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Money Confidence

Money Confidence

Author: Sarah Blyth and Georgia Legg

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Sarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, we've got this!

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On this final episode of Season 1, Sarah and Georgia discuss why we overspend and how we can stop overspending and get out of cycles of debt.KEY TAKEAWAYSGeorgia passed her STEP exam in trusts and estates. An amazing achievement!Money is emotive. We tend to overspend when we are in an emotional state such as stressed, sad, lonely or even happy. Spending often helps us feel good about ourselves, even if it’s just in that moment. Many of us relate our self-worth to our net-worth. We need to separate money from who we are. Having more money doesn’t make you a better person or a worse person. Consumerism drives our spending habits.You need to bring awareness to the triggers that cause you to overspend.Always consider your future self.Create new habits that create a similar emotion.Don’t beat yourself up if you slip up – you’re only human. We all slip up now and then.Keep going in the right direction. Don't give up and have faith in yourself. Every time you decide not to make a purchase or save a little each month, you are building a new identity for yourself. Small steps in the right direction will result in huge changes over time. ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comBlog: https://www.sarahblyth.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah shares some timeless advice from some notes she had written after reading some self-help books when she had finished University in her 20s.KEY TAKEAWAYSFear will never go away as long as you continue to grow. Over 90% of what we worry about never happens. We create our own reality.The beginning is the most important part of the work.Believe it can be done. Never give up. Help each other.Think for yourself.Never look back. You can't change the past. Learn from it.Regrets weigh you down.Good and quiet doesn't mean weak.Sometimes you need space to think.Live life to the full.Angels fly because they take themselves lightly.If you haven't made any mistakes lately you must be doing something wrong.Be patient with yourself.The most important investment you can make is in yourself.ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comBlog: https://www.sarahblyth.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah and Georgia discuss 20 things to think about when is comes to money and your wellbeing.KEY TAKEAWAYSStop thinking about money in terms of material things it can buy. Start thinking about the freedom and independence it can give you. The best thing money can buy is time and freedom. Freedom to live life on your terms, freedom from financial stress and freedom to do what you want and work for who you want.Money is a tool and not a goal in itself. Question everything. Don’t just do things just because that’s what you think you should do. Don’t just do things automatically. Embrace change.Know that you can manage your own money and that investing is not hard. You just need to be taught how. It is made to seem harder than it really is.Forgive your past financial mistakes. They served your past self and now you have moved forwards. Let it go. Listen to the episode for more tips.ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comBlog: https://www.sarahblyth.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah talks about 5 questions you should ask yourself about money.KEY TAKEAWAYSBeliefs are assumptions we make about the world and are often developed early in life and passed down subconsciously through the generations. In early childhood you take everything as fact so your beliefs are based on how you perceive things and may not be logical.What are your core beliefs around money? We never really think about these beliefs or question them but when we do we learn a lot about ourselves and our behaviours and emotions around money. These 5 questions will get you to think about your beliefs and perceptions around money and to think about how these beliefs have helped you and how they have challenged you in your life.ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comBlog: https://www.sarahblyth.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah and Georgia talk about 9 common core beliefs around money that may be holding you back.KEY TAKEAWAYSWe all have our own individual relationship with money. Our own experiences, influences and environments have shaped our perception of money. Think about your early memories and experiences around money and the beliefs you attach to these.When we start to think about what we heard about money growing up, we start to realise why we think a certain way about money. We attach our own perceptions to what we heard when we were growing up.Being a People Pleaser is a psychological disorder as we feel safe by looking after everyone else's needs first. This is more common for women.By changing your relationship with money you can change your children's' relationship with money and the future generations ahead of you.ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comBlog: https://www.sarahblyth.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah and Georgia talk about how you can avoid missing out on thousands of pounds of pension income.KEY TAKEAWAYSIf you are a grandparent caring for grandchildren, you could qualify for National Insurance credits which can top up your income in retirement.An estimated 4 in 10 grandparents in the UK provide childcare for their grandchildren and many don't know about this perk which could add thousands to their State Pension over time.More and more grandparents will be entitled to the Specified Adult Childcare credits as the proportion of grandparents who are of working age is growing.The system of transferring the National Insurance credits means that grandparents no longer have to lose out on building up a full State Pension just because they are looking after their grandchildren.It's not just grandparents that can benefit from the credits. National Insurance credits can also be transferred to other family members such as aunties and uncles.If you haven’t yet claimed, you can backdate to 6 April 2011, which is worth doing to maximise your State Pension.For information on Child Benefit, please listen to our podcast episode (episode 11) or visit my blog here.To apply for the Specified Adult Childcare credits click here.BEST MOMENTS'This is really important.''It's not a great image.''Georgia's not having a very good day today.