: The Ultimate Lifetime Money Plan."
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Understanding Tax
Welcome back to show 8 of the Money Ed Podcast, episode 4 of the 'Managing our Income' series.
This week we're discussing tax and the implications of a number of taxes on our personal finance.
We'll cover a number of the taxes young people pay, but we'll also focus on:
- the main taxes that impact us
- tax mitigation, allowances and reliefs and the pros and cons of this
- why understanding tax can benefit our personal finance situation
Tax is boring, as we all know, but even just having a little understanding of it can benefit us now, and moving forward, both for employees and self-employed. There are many taxes you need to think abut, but even more so if you are thinking of setting up your own business and company! its also quite complicated, so if you find you are still struggling to understand, please get in touch!
As mentioned in the show, you can find the link to Episode 6 here
Find out how to get in touch below!
Get in Touch
Email us at moneyedinfo@gmail.com
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Mobile-only banks - Which one is for you?
Welcome back to show 7 of the Money Ed Podcast, episode 3 of the 'Managing our Income' series.
in this series we're tackling all concepts, products and other key information necessary to manage your income to the best of your ability.
This weeks episode we're taking a look at the Mobile Banks, specifically discussing:
- The 5 mobile only banks that have shaped the mobile banking landscape
- the services and products those banks provide
- the benefit of holding an account with these banks
- the security and protection these banks offer
Mobile banks really are beginning to become dominant players in the banking sector, and more and more people are moving from high street banks into these new, technologically advanced banks... find out why!
As mentioned in the show, here are the link to the previous weeks shows, including our special report on coronavirus and how it may impact your personal finance.
Last week's Coronavirus special report
Episode 5 - The best high street bank's for you!
If you have any questions about the show or anything else you want to ask, find out how to get in touch below!
Get in Touch
You can email us at moneyedinfo@gmail.com
You can follow us on Instagram The Money Ed Podcast
Special Report: Coronavirus (COVID-19) and the impact on our personal finance
Welcome to show number 6 of the Money Ed Podcast and our first special report episode!
The Coronavirus (COVID-19) is the largest pandemic in the 21st century and has grown exponentially over the last few weeks. Here at the money tree podcast we want to provide you with factual information and official evidence on the virus and the impact it has had our world so far.
The show will discuss, but is not limited to
- The virus, its impact so far (including global and UK infection and fatality rates)
- official information and advice provided by the government and other global institutions
- how the corona virus will impact our personal finance and what we need to think about
To get the greatest benefit from this show we would encourage listening it in full, however if you would rather listen to certain parts of the show, you can find the relevant time stamps below!
If you just want to find out about information and advice on COVID-19, you should listen up until 28 minutes.
If you want to find out how the virus could affect your money on a daily basis, listen from 28:30.
We want to provide impartial information based strictly on facts and official evidence provided by numerous institutions. We gathered information from the following websites. These can help you to learn even more about the virus and understand the action we need to take:
NHS
Government Website
WHO
John Hopkins University
The BBC also have provided a lot of content on their website including a dedicated coronavirus update page and a podcast
We hope our show and the links provided can offer you a lot of information and help you to understand the current situation that much more. If you want to find out more from us, or have any other questions, check out how to get in touch below.
Get in Touch
Email us at moneyedinfo@gmail.com
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The Best High Street Bank for you!
Thanks for listening to show 5 of the Money Ed Podcast
This week were looking at UK high street banks for young people and analysing which one is best for us. We specifically look at banks based upon their:
- Overall service
- Online and mobile service
- ISA and basic savings rates
- Overdraft services and fees
- foreign transaction fees.
We also briefly speak about what each of these criteria mean for us and what the results represent.
The idea of this episode is to build upon last week where we spoke about maximising our income through holding our money in the right account. With this episode and supporting information it can help us to work out whether we are getting the most out of our bank accounts and whether it would be worth trying to improve that by moving to another.
Of course everyone has their own opinion when it comes to which bank is the best, but we've used pretty objective data which limit bias as much as possible as to give a fair review of each bank and the service they provide.
As mentioned in the show, the link to our report containing all the data tables and information can be found here:
Likewise the link for the original Ipsos MORI report can also be found here
And Finally, if you missed last weeks show, have a listen here
We hope you enjoy this weeks episode, if you have any questions or would like to get in touch, have a look below to find out!
