Category : Basic concepts

Core ideas about uncertainty, money as tool etc.

Fund managers – worthwhile?

    Interesting comment from a senior official of Lloyds Banking Group to the Treasury Select Committee.   He admits that most fund managers aren’t worth what they’re paid.  Which is great news.  Maybe they’ll sack most of them so charges will … Continue reading

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Teaching children about money

  I got asked about children and pocket money following research which found that parents are encouraging children to work for their allowance.   There were some good questions asked – they’re all actually answered in the book Taming the Pound … Continue reading

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Dealing with debt

  I got misquoted recently.  Somebody had taken some things I’d written, quoted the actions I suggested accurately, but then changed the order.   It was for an article about dealing with debt, and they started with making a budget.  Now … Continue reading

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If borrowing is the answer

  II did a piece about people in debt a while ago.   One of the things that caused the physical problems I mentioned is that people have chronic debt.   That’s, chronic, not in the sense of bad, but of … Continue reading

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Property purchase

  I got asked by the Daily Mail to comment on their headline about 360,000 people being “trapped” in their first homes by the decline in property values.  It’s similar to people who simply can’t afford to buy, who are … Continue reading

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Want what you’ve got or get what you want?

  I did a brief radio interview on BBC Radio Birmingham yesterday.   It was about the couple who won £161 million on the Euro lottery, and had to go into hiding from all the begging letters.   The presenter, Tammy … Continue reading

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Budgeting and stopping unnecessary purchases

Three questions about budgeting:   How do you prepare yourself mentally for the arduous task of budgeting, How do you keep yourself on track  and How do you stop yourself from unnecessary purchases?   I’ve talked about the one and two … Continue reading

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Keeping on track with budgets

Three questions about budgeting:   How do you prepare yourself mentally for the arduous task of budgeting, How do you keep yourself on track  and How do you stop yourself from unnecessary purchases?   I’ve talked about the first one, … Continue reading

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There’s a hole in my budget

I was asked to contribute to a feature about budgeting recently. There were three simple questions:   How do you prepare yourself mentally for the arduous task of budgeting, How do you keep yourself on track and How do you stop … Continue reading

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Jobs and stress

I was recently asked to comment on some new research by Everyman about the stressors in life.  The reason it got to me was that Terri Bodell, Deputy Chairman of the National Association of Counsellors, Hypnotherapists and psychotherapists, noted “money … Continue reading

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