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comBlog: https://www.sarahblyth.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah and Georgia talk about how much pocket money you should give your child.KEY TAKEAWAYSThere's no right answer here, and it depends on how much you can afford and what you think is reasonable. There have been numerous surveys conducted which give a rough idea of how much parents are giving their children.A survey of NatWest Rooster Money users found that the average weekly pocket money in the UK was £6.14, with £3.21 a week for 4 year olds, increasing to £11.64 a week for 14 year olds.Research from Barclays showed that over two thirds (68%) of parents reward their children with pocket money for doing chores around the home.The research from Barclays suggests that children will receive an average of £7.58 a week this year, up from £6.97 a week last year.The giving of regular pocket money is more important than the amount you decide to give your child.Giving children the opportunity to spend their own money will help them decide how they spend it, when they spend it and whether they want to save it.BEST MOMENTS'What age do you start giving your child pocket money?''Some kind of visual plan with key milestones, which they can tick off along the way, is a great way to demonstrate progress and get your child excited about watching their savings grow.''What's your favourite chore?''There's satisfaction in doing that.''I got a job at 16.''This is on me boys.''You must be a lady of leisure. You have these 2 kids cleaning your house, cleaning your car.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comBlog: https://www.sarahblyth.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah and Georgia talk about what a credit score is, who the main credit reference agencies are in the UK, why your credit score is important and 7 ways to boost your credit rating. KEY TAKEAWAYSThere are three UK credit reporting agencies in the UK.Your credit score is a score which is calculated by credit reporting agencies and is meant to reflect how likely you are to repay credit on time.Credit scores are used by potential creditors and lenders to help them decide whether to offer you credit. Your credit score can also affect premiums you pay on insurance policies, such as home and car insurance, as well as getting a mobile phone contract.There are easy ways to boost your credit score. We discuss 7 important things you can do to boost your credit score.Make sure your finances aren't linked to someone with a bad credit score. If you break up with someone that you've had joint finances with, you will need to make sure you de-link your finances and contact the credit reference agencies and ask for a notice of disassociation. This will stop their credit score affecting yours in the future. BEST MOMENTS'I've asked Georgia, what is the average credit score in the UK?''It's good to get those insights.''There are some jobs that require pre-employment credit checks.''It keeps me on my toes.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
Due to personal circumstances, we were unable to record this week's episode of the Money Confidence podcast. Here is a repeat of our most popular episode to date. KEY TAKEAWAYSA pension is one of the most tax-efficient ways to save for your retirement, but it can't usually be accessed before age 55. This will increase to age 57 in 2028.When you contribute to a pension, the government will give you tax relief on those contributions. If you make a contribution into your pension from your net pay (after tax and National Insurance has been deducted), basic rate tax relief (20%) will be automatically added to your pension at source. Any growth within the pension is tax-free.There are generally two types of pension: A Defined Benefit Pension where you get a guaranteed income for life once you reach the Scheme’s retirement date and a Defined Contribution or Money Purchase Pension, which is invested in the market and can go up or down in value. With a typical Defined Contribution plan, you can access the funds from the standard minimum pension age (currently 55) and there are various ways you can access these funds. Typically, 25% of the pot value is tax-free and the remaining 75% is taxed at your marginal rate of income tax.ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.CONTACT METHODE: podcast@thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode Sarah and Georgia firstly discuss the breaking news and then they talk about the 3 main ways to pay off debt. Georgia then gives her tips for staying warm without having to turn your heating on.KEY TAKEAWAYSThere are 3 common methods for paying off debt: debt consolidation, the snowball strategy and the avalanche strategy.To start with, write down the different debts you have, the amounts that you owe and the interest rates on those debts.In brief, debt consolidation is where you combine several small debts into one larger debt and therefore only make one payment a month towards your debts (ideally with a lower interest rate). The debt snowball strategy is where you put any extra money towards paying off the smallest of your debts first (once the minimum amounts are paid on all your debts) and once this is paid off, then you put the extra money towards paying off the next-smallest debt.The avalanche strategy is where you pay off the debt with the highest interest rate first and the lowest interest rate last. The method you choose will be the one that's right for you and your circumstances.BEST MOMENTS'This is just madness.''The UK bond market went wild.''Just hold tight. Don't make any knee-jerk decisions.''Make sure the new monthly payments fit within your budget.''It's about mindset and having a plan in place.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
