Penny Radio

Tune in to Penny Radio today to discover what debt is and what types of debt there are out there. Now I'm sure you know this already and you may have debt of your own. Debt can be a big drain on our finances and a big risk to our financial health. So we'll also be looking at the difference between bad debt and useful debt. And what to do if you are struggling to repay your debt.

But most importantly we will be taking a look at how you feel about debt and why. I like to call this your Debtitude. If you know what your Debtitude is and why you feel this way about debt, then it can be easier to control how you use debt.

Have you noticed how no one talks about debt? Unless of course it is to judge people for getting into debt? Why is this, when debt can really affect our mental health as well as our financial health? Well now is the time to challenge this and to smash the stigma around debt! Start talking about debt to your friends and family today!

You've probably heard of wrappers and platforms before and wondered what they are.  This is more financial jargon that we need to bust and understand.  So tune in today to find out what wrappers and platforms are and how they work.  Discover how wrappers are like a big bag of tasty sweets.  Find out how they can be one of your best friends and help you make the most of compound interest.  We'll also look at how platforms are the shelves that you can keep your big bag of sweets on!  But beware of the those sweet-pinching baddies - fees...  And if you've ever wondered what the difference between savings and investments are - well this is your episode!

Do you find tax tricky to get your head round?  Do you look at your payslip and wonder where a big chunk of it has gone?  And why?!  Or do you just accept that you have to pay taxes but you don't really know how it's all worked out?  HMRC says that tax doesn't have to be taxing - but just how trues is that?  How taxing is tax?

Tune in to today's episode to find out!  We'll look at what tax is.  And what the different types of tax that you might have to pay.  We also take a look at how tax is worked out and what it can mean for us.

Remember to check out the show notes and the links to the calculators at https://pennyradio.co.uk/penny-radio-resources.  You'll be able to find the examples that we talk about in the show.  Use these to see how much tax you will have to pay.  And find out just how taxing tax is!

Tune in to this week's episode of Penny Radio.  In this second of two episodes on inflation, we take a look at how damaging inflation can be on our financial wealth and health.  We go through some real world examples to help you understand what inflation means for you.  And we take a look at what we can do about it!  Remember to check out the show notes at https://pennyradio.co.uk to see the examples we talk about, for yourself.  You can change the numbers to suit your own personal financial situation to see how inflation really impacts you!

Tune in to this week's episode of Penny Radio and join us as we bust the jargon of inflation.  In this first of two episodes we look at what inflation actually is and the different types.  Find out how governments calculate them and why they want inflation.  Even if it means our money is worth less today than it was yesterday!

Tune in to Penny Radio for the second part of our exploration of interest.  In this episode we look at some real world examples of when you'll come across interest.  We'll find out what the Annual Equivalent Rate on savings accounts and the Annual Percentage Rate of Charge on loans are.  We'll also look at whether using our savings to pay off expensive debt is a good idea.  Remember to check out the show notes on the website to see these examples and try putting in your own numbers for your own personal situation.

In this week's episode we tackle one of the most fundamental of the Fundamental Finance season's topics - interest.  We go through what interest is; why it is important in helping us to build wealth and financial health; where we might come across it; and the difference between simple and compound interest.  Most importantly we look at how to calculate interest for ourselves.  Make sure to check out the examples in the show notes at Penny Radio.

Join me for this episode where we take a look at banks accounts - what they are and why they are one of the first steps to mastering your money.  We also take a look at what debit and credit mean and how we use them in everyday life.

Listen now as we kick-off Fundamental Finance - the first season of Penny Radio, by taking a look at what money actually is.  We delve into whether money really exists and touch upon what types of money there are, how we get it and how we use it.