Intelligence Squared How to Manage Your Money In the Cost of Living Crisis
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Jan 25, 2023 Paul Lewis, a seasoned journalist and author famed for his expertise on personal finance from BBC Radio 4's Money Box, shares invaluable insights on navigating today’s financial landscape. He discusses effective debt management, the pros and cons of Buy Now, Pay Later services, and highlights the importance of financial literacy for the youth. Paul also emphasizes strategies for requesting pay raises and sheds light on the often-misunderstood world of cryptocurrency and smart meters, offering practical advice to empower listeners in managing their finances.
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Career Path
- Paul Lewis's career began after a brief stint teaching math.
- He transitioned into explaining pensions and benefits, leading him to write for Saga magazine and eventually host Money Box.
Early Financial Education
- Discuss money matters openly with children, starting early.
- Use practical tools like Monopoly to teach financial concepts and the value of money.
Housing Affordability Challenges
- High house prices relative to wages make homeownership harder for young people today.
- Rents are also increasingly unaffordable due to housing shortages.