Georgia's back! On this episode Sarah and Georgia firstly discuss the Mini-Budget although most of what Georgia said was not family friendly so had to be cut out. They then discuss 5 ways to make better financial decisions.KEY TAKEAWAYSA study by the IFS found that households in every income distribution will on average lose more money from the freezes to the allowances, thresholds and benefits over the next 3 years, than they will gain from the tax-cuts announced in the Mini-Budget.Half a million more families will lose some or all of their child benefit entitlement by 2025-26 compared with now.By 2030-31 the poorest tenth of households will lose 4.7% of their income while the highest-income tenth will lose 1.3%, as a result of the total changes to the tax and benefit system.The pressure of making a large decision can be too much for a lot of people. Rather than seeing it as one decision, break it down into smaller, easier to answer decisions and tackle each one step by step.Talk your decision through with either a professional or a friend or family member who can sense check your decision and provide a different perspective. ⭐If you wish to read about 5 ways to make better financial decisions, please either visit our blog (www.sarahtalksmoney.com) or our website (www.thegoodmoneycoach.com).⭐BEST MOMENTS'Rex has come back.''The world has gone mad.''What's important to you in the context of money?''Balance the needs and wants of yourself right now with the needs and wants of yourself in the future.''Information overload can lead to paralysis.''This should help you move forwards and make that decision that you keep putting off.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, I talk about the Mini-Budget, what it means for you, why the pound is falling and how a falling pound may affect you.KEY TAKEAWAYSOn Friday 23rd September the Chancellor (Kwasi Kwarteng) delivered his Mini-Budget, which sent the pound falling to a record low against the dollar.I summarise the main tax cuts announced in the Mini-Budget as well as the potential tax savings.On Monday 26th September the pound fell to it's lowest level against the dollar of $1.03. This was because of the large tax cuts announced in the Mini-Budget by the UK government, which is to be paid for by borrowing billions of pounds.I discuss 5 ways the falling pound may affect you, including more expensive trips abroad, higher prices of goods and services and higher repayments for some mortgages.Forecasts are predicting that interest rates will hit 6% by November. This will lead to increases in people's mortgage repayments who are on a tracker or variable rate, which is around 2 million people in the UK. Those coming to the end of their fixed rate or looking to buy for the first time will have fewer and more expensive deals to choose from.Fixed rate mortgages depend on interest rate expectations as well as the rate today, which is why lenders are withdrawing mortgage deals in order to re-price them.Since recording this episode, the Chancellor has done a U-turn and will NOT abolish the 45% tax rate. The pound bounced back but it is still weak against the dollar and euro and some economists predict it will go back down.FREE RESOURCESVisit ⭐https://www.thegoodmoneycoach.com/free-resources/⭐ to get your free resources to:⭐Manage your debts and track your progress.⭐Track your expenditure and find areas where you can reduce costs.⭐Track your savings and build up your cash reserves.⭐Set realistic and achievable financial goals.ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, it's just me, Sarah! Georgia is away for 2 weeks and last week I wasn't feeling too well. This week I'm sharing the first part of my story. I've never shared this before but I hope it helps others who may resonate with how I was feeling back then.KEY TAKEAWAYSListen to the episode to find out my story of what happened 7 years ago.It's OK not to know what you’re doing or to do things differently. There’s no shame or judgement in that. Everyone looks like they've got it sorted but everyone else is just trying to do their best and to live up to the expectations that society puts on us. Getting the proper information, support and guidance can help you find the way that’s right for you and not to make decisions based on what other people are doing or saying.⭐If you have any comments, if anything resonates with you or if you have any questions or need any support then please let me know. Feel free to email me at podcast@thegoodmoneycoach.com, message me on social media, or visit thegoodmoneycoach.com and sign up for my weekly newsletter which provides information, guidance and support on all things money, including your mindset around money. Please see below for the links.👇ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, Sarah and Georgia talk about 5 ways to help save for Christmas.KEY TAKEAWAYSChristmas can be a time of worry for a lot of people and studies have shown that 53% of people feel financially stressed when it comes to Christmas. Georgia's cat, Rex, joins us on this episode.Now you've decided to start saving for Christmas, let's take the first step and set up a savings account and label it your 'Christmas pot'. Make a list of of everyone you need to buy for and how much you can afford to spend on each person after your bills and essential expenditure is paid. Work out how much you can afford to save each month and set up an automatic payment into your Christmas pot straight after payday. Making little adjustments to your expenditure can really add up over the months. Look at your bank statements and see what you could cut back on.Try and stick to your budget and track your expenditure.