DiscoverThe Money Spot™ - UK Personal Finance
The Money Spot™ - UK Personal Finance
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The Money Spot™ - UK Personal Finance

Author: Heather Katsonga-Woodward

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I’m Heather.
A massive personal finance fanatic.
I love to answer people's questions on getting rid of debt, saving, stock market investing, property and retirement.
Subscribe to this podcast if you want to: earn more, save more, invest more and have fun! No episodes in April, August and December - #SchoolHolidays #MumPodcast
14 Episodes
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#14 Vivienne asks: ​Hi Heather,   Thank you so much for launching your podcast. I am really enjoying all your advice.   My name’s Vivienne. I’m single and in my late 60s. I receive the state pension and find that I struggle to make ends meet – my saving grace is that I own my home outright but I don’t have any other investments outside of that. Although I would like to work because I get lonely sometimes, I lack the energy I used to have in my younger days and certainly I find a full day’s work very exhausting nowadays. Is there anything you can think of that can help me boost my income? Thanks Related resource: https://www.katsonga.com/wealthblog/qa-how-do-i-boost-my-retirement-income-if-i-cant-work Ask a question or learn more to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#13 Linda asks: ​Hi Heather,   My name’s Linda. I would like to have a comfortable retirement but I am not sure how much money I need to have saved up in order to achieve this goal. I am not particularly extravagant but I do want to be able to afford at least two holidays a year. I additionally don’t have access to a fixed workplace pension so I need to live within the means of my own investments and the state pension. How should I go about working this out?   Thanks Related resource: https://www.katsonga.com/wealthblog/qa-how-much-do-i-need-to-save-for-a-comfortable-retirement Ask a question or learn more to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#12 Grace asks: ​Hi Heather, My name’s Grace. I recently started investing in stocks and shares and want to know the type of returns I should realistically expect? I’m especially interested in how long it will take for my money to double in value. Thanks Related resource: https://www.katsonga.com/wealthblog/qa-how-long-will-it-take-for-my-shares-to-double-in-value-the-rule-of-72 Ask a question or learn more to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#11 Nicola asks: Hi Heather, My name’s Nicola. I’m fortunate enough to still have a job right now, most of my friends have lost their jobs and it’s made me realise that if I had lost my job I wouldn’t be able to survive at all. I have no savings, a few debts and spend all my earnings every month. What do I need to start doing, right now, to ensure that by the time the next crisis hits the economy, I would be able to survive regardless of my employment situation? Thanks for all the financial knowledge you share. Related resources: https://www.katsonga.com/wealthblog/what-has-covid-19-revealed-about-ideal-personal-finances-how-can-you-rework-your-finances-to-increase-your-financial-security-in-time-for-the-next-crisis https://www.katsonga.com/wealthblog/qa-i-hate-budgeting-am-i-doomed-to-be-broke Ask a question or learn more to improve your money situation: www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#10 Edna asks: ​Hi Heather, My name’s Edna. I was wondering if you could talk about what net worth is? Why it matters and how I can improve my net worth? Thanks. Related resource: https://www.katsonga.com/wealthblog/qa-what-is-financial-net-worth-how-do-i-calculate-my-net-worth-and-improve-it Ask a question or learn more to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#9 ​Angela asks: Hi Heather, Happy new year! I’m a big fan of yours and have been following you for a while. I bought all your three books. I would like to open a stocks and shares ISA for myself and two children aged 16 & 14 but I don’t know where to start due to fear of risk. I want to invest 15% of my income in stocks and also considering real estate. I have seen some recommendations like Vanguard or Hargreaves Lansdowne but I’m clueless on what to go for. I am a nurse and the only debt I have is a repayment mortgage. I just finished paying off credit card debt. I saw your post on Malawi Queens. Please help. Thank you My name’s Angela by the way. Related resource: https://www.katsonga.com/wealthblog/qa-where-should-i-start-with-investing-if-im-afraid-of-risk Ask a question or get resources to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#8 Wendie asks: Hi Heather, My name’s Wendie. I am a support worker and earn about £1,600. I struggle to make savings due to all my commitments but I desire to start no matter how small. Please advise. Related resource: https://www.katsonga.com/wealthblog/qa-what-are-the-9-biggest-money-mistakes-people-make-that-prevent-them-from-saving Ask a question or learn more to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#7 Barry asks: Hi Heather, My name’s Barry and I hate budgeting…it’s not so much the budgeting but tracking all my spending; it kind of sucks the joy out of life. I can’t stand having to think through how my money will be spent and not being able to buy what I want just because it wasn’t budgeted for – am I doomed to always be broke because I don’t budget? Do you have any suggestions for me? Related resource: https://www.katsonga.com/wealthblog/qa-i-hate-budgeting-am-i-doomed-to-be-broke Ask a question or learn more to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#6 Melissa asks: I’m Melissa. As a full-time entrepreneur myself, I often find a difficulty in deciding how much monthly income to re-invest into my business and not OVERDO IT. This reminds me of why I often lose at the board game "Monopoly", ha! Because I'll spend every last dollar on buying up houses and hotels and when I fall on someone else's property, I don't have the money to pay them. And it's a downward spiral from there, haha. Anyway... I'm sure you know just as well as I do that our businesses are our babies and sometimes we think we aren't feeding them enough to grow as fast as they can. But at times, over-investing can cause immediate problems. What should I do to find a balance between re-investing as a business owner and putting money aside? Related resource: https://www.katsonga.com/wealthblog/qa-how-much-money-should-i-take-out-of-my-business-every-month-to-spend-on-myself Ask a question or get resources to improve your money situation: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#5 Chrissy asks: Hi Heather, My husband and I want to buy a house, how can we go about improving our credit score? Related resource: https://www.katsonga.com/wealthblog/qa-how-can-i-improve-my-credit-score-so-that-my-husband-and-i-can-buy-a-house Ask a question or support the show: www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#4 Flora asks: Hi Heather, Based on the things you told us about investing, my husband and I started putting £125 per month each into our SIPP pension. I hope this isn’t a silly question but what are these savings for? When can we expect to start spending that money and should we try to spend it in specific ways or on specific things? Both my husband and I are 30, we don’t plan on having children and our jobs have fixed pension benefits. Related resource: https://www.katsonga.com/wealthblog/qa-what-am-i-saving-for-when-can-i-spend-my-retirement-savings Ask a question or support the show: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#3 Denise asks: Hi Heather, I want to earn extra income, however I work as a nurse in the NHS which takes up my time, do you have any suggestions on any investment that can make money. I am also interested in the stock market but don’t know where to start. I am interested in both generating extra monthly cash flow now and increasing the amount of money I have in retirement. Related blog: https://www.katsonga.com/wealthblog/im-a-nurse-what-can-i-invest-in-to-make-more-money Ask a question or support the show: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#2 Diana asks: Hi Heather, I just had my first baby. I'm 31 and married. Do you have any tips for how I can think about saving and investing for my baby? Related resource: https://www.katsonga.com/wealthblog/how-to-save-and-invest-for-your-children Ask a question or support the podcast: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot
#1 What is the money spot about? Who hosts it? How long will episodes be? What can you expect to learn about managing money from listening to this show? Find out in this episode. Ask a question or support the show here: https://www.katsonga.com/coach.html Resources: https://payhip.com/themoneyspot
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