The Making Cents Podcast

This week the team sit down to give you a wrap-up of our second live show, which took place at the East London Arts & Music College (ELAM). We go a little more in-depth into the topics covered, which included Student Loans & Grants, Accommodation, Budgeting and Student Bank Accounts. In addition to this, we go over some general hints and tips for starting your financial journey, as well some good resources.

We would like to give a big shout out to staff and students down at ELAM for making us feel welcomed, as well as helping put the seminar together.

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Tune in and don't be shy to contact us!

Email: [email protected]

Twitter & Instagram: @MakingCentsPC

Making Cents Team:

Sam

Twitter: @Ms_sammi_xx

Instagram: samma_xx

Jay

Twitter: @IMJ_33

Instagram: think_king_jay

Kalisha

Twitter: @Miss_K_Vang

Instagram: MissKVang

Francis

Twitter: @Brah_Livin

Special thanks to ELAM

ELAM

Twitter: @ELAMHQ

Instagram: elamhq

Rochelle

Instagram: allysarochelle

Podcast: @VulnerablePodcast

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Links

Save The Student

https://www.savethestudent.org/money/student-banking/student-bank-accounts.html

Fidelity International

https://www.fidelity.co.uk/home

Hargreaves Landsdown

www.hl.co.uk

Following on from our two previous investing episodes, where we broke down what an Investment Fund actually is. This episode the team go through some of the practical steps on how to start investing in an Investment Fund and some of the different things to consider. So if you have signed up for Hargreaves Landsdown (or one of the other providers!), this episode should help you get started on your journey to achieveing your investment goals in 2018 and beyond. Let's get that MONEY!!!

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Tune in and don't be shy to contact us!

Email: [email protected]

Twitter & Instagram: @MakingCentsPC

Hosts:

Sam

Twitter: @Ms_sammi_xx

Instagram: samma_xx

Jay

Twitter: @IMJ_33

Instagram: think_king_jay

Kalisha

Twitter: @Miss_K_Vang

Instagram: MissKVang

Francis

Twitter: @Brah_Livin

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What is an Investment Fund

http://www.schroders.com/en/uk/dcpensions/investment-explained/how-do-investment-funds-work/

Fidelity International

https://www.fidelity.co.uk/home

Hardgreaves Landsdown

www.hl.co.uk

With annual pay reviews around the corner, we will be discussing the art of salary negotiation and knowing your worth. With the cost of living increasing year on year, the ability to secure a pay rise may be your way to stay ahead of the cost of living. We also look at pay levels UK wide by role, sector, location and age and how this compares to other countries in Europe. Hope you enjoy and good luck getting paid what you’re WORTH!!!!

------------------------------------------------------------------------------------------------------------------------------------

Tune in and don't be shy to contact us!

Email: [email protected]

Twitter & Instagram: @MakingCentsPC

Hosts:

Sam

Twitter: @Ms_sammi_xx

Instagram: samma_xx

Jay

Twitter: @IMJ_33

Instagram: think_king_jay

Kalisha

Twitter: @Miss_K_Vang

Instagram: MissKVang

Francis

Twitter: @Brah_Livin

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Forbes Article used for research:

https://www.google.co.uk/amp/s/www.forbes.com/sites/jeffkauflin/2016/10/19/are-you-being-paid-fairly-glassdoor-launches-a-new-tool-to-help-you-find-out/amp/

Equal pay knowledge

https://www.unison.org.uk/get-help/knowledge/pay/equal-pay/

The London Underground Map of Salaries

https://www.standard.co.uk/news/london/new-tube-map-reveals-how-much-workers-earn-on-average-near-london-s-stations-a3729561.html?amp#click=https://t.co/goJuJsHEne

Useful links:

https://www.gov.uk/national-minimum-wage-rates

http://www.minimum-wage.co.uk/

https://checkyourpay.campaign.gov.uk/#jf77R6YcTrMQJurO.97

https://www.reed.co.uk/average-salary

https://www.glassdoor.com/Salaries/know-your-worth.htm

https://www.payscale.com

https://www.monster.co.uk/career-advice/article/salary-calculator

http://www.hays.co.uk/salary-guide/index.htm

Show Notes and Links:

The numbers:

https://www.theguardian.com/money/2017/nov/18/cost-of-christmas-dinner-food-prices-rise

http://www.goodhousekeeping.co.uk/christmas

https://www.statista.com/statistics/373481/christmas-spending-gifts-great-britain-uk/

https://www.pwc.co.uk/industries/retail-consumer/insights/christmas-shopping.html

Saavy Sales Shopping:

Uk.camelcamelcamel.com - a free amazon price tracker

Megashopbot.com - check the price elsewhere to find out where to get things cheaper

Mysupermarket.co.uk - compares supermarket shop

Cashback Sites - which.com explains https://www.which.co.uk/money/money-saving-tips/making-money/guides/cashback-sites/cashback-sites-explained

MoneySavingExpert- 50 Festive Fiver List

0% Credit Cards on purchases

Cash back Credit Cards

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Tune in and don't be shy to contact us!

Email: [email protected]

Twitter/Instgram: @MakingCentsPC

Hosts:

Sam @Ms_sammi_xx

Think King Jay @IMJ_33

Kalisha @Miss_K_Vang

Francis @Brah_Livin

As a car has for long been considered the second largest purchase a person will make in their life; this week the team sit down with Gavin from Car Buying Guru, to go through some key information and handy tips. We also be discussing consumer trends, the ideal amount an average person should be spending and of course buying vs leasing. Please enjoy and as always like, comment, repost and subscribe.

