Money Confidential with Katie Morley

The wine is delicious, the food is perfectly cooked, the conversation is relaxed and flowing. Yet there is one thing, especially for us Brits, that can really turn the sweetness of a perfect evening with friends bitter: the awkward matter of who pays for what.

On this week's episode of Money Confidential, Katie hears from two listeners at opposite ends of the wealth spectrum, and with very different dilemmas: Maggie* is fed up of being rinsed, while Charles* no longer wants to be lavished.

✍️ Need your awkward money problem solved? Email Katie on [email protected] or leave a voicenote on Whatsapp - 07892 793324. You can also fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

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Despite owning his own advertising agency which is on the verge of turning over £1m a year, 40-year-old Atem admits he is crippled with feelings of inadequacy. 

It would be easy to assume that such an affluent, successful and confident character would feel contented, but sitting in an underground nightclub within a private members club (a client of his) at 10am in the morning, Atem confesses he is haunted by what he describes as "imposter syndrome". 

✍️ Need your awkward money problem solved? Email Katie on [email protected] or leave a voicenote on Whatsapp - 07892 793324. You can also fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

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After her father walked out when she was six, the stable childhood Catherine had always known was ripped away. Her childhood set her up to be fiercely self-reliant and her attitude to money was also forged in those early years. She rarely spends money on herself and as a result she's saved a total of £200,000. Her wealth feels like a burden and it's keeping her up at night.

Since having an intense dream about dying recently, Catherine has been haunted by what it might be like to pass away. She admits putting off the not insignificant task of creating a will, and deciding who she will leave her £200k estate to.

Savings deals mentioned in this programme were available as of September 30th, 2024, rates may change.  

✍️ Need your awkward money problem solved? Email Katie on [email protected] or leave a voicenote on Whatsapp - 07892 793324. You can also fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Hosted on Acast. See acast.com/privacy for more information.

Susan*, a 76-year-old widow, has plundered her pension over the past 18 months to fund her son's start-up business in the Philippines. But she hasn't seen a penny back and has decided that enough is enough. But how can Susan resist her son's intense requests for more money? Katie brings in a psychotherapist, Dr Aaron Balick, to help.

*Name has been changed.

✍️ Need your awkward money problem solved? Email Katie on [email protected] or leave a voicenote on Whatsapp - 07892 793324. You can also fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Hosted on Acast. See acast.com/privacy for more information.

Listen to the brand new series from Wednesday 2nd October.

✍️ Need your awkward money problem solved? Email Katie on [email protected] or leave a voicenote on Whatsapp - 07892 793324. You can also fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Hosted on Acast. See acast.com/privacy for more information.

John's* brother-in-law moved in for a couple of months. He didn't move out for 5 years...

On today's episode - how much do we owe our in-laws? Following an anonymous letters from someone who's worried at the level of financial support their partner is giving to their mother mother-in-law, Katie Morley hits the road to speak to 'John' to see what can happen if you give someone an inch, and they take a mile. also in the episode, professional mediator Becs Dhillon on what other families facing similar situations could do and the Telegraph's chief reporter, Rob Mendick, chiming in with some rather unconventional advice...

*Name has been changed.

If you want help or know someone who would benefit from professional mediation, please head to becsdhillon.com.

✍️ Need your awkward money problem solved? Email Katie on [email protected] or leave a voicenote on Whatsapp - 07892793324. You can also fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Hosted on Acast. See acast.com/privacy for more information.

Imagine earning millions but feeling too ashamed to tell anyone about it? That's the problem facing Jack*, who following a decade of debt is now making 100k a month. Jack can’t help feeling terribly guilty when he sees friends slogging it out in more noble careers and earning significantly less. Without knowing it, Jack is suffering from "sudden wealth syndrome", terrified of being ostracised by family and friends.

On today's episode - what’s it like suddenly coming into serious money when you’ve previously been on the breadline? Most of us will never know, but could there be a secret millionaire in your friendship circle? And if there was, would you want to know? Should we all be more open about money and salaries? Katie talks to Dr Stephen Goldbart who coined the term "sudden wealth syndrome" in the 90s, as well as Lisa, another self-made millionaire brought up on a council estate, previous dragged down by decades of debt.

✍️ Need your awkward money problem solved? Email Katie or send a voice-note to [email protected] or fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Hosted on Acast. See acast.com/privacy for more information.

Is taking children out of school during term time financially savvy or just selfish parenting? In today's episode, Katie chats to "Louise" who is one of 350,000 parents taking their children out of school during term time every year in order to nab a cheaper holiday. With travel companies dialling up the prices of flights, accommodation and more during the holidays, some parents are choosing the £60 a day fine in order to save bigger money on the break. 

Joining Katie to unpack this dilemma is travel expert Jen Carr-Paias AKA The Travel Mum on instagram, Britain's strictest headteacher Katherine Birbalsingh and the Telegraph's own common sense queen, Camilla Tominey.

✍️ Need your awkward money problem solved? Email Katie or send a voice-note to [email protected] or fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Katie Morley, The Telegraph's Consumer Champion, has won back £10 million in compensation for readers. Now, she's hitting the road for a brand new podcast, Money Confidential, to hear directly from you. Would you let your grown-up child move back home and not pay rent? Is it fair for your richer siblings to go skiing and leave you behind? Are private schools really worth it? This is the place where we discuss everyday money problems affecting your life and relationships.

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How far would you go to afford private school for your children... and is it even worth it? In this episode, Katie hears from "Lucy" who is stuck on whether to send her children to private school. To find answers, Katie hits the road and speaks to Phil in Bolton, who sold his house, ISAs and moved the whole family 200 miles north in order to pay for his kids' school fees. Katie also finds answers from Melanie Sanderson, Managing Editor of the Good Schools Guide & Telegraph writer Helena Morrissey, who paid for all 9 of her children to attend private school.

✍️ Need your awkward money problem solved? Email Katie or send a voice-note to [email protected] or fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Contributors:

Melanie Sanderson

Helena Morrissey

Katie Morley, The Telegraph's Consumer Champion, has won back £10 million in compensation for readers. Now, she's hitting the road for a brand new podcast, Money Confidential, to hear directly from you. Would you let your grown-up child move back home and not pay rent? Is it fair for your richer siblings to go skiing and leave you behind? Are private schools really worth it? This is the place where we discuss everyday money problems affecting your life and relationships.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Katie chats to “Poppy” who is struggling with the wealth gap between herself and her siblings. However, Katie also discovers a dysfunctional penchant for posh purses is wreaking havoc with Poppy's finances. Over a delicious slice of lemon cake, she makes a rather sour confession: she's bitterly jealous of her richer siblings, who all go on skiing holidays together and have stopped bothering to invite her, as they assume she can't afford to go.

✍️ Need your awkward money problem solved? Email Katie or send a voice-note to [email protected] or fill in the form here: https://telegraph.co.uk/moneyconfidential. It can be 100% confidential!

💰 Discover more of our leading Money journalism: telegraph.co.uk/money

📰 Subscribe to the Telegraph here: https://telegraph.co.uk/moneypodcast

💬 Follow Katie Morley on Instagram: @MoneyBackMorley

Contributors:

Celia Walden

Vicky Reynal

Claire Seal

Katie Morley, The Telegraph's Consumer Champion, has won back £10 million in compensation for readers. Now, she's hitting the road for a brand new podcast, Money Confidential, to hear directly from you. Would you let your grown-up child move back home and not pay rent? Is it fair for your richer siblings to go skiing and leave you behind? Are private schools really worth it? This is the place where we discuss everyday money problems affecting your life and relationships.

Hosted on Acast. See acast.com/privacy for more information.