⭐How do you save or prepare for Christmas? Please let us know using the email address below or message us on social media and we'll read it out on a future episode.👇BEST MOMENTS'It will be Christmas before you know it.''It's the football World Cup this year.''You look absolutely baffled.''I find it quite stressful.''That gives me severe hives.''We only buy for the children now.''He's still waiting 10 years later for the IOU.''Why not start now.''You can't recycle wrapping paper.''I love that!'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.⭐CONTACT METHOD⭐E: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, Sarah and Georgia talk about how to reduce financial stress.KEY TAKEAWAYSIf you're worried about money then you're not alone. Money is a common source of stress for adults and Sarah and Georgia have both experienced this.Being on top of your finances can help you feel less stressed and less overwhelmed with the situation.The first thing you can do is to identify why you are feeling stressed or worried and to write these down.Look at the things that you can do something about and put a plan in place. The plan needs to be realistic and achievable.Look at ways to reduce your expenditure and ways you may be able to increase your income.Think about what you're telling yourself about money and what you could be telling yourself instead.Try and remain positive and ensure you take time out for self-care.If you are struggling with debt then StepChange is a debt charity in the UK that can help you. I have recently launched my website and if you would like to get in touch about financial coaching then please click here to book your free call.BEST MOMENTS'Everyone's experienced financial stress at some point.''Don't beat yourself up about it.''Do it gradually.''You can start and look at your bank account and your expenditure.''There's lots of free budget planners out there.''Write out what debts you have and your monthly payments and the interest rates.''The worst thing that can happen is that they say no.''George's mum tested different butters and got £50 for doing it.''If you can deal with the stress and the pressure, then maybe try a car boot sale.''All you've been doing Georgia is revising.''Small baby steps.''Ask for help.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.CONTACT METHODE: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, Sarah and Georgia talk about ways you can reduce your expenditure.KEY TAKEAWAYSThere are lots of ways to reduce your expenditure and all the little cut backs you can make will really add up over the longer term.Review your direct debits and subscriptions and look at those you don't need.Shop around for cheaper deals. There's some good comparison sites that can help you with this.Look for offers, discounts and vouchers so you don't have to pay full price. On the O2 priority app you can get things for free.Swap brands for cheaper versions.Cut back on convenience buys, such as takeaways coffees and food.Don't forget about student discounts if you qualify.unsubscribe from emails that tempt you to spend money on things you don't really need.When you put an item in your basket online, wait 24 to 48 hours before you buy it, so that you have time to think about whether you actually need it.Please get in touch with us through our email address, podcast@thegoodmoneycoach.com. We will read out your messages on the upcoming episodes.BEST MOMENTS'We have cancelled our Netflix.''Just have a look at things you don't really need anymore.''Shop around for cheaper deals.''You could shop around for your current bank account.''I got a student discount at the pub.''I've tried an alternative tomato ketchup, and I'm like no.''I never have time in the morning.''I've given up alcohol so I'm saving a lot not drinking alcohol.''When I was a kid we used to make perfume with flowers.''The other day they had a free breakfast so we went and got one.'You could get a coffee once a week and it'd be free.''I'm a sucker for a bargain.''Every little helps.''Don't switch your teabags.''Knowing you, it'll break down next week.''I've not had an alcoholic drink for 17 days.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.CONTACT METHODE: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, Sarah and Georgia discuss how the rising interest rates may affect you.KEY TAKEAWAYSIncreasing interest rates is one way to try and control inflation as it raises borrowing costs and should encourage people to borrow and spend less. It can also encourage people to save more.However, many households will be squeezed further following the interest rate rise including some mortgage-holders.The Bank of England has warned the UK will fall into recession as it raised interest rates by the most in 27 years.Interest rates in the UK rose to 1.75% as the Bank battles to stem soaring prices, with inflation now set to hit over 13%.Because higher interest rates mean higher borrowing costs, people will eventually start spending less. The demand for goods and services will then drop, which will cause inflation to fall. Similarly, to combat the rising inflation in 2022, the Fed has been increasing rates throughout the year.Rising interest rates is a positive for savers.When interest rates increase, there's usually trouble for bonds and equities.BEST MOMENTS'I am getting my moneys worth, definitely.''My parents told me that back in the day when they were younger the interest rate was 15% to 16%.''Interest rates rose to 1.75% in the UK.''homeowners on a typical tracker mortgage will have to pay about £52 more a month. Those on standard variable rate mortgages will see a £59 increase each month.''Borrowing becomes more expensive.''Savings rate increase.''Most bonds pay a fixed interest rate that become more attractive as interest rates fall.''The relationship between equites and interest rates is less direct.''The good news though is that the currency strengthens.''It could be good if you're going on holiday then.