Tag Archive: spending


November 2011 marked a one year anniversary of my first steps into the investing world. In my final two years at university I copiously researched investing (risk tolerance, where to invest effectively for tax purposes etc) and finally decided to take the plunge three months into my first job out of university. November 2011 has also marked some important steps in progressing my finances. As I’ve mentioned in previous articles – personal finance management does not stop. You must continue to stay on top of your situation and ensure your money is making money for you whilst you sleep. Complacency and personal finance should never be said in the same sentence.

What are the three steps I’ve taken this month?

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I have a diverse group of friends. What I love about having a diverse group is that I get to discuss a variety of topics and we have some great debates. One topic that comes up frequently in conversation is Money. This is a topic that I naturally enjoy discussing because it’s a hot topic but let’s not forget that it is still a table topic taboo in British culture. We’re all feeling the squeeze with inflation rising to 5%, pay freezes and the dream of buying a house becoming ever more distant. View full article »

The riots across the UK have dominated the headlines for most of the past week as politicians and the general public alike stuggle to comprehend the true cause of the violence. I was disappointed as I watched footage of my beloved London being destroyed by people as young as 11. As the rioting took a hold of the headlines I watched more and more footage of reporters asking those that were looting why they were committing such acts. One girl proudly says “We’re getting our taxes back innit”. This girl could not have been any older than 18 so it’s questionable how much ‘tax’ she had a ‘right to claim back’. On other footage hooded youths were being asked why this was happening and they explained that due to budget cuts they had lost access to youth and sports clubs which we all know are essential to keep young people from gang culture. It’s sad that young people have had many of their entertainment facilities removed. There was also discussion that young people couldn’t find work and that other Londoners (those in employment)  are ‘rich’ whereas they’re poor. View full article »

Saving money needs a new image

How is it that flash cars, clothes and houses have got a favourable image? They are symbols of money, status and power but they can’t always have been associated in this way. What is the most powerful industry in controlling consumer’s habits? Advertising.

Over the past few weeks, I’ve become more aware of my surroundings on my commute. First, as I wait at the station there are a number of billboards for me viewing, then on the actual commute there are plenty of adverts on the walls of the train and then finally going through Waterloo station it’s advertisement central. I’ve seen Iggy Pop and his “saving time is saving money” car insurance adverts around 1000 times since I started working (7 months ago). His image and the purple background of the advert is practically burned into my memory. I’m convinced that investing in Henderson/Jupiter/[insert investment bank here] will give me ridiculous returns on my money without forgetting that the small print (which is actually quite big on billboards) states that I could lose the total amount that I invest.

I hate looking at these adverts because I feel as though they busy my brain. Whilst I’m trying to arrive at work refreshed I feel bogged down by these everyday adverts which offer me no real applicable advice. So why do they stick with me? This may be stating the obvious but advertising is designed to make you feel you need something when you might not. On occasion I’m reminded by a Sainsbury’s advert that I need to pick up milk after work but that really is ON occasion.  They’re also extremely powerful because I see them everyday, five days a week if not more. Over time they become burned into my memory like Iggy Pop’s car insurance.

I’m keen to combat this control over consumers that advertising companies possess. I want to use this technique to communicate the opposite message: Saving Money is Cool. It’s a simple message but if there was enough money pumped in by the government or companies keen to do their bit as Corporate Social Responsibility then I have no doubt that people will be left with the image of their own gold pot and the message that saving now is cooler than spending now. If it took off I truly believe that we would have a nation who were more financially responsible.

My dream home

I’ve lived in rented accommodation for just over 4 years now. I moved to London when I was 18 and fresh out of sixth form. I went to UCL for four years, graduated in September 2010 and have been working in London since the end of August 2010. View full article »

Money Manager

Whilst waiting for a Tube this weekend gone, I was browsing the adverts as usual. I was struck by an advertisement by Lloyds TSB. It said: I spent how much? On what? When? View full article »

Six years ago I completely overhauled my finances…well I started looking at my personal finances at first. The rest is history. I have written a basic list below to try and remember every, single thing I’ve ever done to improve my financial situation. I have no doubt that this list will continue to grow so feel free to add your suggestions. I’m always looking for new perspectives and tips on managing my money: View full article »

It’s that funny time of year again when many people dispute the value of Valentine’s Day. Is it all about consumerism or is it a genuine holiday to spend with your partner? I’ve always sat on the fence on this one. I feel that although it’s lovely to show your partner how much you care about them, isn’t this something that you should make them feel all year round? View full article »

If you google impulse buying you’re likely to come across lots of information on impulse buying and how bad it is for you. If you look at any personal finance website it’s likely to condemn impulse buying. I used to feel similarly and thought that it was essential to buy things that you have already planned to buy. View full article »

The editor of City AM (a free morning business paper) has launched a campaign for financial literacy. He argued that not enough people understand money and the impact of their spending choices on their personal finances. I couldn’t agree more. I often find myself struggling to get others (who have asked my advice) to implement changes to their lifestyle in order to improve their financial situation. What’s the problem? Is it just a matter of education? View full article »

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