The Pension Confident Podcast

E23: Common financial mistakes and how to avoid them with Lynn Beattie, Ola Majekodunmi and Jasper Martens


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We’re thrilled to announce that the series has won two Lovie Awards! We were recognised in both the ‘Best Series’ and ‘Best Branded Podcast or Segment’ categories. A big thank you to everyone who voted for us!

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With Christmas around the corner it can be easy to go overboard. Before you know it, you may have spent a little too much and live to regret it come January.

We’ve all been there, and we all make other financial mistakes. Sometimes they’re small, like lending a friend a tenner, knowing you’re unlikely to see it again. However, sometimes they can have a much bigger impact. It could be that you’ve bought a property that doesn’t fit the bill, or perhaps you’ve let your debts spiral out of control? 

Even the money experts make mistakes and to talk us through theirs, and what we can all learn from our financial failures are: 

  • Personal Finance Expert and Founder of Mrs MummyPenny; Lynn Beattie,
  • Founder of financial literacy platform, All Things Money; Ola Majekodunmi, and
  • CMO at PensionBee; Jasper Martens. 

 

Episode Breakdown: 

01:41 Team PensionBee’s financial mistakes 

02:46 Shopping mistakes

08:44 Black Friday and other ‘sales’

11:45 Not paying attention to your finances

12:22 Recurring payments and monthly subscriptions

15:18 Switching bank accounts

18:18 Pension apathy

24:24 Property mistakes

26:52 The effect of relationships on financial decisions.

 

Further reading:

To help you avoid making some of the financial mistakes we talk about in this episode, check out these articles from PensionBee:

  • Episode 23 transcript
  • Common money mistakes and how to avoid them
  • How to check your pension contributions
  • How to save for retirement when ‘future you’ feels like a stranger
  • Rethinking your pension savings during the cost of living crisis
  • Avoid these pension mistakes in your 40s
  • Six ways to start talking about money
  • Five steps to plotting your personal finance roadmap

 

Other useful resources: 

  • Camelcamelcamel price tracker
  • Idealo price comparison website
  • Current account switch guarantee
  • Switching mobile phone provider (Ofcom)

 

 

Catch up on the latest news, read our transcripts or watch on YouTube:

  • The Pension Confident Podcast
  • The Pension Confident Podcast on YouTube

 

Follow @PensionBee on X, Threads, Instagram, TikTok, Facebook and LinkedIn.

Follow Ola (@allthingsmoney_) on X, Instagram, TikTok, Facebook and LinkedIn.

Follow Lynn (@mrsmummypennyuk) on X, Instagram, TikTok, Facebook and LinkedIn.

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