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.CONTACT METHODE: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, Sarah shares her top tips for managing your investments during turbulent times.KEY TAKEAWAYSResist the urge to keep checking your investment portfolio every 10 minutes. You will see your investments rise and fall. If you're not used to seeing your investments fall then you may panic.Checking your investments all the time reinforces your worries. Just check it every month or every few months instead.Stick to your long term strategy and basic investment principles.Don't make decisions based on your emotions of stress, fear and anxiety. Take a step back and base those decisions on an informed consideration of the bigger picture. Keep in mind your long term vision.Don't just focus on the negative headlines. Look at new information that comes to light that's not so negative and try and get a balanced picture.BEST MOMENTS'Everything's on an app these days.''We're emotional beings by nature.''The way our emotions change during the highs and the low of investing is why lots of us decide to invest when the markets are doing well and sell when the markets are falling which goes against basic good investment practices.''We would advise against timing the market .''It's time in the market not timing the market.''Resist making emotional decisions in the heat of the moment.''Don't just concentrate on the negative headlines.''You can go down a rabbit hole.''Look at the positive side."'Try to get a balanced picture.''Try not to panic.''Guess where I was this morning?''Shout out to all those dentists who are actually taking children.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.CONTACT METHODE: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, Sarah and Georgia talk about what a recession is, how long a recession usually lasts and what it means for you.KEY TAKEAWAYSA recession is a significant, widespread and prolonged downturn in economic activity. There are different definitions of recession.Economists define a recession as an economic contraction starting at the peak of the expansion that preceded it and ending at the low point of the ensuing downturn.A recession is caused by different factors. Causes have included oil price shocks, financial panic, rapid changes in economic expectations, a health crisis, tight labour markets and wage-price spirals.Recessions may last as little as a few months, while the economic recovery to the former peak can take years.The average U.S. recession since 1857 lasted 17 months, while the six recessions since 1980 have lasted less than 10 months on average.Recessions have happened in the past. After recessions there will be recovery. Although it can be scary, making little adjustments such as planning, saving and reducing your spending can help you get through it.BEST MOMENTS'The less I know about something, the more stressed I am about it.''We've had recessions in the past. We know that with a recession a recovery will happen.''I saw a shooting star. I don't think I've ever seen a shooting star before.'''Every time I saw one my eyes welled up.''I just want to say thank you to the listeners out there. Thank you for taking your valuable time to listen to the podcast.''We have listeners all over the world.''We are trying to do more episodes that are international.''The cause of each recession will differ, but the outcome has always been the same – recovery.''Our food shop bill has more than doubled.''I won't be having my heating on.''I wash all my clothes on zero degrees as it's better for the environment.'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.CONTACT METHODE: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
On this episode of the Money Confidence podcast, Georgia asks Sarah questions about Financial Coaching.KEY TAKEAWAYSSarah trained as a Financial Coach on the course run by Catherine Morgan and is now certified.Financial Coaching is about helping you make better financial decisions where you facilitate the change.You can find Certified Financial Coaches on VouchedFor, which is a bit like Trustpilot. All reviews are independently verified.Financial advice is about looking at your financial objectives and circumstances and coming up with recommendations and solutions. However, coaching is about bringing awareness to your relationship with money and exploring your mindset and emotions around money and moving you forwards to a place which is more beneficial for you.You may come to a coaching session wanting to work on a certain area and realise there's other areas that need working on.BEST MOMENTS'I was really interested in the clients mindset.''I got certified on Friday.''It's been life changing.'''I found out I had many issues.''I found out so much about myself.''Every person will have their own relationship with money.''I have the same clothes now that I had 6 to 7 years ago.''I find the relationship between couples really interesting.''I think a lot of people will benefit from Financial Coaching.''A lot of my relationship with money comes from my dad.''You don't really think about your relationship with money and how that plays out in your every day life.''Coaching is about bringing awareness to your mindset around money and the emotions around that and moving forwards in a way that is more beneficial for you.''Some stuff you've just got to let go of.''With Financial Coaching you find out a lot about yourself.''When are you going to coach me Sarah?'ABOUT THE HOSTSSarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.CONTACT METHODE: podcast@thegoodmoneycoach.comW: https://www.thegoodmoneycoach.comIG: https://www.instagram.com/sarah_talks_money/ LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/  Hosted on Acast. See acast.com/privacy for more information.
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