Your Pay Your Way are a social enterprise operating in Scotland. To complement our financial education programme, we are talking all things money in our new podcast! We'll be looking at everything you need to know about your personal finances, bringing you hints, tips and conversations on everything that is important about your pay.
It can be difficult to work out where all your money has gone in a week or a month. Sometimes we don't even realise we're buying unnecessary things and that our spending is getting out of control.
This episode looks at how we should approach our spending in terms of working out what our expenses are and incorporating our expenses, alongside income, into a budget. We have hints and tips on getting your budget back on track if you are spending more than you earn.
Income seems straight forward but it can become complicated if we have lots of different sources or don't know how much we might earn in a pay period.
This episode looks at different places who might pay us, payslips, deductions and why knowing our full income is important.
This has been Debt Awareness Week and I wanted to acknowledge it even though I want to wait to do a full in-depth episode, or several episodes on debt, later down the line.
This short bonus episode give a few tips on dealing with debt and how we should think about what debt is so that we can manage it better.
We probably all have a bank account but how did you pick it? And was that a good reason to choose that particular bank?
You might be going to uni and looking for a student account or wondering what it means to have a joint bank account. We'll be breaking down the most common accounts to let you understand the basics of each and what they would be used for.
This episode should give you the skills to choose the right account and bank for you needs.
Money is one of the least talked about subjects - in social settings, in school, in general - the topic of money is avoided!
In this episode we have a quick chat about money, why people avoid the subject, why we should be talking about it and some statistics from a recent study about money. We need to encourage open and honest discussions about money, how we use it, what issues we are having with it and how to manage it better.