The Financial Wellbeing Podcast

Episode 33 – Good Things Come to Those Who Wait This week Chris, David & Producer Tommo discuss The Pleasure from Delaying Consumption and how planning and waiting for experiences and purchases can increase our well-being. As always we have our #tightasstommo tip, which by his own admission is arguable the most middle class one we’ve had thus far.   0:15 – Welcome 2:03 – Introduction to this podcast topic 3:36 – New feature ideas Email us – contact@financialwell-being.co.uk  Find us on twitter @finwellbeing 6:42 – Late tax return excuses 9:43 – #tightasstommo Tip of The Week From selling multipacks at a profit, to free drinks at the pub. Check out the Houzz app for interior design 14:53 – The pleasure from delaying consumption 15:14 – Work out how much you need to spend for a happy life 17:26 – Disposable income – link to episode 5 18:41 – Spending your money in smarter ways 19:21 – We have lost the enjoyment of anticipation through instant consuerism 21:10 – Think of something you had to plan to purchase, looking forward to and saving up for this item. 24:07 – The pleasure in anticipation 26:04 – What can we do to improve wellbeing? Some tips and ideas on how to take pleasure from a purchase.   Resources Happy Money by Elizabeth Dunn & Michael Norton https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2837207/ 

Episode 32 – Getting Out of Debt with Maria Nedeva This episode of The Financial Wellbeing Podcast looks at the tricky subject of debt. Chris has a chat with University of Manchester Professor Maria Nedeva, who overcame her own debts in an unusual and uncompromising fashion. Maria now shares her own experiences to help others learn how to pay loans back quickly. As always Chris will be joined by David and Producer Tommo who will be sharing his latest Tight Ass Tommo Tip. 0:11 – Welcome and Introductions 1:45 – About this podcast, an interview with Maria Nedeva and the unusual way she paid back her debt 2:10 – Wellbeing Word from around the world Cacozelia – using foreign words to sound cultured 4:30 – Tight Ass Tommo #tipoftheweek From Ukuleles to being ill, to buying and selling unwanted items on Facebook Learn to play the Ukulele – ukulala.co.uk 10:22 – Interview with Maria Nedeva, Professor of Science, Innovation Dynamics & Policy at the University of Manchester. 11.57 – Maria’s story and her fear of getting into debt 13:40 – Why buy? We are here to experience the world 16:11 – £100,000 in debt 17:00 – How did Maria approach this debt? 18:35 – Budgets and over-payments, the smallest amount really does add up when paying it all back 19:35 – Maria’s focus was as a hunter, not helpless prey 20:21 – Was it easy to pay back this loan so quickly? 21:30 – Think about the ratios, work out how to pay the debt back quicker 23:50 – Suicide and debt, people become ashamed and stop taking action 25:17 – People need the support to redeem themselves from this debt 26:30 – Do not keep it quiet, share with family and ensure their trust is kept 27:25 – How are things now? 28:38 – Maria and husband talk about all their finances together 29:40 – Has it gone too far? Not spending money and being unhappy? 31:33 – Money is to nourish your life 31:55 – Chris and David discuss the interview with Maria Nedeva 33:50 – Earn as much as you can, spend only what you need for a happy life and save the rest 34:50 – Just do something and change the cycle   For more information on Maria click here to visit her website The Money Principle If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop

Episode 31 – Dealing with Financial Shocks In this episode we finally take a look at one of the five basic principles of Financial Wellbeing – dealing with financial shocks. Join Chris, David and producer Tommo as they discuss how the ability to deal with financial shock creates wellbeing and the various financial shocks we may face in life. With practical ideas and some great tips from #tightasstommo this is a podcast not to miss.   0:15 – Welcome & Introductions 2:42 – Wellbeing Words from Around the World – Japanese Words Age-Otori – looking worse after a haircut Boketto – staring into space Koi No Yokan – the sense you have upon first meeting a person that the two of you are going to fall in love Tsjigiri – trying out a new sword on a stranger Tsundoku – when you buy a book but do not read it 6:00 – #TightAssTommo Taking a look at great but quirky ways to save money, with holiday house swaps, homemade wedding cakes and cheap working spaces to be found in London. Tip of the Week – Always return your refundable cup, along with any others you can find along the way! 11:25 – The ability to cope with financial shock. Taking a look at why it is important to wellbeing, what shocks to look out for and practical tips to take away. 12:40 – Why is the ability to cope with financial shock important to financial wellbeing? 14:28 – Wellbeing is increased if we know we have the ability to cope with financial shocks Episode 21 – Financial Capability with Neil Bage 14:48 – Black swan events 19:15 – What financial shocks might we face? 20:43 – Practical ideas to take away 22:10 – Barclay’s Wellbeing In The Workplace Report 23:44 – Longterm illness and inability to work 25:40 – Life Insurance – get the right amount of cover to the need 29:10 – Thinking about repayment of debt, short term needs and replacing income lost 29:30 – Chip away, add a little each month to savings and it will all add up. If you would like to purchase a copy of The Financial Wellbeing Book please visit Penny Brohn UK shop

Episode 30: Young Money with Iona Bain In this episode Chris has a chat with the founder of the Young Money Blog, Iona Bain.  They discuss financial education, challenges younger people face and the importance of establishing saving habits. They also take a look at the pressures on young people from social media and society based expectations, such as keeping up with others and the work/life balance. As ever we have some great tips from #tightasstommo and a wellbeing word from Sweden.  If you have any great money-saving tips or want to comment on the blog, please do join us on twitter, @FinWellbeing.   0:19 – Welcome & Introductions 2:30 – Wellbeing Word from around the world Sweden – Lagom 4.:00 – #TightAssTommo Great ways to save money, from clothes to car boot sales to train tickets. Tip of the Week –  Split your train tickets 7:45 – Introduction to freelance journalist Iona Bain. Iona regularly writes about money issues young people face on her blog Young Money Iona has also written a book called Spare Change to help understand and find better ways to manage money. 8:39 – Interview with Iona Bain 10:30 – Musical beginnings 12:10 – On writing about economics and money 12:45 – The current economic climate and the pressure for meaningful work 15:35 – Workplace wellbeing, caring about the whole person 16:40 – Meaningful work and the influence of social media 18:15 – Issues facing the younger generations, asking why are they doing what they are doing. 22:40 – The advantages of saving and not spending 25:55 – Financial education, habits and control Click to tweet – Saving money is empowering, it gives security and sends a future present to yourself. 29:05 – Thoughts from Chris & David on the interview with Iona Bain   WIN a copy of Spare Change by Iona Bain –  We have 5 copies of the book to give away. Click here to visit our Twitter page and find out more. Competition will run from Friday 12th January until Friday 26th January 2018. Winners will be drawn at random from eligible entries and announced on Monday 29th January 2018. If you would like to purchase a copy of The Financial Wellbeing Book please visit Penny Brohn UK shop