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 TAKEAWAYS

A 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 HOSTS

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, 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.com

W: https://www.thegoodmoneycoach.com

IG: https://www.instagram.com/sarah_talks_money/ 

LI: https://www.linkedin.com/in/sarah-blyth-chartered-financial-planner-and-coach/ 

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