The penny drops

Getting your financial year off to the right start


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Whether you’re one for making resolutions or not, the start of a new year is a good time to take stock of your finances. In this episode, host Andrea Fox joins Georgie Frost, award-winning financial journalist and radio presenter, and Josh Widdicombe, comedian, writer and co-host of Channel 4’s The Last Leg, to talk about the impact of the Covid-19 pandemic, self-employment and managing your finances in uncertain times, and how to set and stick to your money goals in the year ahead.

How can you find more information?


Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information on some of the topics discussed in this episode on the following sites:

Saving and budgeting

Money Advice Service: www.moneyadviceservice.org.uk/en/tools/savings-calculator
Citizens Advice: www.citizensadvice.org.uk/debt-and-money/budgeting/budgeting/work-out-your-budget
Royal London: www.royallondon.com/articles-guides/your-money/budgeting

Cutting your bills

Money Advice Service: www.moneyadviceservice.org.uk/en/articles/how-to-save-money-on-household-bills
Energy Saving Trust: energysavingtrust.org.uk/energy-at-home

Paying off debt

StepChange: www.stepchange.org
Citizens Advice: www.citizensadvice.org.uk/debt-and-money/help-with-debt
Royal London: www.royallondon.com/articles-guides/your-money/debt

Managing your finances when you’re self-employed

GOV.UK: www.gov.uk/working-for-yourself
Money Advice Service: www.moneyadviceservice.org.uk/en/categories/self-employment

Coronavirus support

Royal London: www.royallondon.com/coronavirus/your-finances
Money Advice Service: www.moneyadviceservice.org.uk/en/hub/coronavirus-money-guidance

This episode was recorded in December 2020 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Please note that all topics discussed in this episode can vary depending on your personal circumstances. The value of investments can fall as well as rise and you could get back less then you pay in. Any figures quoted were accurate at the time of recording.

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The penny dropsBy thepennydrops