Show Notes and Links

Car Buying Guru:

Website: https://carbuyingguru.co.uk/https://carbuyingguru.co.uk/

Email: [email protected]

VW scandal:

http://www.bbc.co.uk/news/business-34324772

PCP scandal:

http://www.telegraph.co.uk/motoring/news/10683988/Is-PCP-finance-a-good-deal-in-the-long-term.html

Books:

Mark Dampier - Effective Investing: A simple way to build wealth by investing in funds

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Tune in and don't be shy to contact us!

Email: [email protected]

Twitter: @MakingCentsPC

Hosts:

Sam @Ms_sammi_xx

Think King Jay @IMJ_33

Kalisha @Miss_K_Vang

Francis @Brah_Livin

Show Notes and Links:

Guardian Budget Summary

https://www.google.co.uk/amp/s/amp.theguardian.com/uk-news/2017/nov/22/autumn-budget-the-days-biggest-winners-and-losers

The Budget

https://www.gov.uk/government/topical-events/autumn-budget-2017

Help with debt

www.DebtAdviceSolutions.co.uk

Stamp Duty Rates

https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

Islamic Finance

https://www.investopedia.com/articles/07/islamic_investing.asp

There are some sharia compliant banks around like Lloyds and BLME check out for more advice:

https://www.moneyadviceservice.org.uk/en/articles/sharia-compliant-savings

Books:

Mark Dampier - Effective Investing: A simple way to build wealth by investing in funds

------------------------------------------------------------------------------------------------------------

Tune in and don't be shy to contact us!

Email: [email protected]

Twitter/Instgram: @MakingCentsPC

Hosts:

Sam @Ms_sammi_xx

Think King Jay @IMJ_33

Kalisha @Miss_K_Vang

Francis @Brah_Livin

Show Notes and Links:

Financial Literacy and the fact that it is not being taught in schools is becoming more and more of a topic of conversation. This week the team sit down to discuss their personal experiences growing up, as well as ideas of what can be done going forward.

Article:

https://www.investopedia.com/articles/personal-finance/052313/role-parents-financial-education.asp

Books:

Mark Dampier - Effective Investing: A simple way to build wealth by investing in funds

------------------------------------------------------------------------------------------------------------

Tune in and don't be shy to contact us!

Email: [email protected]

Twitter/Instgram: @MakingCentsPC

Hosts:

Sam @Ms_sammi_xx

Think King Jay @IMJ_33

Kalisha @Miss_K_Vang

Francis @Brah_Livin

Show Notes and Links:

Corrections:

The creator of Ethereum is Vitalik Buterin (not Butain)

The only cryptos available on GDAX are Bitcoin, Ethereum and Litecoin (same as Coinbase)

How to buy:

https://www.coinbase.com/join/5a0a23f3f806eb01c56c1fe9

Resources:

https://lopp.net/bitcoin.html

Books:

Mark Dampier - Effective Investing: A simple way to build wealth by investing in funds

------------------------------------------------------------------------------------------------------------

Tune in and don't be shy to contact us!

Email: [email protected]

Twitter/Instgram: @MakingCentsPC

Hosts:

Sam @Ms_sammi_xx

Think King Jay @IMJ_33

Kalisha @Miss_K_Vang

Francis @Brah_Livin

Show Notes and Links:

Areas covered:

Inheritance Tax, Capital Gains Tax, Income Tax, Corporation Tax, VAT and Dividend tax.

Note:

You do not pay Capital Gains on your main home, but may be liable for additional properties such as holiday home etc.

The Dividend threshold is £5000 (£2000 next year):

https://www.gov.uk/tax-on-dividends

General info:

https://www.gov.uk/government/organisations/hm-revenue-customs

Tax rates and allowances:

http://www.ukbudget.com/files/deloitte-uk-tax-rates-2017-18.pdf

Business Property Relief:

https://www.gov.uk/business-relief-inheritance-tax

Inheritance Tax – 7 year Rule

https://www.gov.uk/inheritance-tax/gifts

Tax Calculator:

https://listentotaxman.com/

Books:

The Daily Telegraph - Tax Guide 2017

Mark Dampier - Effective Investing: A simple way to build wealth by investing in funds

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Tune in and don't be shy to contact us!

Email: [email protected]

Twitter/Instgram: @MakingCentsPC

Hosts:

Sam @Ms_sammi_xx

Think King Jay @IMJ_33

Kalisha @Miss_K_Vang

Francis @Brah_Livin

Show Notes and Links:

Advice:

https://www.citizensadvice.org.uk/debt-and-money/getting-financial-advice/

Robo Advice:

http://uk.businessinsider.com/what-are-robo-advisors-robo-advice-2016-3

https://app.nutmeg.com/auth/users/sign_in

Resource:

https://www.myfinance.com/

http://www.investopedia.com/terms/r/retirement-planning.asp

https://www.nationaldebtline.org/

Books:

Mark Dampier - Effective Investing: A simple way to build wealth by investing in funds

------------------------------------------------------------------------------------------------------------

Tune in and don't be shy to contact us!

Email: [email protected]

Twitter/Instgram: @MakingCentsPC

Hosts:

Sam @Ms_sammi_xx

Think King Jay @IMJ_33

Kalisha @Miss_K_Vang

Francis @Brah_Livin

Guest:

Darren @the_tatted_gentleman (on Instagram)