Martin joins the 5live Teen 23 Summit to give financial advice to teenagers and students, with a guide to savings, inflation, credit cards and money that apply to everyone. 00:00 Introduction
05:58 Maintenance loans and top uni tips
22:34 Tell Us
27:05 Questions from teens
34:17 Podcast-only tips, National Trust and more
36:54 More teen questions
43:19 More Tell Us
45:23 Mastermind

Teen money special: Lessons for everyone

Martin Lewis answers your financial questions, offering valuable money-saving tips.

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It’s a bonus mini episode as Martin explains what the newly announced Ofgem energy price cap for July means for you – and why there could be bad news in store for October.

Bonus Mini-Pod: Energy Price Cap 7% fall – the good, the bad, the ugly

Martin looks at the cheapest ways to spend money abroad, reflects on the impact of the fall in inflation and discusses the quarterly energy price cap update.  And you ‘Tell Us’ when you’ve complained and won. This episode was recorded on lunchtime on 22nd May 2024 – shortly before the General Election date was confirmed.

Cheapest way to spend abroad | How inflation cut will hit mortgages & savings | Time to fix energy

Martin hears your ‘money-festo’ ideas  – if you could change one consumer law or rule, what would it be – and why? He and Nihal are joined by former government adviser and policy expert Polly MacKenzie – to assess how practical the suggestions are – as our very own “Polly-filter”. Could we regulate shrinkflation, give parents that chance to book term-time holidays, offer tax-cuts for downsizers, or make the morning commute tax deductible? And would any of those ideas actually work?

The Money-Festo: How to improve Britain including shrinkflation, term-time holidays, tax-cuts for downsizers and more…

On this week’s podcast Martin explains how you can buy voluntary National Insurance years to boost your state pension and why it is one of the most lucrative things many can do with their money. TELL US is about if listeners have ever taken money from their childrens accounts to help the household finance, or broken their piggybanks. Later in the pod, Martin shares his latest money-saving tips and Nihal attempts another tricky Mastermind question.

Under 73? Turn £800 or less into £5,400 or more. The clock’s ticking… it’s all about National Insurance

This week on the podcast, Martin has a message for people entitled to PIP who might be worried about potential reforms to these payments. You ‘Tell Us’ the best financial advice you’ve received from your parents and grandparents. And finally, there are some new energy fixes to take advantage of - and they’re below the price cap. Martin also shares with us what it was really like hosting Have I Got News For You.

Teen money special: Lessons for everyone

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