Get in Touch
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Understanding and maximising your income
Thanks for listening to show 4 of the Money Ed podcast!
This week we begin a new series: Managing your income
The next episodes are all about how we can maximise our income. We're going to look at everything to do with our income and ways we can make the most out of it.
This episode we're looking at understanding and maximising our income, focusing on topics including:
- how to increase your primary income
- ways we can earn a secondary income
- what to consider when our money is sitting in our account doing nothing
- assessing our bank account and what to think about when switching
Over the show we'll discuss these key points and so much more. Talking about our income should be something that is common place; we can learn a lot from people's past experience and their views, and engaging in personal finance is one way to do this! Understanding our income is so important as without money, we have nothing to manage! Therefore, its key to understand this and to know how to maximise our money once its come into our account
As mentioned in the show, we have shared the following links which provide even more information on what we talked about in the show.
Asking for a raise, the BBC way! Click here
Compounding interest is a complicated and powerful tool which we'll explore in more detail in a later show. But for now, this video gives a great simple example of how it works!
And finally, here is the link to Episode 3 - The psychology behind Personal Finance
We hope you enjoy this weeks episode, and if you have any questions on anything we talked about, check out below to find out how to get in touch.
Get In Touch
You can email us at moneyedinfo@gmail.com
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The psychology behind Personal Finance
Welcome back to the third show of the Money Ed Podcast
Following on from last week, we continue to look at the foundations of personal finance and key concepts we need to know when thinking about our personal finance.
This week we focus on psychology and behaviours behind personal finance, focusing on topics including:
- why we hold certain views on money
- how our upbringing has influenced our view of money
- the impact of our current environment on our attitudes towards money
- why its beneficial to understand why we have certain views of money
Over the show we'll discuss these key points and so much more. There really is so much value to understanding why we hold such views about money. It allows us to act on what we know and try to change those views going forward, which can help us improve our personal finance!
As mentioned in the show, we have shared the following links which provide even more information on what we talked about in the show.
Click here to find the article which speaks about the six personality types, provided by the Financial Times:
I also more recently found a great podcast that talks about how we cannot separate emotion from money. This is something that we are constantly told to do, but its made evident in this show that it is near impossible to do so because of the emotional attachment that we have towards money:
Separating Money from Emotion Podcast
And finally, here is the link to Episode 2: Setting goals in personal finance
We hope you enjoy this weeks episode, and if you have any questions on anything we talked about, check out below to find out how to get in touch.
Get in Touch
Email us at moneyedinfo@gmail.com
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Setting goals in Personal Finance
Welcome back to the second show of the Money Ed Podcast
Following on from last week, we continue to look at the foundations of personal finance and key concepts we need to know when thinking about personal finance.
This week we address a key topic which is setting goals. In the episode we cover the importance of goals in personal finance, but more specifically we discuss:
- Why goals are so important
- Specific ways of setting goals, including using the 'SMART goals' acronym
- The impact of achieving and not achieving goals, and how we can learn from this
- Minimising external influences when considering goals
As mentioned in the show, below are some links to useful website and videos you can use to find out more about SMART goals:
Smart Goals Mind Tools
Click here to listen to a fantastic Ted Talk by John Doerr, who tells us why goal setting is so important in achieving success.
Likewise as mentioned in the show, I have shared the link to Pete Matthew's Meaningful Money podcast episode which focuses on financial goals, which you can listen to on any podcast platform!
We hope you enjoy this weeks episode, and if you have any questions on anything we talked about, check out below to find out how to get in touch.
Get In Touch
You can email us: moneyedinfo@gmail.com
You can follow us on Instagram: The Money Ed Podcast
An introduction to Personal Finance
Thanks for listening to show number 1 of the Money Ed Podcast.
This week were taking an introductory look at Personal finance. Some of the main themes we covered this week include:
- The main topics within personal finance
- How we gain a real understanding of those topics
- Why is it important to address these topics and the importance in building our understanding of personal finance
- The importance so motivation and taking action in order to improve your personal finance
As mentioned in the show, I have shared a link to the Britain Think Report here. You can find out more information about the report specifically and more broadly on the work that BritainThinks do
We really hope you enjoy this first episode. If you have any questions from what you heard on the show check out how to get in touch below.
Get in touch!
You can email us: moneyedinfo@gmail.com
You can follow us on Instagram: The Money Ed Podcast